sustainability-logo

Journal Browser

Journal Browser

Special Issue "Sustainable Economy for the Common Good"

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (31 December 2020).

Special Issue Editor

Dr. Vanessa Campos-Climent
E-Mail Website
Guest Editor
Business Administration Dept., Universitat de València, Chair in Economy for the Common Good, València, Spain
Interests: economy for the common good; corporate sustainability; sustainability strategy; sustainable entrepreneurship; social businesses

Special Issue Information

Dear Colleagues,

This Special Issue will comprise papers covering a wide range of aspects related to the Economy for the Common Good (ECG) as a framework to operationalize sustainability in the business context.

Sustainability and corporate sustainability are topics that have gained lots of attention in the business sphere. The debate has moved from corporate social responsibility to corporate sustainability. Consequently, there is a growing interest in management frameworks that allow us to integrate and monitor corporate sustainability into the business strategy.

Likewise, the 2030 agenda set by the United Nations (UN) advocates for the implementation of the Sustainable Development Goals (SDGs) at the corporate level following a multistakeholder approach. Some sustainability frameworks (e.g., SDG Compass, among others) have demonstrated its usability and effectiveness in large businesses. However, their applicability to micro, small, and medium-sized enterprises (MSMEs) is under scrutiny. Therefore, the availability of sustainability frameworks suitable for MSMEs, such as the ECG, may be crucial to the successful implementation of the SDGs in most firms.

Thus, papers addressing the contribution of the ECG framework to the integration of sustainability and, SDGs into the business strategy from an empirical point of view are especially welcome. Papers selected for this issue may also address theoretical and methodological developments.

Dr. Vanessa Campos-Climent
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1900 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • economy for the common good
  • SDGs
  • sustainability strategy
  • sustainability management
  • sustainability framework
  • sustainable supply chain
  • sustainable businesses
  • sustainable innovation
  • MSMEs
  • multistakeholder

Published Papers (8 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

Article
From Neoclassical Economics to Common Good Economics
Sustainability 2021, 13(4), 2093; https://doi.org/10.3390/su13042093 - 16 Feb 2021
Cited by 1 | Viewed by 1708
Abstract
The economy for the common good (ECG) has been developed as a practical economic model, starting in Austria, Bavaria, and South Tyrol in 2010. Nowadays, ECG is considered a viable approach for sustainable transformation across Europe, and also worldwide. Within economic policy, ECG [...] Read more.
The economy for the common good (ECG) has been developed as a practical economic model, starting in Austria, Bavaria, and South Tyrol in 2010. Nowadays, ECG is considered a viable approach for sustainable transformation across Europe, and also worldwide. Within economic policy, ECG expands social market economy concepts; from a theoretical perspective of economics the question arises, of whether the implicit theoretical model refines the neoclassical paradigm or actually transcends it. During the first scientific conference on the ECG, at the end of 2019 at the University of Applied Sciences Bremen, some 150 participants concluded that an investigation of ECG practices was necessary, and that the fundamental theory needs to be developed in an explicit and systematic way. This article is a first attempt at contrasting the theoretical basis of the ECG model with neoclassical economics, using core concepts and cornerstones of the latter’s paradigm. The outcome is the cornerstone of common good economics. Full article
(This article belongs to the Special Issue Sustainable Economy for the Common Good)
Show Figures

Figure 1

Article
The Common Good Balance Sheet and Employees’ Perceptions, Attitudes and Behaviors
Sustainability 2021, 13(3), 1592; https://doi.org/10.3390/su13031592 - 02 Feb 2021
Viewed by 1705
Abstract
The Common Good Balance Sheet (CGB) is an instrument to measure a company’s contribution to the common good. In our study, we investigate whether employees from companies with higher CBG scores perceive more corporate social responsibility than employees from companies with lower CBG [...] Read more.
The Common Good Balance Sheet (CGB) is an instrument to measure a company’s contribution to the common good. In our study, we investigate whether employees from companies with higher CBG scores perceive more corporate social responsibility than employees from companies with lower CBG scores and whether relationships can be found between the achieved CGB scores and employees’ job-related attitudes and behaviors. We conducted an online survey of 332 employees from eight German companies with published CGBs. According to results from multiple linear regression analyses, employees from companies with higher CGB scores perceive more CSR and are more satisfied with their jobs and payments. In addition, they report less job demands, more organizational support, more work meaningfulness and more organizational citizenship behaviors towards their company. Employees identify more with their company if high transparency and co-determination is practiced. However, the value and social impact of the companies’ products is not related to employees’ organizational identification. Moreover, employees from companies with high CGB scores do not report more organizational citizenship behaviors towards their colleagues. Our results indicate that the CGB is a tool that measures aspects concerning job-related attitudes and behaviors and allows comparability between companies. However, aspects relevant to job satisfaction may still be missing in the CGB scoring. Full article
(This article belongs to the Special Issue Sustainable Economy for the Common Good)
Show Figures

