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Статті в журналах з теми "Business Sustainability. Stakeholders Theory"
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Schaltegger, Stefan, Jacob Hörisch, and R. Edward Freeman. "Business Cases for Sustainability: A Stakeholder Theory Perspective." Organization & Environment 32, no. 3 (August 2, 2017): 191–212. http://dx.doi.org/10.1177/1086026617722882.
Повний текст джерелаАнотація:
The “business case for sustainability” is a notion often referenced in the corporate sustainability and corporate social responsibility literature. Whereas some see sustainability and the business case as contradictions and thus emphasize the existence of trade-offs, others highlight how (potential) business cases can be created by managing ecological, social, and economic aspects. Both views have in common that the “business case” is implicitly or explicitly seen as creating financial performance, often for one group of stakeholders, only. The fact that a business case is not a given phenomenon but has to be co-created in the exchange between and with contributions from various stakeholders has so far not been analysed in depth. By taking a stakeholder theory perspective, this article extends the existing research on what business and a business case are about and analyses the understanding of business cases for sustainability and how they can be created with and by stakeholders.
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Mahsud, Rubiná, Jessica Ludescher Imanaka, and Gregory E. Prussia. "Authenticity in business sustainability." Sustainability Accounting, Management and Policy Journal 9, no. 5 (November 5, 2018): 666–84. http://dx.doi.org/10.1108/sampj-02-2018-0036.
Повний текст джерелаАнотація:
PurposeThis paper critiques existing approaches to business sustainability and recommends a new course of action. This paper focuses the critique on sustainable business practices (SBP) and gaining sustainable competitive advantage (SCA), as they have increasingly been the focus of strategy and management scholars.Design/methodology/approachThe relative progress in the strategy and management domains is reviewed with regard to incorporation of concepts such as sustainability, corporate social responsibility and stakeholder theory. The defense industry is explored as a paradigmatic case of inauthentic sustainability.FindingsFindings reveal that existing constructs lack authentic sustainability, largely on account of the tendency of these discourses to privilege select stakeholders in the developed world. Strategic management research needs to evolve further to accommodate a broader, systemic and global focus that will yield authenticity in business sustainability. Mutual benefit for all stakeholders necessitates a paradigm shift in our thinking from competition to collaboration and creation.Practical implicationsWhen SBP and SCA get applied to certain industries, such as defense, they prop up a form of inauthentic sustainability. All global stakeholders must be included in sustainability frameworks, and some businesses, by their very definition, should not be sustained.Social implicationsMutual benefit for all stakeholders necessitates a paradigm shift in people’s thinking from competition to collaboration and creation. This paper suggests that Blue Ocean Strategy (BOS) can provide the requisite direction for future strategy scholarship so as to overcome existing limitations with SPB and SCA.Originality/valueThis paper suggests that BOS can provide the requisite direction for future strategy scholarship so as to overcome existing limitations with SPB and SCA.
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Svensson, Göran, Carlos Ferro, Nils Hogevold, Carmen Padin, and Juan Carlos Sosa Varela. "Developing a theory of focal company business sustainability efforts in connection with supply chain stakeholders." Supply Chain Management: An International Journal 23, no. 1 (January 8, 2018): 16–32. http://dx.doi.org/10.1108/scm-12-2015-0461.
Повний текст джерелаАнотація:
Purpose The purpose of this paper is to test the structural properties of a stakeholder research model of focal company business sustainability and the associated consideration of upstream, downstream, market and societal stakeholders. Design/methodology/approach Based on two industrial business samples in Norway and Spain, partial least squares– structural equation modelling (PLS-SEM) was applied to empirically test a research model consisting of five stakeholder constructs. Findings The model was tested in Norway and validated in Spain. An analysis of the path coefficients and levels of significance shows that all relationships in the research model were significant and meaningful. Research limitations/implications This paper develops a model that explains and predicts company considerations of other stakeholders in the business sustainability efforts within supply chains (both upstream and downstream) and also beyond in the market and society. Practical implications The results of this study can guide companies in structuring, planning and implementing business sustainability in their supply chains, the marketplace and the society. It can also provide a foundation for monitoring and follow-up assessment of corporate decision-making. Originality/value This study contributes to supply chain management (SCM) and stakeholder theory to establish a framework for business sustainability with respect to company stakeholders in supply chains.
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Walker, Kent, and Andre Laplume. "Sustainability fellowships: the potential for collective stakeholder influence." European Business Review 26, no. 2 (March 4, 2014): 149–68. http://dx.doi.org/10.1108/ebr-09-2013-0119.
Повний текст джерелаАнотація:
Purpose – Given the current ecological state of the planet organizations now need to develop their sustainability to a significantly greater extent and at a faster pace. This paper aims to propose stakeholder collectives as a means for rapid and comprehensive sustainability, while also examining the moderating influence of firm size and change potential. Design/methodology/approach – A theoretical analysis leads to the development of multiple propositions. The work concentrates on one research question: how can the authors bring about rapid and comprehensive organizational sustainability? Findings – Arguments for the inability of individual stakeholders to drive the level of sustainability now required are presented. Propositions suggesting that sustainability can be obtained through stakeholder collectives, moderated by firm size and the change potential of the firm are developed. Research limitations/implications – Research using stakeholder theory has examined intra-stakeholder group collective action, but arguably the more important, inter-stakeholder group collective action, has received little attention. The authors elaborate the prospects for collective stakeholder influence strategies as useful for increasing sustainability. Originality/value – The main contribution is the nexus between stakeholder influence strategies and the collective goal of sustainability. By examining an underdeveloped component of stakeholder theory, the authors answer the question how stakeholders can drive the extensive and rapid organizational sustainability now required.
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Brychko, Maryna. "Governance of stakeholder’s financial relationships: evidence from Ukrainian banking." Corporate Ownership and Control 11, no. 1 (2013): 706–14. http://dx.doi.org/10.22495/cocv11i1c7art7.
Повний текст джерелаАнотація:
This paper makes two related contributions to corporate finance theory and stakeholder theory. First, the author intend to examine relationship between sustainability of stakeholders’ financial relations and efficiency of corporate governance, taking into account lagging of decision-making corporate governance in banks to it financial performance. Second, the author seeks to prioritize stakeholders’ financial relations of the emerging stakeholder model of corporate governance at banks by analyzing two relevant dimensions of this model: contribution valued resources to the bank and power that the stakeholders have within the bank. The findings confirm that efficiency of bank management in the system of stakeholder’s financial relationships in absolute efficiency of corporate governance achieved solely through sustainable financial relations of “principal-agent” (where principals are individuals and agent is apparatus of corporate governance). The results show that the role of individuals as sub-agents, enterprises as principals and sub-agents, shareholders as principals formed negative effect.
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Malik, Chirag, and Sonali Yadav. "Sustainability ratings and corporate control: Debacle of shareholder over stakeholder theory." Corporate Ownership and Control 18, no. 1, Special Issue (2020): 408–22. http://dx.doi.org/10.22495/cocv18i1siart14.
Повний текст джерелаАнотація:
Corporate sustainability rating is frequently observed by different stakeholders, thereby finding interest in academic studies as well. Shareholders of sustainable-companies respond to different types of stock market news, be it financial or non-financial news. Announcements relating to ratings obtained by sustainability-compliant businesses appear to create anticipation in the mind of the investor. If these announcements are viewed by investors with interest, then it can have a greater implication for corporate governance and control and the corporate leaders can find a clear path to resolve the much debated “shareholder” versus “stakeholder” view in decision-making. This paper aims to explain whether or not the declaration of sustainability ratings contributes to the stock market reaction in emerging markets such as India. Short-run event analysis was carried out on a set of selected BSE listed companies following sustainable practice (2017-2019) and the entire data set was split into categories of the upgrade, downgrade, no change, and no ratings. The study results show that the announcement of sustainability ratings is not regarded by investors with a great deal of interest and there is inherent indifference to such news in the stock market. These findings are relevant for stock exchanges, investors, and corporate control as it raises a serious issue of rethinking stakeholder awareness levels, which in an emerging economy such as India currently seem to be in a nascent stage. In order to meet the stakeholders interested in the process of business becoming sustainable corporate leaders through proper governance should explore ways and means to approach sustainability in a more systematic way
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Glowka, Gundula, and Anita Zehrer. "Tourism Family-Business Owners’ Risk Perception: Its Impact on Destination Development." Sustainability 11, no. 24 (December 7, 2019): 6992. http://dx.doi.org/10.3390/su11246992.
