Challenges on the Path Toward Sustainability in Europe provides readers with guidance on sustainable actions at firm, consumer and institutional level. It studies the wide ranging challenges of implementing the sustainable development goals in Europe, while also addressing the challenges for key stakeholders in the economy. Vesna abkar and Tjaa Redek offer a theoretical and empirical approach to addressing sustainable development, providing rich data analysis at cross-country level, as well as practical examples from the European context. Its scientific outlook is based on extensive theoretical and empirical data analysis, however refraining from an extensively technical approach. Challenges on the Path Toward Sustainability in Europe is of direct relevance to both academics and practitioners seeking to expand their practical knowledge the subject as well as a richer theoretical background for analysing this field at the intersection of environmental and resource economics.

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Challenges on the path towards sustainability in Europe social responsibility and circular economy perspectives

Prof. Vesna Žabkar,Ph.D. and Prof. Tjaša Redek,Ph.D.

Vesna Žabkar, Tjaša Redek, (eds.)

United Kingdom and Ireland, United Kingdom

First edition, Bingley, UK, 2021

producers:
Adobe PDF Library 9.9

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Half Title Page 2
Titile Page 4
Copyright Page 5
Contents 6
About the Contributors 8
The Challenges on the Path Toward Sustainability in the EU 16
What is Sustainability? 16
What are the Main Challenges on the Path Toward Sustainability for EU 18
What is in this Book 19
References 21
PART I-WHERE DOES EUROPE STAND? 24
Sustainable Development Goals in the EU and the Challenges in
Their Implementation 26
Sustainable Development Goals in the EU and the Challenges in Their Implementation 27
Sustainable Development at the Global Level 28
Sustainable Development as Policy
Priority in the EU 33
Challenges in Progress Toward Sustainable Development in the EU 39
Conclusion 41
References 42
How Far is the European Union from Sustainable Development Goals? 46
How Far is the European Union from Sustainable Development Goals? 47
EU Progress Toward the SDGs 47
SDGs with Significant Progress 48
SDGs with Moderate Movement Away 49
SDGs with Moderate Progress 52
Progress in Other Areas 55
Progress Toward SDGs in the Old and
New EU Members 55
Score Value Comparison Between for Each of the SDGs Between Old and New EU Members 56
SDG Indicators with the Biggest Difference Between Old and New EU Members 57
Conclusion 67
References 68
PART II-THE CORPORATE AND CONSUMER PERSPECTIVE 70
Strategic CSR: Mapping
the State-of-the-Art 72
INTRODUCTION 72
Methods 75
Data Acquisition and Preparation 76
Data Analysis 77
Research and Analysis 77
Analysis of Leading Journals and References 79
Co-word Analysis 83
Discussion and Conclusions 87
References 91
Toward Better Understanding of the Corporate Sustainability Concept 96
Corporate Sustainability – Definition and Development of the Concept 97
Three Dimensions of Corporate Sustainability 99
Natural Capital/Planet 99
Social Capital/People 100
Non-substitutability, Irreversibility and Non-linearity of Capital Depletion 101
The Need for the Inclusion of Sustainability in Strategic Management 101
Environmental Issues in Strategic Management 102
Social Issues in Strategic Management 103
Understanding the Motives for and Results of Corporate Sustainability 104
Results of Corporate Sustainability Strategies 105
DISCUSSION AND SUGGESTIONS 107
Suggestions for Further Research 109
References 109
Why Does a Firm Go Bankrupt? 116
Introduction 117
Predicting Corporate Bankruptcy from Accounting Data 117
Dataset 119
Capital Structure Theory and Firm Survival 123
Determinants of Firm Survival 131
Summary and Implications 138
References 139
Innovation for a Greener and More Profitable Future:
A Conceptual Approach 142
Innovation for a Greener and More
Profitable Future: A Conceptual Approach 143
Innovation Performance and Green
