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2056. Examining the Influence of Sustainable Operational Practices on Corporate Performance: A Study on Automotive Sector
Invited abstract in session TC-53: Sustainability in Consumer Systems & Industry, stream Sustainable and Resilient Systems.
Tuesday, 12:30-14:00Room: 8007 (building: 202)
Authors (first author is the speaker)
| 1. | Vaishnavi Pandey
|
| Management, Shiv Nadar Institution of Eminence | |
| 2. | Vijayta Fulzele
|
Abstract
This paper applies Institutional theory to benchmark sustainability (via Return-To-Scale) and identify key factors enhancing market capitalization and shareholder equity through Panel Data Analysis. This study uses benchmarking analysis- to study the Return to Scale of 16 global automobile firms, specifically utilising Data Envelopment Analysis (DEA-VRS) using MAXDEA software and Panel Data Regression Analysis using STATA software for Years 2019-2022. The findings suggested that Volkswagen (1464.09) has the highest and positive return to scale, followed by Kia (39.19), Ford (19.14), Volvo(13.73), Maruti Suzuki (7.97), Mercedes (4.60), Honda (2.06), Tata Motors (1.83) respectively. On the other hand, Nissan (0.60), Hyundai(0.48), and Toyota (0), respectively, have constant Return to Scale. Furthermore, General Motors (-0.06), Mahindra and Mahindra (-0.13), Isuzu(-0.69), BMW(-0.77), and Stellantis(-1.09)have negative Return To Scale. Panel Data Regression highlights that GHG emissions, Energy Consumption, Waste Generation, Total Assets, R&D, and Operating costs significantly affect Automobile firms' Market Capitalization. Gender diversity is entirely insignificant. GHG emissions, waste generation, social contribution, total assets, and operating costs significantly affect Shareholder equity in the firm. Energy consumption and Lost-Time accidents minimally affect shareholder equity. Water Consumption, Gender Diversity, and R&D investment are insignificant for Shareholder Equity.
Keywords
- Sustainable Development
- Data Envelopment Analysis
- OR in Environment and Climate change
Status: accepted
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