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The Quest for an ESG Country Rank: A Performance Contribution Analysis/MCDM Approach
Indexado
WoS WOS:001256234500001
Scopus SCOPUS_ID:85197654833
DOI 10.3390/MATH12121865
Año 2024
Tipo artículo de investigación

Citas Totales

Autores Afiliación Chile

Instituciones Chile

% Participación
Internacional

Autores
Afiliación Extranjera

Instituciones
Extranjeras


Abstract



Utilizing Multi-Criteria Decision Analysis (MCDA) methods based on environmental, social, and governance (ESG) factors to rank countries according to these criteria aims to evaluate and prioritize countries based on their performance in environmental, social, and governance aspects. The contemporary world is influenced by a multitude of factors, which consequently impact our lives. Various models are devised to assess company performance, with the intention of enhancing quality of life. An exemplary case is the ESG framework, encompassing environmental, social, and governmental dimensions. Implementing this framework is intricate, and many nations are keen on understanding their global ranking and avenues for enhancement. Different statistical and mathematical methods have been employed to represent these rankings. This research endeavors to examine both types of methods to ascertain the one yielding the optimal outcome. The ESG model comprises eleven factors, each contributing to its efficacy. We employ the Performance Contribution Analysis (PCA), Clifford algebra method, and entropy weight technique to rank these factors, aiming to identify the most influential factor in countries' ESG-based rankings. Based on prioritization results, political stability (PSAV) and the voice of accountability (VA) emerge as pivotal elements. In light of the ESG model and MCDA methods, the following countries exhibit significant societal impact: Sweden, Finland, New Zealand, Luxembourg, Switzerland, Denmark, India, Norway, Canada, Germany, Austria, and Australia. This research contributes in two distinct dimensions, considering the global context and MCDA methods employed. Undoubtedly, a research gap is identified, necessitating the development of a novel model for the comparative evaluation of countries in relation to prior studies.

Revista



Revista ISSN
Mathematics 2227-7390

Métricas Externas



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Disciplinas de Investigación



WOS
Mathematics
Scopus
Sin Disciplinas
SciELO
Sin Disciplinas

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Publicaciones WoS (Ediciones: ISSHP, ISTP, AHCI, SSCI, SCI), Scopus, SciELO Chile.

Colaboración Institucional



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Autores - Afiliación



Ord. Autor Género Institución - País
1 Tan, Yong Hombre Univ Bradford - Reino Unido
University of Bradford School of Management - Reino Unido
2 Yazdi, Amir Karbassi Hombre Universidad de Tarapacá - Chile
3 Antunes, Jorge - UNIV FED RIO DE JANEIRO - Brasil
Universidade Federal do Rio de Janeiro - Brasil
4 Wanke, Peter Hombre UNIV FED RIO DE JANEIRO - Brasil
Universidade Federal do Rio de Janeiro - Brasil
5 Gunasekaran, Angappa - Penn State - Estados Unidos
Penn State Harrisburg - Estados Unidos
6 Correa, Henrique Luiz - Rollins Coll - Estados Unidos
Rollins College - Estados Unidos
7 Piñones, Giuliani Coluccio - Universidad de Tarapacá - Chile

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Financiamiento



Fuente
Universidad de Tarapacá

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Agradecimientos



Agradecimiento
This research was funded by Universidad de Tarapaca, grant UTAmayor N<SUP>degrees</SUP>34-2022.
This research was funded by Universidad de Tarapac\u00E1, grant UTAmayor N\u00B034-2022.

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