Acta Univ. Agric. Silvic. Mendelianae Brun. 2012, 60(7), 127-138 | DOI: 10.11118/actaun201260070127

Analysis and identification of joint performance measurement indicators: social and corporate governance issues

Zuzana Chvátalová1, Iveta Šimberová2
1 Ústav informatiky, Vysoké učení technické v Brně, Kolejní 2906/4, 612 00 Brno, Česká republika
2 Ústav managementu, Vysoké učení technické v Brně, Kolejní 2906/4, 612 00 Brno, Česká republika

This article presents selected initial results from the project 'Construction of Methods for Multifactorial Assessment of Company Complex Performance in Selected Sectors' carried out by a research team from the Faculty of Business and Management of Brno University Technology and Faculty of Business and Economics of Mendel University in Brno in 2011. The research focus is on the identification of joint areas of influence of social and corporate governance indicators. The authors consider such an approach is essential for the construction of tools for measuring corporate performance in selected sectors of CZ-NACE. It is argued that indicators should meet certain criteria such as relevance, accuracy, representativeness, measurability, usability, transparency, etc. The results presented in this article are from the first phase of the project which forms the basis for further investigation within subsequent phases of the project.

Keywords: social indicators, corporate governance indicators, key performance indicators, jointed indicators, research, ISO 26 000, IFAC, GRI
Grants and funding:

This paper is supported by the Czech Science Foundation. Name of the Project: Construction of Methods for Multifactor Assessment of Company Complex Performance in Selected Sectors. Reg. No. P403/11/2085.

