article.page.titleprefix
How does stakeholder engagement through environmental, social, and governance affect eco-efficiency and profitability efficiency? Zooming into Apple Inc.'s counterparts

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dc.contributor.authorLu, Wen-Min
dc.contributor.authorKweh, Qian Long
dc.contributor.authorTing, Irene Wei Kiong
dc.contributor.authorRen, Chunya
dc.date.accessioned2022-06-30T07:03:58Z
dc.date.available2022-06-30T07:03:58Z
dc.date.issued2023-01
dc.description.abstractAs global ecological degradation intensifies, a trade-off has arisen between environmental protection and production efficiency to achieve sustainable development for the environment, society, and the company itself. However, the potential reverse causality relationship between environmental, social, and governance (ESG) and corporate efficiency may lead to confusion. This study estimates the eco-efficiency of Apple Incorporated's value-chain counterparts in the first stage and creates values and profitability in the second stage of efficiency evaluation. Results obtained from the (i) directional distance function in the two-stage data envelopment analysis (DEA), (ii) additive efficiency decomposition two-stage network DEA model, and (iii) network slacks-based measure model are consistent. That is, Apple counterparts manage more efficient eco-efficiency than profitability efficiency, implying that eco-efficiency is their competitive advantage. We thus also run a regression analysis to examine how the ESG ratings of Apple counterparts explain their eco-efficiency and profitability efficiency. Although the overall ESG rating positively explains the efficiencies, we found that the individual governance rating shows no statistically significant effect. The regression results provide insight for practitioners on the importance of investing in the three aspects of a firm's collective conscientiousness for societal and environmental governance. This paper integrates companies' eco-efficiency and profitability efficiency to resolve the conflict between environmental issues and production efficiency. It also analyzes in depth the effects of ESG and its three individual factors on eco-, profitability, and average efficiencies. The diversity of research methods also provides new ideas for future research related to firm efficiency. © 2022 ERP Environment and John Wiley & Sons Ltd.
dc.description.sponsorshipUniversiti Malaysia Pahang (University Research Grant Scheme RDU223303).
dc.identifier.citationLu, W.-M., Kweh, Q. L., Ting, I. W. K., & Ren, C. (2023). How does stakeholder engagement through environmental, social, and governance affect eco-efficiency and profitability efficiency? Zooming into Apple Inc.'s counterparts. Business Strategy and the Environment, 32(1), 587–601. https://doi.org/10.1002/bse.3162
dc.identifier.issn09644733
dc.identifier.urihttps://doi.org/10.1002/bse.3162
dc.identifier.urihttp://hdl.handle.net/20.500.12519/679
dc.language.isoen_US
dc.publisherJohn Wiley and Sons Ltd
dc.relationAuthors Affiliations : Lu, W.-M., Department of International Business Administration, Chinese Culture University, Taipei, Taiwan; Kweh, Q.L., Faculty of Management, Canadian University Dubai, Dubai, United Arab Emirates; Ting, I.W.K., Faculty of Industrial Management, Universiti Malaysia Pahang, Pahang, Malaysia; Ren, C., Faculty of Industrial Management, Universiti Malaysia Pahang, Pahang, Malaysia
dc.relation.ispartofVolume 32, Issue 1,
dc.relation.ispartofseriesBusiness Strategy and the Environment
dc.rightsLicense to reuse the abstract has been secured from John Wiley and Sons and Copyright Clearance Center.
dc.rights.holderCopyright : © 2022 ERP Environment and John Wiley & Sons Ltd.
dc.rights.licenseLicense Number: 5342520069987 License date: Jul 05, 2022
dc.rights.urihttps://s100.copyright.com/MyAccount/viewLicenseDetails?ref=8a459027-9ef6-4999-9bc8-e4fe920f5b2e
dc.subjectApple Incorporated
dc.subjectdata envelopment analysis
dc.subjecteco-efficiency
dc.subjectenvironmental, social, and governance
dc.subjectprofitability efficiency
dc.subjectstakeholder engagement
dc.subjectsustainable development
dc.titleHow does stakeholder engagement through environmental, social, and governance affect eco-efficiency and profitability efficiency? Zooming into Apple Inc.'s counterparts
dc.typeArticle
dspace.entity.typeArticle

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