Sales Revenues and Corporate Sustainability Performance: an Efficiency Analysis of the 20 Top Companies Listed on the Warsaw Stock Exchange
| 09 jun 2023
Publicado en línea: 09 jun 2023
Páginas: 144 - 169
Recibido: 12 dic 2022
Aceptado: 08 mar 2023
DOI: https://doi.org/10.2478/foli-2023-0008
Palabras clave
© 2023 Agnieszka Matuszewska-Pierzynka, published by Sciendo
This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.
Research background
Generally, corporate sustainability studies focus on identifying the relationship between corporate sustainability performance and corporate financial performance among different companies without measuring the company’s efficiency based on sustainability pillar scores.
Purpose
The essential aim of this paper is to explain the differentiation of business efficiency in terms of corporate sustainability performance by answering the question of how sustainability pillar scores influence the relative efficiency of a company?
Research methodology
The empirical studies were conducted among the 20 top companies listed on the
Results
The research hypothesis, which states that more efficient companies are characterized by a higher level of sustainability in all its particular dimensions, cannot be positively verified, because a positive and statistically significant correlation dependence between the average efficiency measure and average sustainability pillar scores existed only for the governance dimension.
Novelty
The estimation of efficiency measure based on corporate sustainability performance has included not only environmental, social and governance dimensions, but also the economic one, which was represented by the long-term returns pillar score.