Innovation Around the World 144
Innovation Activities at the Level of Companies 148
Innovation Policy for More Green Innovations 152
Conclusion 154
References 156
Environmental-sustainability Aspect in the Outsourcing of Business-logistics Services 162
Introduction 163
Theoretical Background 165
GLPs and Environmental Sustainability 166
Research Design and Methodology 167
Research Results and Discussion 170
Policies and Recommendations with Emphasis on European Union 177
Conclusion 179
References 180
Sustainable Market Exchange
from the Consumer Perspective 186
Introduction 187
Sustainable Market Exchange: Proposition
of a Framework 188
Sustainable Market Exchange 188
Sustainability Dimensions 189
Sustainability Drivers 190
Sustainability Spheres and Stakeholders 191
Methodology 193
Measures 193
Results 194
Discussion 197
References 200
PART III-THE SOCIO-ECONOMIC AND REGULATORY CONTEXT OF SUSTAINABLE DEVELOPMENT 204
National Transfer Accounts Indicators of Economic Dependency in the EU Countries 206
Introduction 207
Methodological Framework 209
Market Part of the Economy 209
Unpaid Work 211
Dependency Indicators 213
Results 215
NTA Dependency Ratio 216
NTTA Dependency Ratio 217
Discussion and Conclusions 219
References 221
Promoting Well-being Through Intergenerational Transfers and Gender Equality in 25 EU Countries 224
Introduction 225
The NTA Theoretical Background 226
Overlapping Generations’ Model 227
The Lifecycle Theory 227
Motives for Reallocation and Direction of Flows 229
Welfare Regimes 230
Characteristics of Different Welfare Regimes 232
Linkage Between Transfer Systems and Welfare Regimes 233
Methodological Framework 234
Public Reallocations 238
Private Reallocations 238
Measuring Cross-country Differences in the Intergenerational Transfer Systems and Gender Equality Promotion 239
Results 240
Conclusions 245
References 248
The Importance of Human
Capital for Sustainability 252
Introduction 253
Literature Review 254
Data and Methodological Framework 257
Results 259
Conclusions 264
References 265
Reinforcement of Social Sustainability through Education and Public Intangible Capital 268
Introduction 269
Theoretical Background 270
Education and Social Aspects of Sustainable Development in Europe 273
Inequality and Poverty in Europe 273
Investment in Education, Well-being, Inequality and Social Sustainability 274
Education Investment and the Role of the State 278
Policy Implications and Conclusion 280
References 283
Over-regulation, Degradation of the Rule of Law and Implementation of Sustainable Practices 286
Over-regulation and Degradation of the Rule of Law as Impediments to the Effective Implementation of Sustainable Practices 287
Theoretical Mechanisms at Work 290
Sustainable Development and the Role of the Legal System 293
A Synthesis of Law and Economics Scholarship: Toward an Optimal Regulatory Framework 294
The Golden Rule of Thumb – Regulatory Intervention Merely in Cases of Market Failures 294
Economic Efficiency and Wealth Maximization Should be the Normative Criterion for the Design of Rules 295
The Economics of Federalism and the Optimal Vertical Regulatory Structure 297
Over-regulation and Excessive Regulatory Activity as an Obstacle to the Sustainable Development 299
Degradation of the Rule of Law as the Main Impediment to the Implementation of Sustainable Practices 300
Toward a Sustainable Europe in 2030 –
A Legal Agenda 302
Reflection Paper on Sustainable Development Goals 302
Comment on the “Governance and Ensuring Policy Coherence at All Levels” 304
Conclusion 305
References 306
Toward a Sustainable Future: Challenges Ahead 312
Ambitious Goals and Wide Cross-country Differences 313
A Joint Action of Consumers and Companies Toward a Sustainable Future 315
The Limits to Growth and Broader Social Component 318
Policy Challenges 319
Internalizing the 2030 Agenda into a National
Development Strategy 321
Megatrends, Scenarios, and Disruptions 322
Building SDGs Partnerships 323
Linking Sustainable Policies to the Budget 324
References 325
Index 328

2022-04-29