Construction of the economic indicators of performance in relation to environmental, social and corporate governance (ESG) factors

Alena Kocmanová and Marie Dočekalová
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Alena Kocmanová: Ústav ekonomiky, Vysoké učení technické v Brně, Fakulta podnikatelská, Kolejní 4, 612 00 Brno, Česká republika
Marie Dočekalová: Ústav ekonomiky, Vysoké učení technické v Brně, Fakulta podnikatelská, Kolejní 4, 612 00 Brno, Česká republika

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2012, vol. 60, issue 4, 195-206

Abstract: The article is focused on economic performance in relation to environmental, social and corporate governance indicators. Indicators are increasingly used by investors to understand the processes in company, focusing on the key factors. Many international institutions engaged in the development of environmental, social and corporate governance indicators and they are in accordance with financial institutions trying to find a common language in defining the environmental, social and corporate governance indicators affecting their common objectives to achieve sustainable, long-term growth and prosperity. The aim of the article is searching for the way of measuring economic performance of the company in relation to environmental, social and corporate governance indicators. On the basis of analysis of the environmental, social and corporate governance performance indicators of international organizations has been carried out empirical research of economic indicators for the companies in the manufacturing sector. The expected result of the research is the design of the economic indicators of performance in relation to environmental, social and corporate governance indicators. These proposed economic performance indicators should enable companies to measure the economic performance and added value towards sustainability.

Keywords: performance; key performance indicators; ESG performance; integrated reporting; empirical research; Person Chi-Sguare; T-test; Economic scales of the performance; Economic indicators; Economic Value Added (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2012060040195

DOI: 10.11118/actaun201260040195

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