Received: September 12, 2012; Published: July 2, 2013  Show citation

ACS AIP APA ASA Harvard Chicago IEEE ISO690 MLA NLM Turabian Vancouver
Chvátalová, Z., & Šimberová, I. (2012). Analysis and identification of joint performance measurement indicators: social and corporate governance issues. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 60(7), 127-138. doi: 10.11118/actaun201260070127
Share...
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. ASX Principles of Good Corporate Governance and Best Practices Recommendations, 2003: [online] [cit. 2012-02-06] Available from: http://asx.ice4.interactiveinvestor.com.au/ASX0301/Principles of Good Corporate Governance/EN/.
    2. BAKER, H. K., ANDERSON, R., 2010: Corporate Governance: A Synthesis of Theory, Research, and Practice. John Wiley & Sons, Inc. p. 5-6. Go to original source...
    3. BASSEN, A., KOVACS, A. M., 2008: Environmental, Social and Governance Key Performance Indicators from a Capital Market Perspective, Zeitschrift für Wirtschafts und Unternehmens ethik, 9, 2: 182-192, ISSN 1439-880X. Go to original source...
    4. CA, 2010: Environmental, Social and Governance (ESG) Issues in Institutional Investor Decision Making: [cit.2012-02-10]. Available from: http://www.cica.ca/publications/list-ofpublications/manual/item41881.pdf.
    5. CADBURY, A., 1992: In: Kavalíř, P.: Hodnocení corporate governance v České republice. Working Paper CES VŠEM. WorkingPaper CES VŠEM. [online]. No 14/2005. [cit.2012-02-06] Available from: s.2. (Corporate Governance Evaluation in the Czech Republic).
    6. CARROLL, A. B., 1999: Corporate Social Responsibility: Evolution of a Definitional Construct, BUSINESS & SOCIETY, 38, 3: 268-295, ISSN 0007-6503. DOI: 10.1177/000765039903800303 Go to original source...
    7. CFA Institute, 2008: Environmental, Social, and Governance Factorsat Listed Companies: A Manual for Investors. [cit.2012-02-10]. Available from:
    8. Combined Code [online]. Committee on Corporate Governance, 1998 [cit.2012-02-10]. Available from.
    9. Corporate Governance Defined [online]. [cit. 2012-02-06]. Available from:
    10. ELKINGTON, J., 2006: Governance for Sustainability, Corporate Governance: An International Review, Vol. 14, No. 6, pp. 522-529. DOI: 10.1111/j.1467-8683.2006.00527.x Go to original source...
    11. GARZ, H., SCHNELLA, F., FRANK, R., 2010: KPIs for ESG. A Guideline for the Integration of ESG into Financial Analysis and Corporate Validation. Version 3.0, Frankfurt, DVFA/EFFAS, Available from: http://www.dvfa.de/files/die_dvfa/kommissionen/non_financials/application/pdf/KPIs_ESG_FINAL.pdfGreenburyRecommendations [online]. Greenbury Committee, 1995 [cit. 2012-02-10]. Available from:
    12. Green Paper. [online]. [cit.2012-02-10]. Available from: http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2011:0164:FIN:EN:PDF.
    13. The Greenbury Report on Directors' Remuneration. Accessmylibrary.com [online]. [cit. 2012-02-10]. Available from: http://www.accessmylibrary.com/article-1G1-18298931/greenbury-reportdirectors-remuneration.html.
    14. HODINKA, M., ŠTENCL, M., HŘEBÍČEK, J., TRENZ, O., 2012: Currenttrends of Corporate Performance Reporting Tools and Methodology Design of Multifactor Measurement of Company Overall Performance. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2012, LX, No. 2, pp. 85-90, ISSN 1211-8516. DOI: 10.11118/actaun201260020085 Go to original source...
    15. HŘEBÍČEK, J., SOUKOPOVÁ, J., KUTOVÁ, E., 2010: Metodology Guideline. Proposal of Indicators for Environmental Reporting and AnnualReports of EMAS. (in Czech), Praha: Ministry of Environment of the Czech Republic, 26.
    16. HŘEBÍČEK, J., SOUKOPOVÁ, J., ŠTENCL, M., TRENZ, O., 2 011: Corporate Key Performance Indicators for Environmental Management and Reporting. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 59, 2: 99-108, ISSN 1211-8516.
    17. HŘEBÍČEK, J., SOUKOPOVÁ, J., ŠTENCL, M., TRENZ, O., 2011: Integration of Economic, Environmental, Social and Corporate Governance Performance and Reporting in Enterprises. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 59, 7: 157-177, ISSN 1211-8516. DOI: 10.11118/actaun201159070157 Go to original source...
    18. HŘEBÍČEK, J., POPELKA, O., ŠTENCL, M., TRENZ, O., 2012: Corporate Performance Indicators for Agriculture and Food Processing Sector. Acta univ. agric. et silvic. Mendel. Brun., 2012, LX, No. 4, pp. 121-132. DOI: 10.11118/actaun201260040121 Go to original source...
