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Socioeconomic Implications For Sustainable Business

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  • Julia G. Dobreva

Abstract

The analysis focuses on the importance of developing and applying a comprehensive and systematic set of sustainability measures in business enterprises. It suggests that the adoption of such measures is cost-neutral and can become a source of competitive advantage for companies, operating in various economic sectors. This can lead to the creation of value through the introduction of clean technologies while at the same time minimizing the expenses. In addition to providing competitive advantage, sustainability measures could benefit workers, communities and indigenous cultures.

Suggested Citation

  • Julia G. Dobreva, 2015. "Socioeconomic Implications For Sustainable Business," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 9(1), pages 582-588.
    • Handle: RePEc:isp:journl:v:9:y:2015:i:1:p:582-588
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    File URL: https://www.scientific-publications.net/get/1000012/1440160331991376.pdf
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    References listed on IDEAS

    as
    1. Glen Dowell & Stuart Hart & Bernard Yeung, 2000. "Do Corporate Global Environmental Standards Create or Destroy Market Value?," Management Science, INFORMS, vol. 46(8), pages 1059-1074, August.
    2. Stuart L. Hart & Gautam Ahuja, 1996. "Does It Pay To Be Green? An Empirical Examination Of The Relationship Between Emission Reduction And Firm Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 5(1), pages 30-37, March.
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    Cited by:

    1. Yakim Kitanov, 2018. "Non-Financial Declaration. Theoretical Aspects," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 12(1), pages 153-164.
    2. Virginia Zhelyazkova, 2019. "Environmental Accounting – Principles And Main Challenges For Financial Managers," Economy & Business Journal, International Scientific Publications, Bulgaria, vol. 13(1), pages 24-31.

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    More about this item

    Keywords

    sustainability; cost effectiveness; profitability; clean technologies;
    All these keywords.

    JEL classification:

    • A - General Economics and Teaching

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