A multi-attribute utility model for generating a sustainability index in the banking sector

Journal of Cleaner Production

Volumn 113, Issue , 2016, Pages 835-849

  Rebai, Sonia ^a   Azaiez, Mohamed Naceur ^b   Saidane, Dhafer ^c  

^a UNIVERSITY OF TUNIS   (Tunisia)

^b UNIVERSITY OF TUNIS   (Tunisia)

^c UNIV LILLE   (France)

Author keywords

AHP; Multi attribute utility theory; Performance; Sustainability; Sustainable banking

Indexed keywords

AHP; MULTI-ATTRIBUTE UTILITY; MULTI-ATTRIBUTE UTILITY THEORY; PERFORMANCE; PERFORMANCE EVALUATION MODELS; SUSTAINABILITY INDEX; SUSTAINABILITY PERFORMANCE; SUSTAINABLE BANKING; REAL APPLICATIONS;

SUSTAINABLE DEVELOPMENT;

INDUSTRIAL ENGINEERING; PRODUCTION ENGINEERING;

EID: 84949639094     PISSN: 09596526     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jclepro.2015.10.129     Document Type: Article

References (57)

1. N.K. Avkiran, and H. Morita Benchmarking firm performance from a multiple-stakeholder perspective with an application to Chinese banking Omega 38 6 2010 501 508 10.1016/j.omega.2009.12.007
2. M. Baker Corporate Social Responsibility - what Does it Mean? 2003 available at: http://www.mallenbaker.net/csr/CSRfiles/definition.html
3. A.N. Berger International comparisons of banking efficiency Financ. Mark. Inst. Instrum. 16 3 2007 119 144 10.1111/j.1468-0416.2007.00121.x
4. A.N. Berger, and D.B. Humphrey Efficiency of financial institutions: International survey and directions for future research Eur. J. Oper. Res. 98 2 1997 175 212 10.1016/S0377-2217(96)00342-6
5. A.N. Berger, W.C. Hunter, and S.G. Timme The efficiency of financial institutions: a review and preview of research past, present, and future J. Bank. Finance 17 2-3 1993 221 249 10.1016/0378-4266(93)90030-H
6. N. Bocken, S. Short, P. Rana, and S. Evans A literature and practice review to develop sustainable business model archetypes J. Clean. Prod. 65 2014 42 56 10.1016/j.jclepro.2013.11.039
7. J.J. Bouma, M. Jeucken, and L. Klinkers Sustainable Banking: the Greening of Finance 2001 Greenleaf Publishing Sheffield, UK
8. A.B. Carroll The pyramid of corporate social responsibility: toward the moral management of organizational stakeholders Bus. Horizons 34 1991 39 48
9. Y.H. Chang, and C.H. Yeh Evaluating airline competitiveness using multi-attribute decision making Omega 29 5 2001 405 415 10.1016/S0305-0483(01)00032-9
10. C.H. Daub Assessing the quality of sustainability reporting: an alternative methodological approach J. Clean. Prod. 15 2007 75 85 10.1016/j.jclepro.2005.08.013
11. S. Davis, and T. Albright An investigation of the effect of the balanced scorecard implementation on financial performance Manag. Account. Res. 15 2 2004 135 153 10.1016/j.mar.2003.11.001
12. H. Dincer, G. Gencer, N. Orhan, and K. Sahinbas A performance evaluation of the Turkish banking sector after the global crisis via CAMELS ratios Procedia Soc. Behav. Sci. 24 2011 1530 1545 10.1016/j.sbspro.2011.09.051
13. A. Douglas, J. Doris, and B. Johnson Corporate social reporting in Irish financial institutions TQM Mag. 16 6 2004 387 395 10.1108/09544780410563301
14. J. Elkington Cannibals with Forks: the Triple Bottom Line in 21st Century Businesses 1998 New Society Publishers Gabriola Is., BC
15. M.D. Fethi, and F. Pasiouras Assessing bank efficiency and performance with operational research and artificial intelligence techniques: a survey Eur. J. Oper. Res. 204 2 2010 189 198 10.1016/j.ejor.2009.08.003
