ISBN
Formato digital
979-13-87837-22-8
Fecha de publicación
06-08-2025
Licencia
D. R. © copyright 2024. Dr. César Vega Zárate, Dra. Patricia Arieta Melgarejo, Dr. Alejandro José Saldaña Rosas
Tania Muñoz Ramos
Universidad Veracruzana
0000-0002-8498-2771
Edgar Juan Saucedo Acosta
Universidad Veracruzana
0000-0002-0373-7804
Acerca de
In recent decades, the role of business in solving various environmental challenges has emerged as a subject of debate (Gladwin, 1987; Balachandran et al., 2011; Davies, 2009; Hertin and Berkhout, 2003). Traditional environmental and welfare economics theory largely concludes that market failures inherent in the economic system prevent business action from solving environmental problems and, indeed, often motivate environmentally degrading business behaviors (Pigou, 2017; Tietenberg, 2000).
Martinez-Alier et al. (2004) establish that the market economy does not ensure social or ecological reproduction since the market does not manage to produce the energy and materials used in industrial economies but merely achieves their extraction. In contrast, some authors promote the entrepreneurial role as a means to solve the problems of market failures (Coase, 1974; North and Thomas, 1970) and, more specifically, environmental problems (Anderson, 2000; Dean and McMullen, 2007).
Considering that environmental problems generally tend to create uncertainty, the need for sufficient mechanisms to combat such problems is evident for DiMaggio and Powell (1983); Weisbuch (2000); Ostrom (2008); These mechanisms are the institutions, taken as the written and unwritten rules, norms, and restrictions that humans design to reduce the uncertainty that human exchange entails and thereby control their environment (North, 1991).
If institutions are the rules, then organizations are groups formed by individuals united by common goals that build belief systems, which evolve historically from their own learning and induce decision makers to achieve a specific micro and macroeconomic performance to erect an elaborate structure of rules, norms, conventions, and beliefs embodied in constitutions, property rights, and informal restrictions; these in turn shape economic performance (North, 2008).
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