Firm Sustainability Performance Index Modeling

Radzi, Che Wan Jasimah Wan Mohamed; Jenatabadi, Hashem Salarzadeh; Hasbullah, Maisarah Binti

doi:10.3390/su71215810

Cited by 17 publications

(16 citation statements)

References 65 publications

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“…Finally, and in coincidence with Wan Mohamed Radzi et al [6], Aguayo and Eames [21], Boyle and Michell [22], Aranda-Usón et al [29], and Xu et al [36] it was identified that, although natural attributes confer distinctive and competitive advantages that can have a positive impact in economic terms on the communities of RAMSAR sites, in practice environmentally reactive plans and temporary solutions are implemented. In that sense, it is considered that the proposed relationships can propitiate continuous equilibrium in the organisations under study.…”

Section: Discussionmentioning

confidence: 76%

Systems Thinking Approach to Sustainable Performance in RAMSAR Sites

et al. 2019

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This article explores and validates the integrated use of the viable system model (VSM) and the partial least squares path modeling (PLS-PM) approach to assess the sustainable management of RAMSAR sites carrying out economic activities. This work adopts a systems-thinking approach integrating systemic methodologies in three phases: (1) the VSM was first used to develop a conceptual model of the organisational problem; (2) PLS-PM was used to propose a construct to outline a solution, as well as to statistically validate the relationships proposed in the conceptual model; finally, (3) through the VSM, the relationships between actors were rethought in order to promote sustainable performance. The results obtained suggest that the joint use of VSM and PLS-PM is an effective approach that aids in the identification of relational and structural pathologies affecting the observed RAMSAR systems. It also proved useful to suggest that relationships can lead to the sustainable performance of the sites under study. It should be noted that the framework of systemic tools is constrained in its application to the organisational domain: assessing two RAMSAR areas in Mexico. Methodologically, this is the first application of the integrated use of VSM and PLS-PM to analyse the management and viability/sustainability of RAMSAR areas from an organisational perspective, opening a new avenue for the analysis and optimisation of management of such areas. This study provides tools to support actors and academics related to RAMSAR sites and opens up a discussion on how to rethink the organisational interactions in order to improve RAMSAR sites’ adaptive capabilities.

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Section: Discussionmentioning

confidence: 76%

Systems Thinking Approach to Sustainable Performance in RAMSAR Sites

et al. 2019

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“…Moreover, based on the output of the multivariate normality test, the kurtosis value is 18.69, and this value is not less than 10. Therefore, the multivariate normality hypothesis is rejected [71]. Controlling for outliers and maintaining normal distribution support in adjusting the heterogeneity of the research data.…”

Section: Methodsmentioning

confidence: 99%

Airline Sustainability Modeling: A New Framework with Application of Bayesian Structural Equation Modeling

et al. 2016

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There are many factors which could influence the sustainability of airlines. The main purpose of this study is to introduce a framework for a financial sustainability index and model it based on structural equation modeling (SEM) with maximum likelihood and Bayesian predictors. The introduced framework includes economic performance, operational performance, cost performance, and financial performance. Based on both Bayesian SEM (Bayesian-SEM) and Classical SEM (Classical-SEM), it was found that economic performance with both operational performance and cost performance are significantly related to the financial performance index. The four mathematical indices employed are root mean square error, coefficient of determination, mean absolute error, and mean absolute percentage error to compare the efficiency of Bayesian-SEM and Classical-SEM in predicting the airline financial performance. The outputs confirmed that the framework with Bayesian prediction delivered a good fit with the data, although the framework predicted with a Classical-SEM approach did not prepare a well-fitting model. The reasons for this discrepancy between Classical and Bayesian predictions, as well as the potential advantages and caveats with the application of Bayesian approach in airline sustainability studies, are debated.

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“…This Bayesian method facilitates the simultaneous estimation of all cross-loadings, as well as residual correlations in a particular model; however, if ML-based estimation is applied, simultaneous estimation is not possible [18]. In recent years, Bayesian SEM (BSEM) has been applied in different areas like engineering [20], psychology [21,22], and health [23,24].…”

Section: Introductionmentioning

confidence: 99%

A Comparison of Structural Equation Modeling Approaches with DeLone & McLean’s Model: A Case Study of Radio-Frequency Identification User Satisfaction in Malaysian University Libraries

2018

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This paper focuses on the application of mathematical theories in the study of information system (IS) success factors. The main objective is to apply Delone and McLean's IS success model for radio-frequency identification (RFID) sustainability in Malaysian university libraries. Two approaches are applied to estimate user satisfaction, such as the Bayesian and maximum likelihood estimation approaches. In order to identify the best approach, four mathematical indices are used, namely root mean squared error, absolute error, mean absolute percentage error, and the coefficient of determination. The results reveal that Bayesian estimation provides good fit to the data, unlike the model with the maximum likelihood estimator. This study addresses the causes for this difference between the two approaches, as well as the potential merits and shortcomings of the maximum likelihood approach. The current study presents a novel and practical modeling and prediction concept for researchers and experts in the field of computer science.

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Firm Sustainability Performance Index Modeling

Cited by 17 publications

References 65 publications

Systems Thinking Approach to Sustainable Performance in RAMSAR Sites

Systems Thinking Approach to Sustainable Performance in RAMSAR Sites

Airline Sustainability Modeling: A New Framework with Application of Bayesian Structural Equation Modeling

A Comparison of Structural Equation Modeling Approaches with DeLone & McLean’s Model: A Case Study of Radio-Frequency Identification User Satisfaction in Malaysian University Libraries

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