16. Forum for the Future Financing the Future: the London Principles of Sustainable Finance 2002
17. R.E. Freeman Strategic Management: a Stakeholder Approach 1984 Pitman Boston
18. M. Garcia-Cestona, and J. Surroca Multiple goals and ownership structure: effects on the performance of Spanish savings banks Eur. J. Oper. Res. 187 2 2008 582 599 10.1016/j.ejor.2007.03.028
19. Global Reporting Initiative G4 Sustainability Reporting Guidelines Implementation Manual 2013 Global Reporting Initiative Amsterdam, The Netherlands
20. G.E. Greenley, and G.R. Foxall Multiple stakeholder orientation in UK companies and the implications for company performance J. Manag. Stud. 34 2 1997 259 284 10.1111/1467-6486.00051
21. R. Hahn, and M. Kühnen Determinants of sustainability reporting: a review of results, trends, theory, and opportunities in an expanding field of research J. Clean. Prod. 59 2013 5 21 10.1016/j.jclepro.2013.07.005
22. G.H. Hempel, D.G. Simon, and A.B. Coleman Bank Management Text and Cases 1994 John Wiley & Sons, Inc.
23. M. Imeson, and A. Sim Sustainable Banking: Why Helping Communities and Saving the Planet Is Good for Business 2013 SAS Institute Inc. World Headquarters Retrieved from http://www.sas.com/resources/whitepaper/wp-24356.pdf
24. R.L. Keeney, and H. Raiffa Decisions with Multiple Objectives: Preferences and Value Tradeoffs 1976 John Wiley New York
25. C.S. Kim, and L.F. Davidson The effects of IT expenditures on banks' business performance: using a balanced scorecard approach Manag. Finance 30 6 2004 28 45 10.1108/03074350410769100
26. M. Kumbirai, and R. Webb A financial ratio analysis of commercial bank performance in South Africa Afr. Rev. Econ. Finance 2 1 2010 2 53
27. M.J. Lebas Performance measurement and performance management Int. J. Prod. Econ. 41 1 1995 23 35
28. S. Li, F. Liu, S. Liu, and G.A. Whitmore Comparative performance of Chinese commercial banks, findings and policy implications Rev. Quant. Finance Account. 16 2001 149 170
29. K. Littler, P. Aisthorpe, R. Hudson, and K. Keasey A new approach to linking strategy formulation and strategy implementation: an example from the UK banking sector Int. J. Inf. Manag. 20 6 2000 411 428 10.1016/S0268-4012(00)00036-0
30. L.M. McDonald, and C.H. Lai Impact of corporate social responsibility initiatives on Taiwanese banking customers Int. J. Bank Mark. 29 1 2011 50 63 10.1108/02652321111101374
31. A. McWilliams, and D. Siegel Corporate social responsibility: a theory of the firm perspective Acad. Manag. Rev. 26 2001 117 127
32. D. Meadows Indicators and Information Systems for Sustainable Development. A Report to the Balaton Group 1998 Sustainability Institute Hartland, VT Available online: http://www.iisd.org/pdf/s-ind-2.pdf
33. K.M.J. Mensah The failure of Lehman Brothers: causes, preventive measures and recommendations Res. J. Finance Account. 5 4 2014 ISSN 2222-1697 (Paper) ISSN 2222-2847
34. W. Norman, and C. MacDonald Getting to the bottom of "Triple Bottom Line Bus. Ethics Q. 14 2 2004 243 262 10.2307/3857909
35. J.C. Paradi, and H. Zhu A survey on bank branch efficiency and performance research with data envelopment analysis Omega 41 1 2013 61 79 10.1016/j.omega.2011.08.010
36. D.A. Price, and C. Bohner Taking scorecards beyond theory Bank Account. Finance 20 3 2007 29 32
