Measuring sustainability performance using an integrated model

Sarker, Md. Rayhan; Ali, Syed Mithun; Paul, Sanjoy Kumar; Munim, Ziaul Haque

doi:10.1016/j.measurement.2021.109931

Cited by 23 publications

(11 citation statements)

References 81 publications

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“…The method is being tested at a small mechanical manufacturing company in China. A sustainability performance measurement model is presented by Rayhan Sharker et al [18] which integrates the fuzzy multiple-criteria decision-making approach and the balanced scorecard. Saad et al [19] presented a multi-dimensional sustainability assessment model to evaluate welding processes in the manufacturing sector.…”

Section: Literature Reviewmentioning

confidence: 99%

Sustainability Indexing Model for Saudi Manufacturing Organizations

2023

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Saudi Arabia has a 2030 Vision in which sustainability is a central pillar. Sustainability in manufacturing organizations has become a topic of discussion as a potential solution to help them survive and prosper in a competitive market. Here, the objective is to establish a sustainability indexing model for Saudi manufacturing organizations that will help organizations to prepare their sustainability reports in line with international sustainability standards. This study will also help Saudi manufacturing organizations evaluate their level of sustainability and identify barriers to improving their sustainability. The model presented has three sustainability dimensions, 12 criteria, and 29 sub-criteria. The model was implemented in a Saudi manufacturing organization as a case study. To improve the organization’s sustainability level, sustainability barriers were identified and analyzed. The model indicates that eight sub-criteria scored below the threshold value, which was found to be 0.19. These sub-criteria were further considered as sustainability barriers in the case organization.

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Section: Literature Reviewmentioning

confidence: 99%

Sustainability Indexing Model for Saudi Manufacturing Organizations

2023

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“…At the same time, sustainable practices can positively affect financial and corporate performance in general [44]. Increasing sustainability performance can also increase a company's competitive power [54]. While this strategy has advantages for companies, it also has disadvantages [5].…”

Section: Sustainabilitymentioning

confidence: 99%

The Impact of Sustainability Performance on Financial Performance: Does Firm Size Matter? Evidence from Turkey and South Korea

et al. 2022

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This study investigated the effect of sustainability performance on financial performance in developed and developing countries. It also aimed to determine the moderator effect of firm size. The factor for sustainability performance was listed in the BIST Sustainability Index for Turkey and the Dow Jones Sustainability Korea Index for South Korea. ROE, ROA, ROS, and MV/BV were used as financial performance factors. Companies included in the KOSPI 100 index for South Korea and the BIST 100 index for Turkey were examined. Panel regression analysis and Generalized Method of Moments (GMM) analysis were performed to determine the effect of the past value of financial performance factors on their current value. The results show that the impact of sustainability performance on financial performance differs between South Korea and Turkey. In addition, the moderator variable has a significant effect only on ROA (return on assets) for Turkey and on ROE (return on equity) and ROS (return on sales) for South Korea. The results of the GMM analysis show that the past ROA and ROE values affect the current values statistically and positively for South Korea. For Turkey, the past ROE, ROS, and MV/BV (Market Value/Book Value) positively affect the current values. In addition to theoretical implications, implications for policy-makers and practitioners are also presented. Finally, this study provides significant insights for decision-makers and policy-makers to improve sustainability and corporate responsibility in financial and other similar settings.

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“…Ahmed et al ( 2021 ) applied Pareto analysis and rough-decision making trial and evaluation laboratory (rough-DEMATEL) method to identify the challenges in the education sector of Bangladesh due to COVID-19 and proposed 19 flexible strategies to combat these challenges. Sarker et al ( 2021 ) developed a sustainability performance assessment model for the leather industry integrating several MCDM tools, i.e. fuzzy AHP, simple additive weighting (SAW), TOPSIS, and fuzzy multi-criteria optimization and compromise solution (VIKOR).…”

Section: Literature Reviewmentioning

confidence: 99%

“…In this sampling technique, researchers choose respondents randomly based on respondents’ knowledge, expertise, and experience in the desired field (Guarte & Barrios, 2006 ). We found several previous studies that followed the purposive sampling technique to explore any problem from an industry standpoint (Masudin et al, 2021 ; Sarker et al, 2021 ).…”

Section: A Real-life Case Applicationmentioning

confidence: 99%