Повний текст джерелаАнотація:
In developing and sustaining tourism, destination management involves the coordination of various stakeholders, and theory suggests that securing sustainability, including stakeholder interests in decision-making and strategic planning is crucial. Therefore, understanding stakeholders’ interests and relationships is also essential. In the Austrian Alpine region, small- and medium-sized family businesses offering tourism products dominate the rural tourism landscape. However, little research has been done on how these family firms contribute to shaping the destination’s future. Therefore, through guided interviews, this qualitative study examined family-business owners’ perceptions of risks for Austrian tourism destination development. Family firms externalized such risks as labor shortage as a structural issue and neglected their responsibility to attract employees by improving working conditions. Thus, the externalization of risks to other stakeholder groups prevented family firms’ proactive approach to sustainable destination development.
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Rezac, Fabien. "Role of Privacy Protection in Business Models for Sustainability." Journal of Business Models 10, no. 2 (November 3, 2022): 31–57. http://dx.doi.org/10.54337/jbm.v10i2.6952.
Повний текст джерелаАнотація:
Purpose: The principal purpose of this article is to address a critical issue emerging in the realm of interorganizational dependencies heavily impacted by digitalization, namely developing business models that would protect privacy in a sustainable way. On the one hand, companies have been jointly proposing, creating, delivering, and capturing value through an excessive, unethical exploitation of personal data and information. On the other, restricting and controlling flows of data and information hampers the processes that lead to social well-being. This article reflects on this paradox by building on the theories of business models for sustainability and contextual integrity, while offering a holistic conceptual narrative guiding the sustainable transition towards digital equity and inclusivity. Design/methodology/approach: This conceptual article can be classified as a theory synthesis paper with the ambition to achieve an outcome that enhances knowledge on concepts and a phenomenon by a conceptual integration across two different, previously unconnected literature streams and theories. Findings: This article suggests that businesses which play any role in transmission of data and information cannot be sustainable without protecting privacy as a social value. Furthermore, it argues that privacy cannot be protected without addressing the appropriateness of both flow and use of data and information with respect to all involved stakeholders. Ultimately, via linking two distinct yet interrelated and rigorously developed research streams, a heuristic framework for privacy and sustainability in business models is proposed as a system of key considerations for managers to apply in assessing and planning a business practice, so it protects privacy in a sustainable way. Originality/value: The key theoretical contribution of this article can be considered twofold. Firstly, it unfolds the relevance of privacy protection for the stream of business model research directed toward sustainable development in a way that is theoretically rigorous, complementary with the stakeholder theory, and reflecting the changing interorganizational dependencies affected by digitalization. Secondly, it contributes to the contemporary debate on privacy as a social value through identifying theoretically thorough avenue for adapting the theory of contextual integrity to a social domain where value proposition, creation, delivery, and capture with and for stakeholders involves transmission of data and information.
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Simoni, Lorenzo, Laura Bini, and Marco Bellucci. "Effects of social, environmental, and institutional factors on sustainability report assurance: evidence from European countries." Meditari Accountancy Research 28, no. 6 (May 2, 2020): 1059–87. http://dx.doi.org/10.1108/medar-03-2019-0462.
Повний текст джерелаАнотація:
Purpose The purpose of this study is to extend existing knowledge on the determinants of sustainability report (SR) assurance practices. Four different theories – stakeholder theory, institutional theory, signaling theory and legitimacy theory – are used to formulate several hypotheses regarding the main factors that can influence a company’s decision to assure its SRs. Design/methodology/approach Using a sample of 417 listed organizations based in different European countries over five years, the effects of stakeholder commitment, country orientation toward sustainability, firm environmental performance and business ethics controversies on the decision to assure SRs are assessed. Findings The results show that a company’s decision to assure its SRs is motivated by the need to maintain good relations with its stakeholders (which is in line with stakeholder theory and legitimacy theory), as well as by the willingness to signal their sustainability performance (which is in line with signaling theory) and to gain legitimacy. On the contrary, business ethics controversies do not seem to be relevant to a company’s assurance practices. Originality/value This paper provides new insights into the influence that social, environmental and institutional factors have on assurance strategies. New factors that previous research does not investigate – environmental performance, business ethics controversies and corporate governance – are tested. Factors that are already investigated in the literature are considered from an original perspective of introducing alternative measures (e.g. for the scope of national sustainability policies).
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Venter, Petrus, and Rodney Duffett. "A Framework for a Generic Retail Charter: A Guide towards Sustainability and Stakeholder Support." Sustainability 14, no. 23 (November 28, 2022): 15848. http://dx.doi.org/10.3390/su142315848.
Повний текст джерелаАнотація:
This paper develops a framework for a generic retail stakeholder charter that addresses expectations of relevant retail business stakeholders to achieve success and sustainability. Hevner’s design science research model was used for the development of this framework. Relevant literature on retail business management, stakeholder theory, and existing charters was reviewed and used for the design of a draft generic retail charter framework. The draft framework was submitted to expert practitioners and academics for verification in terms of correctness, completeness, and relevance to develop the final retail charter framework. The framework addresses stakeholder expectations regarding relevant categories, and the structure of the retail charter addresses the identity, elements, and the management of the retail charter. The elements in the generic retail charter are structured to achieve stakeholder support by ensuring compliance, satisfaction, and excitement. This generic retail charter framework creates research opportunities for the development of detailed retail charters for every stakeholder category, and customized retail charters for individual retail businesses. The framework provides further research opportunities for retail businesses operating in a particular industry, ecommerce, various Standard Industrial Classification (SIC) codes, and other countries.
Дисертації з теми "Business Sustainability. Stakeholders Theory"
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Tantalo, Caterina. "Competing for Stakeholders: Three Essays on Business Sustainability." Doctoral thesis, Luiss Guido Carli, 2011. http://hdl.handle.net/11385/200893.
Повний текст джерелаАнотація:
Literature Review. Competing for stakeholders toward a better understanding of Business Sustainability. Identifying Stakeholders' Multiple utility source: a first step for value Co-creation. The model in action: a real example of value co-creation in an Italian SME.
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Bradley-Swanson, Orna Tricia. "Stakeholder Engagement Strategies for Nonprofit Organization Financial Sustainability." ScholarWorks, 2019. https://scholarworks.waldenu.edu/dissertations/7462.
Повний текст джерелаАнотація:
Stakeholders are important to the financial sustainability of a nonprofit organization; however, heavy reliance on 1 stakeholder over another can place a nonprofit organization at financial risk. The purpose of this single case study was to explore strategies used by 3 senior leaders of a nonprofit organization in New York who have experience with stakeholder engagements efforts. The conceptual framework used for this study comprised general systems theory and transformational leadership theory. Data were collected using semistructured interviews, and review of organizational documents and online databases. Using thematic analysis, the 4 key themes that emerged from process and results strengths were leadership involvement in engaging stakeholders, persistent promotion of the organization's mission and vision, connection with the community, and workforce engagement activities. The implications of this study for positive social change include the potential to increase nonprofit leaders' understanding of practical approaches that may facilitate stakeholder engagement for improving financial sustainability, improve nonprofit leaderâstakeholder relationships, and bolster philanthropic efforts to improve the economic stability of the nonprofit organization and the community.
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Westergren, Eric, and Linn Hasselgren. "Does stakeholder pressure have an effect on the quality of the sustainability report?" Thesis, Umeå universitet, Företagsekonomi, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-172187.
Повний текст джерелаАнотація:
Our planet suffers from severe climate change and environmental issues has never been as important as it is now. Countries and communities come together to get involved in environmental questions and to work against a sustainable future. Companies are also expected to take act on this concern and incorporate sustainability into their business practices. To account for this, company’s disclosure a sustainability report and the numbers of companies that do so has increased rapidly the last years. From 2011 to 2013 there was almost a 50% increase of submitted sustainability reports. Since then, sustainability reporting has gone from optional to mandatory as a new law came into place in 2016. However, as companies start to disclosure sustainability reports more than ever before, new issues have arisen. The lack of regulation means that there is no guarantee for quality in the report and studies has shown that the stakeholders demand higher quality and more transparency of the sustainability report. Thus, it could be of importance for companies to produce reports of better quality in order to meet the demands of their stakeholders. Retaining a good relationship is crucial and it affects the growth of the company as it affects competitive advantage and the possibility to manage risks. Previous literature has found evidence that stakeholder pressure has influence on the transparency, which has similarities to quality, of the sustainability reports globally. With this thesis we aim to contribute with additional information to existing literature with a new geographical area, Sweden. We also aim to contribute to understanding of how quality of the sustainability reports can be determined. The critical assessment of the sustainability reports from each stakeholder becomes more important and previous literature has shown that different stakeholders have different effect on transparency in the sustainability reports. First and foremost, the purpose of this thesis is to investigate if the pressure from different stakeholder groups has an effect on the quality of the sustainability report. We intend to do so with the following research question: Does stakeholder pressure have an effect on the quality of sustainability reports? The companies will be split into four different groups based on the industry the company operates within and the sub-purpose is to see if there is any difference in the impact on the quality of the sustainability reports between the different groups. The quality will be determined by adherence level to the GRI G4 framework, how many other standards and guidelines the report is in compliance with and the existence of external assurance. The population is the 127 companies who has their reports available in the GRI database. We have conducted a quantitative study using a linear regression analysis on those 127 companies. The results led us to the conclusion that the relationship between stakeholder pressure and the quality of the sustainability reports cannot be explained by the model used in this thesis. A two-sample t test was conducted for each group of industry to see if there was any difference of the mean of quality if the companies was represented in the industry or not. The results showed us that the mean of the quality was higher for the companies operating in an environmentally sensitive industry.
