+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Economic Analysis: Theory and Practice
 

Methodological approaches and tools to analyze the sustainable development of a company

Vol. 18, Iss. 9, SEPTEMBER 2019

Received: 10 June 2019

Received in revised form: 10 July 2019

Accepted: 25 July 2019

Available online: 30 September 2019

Subject Heading: INTEGRATED ECONOMIC-SOCIO-ECOLOGICAL ANALYSIS

JEL Classification: C51, C81, D01, M14, O12

Pages: 1667–1686

https://doi.org/10.24891/ea.18.9.1667

Zenkina I.V. Financial University under Government of Russian Federation, Moscow, Russian Federation
zenkina_iv@mail.ru

ORCID id: not available

Subject The article addresses methodological approaches and tools for integrated analysis of sustainable development of organizations that are aligned with the tasks of qualitative justification and evaluation of decision implementation to achieve environmental and corporate social responsibility coupled with management efficiency and economic performance.
Objectives The aim is to define methodological tools for the analysis of organization's sustainable development to ensure high quality of its implementation and clarify sustainable development criteria.
Methods The research draws on analysis and synthesis, generalization, comparison, abstraction, analogy, and historical, logical and systems approaches.
Results I offer priority directions and disclose the main stages of integrated analysis of organization’s sustainable development. The paper generalizes findings on methodological approaches to the analysis of stakeholders, formulates criteria for organization’s sustainable development that are ranked depending on progress, gives reasons for an approach to assess the level of sustainable development on the basis of predefined criteria, which are implemented in the sustainable development maturity matrix.
Conclusions My conclusions and proposals are focused on evaluation of organization's performance in terms of its compliance with the interests and expectations of stakeholders, the conformity of its strategy with goals and objectives in the field of sustainable development, and on the progress towards the goals and achievement of key performance indicators by each component of sustainable development.

Keywords: sustainable development, stakeholder analysis, sustainable development analysis tool, maturity matrix

References:

  1. Windolph S.E., Schaltegger S., Herzig C. Implementing Corporate Sustainability. Sustainability Accounting, Management and Policy Journal, 2014, vol. 5, iss. 4, pp. 378–404. URL: Link
  2. Schaltegger S., Burritt R. Corporate Sustainability Accounting. A Catchphrase for Compliant Corporations or a Business Decision Support for Sustainability Leaders? In: S. Schaltegger, M. Bennett and R. Burrit (eds) Sustainability Accounting and Reporting. Springer, Dordrecht, 2006, pp. 37–60. URL: Link
  3. Gray R. A Re-Evaluation of Social, Environmental and Sustainability Accounting. Sustainability Accounting, Management and Policy Journal, 2010, vol. 1, iss. 1, pp. 11–32. URL: Link
  4. Lyubushin N.P., Babicheva N.E., Lylov A.I. [Economic analysis of business entities' sustainable development under cyclicality]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2018, vol. 17, iss. 1, pp. 4–17. (In Russ.) URL: Link
  5. Herzig C., Schaltegger S. Corporate Sustainability Reporting. An Overview. In: S. Schaltegger, M. Bennett, R. Burrit (eds) Sustainability Accounting and Reporting. Springer, Dordrecht, 2006, pp. 301–324. URL: Link
  6. Guidry R.P., Patten D.M. Market Reactions to the First Time Issuance of Corporate Sustainability Reports. Sustainability Accounting, Management and Policy Journal, 2010, vol. 1, iss. 1, pp. 33–50. URL: Link
  7. Adams C.A. Sustainability Reporting and Performance Management in Universities. Sustainability Accounting, Management and Policy Journal, 2013, vol. 4, iss. 3, pp. 384–392. URL: Link
  8. Cebrián G., Grace M., Humphris D. Organisational Learning towards Sustainability in Higher Education. Sustainability Accounting, Management and Policy Journal, 2013, vol. 4, iss. 3, pp. 385–306. URL: Link
  9. Schaltegger S., Wagner M. Managing Sustainability Performance Measurement and Reporting in an Integrated Manner. Sustainability Accounting as the Link between the Sustainability Balanced Scorecard and Sustainability Reporting. In: S. Schaltegger, M. Bennett, R. Burrit (eds) Sustainability Accounting and Reporting. Springer, Dordrecht, 2006, pp. 681–698. URL: Link
  10. Endovitskii D.A., Panina I.V., Pankratova M.V. [Corporate sustainability as a response to civilizational challenges: An analysis of the content]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2017, vol. 16, iss. 6, pp. 1043–1060. (In Russ.) URL: Link
  11. Mook L. Integrating and Reporting an Organisation’s Economic, Social and Environmental Performance. The Expanded Value Added Statement. In: S. Schaltegger, M. Bennett, R. Burrit (eds) Sustainability Accounting and Reporting. Springer, Dordrecht, 2006, pp. 281–298. URL: Link
  12. Schaltegger S., Wagner M. Integrative Management of Sustainability Performance, Measurement and Reporting. International Journal of Accounting, Auditing and Performance Evaluation, 2006, vol. 3, iss. 1, pp. 1–19. URL: Link
  13. Zenkina I.V. [Increasing the informative and analytical value of public non-financial reporting]. Mezhdunarodnyi bukhgalterskii uchet = International Accounting, 2019, vol. 22, iss. 1, pp. 4–23. (In Russ.) URL: Link
  14. Arnold M., Bassen A., Frank R. Integrating Sustainability Reports into Financial Statements: An Experimental Study, 2012. URL: Link
  15. Efimova O.V. [Integrating the aspects of sustainable development into the investment decision validation process]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2018, vol. 17, iss. 1, pp. 48–65. (In Russ.) URL: Link
  16. Eccles R.G., Saltzman D. Achieving Sustainability through Integrated Reporting. Stanford Social Innovation Review, 2011, vol. 9, iss. 3, pp. 56–61. URL: Link-...
  17. Eccles R.G., Krzus M.P., Ribot S. Models of Best Practice in Integrated Reporting 2015. Journal of Applied Corporate Finance, 2015, vol. 27, iss. 2, pp. 103–115. URL: Link
  18. Voronin V.P., Panina I.V. [Analysis of the relationship of the corporation performance evaluation and the interests of stakeholders]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2016, no. 28, pp. 11–20. URL: Link (In Russ.)
  19. Endovitskii D.A., Lyubushin N.P., Babicheva N.E., Kupryushina O.M. [From the assessment of organization's financial standing to the integrated methodology for analysis of sustainable development]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2016, no. 12, pp. 42–65. URL: Link (In Russ.)
  20. Tret'yakova E.A., Alferova T.V. [Improving the methodological tools to evaluate the sustainable development of industrial enterprises]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2016, no. 9, pp. 86–99. URL: Link (In Russ.)
  21. Kogdenko V.G., Mel'nik M.V. [Modern trends in business analysis: Studying the company's ecosystem, reviewing the business model's information content, evaluating growth opportunities]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2017, vol. 16, iss. 10, pp. 1878–1897. (In Russ.) URL: Link
  22. Perskii Yu.K., Lepikhin V.V. [Methodological approaches to the evaluation of enterprise's sustainability as an eco-socio-economic system]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2014, no. 39, pp. 14–22. URL: Link (In Russ.)
  23. Mitchell R.K., Agle B.R., Wood D.J. Toward a Theory of Stakeholder Identification and Salience: Defining the Principle of Who and What Really Counts. The Academy of Management Review, 1997, vol. 22, iss. 4, pp. 853–886. URL: Link
  24. Kogdenko V.G. [Investigating company risks within the framework of the stakeholder approach to analysis]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2018, vol. 17, iss. 6, pp. 1051–1072. (In Russ.) URL: Link
  25. Zenkina I.V. [Methodological basis and tools for strategic analysis of the company's operation]. Audit i finansovyi analiz = Audit and Financial Analysis, 2013, no. 1, pp. 106–116. URL: Link (In Russ.)

View all articles of issue

 

ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

Vol. 23, Iss. 3
March 2024

Archive