Sustainable corporate performance index for manufacturing industry

Kocmanová, Alena; Pavláková Dočekalová, Marie; Němeček, Petr

dc.title	Sustainable corporate performance index for manufacturing industry	en
dc.contributor.author	Kocmanová, Alena
dc.contributor.author	Pavláková Dočekalová, Marie
dc.contributor.author	Němeček, Petr
dc.relation.ispartof	WMSCI 2014 - 18th World Multi-Conference on Systemics, Cybernetics and Informatics, Proceedings
dc.identifier.isbn	978-194176304-9
dc.date.issued	2014
utb.relation.volume	1
dc.citation.spage	31
dc.citation.epage	36
dc.event.title	18th World Multi-Conference on Systemics, Cybernetics and Informatics, WMSCI 2014
dc.event.location	Orlando, FL
utb.event.state-en	United States
utb.event.state-cs	Spojené státy americké
dc.event.sdate	2014-07-15
dc.event.edate	2014-07-18
dc.type	conferenceObject
dc.language.iso	en
dc.publisher	International Institute of Informatics and Systemics (IIIS)
dc.relation.uri	http://www.iiis.org/CDs2014/CD2014SCI/SCI_2014/PapersPdf/SA954RO.pdf
dc.subject	Corporate governance	en
dc.subject	Discriminant analysis	en
dc.subject	Economic performance	en
dc.subject	Environmental	en
dc.subject	Social	en
dc.subject	Sustainable corporate performance index	en
dc.description.abstract	The article presents a methodological approach consisting in the application of a discriminant analysis in evaluations using financial and non-financial ESG and economic indicators, including the establishment of the sustainable corporate performance index of Czech companies from the manufacturing industry. The proposed methodology for comprehensive performance evaluation is adjusted to allow for an assessment of financial and non-financial indicators and their weights. It is particularly necessary to focus on such financial and non-financial indicators that provide to some extent information about the potential risk to companies' sustainability. This will not only allow for an ex post evaluation of companies, but also of their sustainable development. The aim of this paper is to establish sustainable corporate performance index for Czech companies from the manufacturing industry based on defined financial and non-financial ESG and economic performance indicators. Environmental, social, corporate governance and economic indicators are often characterized by a large number of variables that are partly qualitative in nature and can only be evaluated on the basis of a subjective assessment, which inevitably includes various types of knowledge. The sustainable corporate performance index was determined by means of a discriminant analysis. The use of discriminant analysis to measure the comprehensive performance of the company can also improve the accuracy of qualitative aspects captured in a non-deterministic manner. Indicators selected for discriminatory analysis included those relevant financial indicators that relate to sustainability and non-financial indicators that also meet these conditions for Czech company from the manufacturing industry. The result of discriminant analysis is the sustainable corporate performance index, which should reflect the sustainability of companies from the manufacturing industry.	en
utb.faculty	Faculty of Management and Economics
dc.identifier.uri	http://hdl.handle.net/10563/1004202
utb.identifier.obdid	43873712
utb.identifier.scopus	2-s2.0-84923190521
utb.source	d-scopus
dc.date.accessioned	2015-05-06T06:58:24Z
dc.date.available	2015-05-06T06:58:24Z
dc.description.sponsorship	GACR, Czech Science Foundation
utb.contributor.internalauthor	Němeček, Petr
utb.fulltext.affiliation	Alena KOCMANOVA, Marie PAVLAKOVA DOCEKALOVA Brno University of Technology, Faculty of Business and Management, Department of Economics, Brno, Czech Republic and Petr NEMECEK Tomas Bata University in Zlín, Faculty of Management and Economics, Department of Management, Zlín, Czech Republic
utb.fulltext.dates	-
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utb.fulltext.sponsorship	This paper is supported by the Czech Science Foundation. Name of the Project: Measuring Corporate Sustainability in Selected Sectors. Registration No. 14-23079S.