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CISEF: A composite index of social, environmental and financial performance

Authors :
Fotios Pasiouras
Chrysovalantis Gaganis
Menelaos Tasiou
Constantin Zopounidis
Technical University of Crete [Chania]
Audencia Business School
Source :
European Journal of Operational Research, European Journal of Operational Research, Elsevier, 2021, 291 (1), pp.394-409. ⟨10.1016/j.ejor.2020.09.035⟩
Publication Year :
2021
Publisher :
Elsevier BV, 2021.

Abstract

Summarization: We propose a holistic evaluation framework that banks could adopt when screening corporate entities. The framework is based on the development of a composite indicator of social, environmental and financial performance. This integrated view of evaluation is conceptually aligned with ISO standards and empirical proposals of academics and market practitioners in defining inclusive performance. We complement those proposals with a methodological framework that permits incorporation of a plethora of viewpoints in the evaluation process, reflecting the expectations of the various stakeholders in the environment of a bank. We further enhance the evaluation process with analytics of a more detailed hierarchical view of performance, fine-tuning of the evaluation process, and provide implications and suggestions to the senior executive team of a bank’s clients. Presented on: European Journal of Operational Research

Details

ISSN :
03772217
Volume :
291
Database :
OpenAIRE
Journal :
European Journal of Operational Research
Accession number :
edsair.doi.dedup.....e4c6a47b6671f60299fbeadfab89b20e
Full Text :
https://doi.org/10.1016/j.ejor.2020.09.035