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Kaehu, Catherine. "Stakeholder Collaboration Strategies in the Hawaii Tourism Industry." ScholarWorks, 2018. https://scholarworks.waldenu.edu/dissertations/5207.
Повний текст джерелаАнотація:
Travel and tourism are concepts that date back to 3000 B.C. with globalization extending possibilities of travel to people across the world. Addressing stakeholder concerns is especially important in promoting the development of sustainable tourism contributing to the protection of Earth's natural resources and long-term sustainability of tourism businesses through collaboration and participation. This qualitative case study incorporated a strategic stakeholder management framework, focusing on exploring strategies that Hawaii tourism industry leaders use for increasing stakeholder participation in sustainable tourism development. The population consisted of individuals across 6 categories of Hawaii tourism industry stakeholders identified as visitors, residents, government or public servants, representatives of academic institutions, tourism business owners, and special interest groups. Data triangulation occurred through semistructured interviews of 10 participants, comprehensive review of archival data and government statistical data, and organizational documents. Data analysis included both manual and multiple systemic coding for each sources of data. Three thematic strategies emerged: establishing relationship management, consistent and effective communication, and partnership programs with a variety of stakeholders. Within establishing relationship management, participants articulated conflict resolution as the most critical and challenging aspect to successful stakeholder collaboration strategies. This research has implications for social change by offering enhancement to relationships necessary to develop sustainable tourism options, ultimately bolstering the local economy while fostering protection of natural and cultural resources.
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Al-Halwachi, Jafar, and Maria Eklind. "Sustainability assurance : A qualitative study exploring the assurance process, team and report of sustainability assurance." Thesis, Umeå universitet, Företagsekonomi, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-172161.
Повний текст джерелаАнотація:
Sustainability assurance is on the uprising. Nowadays, more and more companies are thinking about sustainability which resulted in a growing market for sustainability assurance. The global reporting initiative (2013, p.6) defines sustainability assurance as “the use of external, independent reviews of sustainability management processes and final disclosures is intended to increase the robustness, accuracy and trustworthiness of disclosed information.”. Unlike financial auditing, sustainability assurance ismostly unregulated and there are various guidelines and frameworks issued to help the assurance provider. The lack of mandatory regulations has resulted in a fragmented assurance environment where different approaches is used by different assurance providers. This in turn has contributed to the sustainability assurance process being unknown. The uncertainty around sustainability assurance affect the usersof the assurance report, for example stakeholders’, which can find it difficult to identify, interpretand compare the results of the sustainability assurance.The purpose of this study is to contribute to the limited knowledge on sustainability assurance, by investigating the sustainability assurance from both auditors’ and non-auditors’ perspectives.To assist in fulfilling the purpose, four main themes were developed; assurance team, assurance process, assurance report and the future of sustainability assurance. To fulfill the purpose of this study, the research questions are;“What is the audit process of sustainability reports?”“What does the sustainability assurance team look like?”“What does the sustainability assurance report look like?”The result in this study suggests that the process of sustainability assurance looks different depending on the assurance provider. The findings also suggest that the assurance team almost looks the same, regardless who is the assurance provider. When it comes to the results regarding the assurance report, it is evident that there are many ways to improve theusefulness and informativeness of the report. Furthermore, the findings of this study contribute to the limited knowledge of sustainability assurance by thoroughly exploring the assurance process.
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Kao, Monique Sieng, and Vilma Saari. "Board Composition, Sustainability and Fim Performance : A Nordics-Oriented Quantitative Study on a Global Trend." Thesis, Umeå universitet, Företagsekonomi, 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-161284.
Повний текст джерелаАнотація:
The issues surrounding sustainability continues to be at the forefront of the human agenda and firms are increasingly being held accountable by their stakeholders to assist in bringing about sustainability. Despite this, there is a tension surrounding the role of firms and the benefits implementing sustainability practices and policies has for these actors. On the one hand, being sustainable underpinned by a strong CSR-oriented governance board with the right compositional factors results in superior firm performance. On the other hand, sustainability is suggested to increase costs and reduced competitiveness thereby reducing firm performance. These contrasting results supported by mixed scholarly findings concerning different mediating factors influencing the overarching relationship creates a confusion gap that warrants this current study. As such, the study’s purpose is to investigate the relationship between two distinct yet interrelated relationships, the impact of board of directors’ composition on CSR performance measured by ESG scores and the impact of CSR performance on firm performance so as to contribute to the debate on these notion that continues to plague academia and the pragmatic world. This study is realized through a quantitative archival-longitudinal study design underpinned by metaphysical assumptions. Regression analyses using panel data on a sample of 123 listed companies headquartered in the Nordic Countries for the period 2010-2018 is undertaken to analyze the potential relation between CSR performance and five board composition factors, specially the gender diversity, independence, size, frequency of meetings and the presence of CSR committee. The association between CSR performance and firm performance is investigated in a similar way. Under rigorous statistical testing and analysis, the results indicate that there potentially is a relation between board composition and firms’ ESG performance. The results derived from the relationship between CSR and firm performance is inconsistent and cannot be fully accepted. This study contributes theoretically to CSR, corporate governance and finance literature by expanding upon how these three notions are linked in light of the sustainability trend that is gripping modern society. Socially, this research is useful for providing empirical evidence on the value of strong governance structures so as to foster sustainability and encourage debate on its value. Pragmatically, our study suggests what board composition factors are most conducive for supporting CSR that may assist firms’ corporate governance structuring and focus.
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Höjlind, Jonatan, and Wael Shehadeh. "Sustainability performance & Ownership structure on the Nordic market : A quantitative study on the relationship between the two." Thesis, Umeå universitet, Företagsekonomi, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-185316.
Повний текст джерелаАнотація:
This thesis investigates the relationship between sustainability performance and ownership structure, measured using the ESG (environmental, social and governance) rating and ownership structure divided into four different ownerships (family/founder, institutional, corporate and governmental). In the pursuit of analysing the relationship between the ESG rating and the ownership structure, this study investigates publicly listed companies within the Nordic countries.This thesis has the aim of examining if a publicly listed company can use sustainability ratings and ownership structure, to understand broader market dynamics and help the manager thru this maximise firm value. Results from this could help them and the public in decision making processes around sustainability initiatives and how these characteristics influence the Nordic market dynamics, by having a better understanding of how the ESG ratings are prioritised among different ownership structures. This knowledge would allow management and the public to better understand how the ESG rating affects firm’s sustainability value as well as how market dynamics of this information is related to the market as a whole and direct competition.Using secondary data collected from Refinitiv database and Nasdaq, this thesis is a deductive and quantitative research that analyses companies for the target year 2020. In addition, this research can be considered to be a historic study.The findings of this research indicate a causal relation between sustainability performance and ownership structure, leading to the conclusion that a different ownership structure might influence and lead to a different score on the scale of sustainability performance. Furthermore, the findings indicate that the governmental ownership structure has the highest positive effect on sustainability performance.Concluding with discussing how this research contributes to the current field of knowledge on the topic through analysing the results using the legitimacy, shareholder, stakeholder and agency theory. The results are aligned with the legitimacy theory on ownership structure and the stakeholder theory. Additionally, the shareholder and the agency theory help with explaining why some structures put less value on sustainability performance than others.From the results one can conclude that sustainability performance is of importance to a varying degree among the different ownership structures. This tells us that there is still a gap in understanding why different ownership structures engage in different sustainability initiatives and future research is needed to examine why different structures engage in it over others.
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Lindkvist, Lovisa, and Olle Saric. "Sustainability Performance and Capital Structure : An analysis of the relationship between ESG rating and debt ratio." Thesis, Umeå universitet, Företagsekonomi, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-172993.
