Environmental management decisions under risk and uncertainty: a systematic literature review of prospect theory

Asma Zeeshan, Tariq Aziz (), Muhammad Abbas and Satish Kumar

International Journal of Business and Globalisation, 2024, vol. 38, issue 4, 572-590

Abstract: This study explores the applicability of prospect theory in environmental management decisions and how much it is effective in achieving sustainability. We aim to investigate the already available literature about the given issue and show the limitations of the existing research to make way for future researchers. Further, it explores how the theory applies to different industries and how this fact is acknowledged or ignored in environmental management.

Keywords: prospect theory; environmental management; sustainability; consumer traits; consumer behaviour; health traits; favourable choices; psychological tendencies; eco-friendly behaviour; message framing; loss aversion. (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbglo:v:38:y:2024:i:4:p:572-590

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