Exploring the Influence of Corporate Social Responsibility on Efficiency: An Extended Dynamic Data Envelopment Analysis of the Global Airline Industry

Kao, Fang-Chen; Ting, Irene Wei Kiong; Chou, Han-Chung; Liu, Yi-Sung

doi:10.3390/su141912712

Cited by 4 publications

(3 citation statements)

References 46 publications

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“…The authors proposed a technical efficiency evaluation network model under ESG-oriented, with the business operation assessed in one stage and market operation estimated in the other stage. Similarly, two-stage network DEA was employed in the study of (Kao et al, 2022) to classify the production performance of companies in the Global Airline industry based on their energy and wealth-generation efficiencies. Here, ESG scores were used to define the proxy variables of company social responsibility (CSR) from different perspectives.…”

Section: Data Envelopment Analysismentioning

confidence: 99%

Determinants of Sustainability Performance of Manufacturing Companies Using Two-stage Data Envelopment Analysis

Sutiene,

Vaz,

Vaitiekuniene

2024

Preprint

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The investigation of business performance through the lens of sustainability has become an increasingly attractive topic among scholars. This study contributes to the field by proposing a two-stage methodology. First, to assess companies' efficiency in terms of sustainability, the scores of the Environmental, Social and Governance (ESG) pillars are combined into the single weighted sustainability performance indicator using the 'Benefit of Doubt' (BoD) model, which is maximized for each company by comparing it against the best performers in terms of ESG scores based on Data Envelopment Analysis (DEA). Then, in the second stage, the significant determinants are identified after the efficiency estimates are regressed on the company performance indicators using Tobit panel regression. To demonstrate this approach, we selected 559 companies from the manufacturing sector, as this industry continues to face challenges in reducing environmental impact, improving resource efficiency, and fostering social responsibility. The main findings include the examination of top performers and underperforming companies in terms of sustainability, alongside key financial indicators identified in the study.

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Section: Data Envelopment Analysismentioning

confidence: 99%

Determinants of Sustainability Performance of Manufacturing Companies Using Two-stage Data Envelopment Analysis

Sutiene,

Vaz,

Vaitiekuniene

2024

Preprint

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“…The DuPont system is a popular and often used method of analyzing a firm's returnon-equity ROE [63,64]. This indicator is calculated as the relation according to Formula (1):…”

Section: Theoretical Background Of Dupont Systemmentioning

confidence: 99%

Determinants of Return-on-Equity (ROE) of Biogas Plants Operating in Poland

et al. 2022

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Poland has a large potential for biogas production from agricultural sources and food waste. This potential is still poorly used. There are many reasons for this state of affairs. We can indicate both the policy of the state towards renewable energy sources (RES) with a small amount of energy from biogas contracted at auctions, investment risk, and especially low return on investment in the absence of investment support. An important reason is also the limited state budget. The purpose of this work was to determine the endogenous factors that determine ROE, the direction of the impact of these factors, as well as the strategy of biogas plants in shaping the ROE level. The DuPont model was used in the analysis of ROE changes. We used the deviation method to determine the impact of the various factors on ROE. Against the background of the energy sector in Poland, the value of ROE in the examined biogas plants should be considered satisfactory, and in 2020 it was, on average, 13.9%. The decrease from 17.2% in 2019 occurred despite the increase in energy prices and the increase in the net profit margin (NPM). It resulted from the reduction of ROE’s financial leverage through external capital. A high level of debt characterized the examined biogas plants, and the pursuit of risk reduction and debt reduction negatively impacts on ROE. This may indicate the need for state investment support at the plant construction stage or low-interest investment loans to develop biogas plants. In addition, using only price guarantees under the feed-in tariffs, with dynamic changes in costs, may bring the industry a relatively high investment risk compared to other RES, where the operational costs during the lifetime are low, as it is in PV or wind systems.

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“…Compared to previous studies, it has a more comprehensive performance dimension and differs from traditional perspectives in selecting specific financial indicators. It increases the evaluation of environmental indicators on enterprise performance, making the results more objective, accurate, and comprehensive [ 27 , 28 ].…”

Section: Introductionmentioning

confidence: 99%

A novel IFN-CSM-CoCoSo approach for multiple-attribute group decision-making with intuitionistic fuzzy sets: An application in assessing corporate social responsibility performance

Nie

2024

Heliyon

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Exploring the Influence of Corporate Social Responsibility on Efficiency: An Extended Dynamic Data Envelopment Analysis of the Global Airline Industry

Cited by 4 publications

References 46 publications

Determinants of Sustainability Performance of Manufacturing Companies Using Two-stage Data Envelopment Analysis

Determinants of Sustainability Performance of Manufacturing Companies Using Two-stage Data Envelopment Analysis

Determinants of Return-on-Equity (ROE) of Biogas Plants Operating in Poland

A novel IFN-CSM-CoCoSo approach for multiple-attribute group decision-making with intuitionistic fuzzy sets: An application in assessing corporate social responsibility performance

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