1,721,015 research outputs found
Advancing Sustainable Portfolio Selection: Insights From a Structured Literature Review
No full textThis study provides a comprehensive review of the current empirical research on sustainable portfolio selection, with a particular focus on the practical implications of integrating environmental, social, and governance (ESG) criteria into investment decision-making. Combining a structured literature review (SLR) with a bibliometric analysis using Bibliometrix and VOSviewer, this paper identifies methodological approaches, critical developments, and persistent challenges in the field. A total of 44 high-quality contributions-defined as those published in A or A* journals according to the 2022 ABDC Journal Quality List or with more than four citations per year (CPY)-were selected from Scopus and Web of Science through a rigorous six-step screening process. The analysis revealed five main research themes and associated findings: (1) sustainable portfolio selection methods are divided into two dominant methodological paradigms: extensions of modern portfolio theory (MPT) through sustainability metrics and multi-criteria decision-making approaches that balance financial returns with sustainability goals; (2) ESG scores are heterogeneous across rating agencies; (3) alternative metrics emerge to measure sustainable performance; (4) screening strategies often lead to inefficient portfolio solutions; and (5) sustainable portfolios do not systematically outperform traditional portfolios. However, the review also reveals unresolved issues such as ESG data inconsistency, methodological complexity, and greenwashing risks, which continue to limit the effective implementation of sustainable investing strategies. The paper emphasizes the urgent need for robust, standardized tools that integrate both quantitative and qualitative sustainability indicators, and it calls for stronger collaborations between academia and the financial industry to enhance the real-world applicability of sustainable portfolio models
Co-Evolution of the University Technology Transfer: Towards a Sustainability-Oriented Industry: Evidence from Italy
No full textIndustry is continuously evolving, reflecting changes in society. An important aspect of
this evolution concerns how new digital technologies are used and their effects on innovation and
sustainability. Thus, the relationship between university, industry, and government grows stronger,
shifting the focus on technology transfer processes from university to industry, at local and national
levels. To increase our understanding of how these processes take place, more theoretical and
empirical research is required. This paper aims to respond to this call by examining the university
technology transfer through a co-evolutionary approach. The study analyses the dynamics of the
relationships at different organisational levels within universities able to create sustainability-oriented
innovative university spin-offs and start-ups, through the Italian National Innovation Award case.
The findings show that the creation of these spin-offs and start-ups are the result of effective
multi-level co-evolutionary adaptations within universities, and among university, industry and
government. The article contributes to the further understanding of the management of technology
transfer by combining some elements from the literature about the co-evolution of social organisations
and their environment with some elements from the Triple Helix model of innovation. Moreover,
both theoretical and managerial implications emerge, together with suggestions for future research
Management del turismo. Co-evoluzione, sostenibilità e competitività delle imprese e delle destinazioni turistiche
No full textApprofondimenti in tema di management del turismo. La prospettiva adottata è quella co-evolutiva, votata a sostenibilità e competitività delle imprese e delle destinazioni turistiche
The role of religious accommodations business model during COVID-19
No full textHow virtuous business model innovation (BMI) of tourism firms can happen during COVID-19 is yet to be fully addressed. Prior research on tourism business models (BMs), whilst highlighting influencing factors and positive consequences on the sustainability of tourism firms and destinations, has neglected the theoretical perspectives. Also, the topic is overlooked regarding religious accommodations originating from the creative use of historic and cultural heritage, in spite of their link with innovation and sustainability. Interestingly, research and practice in hospitality argue that BMI might be a solution to successfully overcome COVID-19, calling for more research. In response, we explore how religious accommodations innovate their BM during COVID-19 maintaining themselves sustainable, and therefore competitive. We focus on the relationship of these firms with their destination jointly considering internal and
external influencing factors and temporal dynamics by analyzing 10 Italian religious accommodations. We interpret the results through a co-evolution lens. We find that religious accommodations BMI can take place through diffused multilevel interactions and the feedback within destinations resulting in new organizational practices, and also policies, that innovate their BM, reinforcing sustainability. In this dynamic, an integrated view of time and knowledge can contribute to favour (or not), appropriate BMI in relation to environmental evolution. We offer a conceptual framework that
conceptualizes BMI of religious accommodations as virtuous co-evolutionary processes. This approach may help business practitioners and policymakers to manage current problems through BMI
