In Search of Sustainable Value: A Structured Literature Review
| Autor: | Paolo Taticchi, Andrea Cardoni, Evgeniia Kiseleva |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Value (ethics)
sustainable value lcsh:TJ807-830 Geography Planning and Development lcsh:Renewable energy sources structured literature review Time horizon 010501 environmental sciences Management Monitoring Policy and Law 01 natural sciences stakeholders Globalization Shareholder 0502 economics and business CSR lcsh:Environmental sciences 0105 earth and related environmental sciences lcsh:GE1-350 Sustainable Value Renewable Energy Sustainability and the Environment lcsh:Environmental effects of industries and plants 05 social sciences Stakeholder Environmental economics sustainability lcsh:TD194-195 Sustainability Corporate social responsibility Business environment 050203 business & management |
| Zdroj: | Sustainability Volume 12 Issue 2 Sustainability, Vol 12, Iss 2, p 615 (2020) |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su12020615 |
| Popis: | The concept of value, where shareholders are the main recipients of the created value, is changing towards more comprehensive models, which respond to the increased stakeholder awareness and urgent sustainability agenda. Hart and Milstein (2003) elaborated the widely used sustainable value concept in which they characterize temporal and spatial dimensions of value, and suggest strategic drivers for sustainability. Although the framework is highly cited, there is no review on the changes over more than ten years. In this paper, we adopted a structured literature review methodology to discover how the concept of sustainable value has been used by researchers and how it has been developed. Our findings show that sustainable value has mainly been used as the general phrase to describe positive business results instead of using it as a concept. Scholars, who make an in-depth analysis of sustainable value do not emphasize the time horizon of sustainable value as its peculiar characteristic while broad stakeholder surrounding is called to be an important feature of sustainable value. Additionally, strategic drivers for sustainability have moved from being purely environmental as in Hart and Milstein&rsquo s (2003) concept: globalization, economic fluctuations, and knowledge innovation have become as important as green technologies and carbon-reduction policies. |
| Databáze: | OpenAIRE |
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