Повний текст джерелаАнотація:
This thesis investigates the relationship between sustainability performance and capital structure, measured using the ESG (environmental, social and governance) rating and the debt ratio. In the pursuit of analysing the relationship between the ESG rating and the debt ratio, this study investigates publicly listed companies within the EU/EEA due to its mutual legislative framework on sustainable finance. This research has the intention of shedding light upon if a company can use sustainability ratings to alter their optimal debt levels, operate at higher efficiency with access to cheaper capital, and help the manager maximize firm value. This could help them in decision making processes of financing their business through receiving a better understanding of how the ESG rating affects the capital structure. This knowledge would allow management to better understand how the investments necessary in acquiring the ESG rating affect firm value as well as how they affect the dynamics of financing the firm. This is a deductive and quantitative research based on secondary data, gathered using Thomson Reuters (Eikon) database. Furthermore, this research is a cross-sectional study analysing companies in year 2019. No clear relationship between the two concepts has been found, arriving at the conclusion that the optimal capital structure is not influenced by sustainability initiatives. However, sustainability initiatives should always be encouraged since these generate other beneficial effects. Finally, this research contributes to the current field of knowledge on the topic through analysing the results using the Trade-off Theory, Pecking Order Theory, Agency Theory, Legitimacy Theory and Stakeholder Theory. The results are somewhat aligned with the Trade-off Theory of capital structure and the Pecking Order Theory as well as other more traditional financial theories. One can conclude that sustainability performance is not of importance when it comes to the firm's ability to raise capital or the firm’s capital structure. This tells us that there is still a long way to go and that action needs to be taken before sustainability becomes an essential and well-integrated factor considered in investment decisions. The results may be undesirable, but they also give a fair picture of the financial sector’s priorities as of now and highlight the need for sustainable objectives to align with financial profitability.
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Demircioglu, Edessa, and Karoline Norheim. "Organizational façades and hypocrisy within sustainability reports : A qualitative content analysis of Royal Bank of Scotland’s sustainability reports between 2008-2013." Thesis, Högskolan i Jönköping, Internationella Handelshögskolan, 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-43791.
Повний текст джерелаАнотація:
Abstract Background: Sustainability reporting is an important communication channel for corporations to increase legitimacy in the public eye and handle different stakeholder demands (Blanc et al., 2017). In order to manage different stakeholder demands scholars have developed different theories to detect any inconsistencies between a corporation’s communication and actions, namely organizational façades and organizational hypocrisy. Purpose: The purpose of this master thesis is to understand in which way RBS are misleading, in form of communication, their customers in their sustainability reports. This phenomenon is investigated between 2008-2013. It is under this period the FCA (2016) investigation concluded that the bank had misled their customers. Method: This thesis adopts the qualitative content analysis when conducting the research. This method aids to categorize the text data which helps to make a large sample of text more attainable and easier to analyse and find connections within the data. In this thesis the textual data is coded into one of the three following codes: (i.) Rational façades - the organization meet fundamental norms of rationality. (ii.) Progressive façades - the organization do not only show rationality but also progress. (iii.) Reputational façades - statements that are disclosed in order to meet demands of the most critical stakeholders (Abrahamson, & Baumard, 2008) Conclusion: The results show that the most frequently apparent façades in the sustainability reports are progressive façades, followed by reputational façades and lastly rational façades. Moreover, the findings of this thesis uncovered clear sub-categories fitting under each façade. The sub-categories discovered were eight folded. Lastly, the results show that RBS shows signs of organizational hypocrisy, since their sustainability report disclosures and their actions are not in line, during the investigation period.
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Werner, Thom, William Johansson, and Rydberg Johan Finn. "Från dåtid till nutid : En studie om förändringar kring hållbarhetsredovisning mellan åren 1998–2019." Thesis, Mälardalens högskola, Akademin för ekonomi, samhälle och teknik, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-48544.
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Titel From then till now - A study of changes in sustainability reports from 1998-2019. Level Bachelor thesis in Business Administration Authors William Johansson, Johan Finn Rydberg, Thom Werner Tutor Esbjörn Segelod Date 2020-06-09 Keywords Sustainability, Sustainability reports, Signalling theory, Stakeholder theory, Business emissions, Equality, Corruption, Donation, Business Research, GRI, CSR, CSR history, Voluntary disclosure and Legitimacy theory. Research Questions How have the sustainability reports changed in different GRI frameworks and how have it affected companies in different branches, depending on pages and line of business between 1998–2019? How have the word in the categories: environment, social and economic responsibility changed in companies sustainability reports between the years 1998–2019? Purpose The purpose with this study is to examine how businesses sustainability reports associated with energy-, automotive- and forest and paperproduct have effected their sustainability reports from an environmental, social and economical perspecitve from year 1998–2019. Method The method of this study is a quantitative method with a content analysis that consists of 75 sustainability reports in total where 62 of these 75 reports was used. These 62 reports are coming from 25 different companies associated to energy-, automotive and forest and paperpoduction. The study was made of sustainability reports from the year 1998 to 2019. The result of the study encoded to a scheme of code. Conclusion The conclusion of this study shows an increase of the sustainability reports in all three branches. The most of the words shows an increase from 1998-2019.Titel Från dåtid till nutid - En studie om förändringar i hållbarhetsredovisning mellan åren 1998–2019. Nivå Kandidatuppsats Författare William Johansson, Johan Finn Rydberg, Thom Werner Handledare Esbjörn Segelod Datum 2020-06-09 Nyckelord Sustainability, Sustainability reports, Signalling theory, Stakeholder theory, Business emissions, Equality, Corruption, Donation, Business Research, GRI, CSR, CSR history, Voluntary disclosure och Legitimacy theory. Frågeställningar Hur har företags hållbarhetsredovisning påverkats av förändringen i GRI:s ramverk, mätt i antal sidor samt branschtillhörighet mellan åren 1998-2019? Hur har begrepp inom miljö, socialt och ekonomiskt ansvar förändrats i företags hållbarhetsredovisningar mellan åren 1998–2019? Syfte Syftet med studien är att undersöka hur svenska företag i branscherna fordon, energi samt skog- och pappersproduktion har påverkat sin hållbarhetsredovisning utifrån miljö, socialt och ekonomiskt perspektiv, mellan åren 1998–2019. Metod Studiens tillvägagångssätt är kvantitativ metod med innehållsanalys som var tänkt att bestå av totalt 75 stycken hållbarhetsrapporter men endast 62 stycken kunde användas. Dessa 62 rapporter kommer från 25 olika företag som tillhör energi, skogs- och pappersproduktion och bilbranschen. Studien använde sig av hållbarhetsredovisningar från 1998–2019. Resultatet kodades därefter i ett kodningsschema. Slutsats Den slutsats som kan uppsatsen visar är att en ökning av antal hållbarhetsrapporter har ökat i alla tre branscher. Även de flesta orden påvisar en ökning under 1998–2019.
Книги з теми "Business Sustainability. Stakeholders Theory"
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1969-, Miles Samantha, ed. Stakeholders: Theory and practice. New York: Oxford University Press, 2006.
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1957-, Morse Stephen, ed. Visions of sustainability: Stakeholders, change and indicators. Aldershot, Hampshire, England: Ashgate, 2000.
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Sustainable Business: Theory and Practice of Business under Sustainability Principles. Cheltenham, UK: Edward Elgar, 2013.
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Practical sustainability: From grounded theory to emerging strategies. New York: Palgrave Macmillan, 2011.
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Edwards, Mark G. Organisational transformation for sustainability: An integral metatheory. New York, NY: Routledge, 2009.
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Organisational transformation for sustainability: An integral metatheory. New York: Routledge, 2010.
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Allen, Myria. Strategic communication for sustainable organizations: Theory and practice. Cham: Springer, 2015.
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A crisis of global sustainability. New York, NY: Routledge, 2013.
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Jay, Jason, Sara Soderstrom, and Gabriel Grant. Navigating the Paradoxes of Sustainability. Edited by Wendy K. Smith, Marianne W. Lewis, Paula Jarzabkowski, and Ann Langley. Oxford University Press, 2017. http://dx.doi.org/10.1093/oxfordhb/9780198754428.013.18.
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“Sustainability” is a domain of theory and practice in which people seek “win–win” opportunities for business and society, short- and long-term prosperity, humans and the natural environment. Lurking within the concept are some challenging paradoxes surrounding these parts and wholes of social systems that lead to tragedies of the commons. These paradoxes become salient when natural and organizational resources become scarce, when diverse societal stakeholders give voice to their interests and perspectives, and when efforts at organizational change bring these latent concerns to light. As people navigate these paradoxes of sustainability, they can manage them defensively, or actively engage paradox toward two positive outcomes. One is trade-off-breaking innovation that achieves win–win solutions. The other is flourishing of people who realize their contradictory sets of cares and motivations. Achieving the goals of the sustainability paradigm may therefore require “champions of ambivalence” who foster paradoxical thinking and action in organizations.
