This paper proposes an empirical method to estimate the model of sustainable profit and corporate social responsibility originated by Sudtasan and Suriya (2013). It suggests analysts to use data from official financial statements of companies which may be reported to the Stock Exchange in a...

This paper builds upon a view of economic system and individual economic organization as problem-solving arrangements and presents a simple model of adaptive problem-solving driven by trial-and-error and collective selection. The institutional structure, and in particular its degree of...

Looking through contributions about microeconomic theory, from classics to modern theory, it is possible to identify various attitudes on the role that firms play in the market. To simplify the existing multiplicity of opinion, two distinct positions can be recognized: 1) the first one considers...

This paper offers a sketch of what an economic theory of the firm would look like if it were founded on the thought of Joseph Schumpeter, particularly on Chapters 1-2 of his Theory of Economic Development. Schumpeterian analysis requires an intuitively appealing and realistic conceptualization...

A transition from the extensive type of economic development to sustainable should provide the minimization of the non-renewable natural resources use and effective use of renewable ones, improvement of environmental quality and increase of the state’s ecological security and lead to stable...

The influence of finances on green business establishment and development is examined in the article. Formation of new financial instruments due to adoption in world economy of sustainable development principles as the main growth strategy is analysed. The financial providing of green business...

The results of simulation modeling of impact of green business financial mechanism elements on economic, social and ecologic development of Ukraine are presented in the article. Also the elements that most contribute to the establishment of green business and sustainable development are highlighted.

The article is devoted to the study of theoretical background of formation of green business development financial mechanism. The term «financial mechanism of establishment and development of green business» is defined. Its elements and levels of realization are disclosed.