Strategic corporate sustainability performance of Chinese state-owned listed firms: A meta-frontier generalized directional distance function approach

Title
Strategic corporate sustainability performance of Chinese state-owned listed firms: A meta-frontier generalized directional distance function approach
Authors
최용록
Keywords
Corporate sustainability performance, Generalized directional distance function, Chinese state-owned listed firms, Data envelopment analysis, Meta-frontier approach
Issue Date
2015-09
Publisher
THE SOCIAL SCIENCE JOURNAL
Series/Report no.
THE SOCIAL SCIENCE JOURNAL ; Vol52 no.3 Startpage 300 Endpage 310
Abstract
Although sustainability recently became a key factor in social science, little progress has been made toward improving the measurement of sustainability performance. This paper proposes composite corporate sustainability performance indicators using a meta-frontier generalized directional distance function. This advanced approach can measure the efficiency of corporate social responsibility activities by benchmarking, while simultaneously considering industrial heterogeneities, using the meta-frontier approach. First, we propose the concept of a meta-frontier generalized directional distance function. Second, several standardized composite indicators related to corporate sustainability performance are developed. The meta-frontier directional distance function is estimated by solving a series of data envelopment analysis models. Chinese state-owned listed enterprises are then empirically examined using the proposed model. We find significant group heterogeneities in terms of corporate sustainability performance. We also derive some policy implications using the empirical results.
URI
https://www.sciencedirect.com/science/article/pii/S0362331913001055
http://dspace.inha.ac.kr/handle/10505/55460
ISSN
0362-3319
Appears in Collections:
College of Business Administration (경영대학) > International Trade (국제통상학) > Journal Papers, Reports(국제통상학 논문, 보고서)
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