Figure 1

Article
Priority Stakeholders’ Perception: Social Responsibility Indicators
Sustainability 2021, 13(3), 1034; https://doi.org/10.3390/su13031034 - 20 Jan 2021
Cited by 1 | Viewed by 594
Abstract
This study aims to build a list of composite indicators by information that enable the assessment of philanthropic higher education organizations’ (PHEOs) social responsibility based on the interests of their stakeholders. A list of 88 social responsibility indicators was built based on a [...] Read more.
This study aims to build a list of composite indicators by information that enable the assessment of philanthropic higher education organizations’ (PHEOs) social responsibility based on the interests of their stakeholders. A list of 88 social responsibility indicators was built based on a literature review and stakeholder interest to serve as a basis for the composite indicators. In order to identify and validate the indicators, field research was carried out. Stakeholders from Brazil and the United Kingdom scored them from one (not important) to five (very important) for each indicator identified in the literature review. With 540 valid answers, they suggested inclusions and exclusions according to their interests. Next, a correlation analysis was performed to identify and eliminate redundant indicators. The principal component analysis extracted the composite indicators. The results point to 11 principal components that are configured as composite indicators to evaluate the performance of PHEOs social responsibility considering the stakeholder’s interests, a factor that differentiates this research from the literature revision done. Some of the composite indicators are close to the social responsibility categories reviewed in the literature. However, others show more specific and in-depth interests, especially regarding the stakeholders themselves. These composite indicators help managers establish disclosure policies whenever they are focused on seeking legitimacy in the social context of PHEOs. It also contributes to the advancement of theoretical knowledge, presenting composite indicators, from the stakeholder’s perspective, for the disclosure of social responsibility of PHEOs. Full article
(This article belongs to the Special Issue Sustainable Economy for the Common Good)
Show Figures

Figure 1

Article
High-Commitment Work Practices and the Social Responsibility Issue: Interaction and Benefits
Sustainability 2021, 13(2), 459; https://doi.org/10.3390/su13020459 - 06 Jan 2021
Cited by 1 | Viewed by 851
Abstract
Human Resource Management (HRM) has a potentially vital role to play in addressing the new challenges that companies have to face and in delivering initiatives in the framework of corporate sustainability. Our work attempts to shed light on the strategic role of High-Commitment [...] Read more.
Human Resource Management (HRM) has a potentially vital role to play in addressing the new challenges that companies have to face and in delivering initiatives in the framework of corporate sustainability. Our work attempts to shed light on the strategic role of High-Commitment Work Practices (HCWP) as a Corporate Sustainability (CS) partner and, more specifically, to analyze the implications of their integration on the competitiveness of the firm. With this purpose, we apply a qualitative methodology, using a single case study, to explore and explain why and how the interaction between HCWP and CS takes place. The results show how this interaction encourages the formulation and implementation of new socially responsible organizational initiatives that help the firm to improve its competitive position in the market through the development of employees’ innovative behavior. HCWP integrate with CS initiatives when CS values form part of the mission and strategy of the firm. Also, HCWP support CS deployment, primarily in its internal dimension. In addition, our work reveals that cultural factors such as organizational values and management style, and structural factors like empowerment and teamwork must be jointly considered when adopting a CS strategy aimed at developing innovative behavior and competitive advantage. Full article
(This article belongs to the Special Issue Sustainable Economy for the Common Good)
Show Figures

Figure 1

Article
Assessing the Economy for the Common Good Measurement Theory Ability to Integrate the SDGs into MSMEs
Sustainability 2020, 12(24), 10305; https://doi.org/10.3390/su122410305 - 10 Dec 2020
Cited by 3 | Viewed by 926
Abstract
Over the past decades, sustainability and corporate sustainability have gained a lot of attention. Currently, the focus of attention has shifted to the integration of the Sustainable Development Goals (SDGs) into businesses operation. The extant literature points to the proposed frameworks as not [...] Read more.
Over the past decades, sustainability and corporate sustainability have gained a lot of attention. Currently, the focus of attention has shifted to the integration of the Sustainable Development Goals (SDGs) into businesses operation. The extant literature points to the proposed frameworks as not fitting micro, small, and medium-sized enterprises (MSME) reality and, also, to a lack of empirical evidence in this field. With research at the intersection of business and SDGs still being scarce, the Economy for the Common Good (ECG) model allows operationalizing the SDGs employing its novel measurement theory. The present study is aimed at completing the statistical validation process of the ECG measurement theory using confirmatory factor analysis (CFA) on a sample of 206 European firms. Thus, after having performed an exploratory factor analysis (EFA), this study takes as a starting point the previously published knowledge and proceeds with the second step of the statistical validation process. The results of CFA confirm the conclusions of the EFA and allow to redefine the measurement scales included in the ECG framework to achieve a sufficient level of goodness of fit. Full article
(This article belongs to the Special Issue Sustainable Economy for the Common Good)
Show Figures