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SINGH, Dr ANIMESH, Dr BHAWNA CHOUDHARY, and Dr MANISHA GUPTA. TRANSFORMING BUSINESS THROUGH DIGITALIZATION. KAAV PUBLICATIONS, DELHI, INDIA, 2021. http://dx.doi.org/10.52458/9789391842390.2021.eb.
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The theme of this book “Transforming Business through Digitization‖ was chosen due to its relevance in the contemporary globalized world. The world is witnessing the pace of change of digitalization like never before the similar trend will be seen in future too. With integration of value chains and supply chains becoming a global imperative, the contribution of IT enabled services and digitalization has had great impact on Tran‘s nationalisation of businesses. The responsiveness in the value chains and in the larger supply chains will be the key to increasing the market share in future. The application of Artificial Intelligence has helped the stakeholders in value chains and supply chains in making informed & quick decisions. This has been made possible due to integrated and well organized businesses linkages leading to better storage, access and management of data. The increase digitalization and ability to track and capture data at different nodes in the value chain and supply chain will help the marketers understand the impact of various variables on the sales performance of various brands. The marketers have to work of ways to convince the stakeholders about the privacy of the data. In future there is a possibility of mixing compete data privacy with fluid artificial intelligence across the supply chain making business processes easier using the technology of block chains. The most important contribution of the digitalization in the supply chain may be seen in the area of sustainability and green initiatives. The may be made possible by the way of assessing the levels of reduction in exploitative and polluting systems and processes and making progressive modifications in those systems and processes. The book- ―transforming business through digitization‖ is an attempt to record Innovative and novel manuscripts, research-based articles, case studies, conceptual outcome-oriented business models, and practices from the innovative minds of researchers and academicians. The book encompasses twenty-four chapters with research-based perspectives in the area of e-commerce, digital governance, digital transaction platforms, business analytics, and digitalization in agriculture, digital marketing, block chain, nuero marketing, search engine marketing, UPIs, Search Engine Marketing, Digi-preneurship, and digital finance. The book can be read as a compendium of readings of digitization of business and industry.
Частини книг з теми "Business Sustainability. Stakeholders Theory"
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Jonker, Jan, and Niels Faber. "Parties Involved." In Organizing for Sustainability, 91–101. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-78157-6_7.
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AbstractThe central question in this building block of the Business Model Template (BMT) is identifying what stakeholders and other parties are pivotal for your success. Here you make an overview of them, not only determining who they are but also what interests they have in relation to your business model. Numerous tools have been developed to identify stakeholders. We will provide you with various tools to make a balanced identification. Defining the interests, influence and interrelationships between the stakeholders in your network helps to determine the connections that must be reinforced or made in order for your business model to function. In addition it helps in understanding who can play a crucial role in helping to create a fit between your business model and its environment. Finally, reflection on the key stakeholders and their roles is vital because of the input for the choice of strategy underpinning your business model.
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Fet, Annik Magerholm, and Martina Keitsch. "Business Challenges in the Transition to Sustainability." In Business Transitions: A Path to Sustainability, 3–11. Cham: Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-031-22245-0_1.
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AbstractThe first chapter of this book presents a brief history of Sustainable Development (SD) and takes a closer look at business and industry and their attitudes and actions towards sustainability regarding technological development, environmental issues and challenges for organizations. The goal of the chapter is to advocate for the growing need for competence building in sustainability amongst business leaders as well as societal stakeholders. It prepares the reader to understand how this can be done via the tools and strategies that are discussed in the following chapters of this book.
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Fet, Annik Magerholm, and Martina Keitsch. "The Way Forward." In Business Transitions: A Path to Sustainability, 251–61. Cham: Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-031-22245-0_24.
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AbstractThis chapter points to the way ahead by introducing five recommendations to meet the requirements set forward by the Stockholm+50 agenda. The requirements identify co-working as vital to addressing the planetary crisis of climate change, biodiversity loss and pollution, better collaboration and cooperation across all sectors, reinventing to a circular economy meaning decouple economic development from its destructive footprint, accessibility of data, and raising a common awareness for our planet. In response to this potential need, they present five transition options that might facilitate realising the requirements above and recognise a need for: (1) system change, (2) radical interdisciplinarity and trans-disciplinarity, (3) net positive leadership, (4) digitalization for sustainability, and (5) fair and inclusive transitions. Business leaders, their stakeholders and other groups should consider meeting these needs through their work in partnership with other actors.
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Fet, Annik Magerholm, and Haley Knudson. "The CapSEM Model." In Business Transitions: A Path to Sustainability, 13–28. Cham: Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-031-22245-0_2.
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AbstractOrganizations may feel pressurized to improve their sustainability performance and increase their orientation towards sustainability, but may not have either the knowledge as to where, or the capacity, to begin. This chapter therefore presents a systematized methodology of assessment and management tools for sustainability and environmental management known as the Capacity building in Sustainability and Environmental Management Model (the CapSEM Model). To help streamline their application for the business sector and industry, the methods and tools are positioned in relation to four levels of development: (1) production processes, (2) products and value chains, (3) organization and management and (4) larger systems, for example, industrial sectors or social systems.The discussion and analysis of tools presented in this chapter and explained throughout this book, address the growing need to engage stakeholders and to consider environmental, social and economic impacts across the entire life cycles of products in business strategies and organization management. The CapSEM Model Levels move from incremental business tools and their application in production processes, to holistic tools for change in organizations and larger systems. The transition to sustainable societies is considered analogous to growth in both systems and performance complexity.
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Krebs, Kristin, Christine Volkmann, and Marc Grünhagen. "Cultivating the Impact of Sustainable Entrepreneurship: A Discussion of Upscaling Approaches in Entrepreneurial Ecosystems." In FGF Studies in Small Business and Entrepreneurship, 241–64. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-031-11371-0_11.
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AbstractThere is substantial knowledge about the peculiarities of founding entrepreneurial ventures in general. However, comparatively little is known so far about the characteristics of establishing sustainable ventures aiming at solving ecological or social problems in society. It is particularly uncertain how sustainable entrepreneurs could attain a successful upscaling of their venture ideas to expand their impact from a local niche at origin towards reaching broader society-wide impact. At this junction between local niche and the wider societal regime or landscape level, entrepreneurial ecosystems may play a key role in providing instrumental support for sustainable ventures. Entrepreneurial ecosystems offer initial support in the formation of new sustainable ventures but, also later, helping sustainable entrepreneurs in the upscaling of their sustainable venture ideas. In this chapter, we explore how entrepreneurial ecosystems could support the expansion of sustainable ventures and help overcome the barriers and dilemmas for successful sustainability upscaling.The conceptual chapter discusses selected issues in the upscaling of sustainable ventures in the ecosystem context alongside typical barriers and dilemmas in sustainability upscaling. The contribution attempted in this chapter is to build a bridge between the literature strand on upscaling within sustainable innovation and the discussion of supportive ecosystems in the field of entrepreneurship. For example, we address the composition of ecosystem stakeholders and the importance of keeping a shared sustainability orientation in the ecosystem while integrating diverse stakeholders who provide resources for the upscaling process. The discussion in this chapter is based on reviewing recent literature on the upscaling phenomenon in sustainable innovation as well as on entrepreneurial ecosystems and sustainable entrepreneurship. In particular, we suggest that upscaling in entrepreneurial ecosystems may be understood as an open-ended evolutionary process, with ecosystem networks and stakeholder collaboration providing stable spaces for reflexive discourse and learning.
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Ionescu-Somers, Aileen, and Ulrich Steger. "The Pressure of Stakeholders." In Business Logic for Sustainability, 78–111. London: Palgrave Macmillan UK, 2008. http://dx.doi.org/10.1057/9780230583504_4.
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Blanc, Mathieu, Jean-Luc Chenaux, and Edgar Philippin. "Corporate Purpose: How the Board of Directors Can Achieve an Inclusive Corporate Governance Regime." In The International Handbook of Social Enterprise Law, 101–31. Cham: Springer International Publishing, 2022. http://dx.doi.org/10.1007/978-3-031-14216-1_6.
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AbstractLarge corporations are currently facing critical challenges after many financial crises and scandals, which led to a loss of public confidence. In addition, inequality, climate change, and new technologies create systemic risks for corporations. In that context, economic and legal scholars, as well as directors and regulators, extensively debate issues revolving around the “profit” of corporations as well as about the “purpose” of companies, a notion that is different from their mere “object.” In our view, the theory of the purpose-driven company could help overcome the never-ending dispute between the partisans of shareholders’ wealth maximization and the promoters of stakeholder governance. To materialize and implement the company’s purpose, missions, and core values, the board of directors (in engagement with shareholders) shall assess its impact on a broader social and economic environment. The identification and expression of the purpose will facilitate the company’s value creation and long-term business sustainability. The board of directors shall further take into consideration all stakeholders as well as define and identify the main purpose recipient (customers, employees, environment, etc.). Within this frame, the board of directors will act as both a corporate purpose guardian and a mediator of the various (potentially) conflicting interests held by the different constituencies.
