Economic, Environmental, Social, and Governance (ECON - ESG) Strategies For Sustainable Development: Theory and a Holistic Evidence From Germany

dc.authorid0000-0002-7732-4148
dc.authorid0000-0001-5125-7648
dc.authorid0000-0003-0440-7468
dc.authorid0000-0001-9695-3188
dc.contributor.authorIsik, Cem
dc.contributor.authorOngan, Serdar
dc.contributor.authorAydin, Rahman
dc.contributor.authorImamoglu, Ilyas kays
dc.date.accessioned2026-02-28T12:17:40Z
dc.date.available2026-02-28T12:17:40Z
dc.date.issued2025
dc.departmentBayburt Üniversitesi
dc.description.abstractTo 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.
dc.identifier.doi10.1002/bse.70342
dc.identifier.issn0964-4733
dc.identifier.issn1099-0836
dc.identifier.scopus2-s2.0-105024003196
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1002/bse.70342
dc.identifier.urihttps://hdl.handle.net/20.500.12403/5901
dc.identifier.wosWOS:001630413000001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherWiley
dc.relation.ispartofBusiness Strategy And The Environment
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20260218
dc.subjectECON - ESG factors
dc.subjectECON - ESG performance
dc.subjectECON - ESG theory
dc.subjectSustainability
dc.subjectSustainable Development Goals (SDGs)
dc.titleEconomic, Environmental, Social, and Governance (ECON - ESG) Strategies For Sustainable Development: Theory and a Holistic Evidence From Germany
dc.typeArticle

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