Abstract

Sustainable business models have become a phenomenon of global interest. Since the beginning of the 21st century, companies have sought to shift from traditional business models towards sustainable ones in order to leverage their sustainable performance and increase their competitive advantage. The aim of this paper is to provide an extensive overview of the academic research on sustainable business models with the focus on inquiry of main trends related to business and economics studies and identification of future research directions. This paper reviews existing literature on sustainable business models in order to map this research stream and identify the most substantial contributors to the advances of research in this field. It contributes to the existing body of knowledge on sustainable business models by: (1) describing the most influential and high-impact researchers/authors, journals, and papers; (2) highlighting main and most important research trends related to sustainable business models in studies on business and economics; and (3) identifying future research agendas in investigating sustainable business models from business and economics perspectives.

Highlights

  • Sustainable business models have received substantial recognition from practitioners and academics in the past two decades

  • The aim of this paper is to provide an extensive overview of the academic research on sustainable business models with the focus on inquiry of main trends within this research in studies related to business and economics and identification of future research directions

  • This paper reviews the existing literature on sustainable business models in order to map this research stream from managerial perspective and identify the most substantial contributors to the advances of the research in this field. It contributes to the existing body of knowledge on sustainable business models by: (1) describing the most influential and high-impact researchers/authors, journals, and papers; (2) highlighting the main and most important research trends related to sustainable business models in studies on business and economics; and (3) identifying future research agendas in investigating sustainable business models from business and economics perspectives

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Summary

Introduction

Sustainable business models have received substantial recognition from practitioners and academics in the past two decades. Literature reviews seem to be useful in order to describe and map the current research stream The beginning of this century was the point in time when sustainable business models were recognized as worth analyzing. During the past two decades, various contributions related to sustainable business models have been published. The two-decade period of time can be treated as a certain milestone in particular investigations, the authors of this paper decided to review the actual literature on sustainable business models towards mapping the research stream and identify the most substantial contributors and contributions in this area of interest. Over the last two decades, other studies related to sustainable business models have been published as well. The authors of [33] primarily presented a sustainable business model for reverse logistics operations with a narrative review as the introduction to their research

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