Exploring the differential impact of environmental sustainability, operational efficiency, and corporate reputation on market valuation in high-tech-oriented firms

In this paper, we explore the strategic significance of three factors – operational efficiency, measured by data envelope analysis; environmental sustainability, represented by Newsweek's Green Rankings; and corporate reputation, based on Fortune's list of most admired companies in the world –and their relationship to the market valuation of high-tech-oriented companies. In particular, we estimate the impact of these factors on Tobin's Q, which...