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Assessing sustainability performance of high-tech firms through a hybrid approach

Li Cui (School of Business, Dalian University of Technology, Panjin, China) (China Business Executives Academy, Dalian, China)
Mengru Zhai (School of Business, Dalian University of Technology, Panjin, China)
Jing Dai (Nottingham University Business School, University of Nottingham Ningbo China, Ningbo, China)
Yang Liu (Birmingham Business School, University of Birmingham, Birmingham, UK)
Pan Zhang (China Business Executives Academy, Dalian, China)

Industrial Management & Data Systems

ISSN: 0263-5577

Article publication date: 19 August 2019

Issue publication date: 19 September 2019

992

Abstract

Purpose

In light of the lack of subjective criteria and scientific rationality in current sustainability performance assessment, the purpose of this paper is conducted to improve the sustainability performance assessment of high-tech firms by developing a hybrid approach that integrates quantitative and qualitative research methods.

Design/methodology/approach

This study proposed a hybrid approach that integrates word frequency analysis, cluster analysis, grey theory and the decision-making and trial evaluation laboratory (DEMATEL) method. Specifically, this study identifies useful criteria using quantitative word frequency analysis as well as qualitative literature research. Then, cluster analysis is used to divide these criteria into different categories. Subsequently, this study applies the grey theory associated with the DEMATEL method to assess the sustainability performance of high-tech firms.

Findings

The results reveal that the socio-environment is an important aspect underlying the corporate sustainability performance of high-tech firms. Therefore, high-tech firms should enhance their pollution emission control capabilities and increase investment in energy-conservation and emission-reduction technologies to drive sustainable development. In addition, increasing green product sales revenue and improving the guiding capability of green consumption are core issues that firms must address.

Originality/value

This study assesses the sustainability performance of high-tech firms by applying a hybrid method. This method can be used to construct a framework for scientific sustainability performance assessment and to provide a clear direction for the sustainable development of firms.

Keywords

Acknowledgements

This study is supported by National Natural Science Foundation (71602096 and 71602181), Key Programme of National Natural Science Foundation of China (71632004), China Postdoctoral Science Foundation Funded Project (2018M631826) and Fundamental Research Funds for the Central Universities (DUT18RW103).

Citation

Cui, L., Zhai, M., Dai, J., Liu, Y. and Zhang, P. (2019), "Assessing sustainability performance of high-tech firms through a hybrid approach", Industrial Management & Data Systems, Vol. 119 No. 8, pp. 1581-1607. https://doi.org/10.1108/IMDS-02-2019-0066

Publisher

:

Emerald Publishing Limited

Copyright © 2019, Emerald Publishing Limited

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