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Trihajuwidjajani, Weniubel Ratana, Peter Marshall, and Judy McKay. "Stakeholders’ Perceptions of a Business Process Reengineering Project." In Systems for Sustainability, 689–95. Boston, MA: Springer US, 1997. http://dx.doi.org/10.1007/978-1-4899-0265-8_114.
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Fet, Annik Magerholm, and Martina Keitsch. "Transition to Sustainability." In Business Transitions: A Path to Sustainability, 215–22. Cham: Springer International Publishing, 2023. http://dx.doi.org/10.1007/978-3-031-22245-0_21.
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AbstractCompanies are increasingly faced with the challenge of how to implement sustainability strategies in their business performances. This chapter discusses transition processes, presents mechanisms, and clarifies how tools and methodologies from Part II of this book can help companies in the transition process towards more sustainable practices. It further elaborates on how the CapSEM Model contributes to bottom-up approaches to sustainability transition processes as well as the importance of stakeholder collaboration and involvement.
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Ditlev-Simonsen, Caroline D. "The Business Case for Sustainability." In A Guide to Sustainable Corporate Responsibility, 103–28. Cham: Springer International Publishing, 2021. http://dx.doi.org/10.1007/978-3-030-88203-7_5.
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AbstractIn this chapter, I discuss how companies address sustainability challenges. First, the chapter begins with examples of different corporate approaches to taking responsibility for sustainability. Second, I explore how companies are viewed from the stakeholder perspective, so how others outside the company view the managers’ motivations for engaging in corporate responsibility. Although most companies are still motivated by risk reduction and/or marketing in their sustainability work, this chapter will reframe the motivations into something more positive—a business opportunity. Four cases will be presented, Nike, Arthur Andersen, Volkswagen, and companies involved in the Rana Plaza tragedy, and the companies’ approaches relative to the following strategies will be discussed: reacting, defending, accommodating, and, finally, a proactive approach in which a business’s profitability is anchored in sustainability. The chapter will conclude with reflections on business models for sustainability.
Тези доповідей конференцій з теми "Business Sustainability. Stakeholders Theory"
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Gigauri, Iza, Mirela Panait, and Maria Palazzo. "Teaching Corporate Social Responsibility and Business Ethics at Economic Programs." In 2nd International Conference Global Ethics - Key of Sustainability (GEKoS). LUMEN Publishing House, 2021. http://dx.doi.org/10.18662/lumproc/gekos2021/3.
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The pandemic is seen as an opportunity to further advance in business ethics. Prof. Freeman called academics to contribute to developing more ethical business models. Businesses have been revising their missions towards more ethical business models as the pandemic has changed attitudes to life. Society expects that companies will serve human beings rather than solely maximization of profit to their stakeholders. This research is motivated by analyzing the importance of teaching business ethics. This research has looked into the directions of business education in terms of corporate social responsibility (CSR) and business ethics. The article intends to highlight the potential of CSR education in overcoming the pandemic crisis and increasing the wellbeing of society. This desk research underlines the standpoint of universities whether they should teach business ethics or CSR at the business faculties, and analyzes the educational programs of the business faculties to find out their attitude towards teaching of CSR/ethics.
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Chitescu, Răzvan Ion, Lama Al Rihani Dit Tallaj, and Mădălina Nicoleta Frînculeasa. "Educating Youth for Business Ethics." In 3rd International Conference Global Ethics -Key of Sustainability (GEKoS). Lumen Publishing House, 2023. http://dx.doi.org/10.18662/lumproc/gekos2022/08.
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The socio-political situation and economic liberalization led to the emergence of numerous businesses. Today's society's tendency towards quick profits has led to the need for an increasingly meaningful application of business ethics perceptions to maintain legal and moral standards. Young people represent a category familiar, in general, with the theoretical notions that define the conceptual framework of business ethics (by completing courses specific to the university curriculum in economic sciences) or, finding themselves at the beginning of their professional life, confused business ethics with loyalty and fairness professional. The work presented is a study based on a survey that had as a tool the questionnaire made in order to highlight the ethical behavior in business, the elements that define it, the factors that influence it, and the At the same time, the main unethical behaviors specific to the three categories present were identified in an organization – manager (as an individual), management team, employee. The results showed that there are reciprocal influences between the three behavioral types. The adoption of a moral commitment and the foundation of an ethical conception can be achieved through education or by observing a diverse code of ethical conduct through which to provide an answer and/or solutions to the problems related to organizational practices. The ethical profile of businesses is important in order to attract and positively involve all stakeholders, which leads to obtaining competitive advantages but also to the consolidation of a healthy economy.
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Ricci, Federica, Vincenzo Scafarto, and Gaetano Della Corte. "Board gender diversity and corporate environmental sustainability: A research agenda." In Corporate governance: Theory and practice. Virtus Interpress, 2022. http://dx.doi.org/10.22495/cgtapp3.
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Environmental sustainability as a pillar of corporate sustainability has gained increasing prominence in policy and academic discourses (Birindelli, Iannuzzi, & Savioli, 2019). The rise of regulatory frameworks, combined with stakeholder pressures to discourage actions that are harmful to the community and the environment, are driving companies to respond to the increased demand for environmental sustainability as a means to enhance their reputation and sustain their business over time. The results of this study may contribute to a better understanding of the role of board gender diversity in corporate environmental sustainability, outlining the current state of research and providing an agenda for future research.
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Kardos, Barbara, and Andrea Madarasi-Szirmai. "New Trends in Corporate Reporting in the Light of Sustainability." In Challenges in Economics and Business in the Post-COVID Times. University of Maribor Press, 2022. http://dx.doi.org/10.18690/um.epf.5.2022.28.
Повний текст джерелаАнотація:
Independently of the negative economic, social and human effects of the COVID-19 virus, sustainability is an emerging issue. The purpose of sustainability and integrated reporting is to create a holistic approach to performance measurement, bridging financial and non-financial measures based on integrated thinking that covers all the key elements of a business. Publishing these reports is a way for external communication to show a comprehensive picture. In order to prepare a good quality report, companies need to identify their stakeholders, their interests, needs and expectations while also presenting all the relevant information in a concise and structured report. In this paper, we describe the background and development of sustainability/integrated reporting in terms of its regulatory and application environment. We concluded that although there are different interests and approaches, intensifying intensions to form generally accepted and uniform regulations in sustainable reporting are existing and escalating. In this paper, we summarise the practice of companies from some EU countries in sustainability/integrated reporting. In practice, despite the common EU directive, the content, level of detailed presentation and structure of the reports of non-financial information differs from country to country and company to company, which restricts the ability to compare these reports or elements.
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Pavlović, Milica, and Ksenija Denčić-Mihajlov. "CSR REPORTING DURING THE COVID-19 PANDEMIC: A COMMON WAY TO DISCLOSE NEW SOCIAL AND ECONOMIC CHALLENGES." In Economic and Business Trends Shaping the Future. Ss Cyril and Methodius University, Faculty of Economics-Skopje, 2022. http://dx.doi.org/10.47063/ebtsf.2022.0013.
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The COVID-19 pandemic caused numerous socio-economic problems in addition to health consequences. Namely, during the pandemic, many companies suspended their operations, and trade was also disrupted in most industrial sectors. Furthermore, a number of existing assumptions, concepts and practices of corporate social responsibility (CSR) and sustainability were clearly questioned in this period. In this difficult context, companies are called upon to contribute to overcome the crisis with their socially responsible business and make a positive contribution to society. CSR disclosure plays an important role in informing socially responsible investors and other interested stakeholders about the challenges faced by companies in terms of CSR during the pandemic, as well as the CSR activities undertaken during this period. Keeping this in mind, the aim of the conducted research is to examine whether the COVID-19 pandemic affected the level of disclosure, as well as the change in CSR disclosure priorities among companies operating on two Southeast European frontier markets – Republic of Serbia and North Macedonia, through a comparative review of CSR reporting practices, in accordance with the GRI framework. The research includes 37 companies included in the structure of the BELEXline and MBI10 indices in the period before (2014-2019) and during the COVID-19 pandemic (2020-2021). Judging from the Economic and Social Disclosure Index structure and value trends, the findings indicate that: 1) the COVID-19 pandemic did not negatively affect the level of CSR disclosure, 2) social issues of sustainability were given priority in reporting, especially issues related to finding an alternative to layoffs, worker protection and safety at work. In this way, companies proactively interacted with stakeholders by disclosing additional CSR information focused on the existing social and economic challenges and their sustainability achievements during the pandemic period.