    19. CHVÁTALOVÁ, Z., KOCMANOVÁ, A., DOČEKALOVÁ, M., 2011: Corporaten Sustainability Reporting and Measuring Corporate Performance, In: Environmental So_ ware Systems. Frameworks of eEnvironment. 9th IFIP WG 5.11 International Symposium. ISESS 2011. Heidelberg: Springer, 398-406, ISBN 978-3-642-22284-9. Go to original source...
    20. IFAC, 2012: Investor Demand for Environmental, Social and Governance Disclosures: http://www.ifac.org/publications-resources/investordemand-environmental-social-and-governancedisclosures.
    21. KAVALÍŘ, P., 2005: Hodnoceni corporate governance v České republice. Centrum ekonomických studií VŠEM, Working Paper CES VŠEM No. 14/2005. ISSN 1801-2728. (Evaluation of Corporate Governance in the Czech Republic).
    22. KISLINGEROVÁ, E., NOVÝ, I. et al., 2005: Chování podniku v globalizujícím se prostředí. Praha: C.H. Beck, pp. 55-64. (Corporate Conduct in Globalizing Environment).
    23. KLÍROVÁ, J., 2001: Corporate Governance správa a řízení obchodních společností. Praha: Management Press, 2001. 119 s. ISBN 80-7175-140-5. (Corporate Governance and Management of CommercialCompanies).
    24. KLÍROVÁ, J., KAVALÍŘ, P., 2004: Demand for Education in Corporate Governance on Increase. Acta Oeconomica Pragensia, No. 5, 13-21. ISSN 0572-3043.
    25. KOCMANOVÁ, A., NĚMEČEK, P., 2009: Economic, Environmental and Social Issues and Corporate Governance in Relation to Measurement of Company Performance. In: Liberec Economic Forum Liberec: Technical University in Liberec, Faculty of Economics, 2009. pp. 177-187.
    26. KOCMANOVÁ, A., HORNUNGOVÁ, J., KLÍMKOVÁ, M., 2010: Impact of Economic, Social and Environmental Performance on Sustainable Development in the Czech Republic. In: The 15th International Business Information Management Conference (IBIMA) Cairo Egypt. The American University in Cairo School of Business: IBIMA USA. p. 722-730.
    27. KOCMANOVÁ, A., DOČEKALOVÁ, M., NĚMEČEK, P., ŠIMBEROVÁ, I., 2011: Sustainability: Environmental, Social and Corporate Governance Performance in Czech SMEs. In: The 15th World Multi-Conference on Systemics, Cybernetics and Informatics. 2011. IFSR, Orlando, USA: WMSCI 2011, Orlando, USA, pp. 94-99.
    28. KOCMANOVÁ, A., DOČEKALOVÁ, M., 2011: Environmental, Social and Economic Performance and Sustainability in SMEs. In: Liberec Economic Forum 2011. Technical University of Liberec, Czech Republic: Technical University of Liberec, Czech Republic. p. 242-252. ISBN 978-80-7372-755-0.
    29. KOCMANOVÁ, A., DOČEKALOVÁ, M., 2012: Construction of the Economic Indicators of Performance in Relation to Environmental, Social and Corporate Governance (ESG) Factors. Acta univ. agric. et silvic. Mendel. Brun., 2012, LX, No. 4, pp. 195-206. DOI: 10.11118/actaun201260040195 Go to original source...
    30. LETZA, S., SUN, X., KIRKBRIDE, J., 2004: Shareholding Versus Stakeholding: a Critical Review of Corporate Governance. Corporate Governance. Vol. 12, No. 3, July 2004, pp. 242-262. DOI: 10.1111/j.1467-8683.2004.00367.x Go to original source...
    31. MURPHY, A., TOPYAN, K., 2005: Corporate Governance: A Critical Survey of Key Concepts, Issues, and Recent Reforms in the US. Employee Responsibilities and Rights Journal, Vol. 17, No. 2, June 2005, DOI: 10.1007/s10672-005-3879-z. DOI: 10.1007/s10672-005-3879-z Go to original source...
    32. Principy OECD pro správu a řízení společností (Corporate Governance). Ministerstvo zahraničních věcí [online]. [cit. 2011.03-11]. Available from: (OECD Principles for Corporate Governance and Management (Corporate Governance). Ministry of Foreign Affairs).
    33. RITSCHELOVÁ, I., SIDOROV, E., HÁJEK, M., HŘEBÍČEK, J., 2009: Corporate Environmental Reporting in the Czech Republic and its Relation to Environmental Accounting at Macro Level. In: 11th Annual EMAN Conference on Sustainability and Corporate Responsibility Accounting. Measuring and Managing Business Benefits. Budapest: AULA, 55-60, ISBN 978-963-503-370-6.
    34. SCHALTEGGER, S., WAGNER, M., 2006: Managing Sustainability Performance Measurement and Reporting in an Integrated Manner, Sustability Accounting as the Link between the Sustainability Balanced Scorcared and Sustainability Reporting. Dordrecht: Springer, 681-697. ISBN -101-4020-4973-0. Go to original source...
    35. The Financial Aspects of Corporate Governance [online] The Committee on the Financial Aspects of Corporate Governance, 1992 [cit. 2012-02-09]. Dostupný z:
    36. What is Corporate Governance? Defining Corporate Governance. [online] [cit.2012-02-06] Available from: http://www.ifc.org/ifcext/cacgp.nsf/Content/HomeCG.

    This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content