Details
Original language | English |
---|---|
Article number | 102495 |
Number of pages | 23 |
Journal | Long range planning |
Volume | 58 |
Issue number | 1 |
Early online date | 10 Dec 2024 |
Publication status | Published - Feb 2025 |
Abstract
Firms face a fundamental and persistent challenge in balancing the tensions between environmental sustainability and profitability, where elements that seem logical individually become contradictory when juxtaposed. Individual decision makers' beliefs about the tensions between environmental sustainability and profitability can shape decision outcomes, offering an intriguing micro-foundation for strategic choices. This article conceptualizes and proposes a scale to measure decision makers' beliefs about the tensions between environmental sustainability and profitability. Across three studies, we develop a reliable, valid, parsimonious 12-item environmental sustainability–profitability beliefs (ESPB) scale. Three further studies demonstrate its ability to predict evaluations of sustainable new product ideas, investment success in markets with different crowdfunding platforms, and information search efforts for sustainable new product ideas. Overall, the findings emphasize the important influence of individual-level beliefs about sustainability and profitability for determining strategic decision outcomes, enhancing the understanding of key micro-foundations of firms’ sustainability practices.
Keywords
- Environmental sustainability–profitability beliefs, Individual decision making, Paradox theory, Scale development, Validation
ASJC Scopus subject areas
- Social Sciences(all)
- Geography, Planning and Development
- Economics, Econometrics and Finance(all)
- Finance
- Business, Management and Accounting(all)
- Strategy and Management
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In: Long range planning, Vol. 58, No. 1, 102495, 02.2025.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Environmental sustainability–profitability beliefs among firm decision makers
T2 - Measurement and consequences
AU - Dose, David B.
AU - Reinhardt, Ronny
AU - Krämer (née Schwabe), Maria
AU - Walsh, Gianfranco
N1 - Publisher Copyright: © Elsevier Ltd
PY - 2025/2
Y1 - 2025/2
N2 - Firms face a fundamental and persistent challenge in balancing the tensions between environmental sustainability and profitability, where elements that seem logical individually become contradictory when juxtaposed. Individual decision makers' beliefs about the tensions between environmental sustainability and profitability can shape decision outcomes, offering an intriguing micro-foundation for strategic choices. This article conceptualizes and proposes a scale to measure decision makers' beliefs about the tensions between environmental sustainability and profitability. Across three studies, we develop a reliable, valid, parsimonious 12-item environmental sustainability–profitability beliefs (ESPB) scale. Three further studies demonstrate its ability to predict evaluations of sustainable new product ideas, investment success in markets with different crowdfunding platforms, and information search efforts for sustainable new product ideas. Overall, the findings emphasize the important influence of individual-level beliefs about sustainability and profitability for determining strategic decision outcomes, enhancing the understanding of key micro-foundations of firms’ sustainability practices.
AB - Firms face a fundamental and persistent challenge in balancing the tensions between environmental sustainability and profitability, where elements that seem logical individually become contradictory when juxtaposed. Individual decision makers' beliefs about the tensions between environmental sustainability and profitability can shape decision outcomes, offering an intriguing micro-foundation for strategic choices. This article conceptualizes and proposes a scale to measure decision makers' beliefs about the tensions between environmental sustainability and profitability. Across three studies, we develop a reliable, valid, parsimonious 12-item environmental sustainability–profitability beliefs (ESPB) scale. Three further studies demonstrate its ability to predict evaluations of sustainable new product ideas, investment success in markets with different crowdfunding platforms, and information search efforts for sustainable new product ideas. Overall, the findings emphasize the important influence of individual-level beliefs about sustainability and profitability for determining strategic decision outcomes, enhancing the understanding of key micro-foundations of firms’ sustainability practices.
KW - Environmental sustainability–profitability beliefs
KW - Individual decision making
KW - Paradox theory
KW - Scale development
KW - Validation
UR - http://www.scopus.com/inward/record.url?scp=85212865321&partnerID=8YFLogxK
U2 - 10.1016/j.lrp.2024.102495
DO - 10.1016/j.lrp.2024.102495
M3 - Article
AN - SCOPUS:85212865321
VL - 58
JO - Long range planning
JF - Long range planning
SN - 0024-6301
IS - 1
M1 - 102495
ER -