z-logo
open-access-imgOpen Access
Effects of enterprise sustainability on performance
Author(s) -
Violeta Domanović,
Jasmina Bogićević,
Bojan Krstić
Publication year - 2020
Publication title -
economics of sustainable development
Language(s) - English
Resource type - Journals
eISSN - 2560-4406
pISSN - 2560-421X
DOI - 10.5937/esd2001011d
Subject(s) - sustainability , business , enterprise value , profit maximization , shareholder value , sustainable business , sustainability organizations , shareholder , profit (economics) , process management , industrial organization , accounting , finance , economics , corporate governance , microeconomics , ecology , biology
Contemporary business environment imposes new business rules. The maximization of profit and shareholder value cannot be the only aim of an enterprise. Instead, enterprises are forced to maximize value of all stakeholders in order to survive in the long run. The issue of sustainability has become of crucial significance, and especially measurement and reporting on sustainability, as well as, its effects on financial performances, as still dominant ones in the contemporary business performance measurement models. Hence, the subject of the research is the enterprise sustainability in the contemporary business environment. The aim of the research is to stress the role and the significance of the sustainability in the process of improving the enterprise efficiency. The research results show that the enterprise sustainability has the positive implications on the business performances in the long run, as well as on the welfare of all stakeholders. In order to be more transparent, it is desirable for enterprises to create the sustainability report, in the integration with the traditional business report, which would give the complete overview of enterprise efficiency.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.
Having issues? You can contact us here