37. S. Rebai New Banking Performance Evaluation Approach: Sustainable Finance and Sustainable Banking Based PhD dissertation 2014 Higher Institute of Management, University of Tunis Tunisia
38. K.K. Reed, N. Srinivasan, and D.H. Doty Adapting human and social capital to impact performance: some empirical findings from the U.S. personal banking sector J. Manag. Issues 21 1 2009 36 57 6-7
39. T.L. Saaty Fundamentals of Decision Making and Priority Theory: with the Analytic Hierarchy Process 1994 RWS Publications Pittsburgh
40. T.L. Saaty An exposition of the AHP in reply to the paper "Remarks on the Analytic Hierarchy Process" Manag. Sci. 36 3 1990 259 268 10.1287/mnsc.36.3.259
41. T.L. Saaty The Analytic Hierarchy Process: Planning, Priority Setting, Resource Allocation 1980 McGraw-Hill New York
42. A. Samad Bahrain commercial Bank's performance during 1994-2001 Credit Financial Manag. Rev. 10 1 2004 33 40
43. E. Santoyo-Castelazo, and A. Azapagic Sustainability assessment of energy systems: integrating environmental, economic and social aspects J. Clean. Prod. 80 2014 119 138 10.1016/j.jclepro.2014.05.061
44. W.G. Simpson, and T. Kohers The link between corporate social and financial performance: evidence from the banking Industry J. Bus. Ethics 35 2 2002 97 109 10.1023/A:1013082525900
45. A.B.M. Soppe Sustainable corporate finance J. Bus. Ethics 53 2004 213 224
46. A. Soppe Sustainable finance as a connection between corporate social responsibility and social responsible investing Indian Sch. Bus. WP - Indian Manag. Res. J. 1 2009 13 23
47. C. Strandberg Best Practice in Sustainable Finance 2005 Strandberg Consulting Retrieved from http://www.corostrandberg.com
48. M. Tarawneh A comparison of financial performance in the banking sector: some evidence from Omani commercial Banks Int. Res. J. Finance Econ. 3 2006 103 112
49. H. Tözüm Performance evaluation of banks J. Bank. Finance 27 2002 1 9
50. UNEP The Business Case for the Green Economy. Sustainable Return on Investment 2012 http://www.unep.org/greeneconomy/Portals/88/documents/partnerships/UNEP%20BCGE%20A4.pdf
51. UNEP Guidelines for Social Life Cycle Assessment of Products 2009 http://www.unep.fr/shared/publications/pdf/DTIx1164xPA-guidelines-sLCA.pdf
52. United Nations Global Compact and Accenture A New Era of Sustainability 2010 Retrieved from http://www.accenture.com/sitecollectiondocuments/pdf/accenture-a-new-era-of-sustainability-ceo-study.pdf
53. K.J. Van Calker, P.B.M. Berentsen, C. Romero, G.W.J. Giesen, and R.B.M. Huirne Development and application of a multi-attribute sustainability function for Dutch dairy farming systems Ecol. Econ. 57 4 2006 640 658 10.1016/j.ecolecon.2005.05.016
54. WBCSD Corporate Social Responsibility: Meeting Changing Expectations, The Netherlands 1998 file:///C:/Users/ASUS/Downloads/MeetingChangingExpectations.pdf
55. J.F. Williams, and J.C. Parker Measuring the sustainable return on investment (SROI) of waste to energy Proceedings of the 18th Annual North American Waste-to-energy Conference NAWTEC18, May 11-13, 2010, Orlando, Florida, USA 2010
56. A.D. Youngblood, and T.R. Collins Addressing balanced scorecard trade-off issues between performance metrics using multi-attribute utility theory Eng. Manag. J. 15 2003 11 17
57. G. Zappi Corporate responsibility in the Italian banking industry: creating value through listening to stakeholders Corp. Gov. Int. J. Bus. Soc. 7 4 2007 471 475 10.1108/14720700710820542