<abstract xmlns="http://www.w3.org/1999/xhtml">

<sec><h3>Research background</h3>
<p>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.</p>
</sec>
<sec><h3>Purpose</h3>
<p>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?</p>
</sec>
<sec><h3>Research methodology</h3>
<p>The empirical studies were conducted among the 20 top companies listed on the <italic>WSE</italic> for the period of 2019–2021 with the use of the <italic>Data Envelopment Analysis</italic> (<italic>DEA</italic>) and the Spearman’s rank correlation coefficient.</p>
</sec>
<sec><h3>Results</h3>
<p>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.</p>
</sec>
<sec><h3>Novelty</h3>
<p>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.</p>
</sec>
</abstract>

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 WSE for the period of 2019–2021 with the use of the Data Envelopment Analysis (DEA) and the Spearman’s rank correlation coefficient.

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.

Sales Revenues and Corporate Sustainability Performance: an Efficiency Analysis of the 20 Top Companies Listed on the Warsaw Stock Exchange

Department of International Business and Trade

Folia Oeconomica Stetinensia

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...

Sales Revenues and Corporate Sustainability Performance: an Efficiency Analysis of the 20 Top Companies Listed on the Warsaw Stock Exchange

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
sustainable development, corporate sustainability, scores, long-term returns pillar score, efficiency measure, ()

© 2023 Agnieszka Matuszewska-Pierzynka, published by Sciendo

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

Sales Revenues and Corporate Sustainability Performance: an Efficiency Analysis of the 20 Top Companies Listed on the Warsaw Stock Exchange

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 clavesustainable development, corporate sustainability, scores, long-term returns pillar score, efficiency measure, ()

© 2023 Agnieszka Matuszewska-Pierzynka, published by Sciendo

This work is licensed under the Creative Commons Attribution-ShareAlike 4.0 International License.

Palabras clave
sustainable development, corporate sustainability, scores, long-term returns pillar score, efficiency measure, ()