Technical efficiency of car manufacturers under environmental and sustainability pressures: A Data Envelopment Analysis approach

Stefanoni, Silvia; Voltes-Dorta, Augusto

doi:10.1016/j.jclepro.2021.127589

Cited by 24 publications

(25 citation statements)

References 33 publications

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“…In other words, this result reflects that, in the DDF, AED, and NSBM models, Apple counterparts, such as customers, suppliers, and partners, manage their eco-efficiency more effectively than they do in the profitability stage. This finding is in line with that ofStefanoni and Voltes-Dorta (2021), which finds that technical efficiency adjusted by ESG is higher than traditional efficiency in the 33 global car manufacturers from 2014 to 2017. The consequence is that ESG has a catalytic influence on firm efficiency.…”

supporting

confidence: 89%

“…In the prior literature, large businesses are more efficient than small businesses because they are more resourceful and have the ability to integrate resources and adjust promptly (Mazumder & Adhikary, 2010). Firm size shows a significant influence on traditional no-ESG-and ESG-related firm efficiency (Stefanoni & Voltes-Dorta, 2021). ROA is an accounting-based ratio, which is calculated as the ratio of net income to total assets.…”

Section: Regression Modelsmentioning

confidence: 99%

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How does stakeholder engagement through environmental, social, and governance affect eco‐efficiency and profitability efficiency? Zooming into Apple Inc.'s counterparts

Kweh

Ting

et al. 2022

Bus Strat Env

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As global ecological degradation intensifies, a trade‐off has arisen between environmental protection and production efficiency to achieve sustainable development for the environment, society, and the company itself. However, the potential reverse causality relationship between environmental, social, and governance (ESG) and corporate efficiency may lead to confusion. This study estimates the eco‐efficiency of Apple Incorporated's value‐chain counterparts in the first stage and creates values and profitability in the second stage of efficiency evaluation. Results obtained from the (i) directional distance function in the two‐stage data envelopment analysis (DEA), (ii) additive efficiency decomposition two‐stage network DEA model, and (iii) network slacks‐based measure model are consistent. That is, Apple counterparts manage more efficient eco‐efficiency than profitability efficiency, implying that eco‐efficiency is their competitive advantage. We thus also run a regression analysis to examine how the ESG ratings of Apple counterparts explain their eco‐efficiency and profitability efficiency. Although the overall ESG rating positively explains the efficiencies, we found that the individual governance rating shows no statistically significant effect. The regression results provide insight for practitioners on the importance of investing in the three aspects of a firm's collective conscientiousness for societal and environmental governance. This paper integrates companies' eco‐efficiency and profitability efficiency to resolve the conflict between environmental issues and production efficiency. It also analyzes in depth the effects of ESG and its three individual factors on eco‐, profitability, and average efficiencies. The diversity of research methods also provides new ideas for future research related to firm efficiency.

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supporting

confidence: 89%

Section: Regression Modelsmentioning

confidence: 99%

How does stakeholder engagement through environmental, social, and governance affect eco‐efficiency and profitability efficiency? Zooming into Apple Inc.'s counterparts

Kweh

Ting

et al. 2022

Bus Strat Env

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“…The theory of corporate governance supports the influence of governance variables on company competitiveness, commonly referred to as corporate governance theory proposed by Covin & Slevin, (1989) that the advantage of a competitive company is always determined by good corporate governance. Previous research relevant to this research is the result of research from (Liu et al, 2019;Stefanoni & Voltes-Dorta, 2021), Michael Beer (2003, and James Thomas Kunnanatt (2007). The influence of integrated quality management variables on company competitiveness is supported by the global challenge theory proposed by Murphy (2006:118) that the challenge of globalization for companies is quality.…”

Section: Literature Reviewmentioning

confidence: 99%

The Effect of Corporate Governance, Integrated Quality Management and Social Responsibility on Competitiveness and Operational Performance

Junaidi

2022

GRMAPB

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The purpose of this study is to analyze the effect of corporate governance, integrated quality management, and social responsibility on the competitiveness of manufacturing companies, analyze. The study was conducted on manufacturing companies with a population of 43 companies and determined a sample of 129 employees as respondents. The data from the questionnaire were analyzed using the SEM-AMOS. The study's results found social responsibility had insignificant effect on the competitiveness. This is because responsibility tends to be a moral spirit of the company which is not too related to the competitiveness that the company wants to achieve, so social responsibility in the form of environmental, social, economic, stakeholder, and voluntary dimensions has an insignificant impact on the company's competitiveness. Social responsibility has a positive and negative effect on the competitiveness. Besides that, social responsibility is related to the worker's social spirit and the social environment. Social responsibility has insignificant effect on the competitiveness. This is because the actualization of social responsibility is not directly related to competitiveness and improving corporate performance. Responsibility tends to be oriented towards aspects of worker psychology and working environment conditions, while competitiveness and operational performance are oriented towards achieving the results of the company's work.

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“…Among other things, they found that state-owned companies are less efficient than private companies. Stefanoni and Voltes-Dorta [3] evaluated the efficiency of companies in the automotive sector from a global perspective. Their results point to higher efficiency of European producers compared to Asian and American competitors.…”

Section: Introductionmentioning

confidence: 99%

Efficiency of the Automotive Industry in the Visegrad Group

Kovárník

Staňková

2023

LOGI – Scientific Journal on Transport and Logistics

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This article assesses the production efficiency of automotive sector companies in the V4 countries. The automotive sector has undergone dramatic changes in recent years, and its future development is still unclear. The assessment of company efficiency thus represents an important tool that could support decision-making on the future of this sector. Unfortunately, comprehensive studies based on micro-data on companies are not yet available. This article evaluates production (technical) efficiency based on accounting data of individual companies in the V4 countries using the parametric method of stochastic frontier analysis. In these analyses, efficiency is examined not only from the point of view of a country but also with respect to the size of a company. The empirical results show that not only country but also the size of a company are factors that have a statistically significant effect on company efficiency. Small companies struggle to keep up with their competitor and in general have the lowest efficiency ratings.

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Technical efficiency of car manufacturers under environmental and sustainability pressures: A Data Envelopment Analysis approach

Cited by 24 publications

References 33 publications

How does stakeholder engagement through environmental, social, and governance affect eco‐efficiency and profitability efficiency? Zooming into Apple Inc.'s counterparts

How does stakeholder engagement through environmental, social, and governance affect eco‐efficiency and profitability efficiency? Zooming into Apple Inc.'s counterparts

The Effect of Corporate Governance, Integrated Quality Management and Social Responsibility on Competitiveness and Operational Performance

Efficiency of the Automotive Industry in the Visegrad Group

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