Article detail · 2025
Economic, Environmental, Social, and Governance (ECON ‐ ESG) Strategies For Sustainable Development: Theory and a Holistic Evidence From Germany
- Year
- 2025
- Type
- article
Data source split
- YÖKSİS YÖKSİS article record
- YÖKSİS venue Business Strategy and the Environment
- Catalog match (ISSN) Business Strategy and the Environment
- OpenAlex OpenAlex enrichment (abstract, citations, topics)
Abstract
OpenAlex · English
ABSTRACT To achieve the SDGs, in addition to environmental (E), social (S), and governance (G) indicators, economic components should also be evaluated holistically. In this context, this research aims to test the time series characteristics of the indicators in the ECON‐ESG structure, which is created by integrating the economic dimension into the ESG framework for Germany. For this purpose, linear and nonlinear structures, Fourier‐based stationarity tests, and Bai–Perron multiple structural break tests were employed to examine the linear and nonlinear structures, stationarity cases, and structural breaks of various ESG and economic indicators (ECON). Findings show that many indicators are nonstationary, undergo structural changes over time, and exhibit nonlinear dynamics. The results indicate that sustainability policies should focus not only on indicator levels but also on the behavioral patterns and vulnerabilities of these indicators over time. In this regard, policymakers need to develop a holistic perspective on the economy and ESG, focusing on long‐term and flexible policy designs. The study also offers important implications for how the ECON‐ESG framework can serve as a model for both national and international markets, particularly in Germany, a developed and leading country in terms of sustainability. Therefore, the proposed ECON‐ESG framework offers both theoretical and practical roadmaps for policymakers, firms, and investors to create long‐term ESG strategies in support of the SDGs.
Topics
Citations
OpenAlex cited_by_count. Not a WoS or Scopus citation count; those sources have no separate column here.
59 citations
OpenAlex cited_by_count (cache / database)
10 publications in the local catalog that cite this work (OpenAlex reference match; not the full global list).
- Green Innovation and Tourism Demand: The Moderating Role of Sustainable Development Goals (SDGs) 2026
- The moderating effects of geopolitical risks on sustainable development through economic complexity and renewable energy consumption in 25 oil-producing countries 2026
- Factors Affecting ESG Performance: A Panel Quantile Regression Approach 2026
- The moderating effects of geopolitical risks on sustainable development through economic complexity and renewable energy consumption in 25 oil-producing countries 2026
- Digital disruption meets sustainability: linear and nonlinear impacts of AI, carbon emissions, economic growth, trade, and exports on tourism in advanced economies 2026
- Climate Policy Uncertainty and ESG-Based Sustainability Uncertainty: Analysis of US Carbon-Intensive Sector Indices 2026
- Multidimensional Sustainability Performance Measurement in The Banking Industry: A Data-Driven Grey Decision-Support Framework 2026
- Economic complexity and energy vulnerability: Does ESG performance matter? 2026
- Economic complexity and energy vulnerability: Does ESG performance matter? 2026
- The environmental, social and governance (ESG) dimensions of corporate social responsibility (CSR) on energy security 2026