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Athalye, S. A., S. K. Govindarajan, C. A. Lopez, Marcos Esterman, and Sandra Rothenberg. "Challenges in Incorporating Sustainability Into Product Development: An Exploratory Study." In ASME 2009 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference. ASMEDC, 2009. http://dx.doi.org/10.1115/detc2009-87637.
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Despite decades of disaggregated initiatives aimed at improving the well-being and quality of life of its employees, their families, communities and stakeholders, many high-technology firms are still struggling to develop an integrated approach to address the triple bottom line aspects of sustainability. In particular how sustainability is being integrated into the product development process, and the challenges that result, is of interest to this work. A literature review into the role of internal factors of how a firm implements a sustainability strategy revealed that it was too normative to guide the implementation of a corporate sustainability strategy at the level of the product development value chain. Therefore, to better understand how senior and mid-level managers actually implement such a strategy, a case study was conducted at two business divisions of two different large, multinational firms that are relatively early in their development of an integrated sustainability strategy. The findings provide insight into the role of internal factors at the level of a business division as it attempts to incorporate sustainability into its product development value chain.
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Ernsteins, Raimonds, Ivars Kudrenickis, Janis Kaulins, and Anita Lontone-Ievina. "Pro-Environmental Municipal Governance Developments in Latvia: Sustainability and Integration Principles in the Practice." In Contemporary Issues in Business, Management and Education. Vilnius Gediminas Technical University, 2017. http://dx.doi.org/10.3846/cbme.2017.136.
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Studies being presented here have been done as initial part of wider research-and-developemnt (R&D) programme, aiming to investigate preconditions and all instruments set necessary for environmental governance adequate integration into legally required societal (sustainable) development governance/planning framework and municipal governance practice. This have been done studying governance by its triple complementary dimensions of governance content, governance process and governance stakeholders and approaching municipality as a complex and interactive socio-ecological system. Accordingly, pilot investigations have been done as various thematical case studies in preselected model municipalities – six studies/pilot studies, based on the integrated case study research methodology, including and complementary applying document studies, interviews, surveys, observations and focus groups. Existing development planning and other instruments combined with municipal planning capacities are neither sufficient nor effective, and, since step-wise developmental process for sustainability principle integration seems to be not perspective as quite similar also with integration principle as for complex planning process and also as for thematical meaning of integrations of environmental governance into develoment one. Since environmental sector planning documents are not mandatory anymore at local municipalities, environmental sector planning process and content in the development planning practice is often limited, but few ad hoc available and used formal environmental planning instruments are neither sufficient or used just temporaly. There is to be seen necessity to develop innovative methodologies and tools as done during this research-and-development project.
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Bekhradi, Alborz, Bernard Yannou, François Cluzel, Frédérique Chabbert, and Romain Farel. "In Vivo In Situ Experimentation Projects by Innovative Cleantech Start-Ups in Paris." In ASME 2015 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference. American Society of Mechanical Engineers, 2015. http://dx.doi.org/10.1115/detc2015-47631.
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Cities play an essential role in facilitating and supporting the real-world experimentations (for instance in public spaces with real users) of innovative products and services in the field of clean technologies. In this respect, the City of Paris has implemented an experimentation mechanism to help innovative start-ups improving their solutions and robustifying their business models in a multi-stakeholder eco-system. Nonetheless, a primary investigation demonstrated that the efficiency of these in vivo in situ experimentations have means of being improved. To deal with this issue, the current paper proposes a critical review and a characterization of the existing projects related to clean technology and sustainability themes. A study over 25 experimentation projects results in identifying matches and mismatches between the expectations and the obtained results of tests by innovative start-ups. We have statistically demonstrated that the most important purpose of running experimentation projects by start-ups is to test and build a relevant “stakeholders network” around their businesses. Furthermore, we have assessed the influence of these experimentations on the design of innovative products.
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Toljaga-Nikolić, Danijela, Vladimir Obradović, and Marija Todorović. "THE ROLE OF SUSTAINABLE PROJECT MANAGEMENT IN VALUE CO-CREATION." In 10th IPMA Research conference: Value co-creation in the project society. International Project Management Association, Serbian Project Management Association, 2022. http://dx.doi.org/10.56889/kxhb7653.
Повний текст джерелаАнотація:
business so that it begins to operate on the principles of sustainability, ensure the implementation of a sustainable development strategy, and contribute to creating value for the organization and society. Searching for options to establish long-term stable businesses in an unstable environment, organizations began exploring the benefits of the concept of sustainable development and ways to integrate it at all levels of government in a relatively short period of time. By deciding to integrate the concept of sustainable development into their business strategies, organizations contribute to the co-creation of value because each individual in the business system acts in such a way as to minimize the harmful impact and maximize the positive impact of business activities on society and the environment. The research examined the contribution of sustainable project management to value creation through project results, which establishes a balance between satisfying the expectations of clients and other stakeholders and achieving economic goals while contributing to social well-being and environmental protection.
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Menéndez, Jaime, Jorge Fernández, and Andrés Araujo. "Assessing Sustainability Strategies in the Oil and Gas Sector through the Sustainable Development Goals. A Case Study of a Multi-Stakeholder Innovation Ecosystem." In International Petroleum Technology Conference. IPTC, 2022. http://dx.doi.org/10.2523/iptc-22272-ms.
Повний текст джерелаАнотація:
Abstract Developing effective sustainability strategies by oil and gas (O&G) companies requires that they embrace the global call to incorporate the United Nations’ Sustainable Development Goals (SDGs) into their business strategies and operations. However, more attention is needed in the academic literature regarding the analysis of the linkage between O&G companies and the SDGs. A previous study by the authors proposed an analysis process in order to assess sustainability strategies in the O&G sector, based on the combination of two sources of information provided by relevant international organizations in the energy field. This initial research focused on a small number of SDGs, which may not reflect the complexity of the approach to sustainability by an O&G company. Therefore, an extension of the analysis is introduced in this paper following a research with two stages. The first stage is based on case study methodology (taking a refinery in the Basque Country, in Northern Spain). This yields a qualitative identification of different avenues that the O&G company under study can follow to contribute to targeted SDGs with its own technological and industrial resources and current research and innovation projects. Building on this, the second stage of this line of research focuses on identifying which business relationships are the result of the activities and projects that contribute to SDGs. As a whole, the universe of business and non-business relationships constitute a growing multi-stakeholder innovation ecosystem on which the company relies to achieve its sustainability objectives. This innovation network around the refinery's operations encompasses a variety of stakeholders (companies, technology and research centers, universities and others) working on innovative projects related to hydrogen and synthetic fuels production, circular economy, electric vehicles, energy storage, renewable energy communities or digitalization, among other technologies and energy carriers. This ecosystem is supported by a web of public-private cooperation schemes at different government levels. The outcome of this approach to innovation reflects how, by adopting a multi-energy strategy, the analyzed company can act as a catalyst for innovation spillovers and synergies in the whole Basque Country region, which has implications that go beyond energy and climate issues.
Звіти організацій з теми "Business Sustainability. Stakeholders Theory"
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Paternina Blanco, Joshua, Elisabeth Windisch, Stephen Perkins, Asuka Ito, and Jonathan Leape. Open configuration options Decarbonising Transport in Latin American Cities: A Review of Policies and Key Challenges. Inter-American Development Bank, February 2022. http://dx.doi.org/10.18235/0003987.
Повний текст джерелаАнотація:
This report is the first output of the Decarbonising Transport in Latin American Cities project (DTLA), developed jointly by the Inter-American Development Bank (IDB) and the International Transport Forum (ITF-OECD). As a result of this initiative, this first report describes a review of policies and key mobility challenges to deliver on a sustainable transport system. A second report provides a quantitative assessment tool that allows assessing the impact of transport CO2 reduction actions and respective scenarios to 2050. Both reports facilitate policy dialogue across all relevant stakeholders and supports peer learning and best practice exchange between the case study cities and beyond. Moreover, the reports bring out the need for rethinking decarbonization policies to consider their potential for achieving other benefits related with improving the quality of the transport services, closing gender equality gaps, and improving financial sustainability of current business models.
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Papaioannou, Dimitrios, and Elisabeth Windisch. Open configuration options Decarbonising Transport in Latin American Cities: Assessing Scenarios. Edited by Laureen Montes Calero and Ernesto Monter. Inter-American Development Bank, February 2022. http://dx.doi.org/10.18235/0003976.
