Research on Sustainable Development Performance Evaluation of China’s High End Equipment Manufacturing Enterprises

Abstract

Abstract Based on the data of Listed Companies in China's high-end equipment manufacturing industry in 2018, this paper uses robust sparse principal component analysis (ROSPCA) method to evaluate the sustainable development performance of enterprises comprehensively. The empirical results show that in the performance evaluation of sustainable development, environmental performance is the most important, followed by business ethics performance, governance performance is the third, the fourth is social performance, and economic performance is the last. According to the conclusion of the empirical study, the paper puts forward some countermeasures, such as strengthening the environmental information disclosure, paying attention to the construction of business ethics corporate culture, improving the diligent governance effect of the board of directors, striving to practice public welfare and bear social responsibility, actively exploring the market and improving the profitability.