Figure 1

Article
Alliances between For-Profit and Non-Profit Organizations as an Instrument to Implement the Economy for the Common Good
Sustainability 2020, 12(22), 9511; https://doi.org/10.3390/su12229511 - 15 Nov 2020
Cited by 2 | Viewed by 1065
Abstract
The model of the Economy for the Common Good (ECG) has cooperation as one of its main principles. This alternative economic model proposes to prioritize cooperation over competition to favor the creation of social value. From this point of view, strategic alliances between [...] Read more.
The model of the Economy for the Common Good (ECG) has cooperation as one of its main principles. This alternative economic model proposes to prioritize cooperation over competition to favor the creation of social value. From this point of view, strategic alliances between organizations can be used as an instrument that supports implementation of the ECG model. In recent years, alliances between for-profit and non-profit entities have been strengthened as a method to facilitate actions focused on social responsibility and sustainability. Moreover, the ECG model has become an adequate management framework for corporate sustainability. This work aims to connect alliances between for-profit and non-profit organizations with the ECG model. First, this connection is manifested in a theoretical way. This paper is going to analyze how such alliances can contribute to increasing the values of the ECG model: human dignity, solidarity and social justice, environmental sustainability, and transparency and codetermination. Afterwards, this work analyzes two cases of this type of alliance—Grupo Vips-Fundación Hazlo Posible and Danone Foods-Grameen Bank—to determine the benefits that this type of cooperation can provide to society. We study their motives and the benefits that they bring to the organizations and the community. Therefore, this work assesses how these types of alliances influence the different topics included in the Common Good Matrix. Moreover, we conduct a comparative analysis between both cases. This work demonstrates that, by implementing this type of strategic alliances, the creation of social value is favored, thus contributing to implementation of the ECG model. Full article
(This article belongs to the Special Issue Sustainable Economy for the Common Good)
Article
Do Stakeholders Modulate Philanthropic Strategy? Corporate Philanthropy as Stakeholders’ Engagement
Sustainability 2020, 12(18), 7242; https://doi.org/10.3390/su12187242 - 04 Sep 2020
Cited by 2 | Viewed by 701
Abstract
Corporate philanthropy, as an expression of commitment to the common good, can contribute to the creation of social value in companies. This corporate philanthropy can be managed in various ways. The choice of how to channel corporate philanthropy could be, in accordance with [...] Read more.
Corporate philanthropy, as an expression of commitment to the common good, can contribute to the creation of social value in companies. This corporate philanthropy can be managed in various ways. The choice of how to channel corporate philanthropy could be, in accordance with stakeholder theory, the result of companies’ interactions with key stakeholders and, in accordance with the theory of signaling, a signal that companies use to respond to their demands. This approach contributes to the literature on bottom-up initiatives (stakeholder–managers) as opposed to top-down strategies (board–stakeholders) in relation to corporate social responsibility, which is becoming increasingly important in a society where networks of communication, cooperation and interaction are established. To this end, a study was conducted on 221 European companies indexed in the Dow Jones Sustainability Indices in the year 2018. The findings have several practical implications: The management of corporate philanthropy should take into account the stakeholders’ requirements, and stakeholders show greater affinity and trust with the company when philanthropy is channeled through foundations. By contrast, donations are not associated with stakeholder attitudes. As a theoretical implication, this paper supports the theories of stakeholders and signaling by explaining the role of philanthropy in the relationship with stakeholders. Full article
(This article belongs to the Special Issue Sustainable Economy for the Common Good)
Article
Covid-19 and the Search for the Common Good: The Case of Parmon Spa (Italy)
Sustainability 2020, 12(16), 6657; https://doi.org/10.3390/su12166657 - 18 Aug 2020
Cited by 1 | Viewed by 1307
Abstract
The Covid-19 pandemic marks an extraordinary global crisis unseen in this last century, with its rapid spread worldwide and associated mortality burden, which is leading to profound economic consequences. In such an unprecedented scenario, most firms were not ready to deal with the [...] Read more.
The Covid-19 pandemic marks an extraordinary global crisis unseen in this last century, with its rapid spread worldwide and associated mortality burden, which is leading to profound economic consequences. In such an unprecedented scenario, most firms were not ready to deal with the resulting significant large-scale perturbations. Challenges for firms in the sector of the production of essential medical devices were among the most urgent. This study aims to investigate the behavior of a medium-size Italian enterprise that during this crisis, by converting part of its production line to the production of masks, undertook a path characterized by an ethics mindset, showing how its potentialities can also be used for the aim of common good. The case study is also presented to demonstrate that leadership ethical values and constant connection to the entrepreneurial ecosystem, maintaining a positive culture therein, have contributed toward a common good choice. Full article
(This article belongs to the Special Issue Sustainable Economy for the Common Good)
Show Figures

Figure 1

Back to TopTop