Повний текст джерелаАнотація:
This report is the second output of the Decarbonising Transport in Latin American Cities project (DTLA), developed jointly by the Inter-American Development Bank (IDB) and the International Transport Forum (ITF-OECD). DTLA supports transport decarbonisation in Bogota (Colombia), Buenos Aires (Argentina), and Mexico City (Mexico). These cities were selected based on their data availability about urban transport activity. As a result of this initiative, the first report describes a review of policies and key mobility challenges to deliver on a sustainable transport system. This second report presents the development and provision of a quantitative assessment tool that allows assessing the impact of transport CO2 reduction actions and respective scenarios to 2050. Both reports facilitate policy dialogue across all relevant stakeholders and supports peer learning and best practice exchange between the case study cities and beyond. Moreover, the reports bring out the need for rethinking decarbonization policies to consider their potential for achieving other benefits related with improving the quality of the transport services, closing gender equality gaps, and improving financial sustainability of current business models.
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Olsson, Olle. Industrial decarbonization done right: identifying success factors for well-functioning permitting processes. Stockholm Environment Institute, November 2021. http://dx.doi.org/10.51414/sei2021.034.
Повний текст джерелаАнотація:
1 Introduction 1.1 The urgency of industrial decarbonization The last few years have seen several of the world’s largest carbon dioxide-emitting countries and leading heavy industry companies committing to mid-century net-zero targets (Buckley 2021; Denyer and Kashiwagi 2020; McCurry 2020; Myers 2020). Consequently, the discussion on economy-wide transition to net-zero is accelerating, with focus shifting from “if” to “when” and “how”, even for heavy industry sectors like steel, cement and chemicals. This makes it increasingly urgent to analyse not just whether it is technologically feasible to decarbonize heavy industry, but also investigate issues more directly related to practical implementation. This includes site-specific planning, infrastructure availability, and consultation with local authorities and other stakeholders. Many of the latter considerations are formalized as part of the permitting processes that are an essential vehicle to ensure that industrial interests are balanced against interests of society at large. However, doing this balancing act can turn out to be very complicated and associated with uncertainties as to their outcome, as well as being demanding in resources and time. At the same time, to ensure broad buy-in and support from society, the investments needed must be implemented in a way that takes a broad spectrum of sustainability concerns into account, not just climate change mitigation. A key question is if and how permitting processes can run more smoothly and efficiently while still ensuring inclusive consultations, fair procedures and adherence to legal certainty. This policy brief discusses this question from the starting point of Swedish conditions, but many of the points raised will be relevant for a broader international discussion on taking industrial decarbonization to implementation. 1.2 Industrial transition and permitting processes in Sweden Decarbonization of the industrial sector in Sweden essentially entails a relatively small number of investment projects in the cement, steel, petrochemical and refinery sectors, where the vast majority of carbon emissions are concentrated (Karltorp et al. 2019; Nykvist et al. 2020). However, while few in number, the size of these investments means that their implementation will by necessity become relevant to many other parts of society. In connection with the increasing focus on how to implement industrial decarbonization in Sweden, discussions about permitting processes have been brought higher up on the agenda. While there has been an active discussion on permitting processes in Sweden for quite some time, it has primarily been focused on aspects related to mining and wind power (Larsen et al. 2017; Raitio et al. 2020). The last few years have, however, focused increasingly on industrial projects, in particular related to a proposed – though eventually cancelled – expansion of an oil refinery in the southwestern part of the country (Blad 2020). In terms of political discussions, both the governmental initiative Fossil-free Sweden (2020) and the Swedish Climate Policy Council (2020) emphasize that permitting processes need to become faster in order for Sweden’s industrial transition to be implemented in line with the time plan set by the 2017 Swedish Climate Act. Business representatives and organizations are also voicing concerns about the slow speed of permitting (Balanskommissionen 2019; Jacke 2018). At the same time, criticism has been raised that much of the environmental damage done in Sweden comes from activities conducted within limits set by environmental permits, which could be a flaw in the system (Malmaeus and Lindblom 2019). Finally, recent public inquiries have also discussed permitting processes.
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Rezaie, Shogofa, Fedra Vanhuyse, Karin André, and Maryna Henrysson. Governing the circular economy: how urban policymakers can accelerate the agenda. Stockholm Environment Institute, September 2022. http://dx.doi.org/10.51414/sei2022.027.
Повний текст джерелаАнотація:
We believe the climate crisis will be resolved in cities. Today, while cities occupy only 2% of the Earth's surface, 57% of the world's population lives in cities, and by 2050, it will jump to 68% (UN, 2018). Currently, cities consume over 75% of natural resources, accumulate 50% of the global waste and emit up to 80% of greenhouse gases (Ellen MacArthur Foundation, 2017). Cities generate 70% of the global gross domestic product and are significant drivers of economic growth (UN-Habitat III, 2016). At the same time, cities sit on the frontline of natural disasters such as floods, storms and droughts (De Sherbinin et al., 2007; Major et al., 2011; Rockström et al., 2021). One of the sustainability pathways to reduce the environmental consequences of the current extract-make-dispose model (or the "linear economy") is a circular economy (CE) model. A CE is defined as "an economic system that is based on business models which replace the 'end-of-life' concept with reducing, alternatively reusing, recycling and recovering materials in production/distribution and consumption processes" (Kirchherr et al., 2017, p. 224). By redesigning production processes and thereby extending the lifespan of goods and materials, researchers suggest that CE approaches reduce waste and increase employment and resource security while sustaining business competitiveness (Korhonen et al., 2018; Niskanen et al., 2020; Stahel, 2012; Winans et al., 2017). Organizations such as the Ellen MacArthur Foundation and Circle Economy help steer businesses toward CE strategies. The CE is also a political priority in countries and municipalities globally. For instance, the CE Action Plan, launched by the European Commission in 2015 and reconfirmed in 2020, is a central pillar of the European Green Deal (European Commission, 2015, 2020). Additionally, more governments are implementing national CE strategies in China (Ellen MacArthur Foundation, 2018), Colombia (Government of the Republic of Colombia, 2019), Finland (Sitra, 2016), Sweden (Government Offices of Sweden, 2020) and the US (Metabolic, 2018, 2019), to name a few. Meanwhile, more cities worldwide are adopting CE models to achieve more resource-efficient urban management systems, thereby advancing their environmental ambitions (Petit-Boix & Leipold, 2018; Turcu & Gillie, 2020; Vanhuyse, Haddaway, et al., 2021). Cities with CE ambitions include, Amsterdam, Barcelona, Paris, Toronto, Peterborough (England) and Umeå (Sweden) (OECD, 2020a). In Europe, over 60 cities signed the European Circular Cities Declaration (2020) to harmonize the transition towards a CE in the region. In this policy brief, we provide insights into common challenges local governments face in implementing their CE plans and suggest recommendations for overcoming these. It aims to answer the question: How can the CE agenda be governed in cities? It is based on the results of the Urban Circularity Assessment Framework (UCAF) project, building on findings from 25 interviews, focus group discussions and workshops held with different stakeholder groups in Umeå, as well as research on Stockholm's urban circularity potential, including findings from 11 expert interviews (Rezaie, 2021). Our findings were complemented by the Circular Economy Lab project (Rezaie et al., 2022) and experiences from working with municipal governments in Sweden, Belgium, France and the UK, on CE and environmental and social sustainability.
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Glick, Mark, Gabriel A. Lozada, and Darren Bush. Why Economists Should Support Populist Antitrust Goals. Institute for New Economic Thinking Working Paper Series, December 2022. http://dx.doi.org/10.36687/inetwp195.
Повний текст джерелаАнотація:
Antitrust economists have generally supported the Consumer Welfare Standard as a guide to antitrust policy questions because of its origins in Marshall’s consumer surplus approach and the general economic surplus approach to welfare economics. But welfare economists no longer support the surplus approach because decades of research pertaining to the surplus approach have uncovered numerous inconsistencies and serious ethical challenges. However, the surplus approach to welfare survives in industrial organization textbooks and among industrial organization economists that specialize in antitrust. We argue in this paper that the Consumer Welfare Standard is not a reliable standard and should be abandoned. We cite several reasons: (1) it limits antitrust goals a priori without any defensible justification, (2) it considers all transfers of surplus between stakeholders in antitrust cases to be welfare neutral, (3) it is biased in favor of big business and the rich, and (4) the accumulation of inconsistencies and problems documented by welfare economists renders the theory completely unreliable. In a final section of the paper, we preliminarily contend that modern research in welfare economics concerning the factors that influence human welfare could be used to inform a more progressive standard for determining antitrust goals.