Environmental decision making in small companies : a behavioral economics perspective

Grieder, Manuel; Kistler, Deborah; Schmitz, Jan

doi:10.1007/978-981-15-9287-4_13

Publication type:	Book part
Type of review:	Editorial review
Title:	Environmental decision making in small companies : a behavioral economics perspective
Authors:	Grieder, Manuel Kistler, Deborah Schmitz, Jan
et. al:	No
DOI:	10.1007/978-981-15-9287-4_13
Published in:	Sustainability and Environmental Decision Making
Editors of the parent work:	Quah, Euston Schubert, Renate
Page(s):	129
Pages to:	151
Issue Date:	2021
Series:	Sustainable Development
Publisher / Ed. Institution:	Springer
Publisher / Ed. Institution:	Singapore
ISBN:	978-981-15-9286-7 978-981-15-9287-4
Language:	English
Subjects:	Behavioral economic; Behavioral management; Decision making; Environmental management
Subject (DDC):	658.408: Security management, environmental management
Abstract:	Small and medium-sized enterprises (SMEs) are often considered the backbone of the economy. Indeed, in most economies around the world, SMEs are the largest group of companies, and they are responsible for a substantial share of economic output and resource use. Sustainability-related decisions and the environmental management in SMEs are thus key factors to consider in order to increase the environmental sustainability in an economy. However, SMEs often do not have the capabilities and the knowledge that would be required to implement best practices in environmental management. Moreover, because of their smaller size, behavioral motivations and “biases” in decision making may be more important in SMEs than in larger companies. Such factors might be relevant for the effectiveness of public policy measures directed at SMEs, and they make SMEs potential targets for policy instruments from the behavioral economics toolkit, such as “nudges” or other measures. This chapter focuses on three elements of behavioral motivations and decision making that are relevant for SMEs – social preferences, present bias, and loss aversion – and discusses how they can affect environmental management and sustainability-related decisions in SMEs. The chapter finally considers to what extent behavioral economics approaches could be helpful for fostering more sustainable management practices in SMEs by addressing these behavioral elements of decision making in SMEs.
URI:	https://digitalcollection.zhaw.ch/handle/11475/27732
Fulltext version:	Published version
License (according to publishing contract):	Licence according to publishing contract
Departement:	School of Management and Law
Organisational Unit:	Center for Energy and Environment (CEE)
Appears in collections:	Publikationen School of Management and Law

Files in This Item:

There are no files associated with this item.

Show full item record

Grieder, M., Kistler, D., & Schmitz, J. (2021). Environmental decision making in small companies : a behavioral economics perspective. In E. Quah & R. Schubert (Eds.), Sustainability and Environmental Decision Making (pp. 129–151). Springer. https://doi.org/10.1007/978-981-15-9287-4_13

Grieder, M., Kistler, D. and Schmitz, J. (2021) ‘Environmental decision making in small companies : a behavioral economics perspective’, in E. Quah and R. Schubert (eds) Sustainability and Environmental Decision Making. Singapore: Springer, pp. 129–151. Available at: https://doi.org/10.1007/978-981-15-9287-4_13.

M. Grieder, D. Kistler, and J. Schmitz, “Environmental decision making in small companies : a behavioral economics perspective,” in Sustainability and Environmental Decision Making, E. Quah and R. Schubert, Eds. Singapore: Springer, 2021, pp. 129–151. doi: 10.1007/978-981-15-9287-4_13.

GRIEDER, Manuel, Deborah KISTLER und Jan SCHMITZ, 2021. Environmental decision making in small companies : a behavioral economics perspective. In: Euston QUAH und Renate SCHUBERT (Hrsg.), Sustainability and Environmental Decision Making. Singapore: Springer. S. 129–151. ISBN 978-981-15-9286-7

Grieder, Manuel, Deborah Kistler, and Jan Schmitz. 2021. “Environmental Decision Making in Small Companies : A Behavioral Economics Perspective.” In Sustainability and Environmental Decision Making, edited by Euston Quah and Renate Schubert, 129–51. Singapore: Springer. https://doi.org/10.1007/978-981-15-9287-4_13.

Grieder, Manuel, et al. “Environmental Decision Making in Small Companies : A Behavioral Economics Perspective.” Sustainability and Environmental Decision Making, edited by Euston Quah and Renate Schubert, Springer, 2021, pp. 129–51, https://doi.org/10.1007/978-981-15-9287-4_13.