Multidimensional comprehensive corporate sustainability performance evaluation model: Evidence from an emerging market banking sector

Aras, Güler; Tezcan, Nuray; Furtuna, Özlem Kutlu

doi:10.1016/j.jclepro.2018.01.175

Cited by 84 publications

(69 citation statements)

References 36 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Similarly, Bank L was the only bank that improved in 2017 with respect to 2015 for the three weights. We confirm our first hypothesis: the Polish banks did not have a relatively high level of involvement with sustainable development, a result in line with previous studies [20][21][22][23][24][25][26].…”

Section: Resultssupporting

confidence: 92%

“…The performance scores reveal that each bank has different performance scores each year. Aras et al (2018) [25] conclude that improving performance in all dimensions provides a more substantial contribution to the bank's overall score and ranking than having the highest score in one or more dimensions.…”

Section: Literature Reviewmentioning

confidence: 94%

“…Banks are more focused on addressing the social dimension of sustainability than on important dimensions of sustainable banking such as environmental management, development of green products and services and sustainability reporting. Aras et al (2018) [25] investigate multidimensional corporate sustainability practices and establish a corporate sustainability performance evaluation model for Turkish banks. They analyse 12 sustainability reports published by four Turkish deposit banks from 2012 to 2014 covering the dimensions of economic, environmental, social governance and financial corporate sustainability.…”

Section: Literature Reviewmentioning

confidence: 99%

See 2 more Smart Citations

Sustainability Performance. A Comparative Analysis in the Polish Banking Sector

Korzeb

Samaniego‐Medina

2019

Sustainability

View full text Add to dashboard Cite

This article analyses the Polish banking sector’s involvement with sustainable development through a multidimensional evaluation applying the technique for order preference by similarity ideal solution (TOPSIS) method with different weight vectors. Our results highlight numerous shortcomings in the sustainability performance of commercial banking activities. In fact, there was backsliding during the analysed period (2015–2017), which suggests that supporting sustainability performance was not one of the priorities of the Polish banking sector. However, we found a dichotomy between national and foreign banks. The government-owned banks and national banks showed greater commitment to this issue than did the banks with foreign capital. This finding suggests that banks with foreign capital were not fully interested in sponsoring activities aimed at sustainable development.

show abstract

Section: Resultssupporting

confidence: 92%

Section: Literature Reviewmentioning

confidence: 94%

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Sustainability Performance. A Comparative Analysis in the Polish Banking Sector

Korzeb

Samaniego‐Medina

2019

Sustainability

View full text Add to dashboard Cite

show abstract

“…In particular, in this paper we analyze two topics which are widely discussed in the literature: Sustainability Disclosure (SD) and Sustainability Performance (SP). Many authors have tried to measure them quantitatively, using different tools to do so for both SD [4] and SP [5][6][7][8][9], and classifying companies according to their sustainability [10]. More specifically, we will consider how to quantitatively measure both topics, which we will argue when developing both the theoretical constructs and the hypotheses.…”

Section: Introductionmentioning

confidence: 99%

Relationship between Sustainable Disclosure and Performance—An Extension of Ullmann’s Model

Pajuelo-Moreno

Duarte-Atoche

2019

Sustainability

View full text Add to dashboard Cite

Due to the lack of consensus on the Sustainable Disclosure (SD)–Sustainable Performance (SP) relationship and the absence of a robust theoretical framework base, this research tests this relationship. Based on Ullmann’s argument that the execution of corporate responsibility regarding SD, SP and EP (economic performance) is determined by the management’s (unobservable) overall strategy, we apply Partial Least Squares, introducing EP, size and membership in sensitive sectors and subjecting them to a multiplicity of external pressures (social, environmental and legislative) as determinants of the SD–SP link. There is a moderate SD–SP relationship, with a significant effect due to EP and conditioned by size. Specifically, (1) the companies that are concerned and which act sustainably have a higher SD, (2) the greater the EP, the greater its effect on this SD, but (3) when the sample is segmented by size, the moderating effect is only positive and significant for large companies. An awareness of the added value of the sustainable business model exists, more than simply reporting (actions beyond words), but the value that its profitability yields will not be determinant for SP, though it will affect SD, despite there being no direct relationship between performance and SD.

show abstract

“…But, still, a lot of advantages (Omann, Spangenberg, 2002) and benefits is provided by social and environmental indicators to the sustainability of financial systems (Ruiviejo, Morales, 2016). For example, by taking into account social and environmental aspects, investors minimise risk and create long-term value (Aras et al, 2018). The social and environmental indicators help to analyse social satisfaction, social involvement in the financial system, the distribution of income, the…”

Section: Indicators Of Financial Systemmentioning

confidence: 99%

Financial System Sustainability Assessment Model Creation

Stankevičienė

Nikanorova

2019

Trends Economics and Management

View full text Add to dashboard Cite

Purpose of the article:The article is devoted to analyse the sustainability in the financial system. Sustainability in financial systems leads to the financial institution's positive economic performance during the financial crisis. The sustainable financial system must keep the country's economy healthy, effective, and profitable, and this is one of the tasks the answer to which still is looked for. Methodology/methods: The article includes the observation of financial system sustainability approach, the analysis of the financial system structure, architecture, and soundness. In addition, positive and negative impacts of sustainability on financial systems are discussed. The literature analysis, comparison methods, quantitative analysis, the multiple objective optimization MULTIMOORA method, and the graphical representation were used in the article. Based on the MULTIMOORA method and the indicators of sustainability, the model to measure sustainability is implemented. Scientific aim: The main goal of this article is to create and adopt a model of sustainability in the financial system measurement. Findings:The results show that sustainability in financial systems helps the financial institution to maintain positive economic performance even in the crisis time. Conclusions: Sustainability of the financial system is measured according to the sustainability approach; the interaction of economic, social and environmental aspects should be considered. The multiple objective optimization was used to obtain sustainability in the financial system and the MULTIMOORA method was selected for the analysis of the financial system sustainability. For the analysis, 10 countries were selected, which joined the European Union in 2004, in other words, named as "A10" countries. MULTIMOORA proved that the financial system is a complex system, with interrelations between objectives and alternatives that are taken into account at the same time and ,different values of the indicators, representing a particular group of indicators.

show abstract

Multidimensional comprehensive corporate sustainability performance evaluation model: Evidence from an emerging market banking sector

Cited by 84 publications

References 36 publications

Sustainability Performance. A Comparative Analysis in the Polish Banking Sector

Sustainability Performance. A Comparative Analysis in the Polish Banking Sector

Relationship between Sustainable Disclosure and Performance—An Extension of Ullmann’s Model

Financial System Sustainability Assessment Model Creation

Contact Info

Product

Resources

About