The integration of a Swedish minority in the hotel business culture: The case of Riva del Sole
No full textBusiness models for sustainability: An analysis of religious accommodations’ evolutionary dynamics
Full text linkThere is an urgent need to understand how to develop business models for sustainability given the current socioeconomic and ecological challenges for firms’ competitiveness, especially in the tourism sector. Significantly, research has identified the particularities of religious accommodations as a sustainable tourism niche, but little is known about the processes driving their business model. This signals the lack of theoretical perspectives for holistically understanding the dynamic role of this sustainable business model and, consequently, its associated benefits for firms, destinations, and society. In response, we integrate the business model literature with the coevolution concept for conducting a longitudinal analysis of 10 Italian religious accommodations. We focus on the dynamic of the interdependencies between internal and external influencing factors. The findings provide a co-evolutionary framework in which lifestyle entrepreneurship plays a key role in religious accommodations’ sustainable business model driving processes. This approach may help entrepreneurs and policymakers creatively reinforce sustainability
Interpreting sustainable agritourism through co-evolution of social organisations
No full textHow farms can create and maintain sustainable agritourism is yet to be
fully addressed. Given its link with sustainable development, research
on agritourism sustainability, while highlighting the positive consequences,
has neglected the theoretical perspectives. We thus find a lacuna in
holistically understanding its driving processes and, consequently, its
conceptualization. In response, this article draws extensively on the ecological
economics co-evolutionary framework to explain the intertwined
dynamics underlying sustainable agritourism and its determinants. Coevolution
conceives the organizations–environments relationship as circular,
with mutual influence, and dialectical. We analyze the dynamics
of the farm–rural destination relationship through a longitudinal analysis
of 20 Italian agritourism farms. We find that sustainable agritourism
emerges within rural destinations through diffused multilevel interactions
and feedbacks resulting in organizational practices that enhance
the farm and region’s identities, and thus competitiveness. We offer an
interpretative framework that conceptualizes sustainable agritourism
through effective multilevel co-evolutionary adaptations and identify
four determinants: strategic intentionality, rural lifestyle experience, systemic
approach, and social responsibility. This approach may help farmers
and policymakers develop destinations through sustainable
agritourism. Implications for future research and practice in the sustainable
tourism field emerge
Developing sustainable tourism through co-evolution of tourism firms and destinations: hospitality models, determinants and key management tools
No full textSustainable tourism has become a topic increasingly addressed by the multidisciplinary research and practice about tourism management since the late 1980s. The debate is lively around the problems of interpreting actors and processes driving sustainable tourism paths within and across destinations. This volume addresses the topic both through a co-evolutionary framework that allows to look at the dynamic of the tourism firms-destinations relationship, and through empirical evidences that shed light on the role of tourism firms as, at the same time, subject and object of evolutionary change. The volume can be useful for academics and students, but also for decision makers and policy makers, to appropriately address and try to solve the multiple problems associated to sustainable tourism, improving its impact
Interpretare il turismo sostenibile attraverso la relazione tra imprese turistiche e destinazioni: un framework co-evolutivo
No full textLa ricerca sul turismo sostenibile è notevolmente cresciuta nel corso delle ultime tre decadi enfatizzandone lo stretto legame con la questione sempre attuale dello sviluppo sostenibile. Grande attenzione è stata posta principalmente sugli impatti del turismo sostenibile a livello di destinazione, mentre la mancanza di prospettive teoriche appropriate ha ostacolato una comprensione esaustiva delle relazioni chiave e dei processi che ne trainano lo sviluppo, quindi una sua definizione coerente con la visione olistica e dinamica della sostenibilità. Pertanto, l’obiettivo principale di questo articolo concettuale è contribuire a colmare questo gap di ricerca proponendo una spiegazione co-evolutiva dello sviluppo turistico sostenibile che ne delinea relazioni chiave e associati processi trainanti. Sulla base di una revisione critica dello stato dell’arte sull’argomento e attingendo dall’idea di sviluppo sostenibile consolidata nella letteratura economica sulla co-evoluzione, l’articolo sviluppa un framework interpretativo che concepisce il turismo sostenibile come un processo di adattamento co-evolutivo efficace coinvolgenti più livelli di una destinazione. Vengono quindi discusse le implicazioni per la ricerca e la pratica nel campo del turismo sostenibile e i limiti dello studio. L’articolo risponde alle richieste di ulteriori sforzi di ricerca teorica sull’argomento aggiungendo nuovi elementi agli esistenti studi sulla co-evoluzione nel campo del turismo
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