• Steering the Circular Economy: A New Role for Adam Smith’s Invisible Hand

    Adam Smith’s seminal work in economics suggested that the morality of a society guides the “invisible hand” that steers free trade in a positive direction.  Smith recognized the society-economy nexus and equilibrium in his economic theory as crucial to society’s socioeconomic progress.  The circular economy relates to ...

    Posted on 29/07/22

    Share this! 

  • Sustainable Development

    Sustainability principles balance the environmental, economic, and socio-cultural aspects of tourism development, to guarantee its long-term sustainability.  Achieving sustainable tourism is a continuous process.  These guidelines and management practices published by the UNWTO are applicable to all forms of tourism in ...

    Posted on 13/07/22

    Share this! 

  • Understanding the Effects of Environment, Social, and Governance Conduct on Financial Performance: Arguments for a Process and Integrated Modelling Approach

    Current studies do not question the environmental (E), social (S) and governance (G) weightings assigned by rating agencies.  Research findings on ESG conduct and financial performance of companies are inconclusive because they depend on relatively under-explored model specifications.  Nor has research identified or ex ...

    Posted on 06/07/22

    Share this! 

  • The SDGs in Austrian Cities: A Comparison between 2017 and 2021

    Municipalities rely on the national governments for information, training, and financing to implement the Sustainable Development Goals (SDGs).  This survey cites the main challenges for Austrian municipalities in adopting and implementing the SDGs and shows the need for urgent action at local, regional and national le ...

    Posted on 20/06/22

    Share this! 

  • Is Sustainability Certification in Real Estate Worth It? – Evidence from European Office Markets

    This analysis of European office space over a five-year period (2016–mid-2021) shows that the stock made up of certified buildings is steadily rising.  In certified buildings, leasing velocity was generally higher, vacancy risk lower, and an average rent premium of 21% was observed.  As countries increasingly announce ...

    Posted on 15/06/22

    Share this!