Path Analysis of Sustainable Business Models to Realise Triple Value

Abstract

Sustainable business models play an important role in the ability of enterprises to achieve sustainable competitive advantage. The formation of sustainable business model needs to integrate the logic of business value and the logic of sustainable development value, and integrate the triple values of economy, society and environment. Taking Shandong Province as the research object, 36 PPP projects in Shandong Province are studied using the clear set qualitative comparative analysis method (csQCA) method to solve the multiple paths leading to high triple value and low triple value of PPP projects, and to explore the characteristics of the paths of sustainable business models to achieve triple value. The study finds that: each key attribute cannot alone constitute a necessary condition for generating the triple value of the PPP project business model; the realisation of the triple value of the PPP project business model is a synergistic effect of multiple complex factors; and there is a mutual substitution relationship between the antecedent and dependent variables under certain circumstances, which provides certain theoretical and managerial insights for sustainable development.