Publication detail

Determination of economic indicators in the context of corporate sustainability performance

PAVLÁKOVÁ DOČEKALOVÁ, M. KOCMANOVÁ, A. KOLEŇÁK, J.

Original Title

Determination of economic indicators in the context of corporate sustainability performance

Type

journal article in Scopus

Language

English

Original Abstract

This article is focused on determination of the most significant economic indicators influencing corporate sustainability performance. Corporate sustainability performance is a multidimensional concept based on the original idea of sustainable development, replacing the traditional understanding of corporate performance only as capital appreciation for owners (shareholders). Compared to the original concept of sustainable development which consists of environmental, social and economic performance, the so-called triple-bottom-line, it is broaden to the responsibilities and the impact of Corporate Governance on the corporate performance. The basic set of economic indicators has been constructed from a synthesis of resources developed by international organizations (Global Reporting Initiative, International Federation of Accountants) and research among manufacturing companies in the Czech Republic. The basic set of twenty-five key indicators is divided into seven groups: Costs, Investments, Economic Results, Asset & financial resources utilization, Suppliers reliability, Penalties and R&D expenses. Basic set of indicators was presented to 23 top-managers who quantified the potential effect of each indicator to the success and sustainability of their companies. Through the methods of descriptive statistics knowledge of the particularities of each indicator was obtained. Correlation analysis and factor analysis were applied in order to eliminate information duplicity and dimensionality reduction. The result is a reduction in the number of economic indicators, so that the loss of information on the influence of the original indicators on the corporate sustainability is minimized. Corporate sustainability indicators are a tool for measuring and managing progress towards sustainability goals and environmental, social and economic impacts.

Keywords

economic indicators; corporate sustainability performance; factor analysis; Czech Republic

Authors

PAVLÁKOVÁ DOČEKALOVÁ, M.; KOCMANOVÁ, A.; KOLEŇÁK, J.

RIV year

2015

Released

31. 3. 2015

Publisher

Vilnius Gediminas Technical University

ISBN

1648-0627

Periodical

Business: Theory and Practice

Year of study

16

Number

1

State

Republic of Lithuania

Pages from

15

Pages to

24

Pages count

10

URL

https://journals.vgtu.lt/index.php/BTP/article/view/8296

Full text in the Digital Library

http://hdl.handle.net/11012/201394

BibTex

@article{BUT114005,
  author="Marie {Pavláková Dočekalová} and Alena {Kocmanová} and Jiří {Koleňák}",
  title="Determination of economic indicators in the context of corporate sustainability performance",
  journal="Business: Theory and Practice",
  year="2015",
  volume="16",
  number="1",
  pages="15--24",
  doi="10.3846/btp.2015.450",
  issn="1648-0627",
  url="https://journals.vgtu.lt/index.php/BTP/article/view/8296"
}