IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxviy2023i4p973-995.html
   My bibliography  Save this article

Sustainable Business Models in Non-Financial Reporting in Polish Practice

Author

Listed:
  • Boguslawa Bek-Gaik
  • Anna Surowiec

Abstract

Purpose: The aim of the article is to identify information about the sustainable model of companies listed on the Warsaw Stock Exchange WIG 30, which prepare non-financial reports. Design/methodology/approach: The content analysis of sustainable model disclosures in non-financial reporting was performed. The quality of disclosures was assessed based on reports published by 30 major and most liquid companies of the WIG 30 index of the Warsaw Stock Exchange (GPW). The content analysis of non-financial reports was conducted according to the following areas: value proposition, social aspects, environmental aspects, and governance aspects. The article uses the results of literature studies on the subject, the results of previous research, and observations of business practice in the area of sustainable business models disclosures in non-financial reporting. Findings: The findings reveal a diverse approach of companies to disclose the information on sustainability of business model in Polish practice. Practical Implications: The results of the study complement the research gap of current literature on sustainable business models by presenting the practice of disclosure on sustainable business model in Polish companies. Originality/Value: The research presented in the article contributes to the current literature on sustainable business models disclosure by using the novel dataset, identifying the scope of disclosure on sustainability of business models, and is aimed at presenting a critical interpretative perspective.

Suggested Citation

  • Boguslawa Bek-Gaik & Anna Surowiec, 2023. "Sustainable Business Models in Non-Financial Reporting in Polish Practice," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 973-995.
    • Handle: RePEc:ers:journl:v:xxvi:y:2023:i:4:p:973-995
    as

