Economic Capacity as an Indicator of Sustainable Socioeconomic Efficiency of a Business Entity

DOI

10.2991/assehr.k.220106.016How to use a DOI?

Keywords

sustainable development; socioeconomic efficiency; an indicator of socioeconomic efficiency; assessment tools; economic capacity indicator

Abstract

The modern global economy is developing in line with socialization and sustainable development. The operation of business entities in such an economic environment poses the challenge of finding the best tools for assessing their efficiency because of the inadequacy of traditional assessment tools for parameters of sustainable development. This paper proposes a new indicator for assessing the sustainable socioeconomic efficiency of a business entity in the light of the United Nations Sustainable Development Agenda 2030. The theoretical basis of the study are concepts of socioeconomic efficiency and measures of its assessing, income theories. The study uses methods such as a system testing method based on the black box model, a method for generating gross domestic product by the source of income, that adapts to the level of a business entity, and a method of constructing an aggregated indicator based on such baselines as the net income of a business entity, and the average number of employees. The main result of the study is the economic capacity indicator, which could be used at the micro level to assess business entities for socioeconomic efficiency in the realities of sustainable development.

Copyright

© 2022 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Marina Astakhova
AU  - Irina Ignatova
PY  - 2022
DA  - 2022/01/18
TI  - Economic Capacity as an Indicator of Sustainable Socioeconomic Efficiency of a Business Entity
BT  - Proceedings of the International Scientific and Practical Conference "Sustainable development of environment after Covid-19" (SDEC 2021)
PB  - Atlantis Press
SP  - 86
EP  - 91
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.220106.016
DO  - 10.2991/assehr.k.220106.016
ID  - Astakhova2022
ER  -