Int. J. of Applied Mathematics, Computational Science and Systems Engineering

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Article

Sustainable Corporate Performance: Interaction between Environmental, Social, Corporate Governance and Economic Indicators

Author(s): Alena Kocmanová, Jana Hornungová, Marie Dočekalová

Abstract: This paper looks at the interaction between environmental, social and governance (ESG) indicators and economic performance in relation to sustainable corporate performance (SCP) in companies from the Czech manufacturing industry. The aim of the empirical study and analysis is to test whether ESG performance indicators increase the economic performance of a company and thus lead to SCP. The interaction between ESG and economic performance indicators was tested in 79 Czech manufacturing companies with an established ISO 14 001 system. Data was acquired through empirical research in the Czech Republic, which was completed in 2011-2012. The analysis was performed using multiple linear regressions. The results show that the Czech companies in manufacturing industries do not exhibit a significant correlation between ESG performance, and economic performance.

Keywords: environmental, social, corporate governance, economic indicators; model; multiple linear regressions

Pages: 113-121

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