    Download full text from publisher

    File URL: https://ersj.eu/journal/3868/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lars Moratis & Frans Melissen & Samuel O. Idowu, 2018. "Introduction: From Corporate Social Responsibility to Sustainable Business Models," CSR, Sustainability, Ethics & Governance, in: Lars Moratis & Frans Melissen & Samuel O. Idowu (ed.), Sustainable Business Models, chapter 0, pages 1-15, Springer.
    2. Mortaza Ojaghlou & Erginbay Ugurlu & Marta Kadłubek & Eleftherios Thalassinos, 2023. "Economic Activities and Management Issues for the Environment: An Environmental Kuznets Curve (EKC) and STIRPAT Analysis in Turkey," Resources, MDPI, vol. 12(5), pages 1-14, April.
    3. Esben Rahbek Gjerdrum Pedersen & Wencke Gwozdz & Kerli Kant Hvass, 2018. "Exploring the Relationship Between Business Model Innovation, Corporate Sustainability, and Organisational Values within the Fashion Industry," Journal of Business Ethics, Springer, vol. 149(2), pages 267-284, May.
    4. Henry Chesbrough & Richard S. Rosenbloom, 2002. "The role of the business model in capturing value from innovation: evidence from Xerox Corporation's technology spin-off companies," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 11(3), pages 529-555, June.
    5. Izabela Jędrzejowska-Schiffauer & Peter Schiffauer & Eleftherios Thalassinos, 2019. "EU Regulatory Measures Following the Crises: What Impact on Corporate Governance of Financial Institutions?," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 432-456.
    6. Zott, Christoph & Amit, Raphael & Massa, Lorenzo, 2010. "The business model: Theoretical roots, recent developments, and future research," IESE Research Papers D/862, IESE Business School.
    7. Henning Breuer & Klaus Fichter & Florian Lüdeke-Freund & Irina Tiemann, 2018. "Sustainability-oriented business model development: principles, criteria and tools," International Journal of Entrepreneurial Venturing, Inderscience Enterprises Ltd, vol. 10(2), pages 256-286.
    8. Erik G. Hansen & Friedrich Grosse-Dunker & Ralf Reichwald, 2009. "Sustainability Innovation Cube — A Framework To Evaluate Sustainability-Oriented Innovations," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 13(04), pages 683-713.
    9. Thanh Hung Pham & Thi Thanh Hang Hoang & Eleftherios I. Thalassinos & Hoang Anh Le, 2022. "The Impact of Quality of Public Administration on Local Economic Growth in Vietnam," JRFM, MDPI, vol. 15(4), pages 1-13, March.
    10. B. Demil & X. Lecocq, 2010. "Business model evolution : in search of dynamic consistency," Post-Print hal-00572915, HAL.
    11. Phuong Lien Thi Hoang & Dong Xuan Pham & Eleftherios I. Thalassinos & Hoang Anh Le, 2022. "The Impact of Corporate Governance Mechanism, Company Characteristics on the Timeliness of Financial Statements: Evidence from Listed Companies in Vietnam," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 11, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ers:journl:v:xxvi:y:2023:i:4:p:1002-1024 is not listed on IDEAS
    2. Gerrit Remane & Andre Hanelt & Jan F. Tesch & Lutz M. Kolbe, 2017. "The Business Model Pattern Database — A Tool For Systematic Business Model Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(01), pages 1-61, January.
    3. Anna M. Hansson & Eja Pedersen & Niklas P. E. Karlsson & Stefan E. B. Weisner, 2023. "Barriers and drivers for sustainable business model innovation based on a radical farmland change scenario," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(8), pages 8083-8106, August.
    4. Ilyas, Imran M. & Osiyevskyy, Oleksiy, 2022. "Exploring the impact of sustainable value proposition on firm performance," European Management Journal, Elsevier, vol. 40(5), pages 729-740.
    5. Federico Cosenz & Vinicius Picanço Rodrigues & Francesco Rosati, 2020. "Dynamic business modeling for sustainability: Exploring a system dynamics perspective to develop sustainable business models," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 651-664, February.
    6. Yuan Jing, 2022. "The Relationship Between Business Model Innovation and Operational Performance of Incubator Enterprise," International Journal of Science and Business, IJSAB International, vol. 16(1), pages 153-191.
    7. Emmanuelle Reuter, 2022. "Hybrid business models in the sharing economy: The role of business model design for managing the environmental paradox," Business Strategy and the Environment, Wiley Blackwell, vol. 31(2), pages 603-618, February.
    8. Cinzia Battistella & Gianluca Murgia & Fabio Nonino, 2021. "Free-driven web-based business models," Electronic Commerce Research, Springer, vol. 21(2), pages 445-486, June.
    9. Nadia Preghenella & Cinzia Battistella, 2021. "Exploring business models for sustainability: A bibliographic investigation of the literature and future research directions," Business Strategy and the Environment, Wiley Blackwell, vol. 30(5), pages 2505-2522, July.
    10. Palo, Teea & Åkesson, Maria & Löfberg, Nina, 2019. "Servitization as business model contestation: A practice approach," Journal of Business Research, Elsevier, vol. 104(C), pages 486-496.
    11. Lehoux, P. & Daudelin, G. & Williams-Jones, B. & Denis, J.-L. & Longo, C., 2014. "How do business model and health technology design influence each other? Insights from a longitudinal case study of three academic spin-offs," Research Policy, Elsevier, vol. 43(6), pages 1025-1038.
    12. Ancillai, Chiara & Sabatini, Andrea & Gatti, Marco & Perna, Andrea, 2023. "Digital technology and business model innovation: A systematic literature review and future research agenda," Technological Forecasting and Social Change, Elsevier, vol. 188(C).
    13. Lefeng, Shi & Shengnan, Lv & Chunxiu, Liu & Yue, Zhou & Cipcigan, Liana & Acker, Thomas L., 2020. "A framework for electric vehicle power supply chain development," Utilities Policy, Elsevier, vol. 64(C).
    14. OGREAN Claudia, 2015. "Business Models To Meet The Challenges Of The Global Economy. A Literature Review," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 67(6), pages 127-146, December.
    15. Sven M. Laudien & Birgit Daxböck, 2016. "The Influence Of The Industrial Internet Of Things On Business Model Design: A Qualitative-Empirical Analysis," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(08), pages 1-28, December.
    16. Gideon Niel D. Tan, 2021. "A Business-Model Approach on Strategic Flexibility of Firms in a Shifting Value Chain: The Case of Coffee Processors in Amadeo and Silang, Cavite, Philippines," Global Journal of Flexible Systems Management, Springer;Global Institute of Flexible Systems Management, vol. 22(1), pages 17-28, March.
    17. Nancy Bocken & Lars Strupeit & Katherine Whalen & Julia Nußholz, 2019. "A Review and Evaluation of Circular Business Model Innovation Tools," Sustainability, MDPI, vol. 11(8), pages 1-25, April.
    18. Luigi Fusco Girard & Marilena Vecco, 2021. "The “Intrinsic Value” of Cultural Heritage as Driver for Circular Human-Centered Adaptive Reuse," Sustainability, MDPI, vol. 13(6), pages 1-28, March.
    19. Amel Charleux & Anne Mione, 2018. "Open source editing business models; the case of software [Les business models de l’édition open source ; Le cas des logiciels]," Post-Print hal-01988127, HAL.
    20. Xuerong Li & Han Qiao & Shouyang Wang, 2017. "Exploring evolution and emerging trends in business model study: a co-citation analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(2), pages 869-887, May.
    21. Effrosyni Taraza & Sofia Anastasiadou & Andreas Masouras & Christos Papademetriou, 2023. "Sustainable Development and Implementation of Quality Management Excellence Models in Public Organizations: A Systematic Literature Review," Sustainability, MDPI, vol. 15(10), pages 1-27, May.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxvi:y:2023:i:4:p:973-995. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.