6533b7d0fe1ef96bd125a4db

RESEARCH PRODUCT

Assessing the Economy for the Common Good Measurement Theory Ability to Integrate the SDGs into MSMEs

Ana T. EjarqueVanessa Campos

subject

confirmatory factor analysisComputer scienceGeography Planning and DevelopmentTJ807-830Sample (statistics)010501 environmental sciencesManagement Monitoring Policy and LawTD194-195:CIENCIAS ECONÓMICAS [UNESCO]01 natural sciencesRenewable energy sources0502 economics and businessGE1-350Empirical evidence0105 earth and related environmental sciencesSustainable developmentOperationalizationEnvironmental effects of industries and plantssustainability management toolsRenewable Energy Sustainability and the Environment05 social sciencesUNESCO::CIENCIAS ECONÓMICAScorporate sustainabilitysustainable development goalsExploratory factor analysisCommon goodConfirmatory factor analysisEnvironmental sciencesCorporate sustainabilityEconomySustainabilityeconomy for the common good050203 business & management

description

Over the past decades, sustainability and corporate sustainability have gained a lot of attention. Currently, the focus of attention has shifted to the integration of the Sustainable Development Goals (SDGs) into businesses operation. The extant literature points to the proposed frameworks as not fitting micro, small, and medium-sized enterprises (MSME) reality and, also, to a lack of empirical evidence in this field. With research at the intersection of business and SDGs still being scarce, the Economy for the Common Good (ECG) model allows operationalizing the SDGs employing its novel measurement theory. The present study is aimed at completing the statistical validation process of the ECG measurement theory using confirmatory factor analysis (CFA) on a sample of 206 European firms. Thus, after having performed an exploratory factor analysis (EFA), this study takes as a starting point the previously published knowledge and proceeds with the second step of the statistical validation process. The results of CFA confirm the conclusions of the EFA and allow to redefine the measurement scales included in the ECG framework to achieve a sufficient level of goodness of fit.

yearjournalcountryeditionlanguage
2020-12-10Sustainability
https://doi.org/10.3390/su122410305