Data envelopment analysis (DEA) and financial ratios: A pro-stakeholders' view of performance measurement for sustainable value creation of the wind energy

Επιστημονική δημοσίευση - Άρθρο Περιοδικού uoadl:2977983 32 Αναγνώσεις

Μονάδα:
Ερευνητικό υλικό ΕΚΠΑ
Τίτλος:
Data envelopment analysis (DEA) and financial ratios: A pro-stakeholders' view of performance measurement for sustainable value creation of the wind energy
Γλώσσες Τεκμηρίου:
Αγγλικά
Περίληψη:
Purpose: The purpose of the paper is to explore business performance in a rather sensitive sector that equally combines economic, environmental and social dimensions. The paper investigates the efficiency of wind farm companies, in a framework of pursuing more diverse stakeholders' interests Design/Methodology/Approach: Ratios and DEA approaches are combined to measure economic efficiency among the DMUs of a sample of wind farms, using data from their financial statements. Findings: Productivity and effectiveness comprise the performance measured by the economic efficiency. We show that by choosing inputs and outputs that are closely related in forming an appropriate financial ratio, it helps to design and explain more fully the impact of a policy intervention aiming at improving economic efficiency. DEA supplements ratios to design, implement and assess a strategy of benchmarking towards bolstering performance, that favors a wider range of stakeholders. Originality/Value: The study provides an in-depth insight into using Data Envelopment Analysis and financial ratios to study economic efficiency. The approach combines economic, social and environmental dimensions (indirectly) of performance, and the composite ratio Return on Total Assets (ROTA). The analysis caters the specific features of the sector renewable energy and their diverse stakeholders. © 2020 International Strategic Management Association. All rights reserved.
Έτος δημοσίευσης:
2020
Συγγραφείς:
Curtis, P.G.
Hanias, M.
Kourtis, E.
Kourtis, M.
Περιοδικό:
International Journal of Economics and Business Administration
Εκδότης:
International Strategic Management Association
Τόμος:
8
Αριθμός / τεύχος:
2
Σελίδες:
326-350
Επίσημο URL (Εκδότης):
DOI:
10.35808/ijeba/465
Το ψηφιακό υλικό του τεκμηρίου δεν είναι διαθέσιμο.