The Social Factors Impact on Sustainable Business Growth Perception Within the ESG Concept
The research aimed to identify key factors within the social (S) pillar of ESG and quantify their influence on the perception of a firm's long-term financial performance. The study covered the V4 countries, focusing on the views of business owners and managers, collected in February 2024, on...
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| Format: | Article |
| Language: | English |
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Editura ASE
2025-02-01
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| Series: | Amfiteatru Economic |
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| Online Access: | https://www.amfiteatrueconomic.ro/temp/Article_3393.pdf |
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| _version_ | 1849710282133209088 |
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| author | Michal Erben Michal Kuděj Jan Kubálek |
| author_facet | Michal Erben Michal Kuděj Jan Kubálek |
| author_sort | Michal Erben |
| collection | DOAJ |
| description | The research aimed to identify key factors within the social (S) pillar of ESG and quantify
their influence on the perception of a firm's long-term financial performance. The study
covered the V4 countries, focusing on the views of business owners and managers, collected
in February 2024, on the role of the social pillar in sustainable growth. LRM tested the
statistical hypotheses. The results of the V4 countries revealed that a positive perception of
company sustainability is primarily shaped by transparent ESG reporting, fair employee
evaluation, work-life balance standards, respect for human rights, and strong community
relations. Transparent reporting emerged as the most significant factor in determining
positive attitudes toward sustainability. Although building good community relations and
respecting human rights were less frequently cited, they still play an important role. Fair
employee appraisal and work-life balance standards were also essential in shaping a
company’s positive stance on sustainability |
| format | Article |
| id | doaj-art-6010f643207c461caf5d0aedbb472644 |
| institution | DOAJ |
| issn | 1582-9146 2247-9104 |
| language | English |
| publishDate | 2025-02-01 |
| publisher | Editura ASE |
| record_format | Article |
| series | Amfiteatru Economic |
| spelling | doaj-art-6010f643207c461caf5d0aedbb4726442025-08-20T03:14:58ZengEditura ASEAmfiteatru Economic1582-91462247-91042025-02-01276819621310.24818/EA/2025/68196 The Social Factors Impact on Sustainable Business Growth Perception Within the ESG ConceptMichal Erben0https://orcid.org/0009-0003-9460-7507 Michal Kuděj 1https://orcid.org/0009-0002-4375-5473Jan Kubálek2https://orcid.org/0000-0002-7872-3116Prague University of Economics and Business, Prague, Czech RepublicPrague University of Economics and Business, Prague, Czech RepublicPrague University of Economics and Business, Prague, Czech RepublicThe research aimed to identify key factors within the social (S) pillar of ESG and quantify their influence on the perception of a firm's long-term financial performance. The study covered the V4 countries, focusing on the views of business owners and managers, collected in February 2024, on the role of the social pillar in sustainable growth. LRM tested the statistical hypotheses. The results of the V4 countries revealed that a positive perception of company sustainability is primarily shaped by transparent ESG reporting, fair employee evaluation, work-life balance standards, respect for human rights, and strong community relations. Transparent reporting emerged as the most significant factor in determining positive attitudes toward sustainability. Although building good community relations and respecting human rights were less frequently cited, they still play an important role. Fair employee appraisal and work-life balance standards were also essential in shaping a company’s positive stance on sustainability https://www.amfiteatrueconomic.ro/temp/Article_3393.pdfsmesesg conceptesg social pillaremployeesexternal social environment |
| spellingShingle | Michal Erben Michal Kuděj Jan Kubálek The Social Factors Impact on Sustainable Business Growth Perception Within the ESG Concept Amfiteatru Economic smes esg concept esg social pillar employees external social environment |
| title | The Social Factors Impact on Sustainable Business Growth Perception Within the ESG Concept |
| title_full | The Social Factors Impact on Sustainable Business Growth Perception Within the ESG Concept |
| title_fullStr | The Social Factors Impact on Sustainable Business Growth Perception Within the ESG Concept |
| title_full_unstemmed | The Social Factors Impact on Sustainable Business Growth Perception Within the ESG Concept |
| title_short | The Social Factors Impact on Sustainable Business Growth Perception Within the ESG Concept |
| title_sort | social factors impact on sustainable business growth perception within the esg concept |
| topic | smes esg concept esg social pillar employees external social environment |
| url | https://www.amfiteatrueconomic.ro/temp/Article_3393.pdf |
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