Federica Gasbarro

Managing Physical Impacts of Climate Change An Attentional Perspective on Corporate Adaptation

Based on a study of the oil and gas industry, this article examines how physical impacts of climate change become events that firms notice and interpret in a way that leads to an active response to adapt to these impacts. Theoretically, the study draws on the attention-based view to highlight the potential biases that might occur as a consequence of firms’ preconceptions as well as organizational structure and context. In the empirical analysis, the article derives a model that explains the influence of the attentional process on how awareness and perceived vulnerability lead firms to adopt either routine or non-routine measures to adapt to climate change. The article also explores the relevant underlying factors of awareness and perceived vulnerability. The findings suggest that how firms channel attention to climate events has a distinctive influence on the measures firms take to cope with physical impacts. The article concludes with implications for research, management practice, and policy makers.

The Interplay Between Sustainable Entrepreneurs and Public Authorities Evidence From Sustainable Energy Transitions

Sustainable entrepreneurs are considered to play a crucial role in fostering sustainable development. However, transitions in sociotechnical systems, such as a transition to low-carbon energy solutions, are unlikely to succeed without the coordination with regional political actions, particularly in sectors characterized by path dependency and lock-ins. Based on an empirical analysis of the interplay between firms and public authorities when opening new energy niche markets through Sustainable Energy Action Plans, this article explores the role of sustainable entrepreneurs. We investigate the different levels of engagement with public authorities in co-evolutionary processes toward sustainable development. From this empirical research, four types of co-evolutionist sustainable entrepreneur are derived—hero, visionary, bandwagoner, and explorer. These correspond to the different degrees of interaction with public authorities and system level of action, and extend the definition of the sustainable entrepreneur. The related academic and managerial implications contribute to the current debate on sustainable entrepreneurship.

Sustainable institutional entrepreneurship in practice: Insights from SMEs in the clean energy sector in Tuscany (Italy)

Purpose The purpose of this paper is to illustrate how sustainable entrepreneurs (SEs) address the regulative, normative and cultural-cognitive institutional pillars when operating in conservative contexts. It aims to study in depth the use of sustainable innovation (SI) as a means of increasing legitimacy within the institutions, thus triggering an institutional change. Design/methodology/approach The paper opted for an exploratory study on the Tuscan geothermal heat pumps market, which presents a promising but still largely unexploited sustainability potential despite its low institutional support, using the open-ended approach of grounded theory. The data include interviews and archive data, such as newspapers, magazines. Findings The paper provides empirical insights on how sustainable institutional entrepreneurs (SIEs) have developed innovative business models based on direct relationship with the final customers and strategic partnerships as a means of increasing legitimacy within the normative and cultural-cognitive institutions, and subsequently in the regulative institutions, through: innovative value propositions aimed at changing industry norms and social beliefs; increasing the private benefit of innovative sustainable business models in order to trigger imitation dynamics; inter-sector strategic partnerships sharing the same sustainability objectives; the inclusion of the relevant actors in relation to the social norms and cultural-cognitive barriers in a value proposition. On the basis of these findings a model has been developed. Research limitations/implications The study enriches the sustainable entrepreneurship research stream by providing empirical evidence on how SEs foster changes in the three institutional pillars with SI. It also contributes to the institutional entrepreneurship research by extending the results of previous studies regarding institutional tactics. Practical implications The paper could help SIEs prioritizing changes in value propositions and strategic partnerships to create market-based coalitions, as a means of institutional legitimization for SI. Originality/value The study illustrates the relationship between the sustainable institutional entrepreneurial practices and each institutional pillar, including the cultural-cognitive institutions, which have been neglected in previous research. This allows formulating five key propositions that guide SEs in succeeding as both sustainable and institutional entrepreneurs.