当前位置: X-MOL 学术Bus. Strategy Environ. › 论文详情
Our official English website, www.x-mol.net, welcomes your feedback! (Note: you will need to create a separate account there.)
How does stakeholder engagement through environmental, social, and governance affect eco-efficiency and profitability efficiency? Zooming into Apple Inc.'s counterparts
Business Strategy and the Environment ( IF 13.4 ) Pub Date : 2022-06-02 , DOI: 10.1002/bse.3162
Wen-Min Lu, Qian Long Kweh, Irene Wei Kiong Ting, Chunya Ren

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.

中文翻译:

利益相关者通过环境、社会和治理的参与如何影响生态效率和盈利效率?放大苹果公司的同行

随着全球生态退化的加剧,环境保护与生产效率之间出现了权衡,以实现环境、社会和企业自身的可持续发展。然而,环境、社会和治理 (ESG) 与企业效率之间潜在的反向因果关系可能会导致混乱。本研究在第一阶段估算苹果公司价值链同行的生态效率,在第二阶段效率评估中创造价值和盈利能力。从 (i) 两阶段数据包络分析 (DEA) 中的方向距离函数、(ii) 加性效率分解两阶段网络 DEA 模型和 (iii) 基于网络松弛的测量模型获得的结果是一致的。那是,Apple 同行管理的生态效率高于盈利效率,这意味着生态效率是他们的竞争优势。因此,我们还进行了回归分析,以检验 Apple 同行的 ESG 评级如何解释其生态效率和盈利效率。尽管整体 ESG 评级对效率有积极的解释,但我们发现个别治理评级没有显示出统计上的显着影响。回归结果让从业者深入了解投资于公司对社会和环境治理的集体责任感的三个方面的重要性。本文综合企业的生态效率和盈利效率来解决环境问题和生产效率之间的冲突。它还深入分析了 ESG 及其三个单独因素对生态、盈利能力和平均效率的影响。研究方法的多样性也为未来企业效率相关研究提供了新的思路。
更新日期:2022-06-02
down
wechat
bug