Performance predictions for sustainability governance of firms: implications to select Indian firms

IF 4.5 Q1 MANAGEMENT Benchmarking-An International Journal Pub Date : 2023-07-04 DOI:10.1108/bij-06-2022-0342
R. Rajesh
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引用次数: 2

Abstract

PurposeThe author aims to study and predict the sustainability governance performances of firms using an advanced grey prediction model. The case implication of the prediction model is also studied considering select firms in the Indian context.Design/methodology/approachThe author has proposed an advanced grey prediction model, the first-entry grey prediction model (FGM (1, 1)) for forecasting the sustainability governance performances of firms. The proposed model is tested using the periodic data of sustainability governance performances of 10 Indian firms.FindingsThe author observes that the majority of firms (6 out of 10) show dipping performances for sustainability governance for the future predicted period. This throws insights into the direction of improving good governance practices for Indian firms.Practical implicationsThe idea and motivation for sustainability-focussed governance need a bi-directional focus from the side of managers that act as the agents and from the side of shareholders that act as the principals, as seen from an agency theory perspective for sustainability governance.Social implicationsSustainability governance culture can be inculcated to a firm at the strategic level by having a bi-directional focus from managers and shareholders, so as to enhance the social and environmental sustainability performances.Originality/valueThe governance performance evaluations for firms particularly in developing countries were not dated back more than a decade or two. Hence, the author implements a prediction model that can be best suited, when there are small periodic data sets available for prediction.
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公司可持续性治理的绩效预测:对选择印度公司的启示
目的运用先进的灰色预测模型对企业的可持续治理绩效进行研究和预测。考虑到印度背景下的选定公司,还研究了预测模型的案例含义。设计/方法/方法作者提出了一种先进的灰色预测模型,即第一入口灰色预测模型(FGM(1,1)),用于预测企业的可持续治理绩效。利用10家印度企业可持续治理绩效的定期数据对所提出的模型进行了检验。作者观察到,大多数公司(10个中有6个)在未来预测期内的可持续治理表现下降。这为印度公司改善良好治理实践的方向提供了见解。实践启示从可持续治理的代理理论角度看,可持续治理的理念和动机需要从作为代理人的管理者和作为委托人的股东两方面进行双向关注。可持续治理文化可以通过管理者和股东的双向关注,在战略层面灌输给公司,从而提高社会和环境的可持续发展绩效。原创性/价值对公司特别是发展中国家公司的治理绩效评估的历史不超过一二十年。因此,作者实现了一个最适合的预测模型,当有小的周期数据集可用于预测时。
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来源期刊
CiteScore
10.40
自引率
16.10%
发文量
154
期刊介绍: Benchmarking is big news for companies committed to total quality programmes. Its enthusiastic reception by many prominent business figures has created high levels of interest in a technique which promises big rewards for co-operating partners. Yet, like total quality itself, it must be understood in its proper context, and implemented single mindedly if it is to be effective - this journal helps companies to decide if benchmarking is right for them, and shows them how to go about it successfully.
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