УДК: 657.3:338.2
DOI: https://doi.org/10.36887/2524-0455-2025-1-18
The article is devoted to adapting a company’s economic behavior to the conditions of sustainable development. Its purpose is to systematize, generalize, and improve the theoretical and methodological foundations of forming a company’s economic behavior and to substantiate the directions of its adaptation by the concept of sustainable development. The article examines the essence and evolution of theoretical approaches to defining the nature of a company’s economic behavior, starting from classical economic theories and ending with modern concepts of sustainable development and digital transformation. The study thoroughly analyzes classical theories based on rational choice, institutional theory, which considers interactions with economic and social institutions, and behavioral economics, which considers the psychological aspects of decision-making. The research justifies the need for companies’ economic behavior to adapt to modern economic conditions, particularly implementing the sustainable development concept. Key directions for adjusting a company’s economic behavior are proposed, including implementing energy-efficient technologies, developing corporate social responsibility, forming strategic partnerships, and digitalizing business processes. Special attention is given to integrating environmental, social, and managerial aspects into companies’ behavioral models, which, according to the authors, is a prerequisite for their stable development in a globalized environment. The study identifies key challenges companies face in adapting their economic behavior to sustainable practices, including financial constraints, legislative instability, insufficient awareness among management personnel, and resistance to change. The study reveals that integrating sustainable development principles into corporate behavioral models enhances investment attractiveness, competitiveness, and long-term resilience. The research results have practical significance for shaping a company’s economic behavior, strategic management, developing sustainable development policies, and improving economic efficiency in conditions of instability.
Keywords: economic behavior, company economic behavior, sustainable development, adaptation of economic behavior, risk.
References.
- Marshall, A. (1890). Principles of economics. Macmillan. 731 p. Available at: http://digamo.free.fr/marshall90.pdf.
- North, D. C. (1990). Institutions, institutional change and economic performance. Cambridge University Press. 159 p. Available at: http://ndl.ethernet.edu.et/bitstream/123456789/12396/1/206%20.%20Douglass_C._North.pdf.
- Coase, R. (1937). The nature of the firm. Economica, vol. 4(16), pp. 386–405. Available at: https://www.jstor.org/stable/2626876.
- Freeman, R. (1984). Strategic management: A stakeholder approach. Pitman Publishing. 292 p. Available at: http://archive.org/details/strategicmanagem00free/page/n5/mode/2up.
- Simon, H. A. (1957). Models of man: Social and rational. Wiley. 287 p.
- Kahneman, D., & Tversky, A. (1979). Prospect theory: An analysis of decision under risk. Econometrica, vol. 47(2), pp. 263–291. https://doi.org/10.2307/1914185.
- Schumpeter, J. (1934). The theory of economic development. Harvard University Press. 255 p. Available at: https://cruel.org/books/hy/shortschumpeter/SchumpeterTheoryofEconDev.pdf.
- Protsenko, V. (2019). Formuvannia ekonomichnoi povedinky pidpryiemstv pid vplyvom vnutrishnoho ta zovnishnoho ryzykovoho seredovyshcha [Formation of economic behavior of enterprises under the influence of internal and external risk environment]. Economics Bulletin, no. 3, pp. 181–186. https://doi.org/10.33271/ev/67.181.
- Shybaieva, N. V. (2002). Osoblyvosti ekonomichnoi povedinky subiektiv hospodariuvannia v umovakh rynkovoi transformatsii ekonomiky [Peculiarities of economic behavior of business entities in the conditions of market transformation of the economy]: Author’s abstract of PhD thesis. Kharkivskyi natsionalnyi universytet im. V. N. Karazina. 16 p.
- Moroz, O. V., Karachyna, N. P., & Ostryi, I. F. (2017). Suchasnist ta perspektyvy doslidzhennia ekonomichnoi povedinky pidpryiemstv [Modernity and prospects of studying enterprises’ economic behavior]. Ekonomika ta derzhava, no. 4, pp. 16–20. Available at: http://www.economy.in.ua/pdf/4_2017/4.pdf.
- Voinarenko, M. P. (2011). Faktor ekonomichnoi povedinky u diialnosti pidpryiemstv [The factor of economic behavior in enterprise activity]. Visnyk Khmelnytskoho natsionalnoho universytetu, no. 6, vol. 1, pp. 61–64. Available at: https://journals.khnu.km.ua/vestnik/pdf/ekon/2011_6_1/061-064.pdf.
- Datsenko, V. V., & Karaiants, A. A. (2024). Formuvannia ekonomichnoi povedinky pidpryiemstva u pisliavoiennyi period ekonomiky Ukrainy [Formation of enterprise economic behavior in the post-war period of Ukraine’s economy]. Investytsii: praktyka ta dosvid, no. 18, pp. 94–97. https://doi.org/10.32702/2306-6814.2024.18.94.
- Carroll, A., & Shabana, K. (2010). The business case for corporate social responsibility: A review of concepts, research and practice. International Journal of Management Reviews, vol. 12(1), pp. 85–105. https://doi.org/10.1111/j.1468-2370.2009.00275.x.
The article was received 22.02.2025