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Beyond profit: Rethinking corporate efficiency frameworks through a sustainability lens

Author

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  • Gaganis, Chrysovalantis
  • Pasiouras, Fotios
  • Tasiou, Menelaos
  • Zopounidis, Constantin

Abstract

In an era of heightened environmental awareness, sustainability has evolved from a strategic choice to a corporate imperative. Drawing upon established research in sustainable corporate efficiency, managerial ability, and machine learning-based production frontier estimation techniques, this study has a twofold aim. First, it introduces a new measure of efficiency in generating revenues sustainably, from an environmental perspective. Second, it quantifies the managerial ability that drives it. These measures are estimated from a comprehensive dataset covering over 2800 listed firms from 61 countries over the period 2010–2022. By integrating financial and environmental factors, this study offers insights into firm-level efficiency within the evolving landscape of sustainable business practices and the trajectory towards net-zero.

Suggested Citation

  • Gaganis, Chrysovalantis & Pasiouras, Fotios & Tasiou, Menelaos & Zopounidis, Constantin, 2026. "Beyond profit: Rethinking corporate efficiency frameworks through a sustainability lens," European Journal of Operational Research, Elsevier, vol. 331(3), pages 941-959.
    • Handle: RePEc:eee:ejores:v:331:y:2026:i:3:p:941-959
    DOI: 10.1016/j.ejor.2026.02.019
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