Investigating the Relationship Between ESG Performance and Efficiency in Aircraft Manufacturers

Murat Ahmet Doğan

Investigating the Relationship Between ESG Performance and Efficiency in Aircraft Manufacturers

Abstract

This study examines the relationship between operational and market efficiency and ESG scores of publicly traded aircraft manufacturers whose aircraft are extensively utilized by airline operators. The efficiency analysis of manufacturers spanning 2003-2023 was conducted using Window Network DEA methodology, which enabled comprehensive analysis by effectively multiplying the limited number of decision-makers in the industry. In the second phase, the relationship between efficiency outcomes and ESG Combined Score—comprising environmental (E), social responsibility (S), and corporate governance (G) components—was investigated using Wavelet analysis. This methodological choice was driven by its capacity to reveal both the direction and intensity of relationships between variables across temporal breakdowns. While the correlation patterns between manufacturers' operational and market efficiency and ESG Combined Scores exhibit temporal variations, strong correlations are consistently observed across all manufacturers within 10–15-year periods. The findings demonstrate that ESG integration necessitates a long-term strategic approach, extending beyond the predominantly short-term focus prevalent in existing literature. From a managerial perspective, the results indicate that ESG integration's impact on both operational and marketing efficiency demonstrates firm-specific variations.

Keywords

References

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Details

Primary Language

English

Subjects

Transport Economics, Applied Economics (Other)

Journal Section

Research Article

Authors

Murat Ahmet Doğan ^*
0000-0002-4646-616X
Türkiye

Early Pub Date

September 30, 2025

Publication Date

December 8, 2025

Submission Date

February 6, 2025

Acceptance Date

April 28, 2025

Published in Issue

Year 2025 Volume: 06 Number: 02

IZ

https://izlik.org/JA94JM79UM

Cite

RIS / Bibtex

APA

Doğan, M. A. (2025). Investigating the Relationship Between ESG Performance and Efficiency in Aircraft Manufacturers. International Journal of Aviation Science and Technology, 06(02), 106-125. https://izlik.org/JA94JM79UM

AMA

1.Doğan MA. Investigating the Relationship Between ESG Performance and Efficiency in Aircraft Manufacturers. IJAST. 2025;06(02):106-125. https://izlik.org/JA94JM79UM

Chicago

Doğan, Murat Ahmet. 2025. “Investigating the Relationship Between ESG Performance and Efficiency in Aircraft Manufacturers”. International Journal of Aviation Science and Technology 06 (02): 106-25. https://izlik.org/JA94JM79UM.

EndNote

Doğan MA (December 1, 2025) Investigating the Relationship Between ESG Performance and Efficiency in Aircraft Manufacturers. International Journal of Aviation Science and Technology 06 02 106–125.

IEEE

[1]M. A. Doğan, “Investigating the Relationship Between ESG Performance and Efficiency in Aircraft Manufacturers”, IJAST, vol. 06, no. 02, pp. 106–125, Dec. 2025, [Online]. Available: https://izlik.org/JA94JM79UM

ISNAD

Doğan, Murat Ahmet. “Investigating the Relationship Between ESG Performance and Efficiency in Aircraft Manufacturers”. International Journal of Aviation Science and Technology 06/02 (December 1, 2025): 106-125. https://izlik.org/JA94JM79UM.

JAMA

1.Doğan MA. Investigating the Relationship Between ESG Performance and Efficiency in Aircraft Manufacturers. IJAST. 2025;06:106–125.

MLA

Doğan, Murat Ahmet. “Investigating the Relationship Between ESG Performance and Efficiency in Aircraft Manufacturers”. International Journal of Aviation Science and Technology, vol. 06, no. 02, Dec. 2025, pp. 106-25, https://izlik.org/JA94JM79UM.

Vancouver

1.Murat Ahmet Doğan. Investigating the Relationship Between ESG Performance and Efficiency in Aircraft Manufacturers. IJAST [Internet]. 2025 Dec. 1;06(02):106-25. Available from: https://izlik.org/JA94JM79UM