References
- Al-Emran M., Al-Qaysi N., Al-Sharafi A. (2025). “Role of perceived threats and knowledge management in shaping generative AI use in education and its impact on social sustainability”. The international journal of Management Education 23, 101105. (1)
- Andrew NG. (2019). “AI Transformation Playbook – How to lead your company into the AI era” Landing AI. (2)
- Atkova I., Galkina T., Yang M., Leposki T., Ahokangas P. (2025). “Opening the black box of transition towards sustainable business models”. Long range planning 58, 102499. (3)
- Aström J., Reim W., Parida V. (2022). “Value creation and value capture for AI business model innovation: a three-phase process framework”. Review of Managerial Science 16, 2111-2133. (4)
- AI Safety Report (2025). Future of Life Institute. (5)
- AI Index Report (2025). HAI (Human-centered Artificial Intelligence department), Stanford University. (6)
- Birkin F., Cashman S., Koh C.L., Liu Z., (2009). “New sustainable business models in China” Business strategy and the environment 64-77. (7)
- Bahaw P., Forgenie D., Sadiq G., Sookhai S. (2025). “Generative AI for business sustainability: Examining usability, usefulness and triple bottom line impact in small and medium enterprises”. Sustainable Futures 10, 100815. (8)
- Bond P., Levit D. (2025) “ESG: a panacea for market power”. Journal of financial economics 165, 103991. (9)
- Bocken N.M.P., Short S.W., Rana P., Evans S. (2014). “A literature and practice review to develop sustainable business models archetypes”. Journal of cleaner production 65, 42-56. (10)
- Chen A., Li L., Shalid W. (2024) “Digital transformation as the driving force for sustainable business performance: A moderated meditation model of market driven business model innovation and digital leadership capabilities”. Hellyon 10, e29509. (11)
- Corcoran K., Cook D., Johannsdottir L. (2024). “A qualitative inquiry into sustainable transitions and business models in Icelandic energy-related companies”. Sustainable production and Consumption 46, 208-222. (12)
- Csutora M., Harangozo G., Szigeti C. (2022). “Sustainable Business Model – Crisis and Rebound based on Hungarian research experience” Resources 11, 107 MDPI. (13)
- Das A., Konietzko J., Bocken N., Dijk M. (2023). “The Circular Rebound Tool: A tool to move companies towards more sustainable circular business models”. Resources, Conservation & Recycling Advances 20, 200185. (14)
- Dormier C., Mindt N., Niemeyer J., Asghari R., Mennenga M. (2024). “Review and framework for the engineering of Business Models for Sustainability: A system of system perspective”. Sustainable production and Consumption 51, 1-22. (15)
- Di Vaio A., Palladino R., Hassan R., Escobar O. (2020). “Artificial intelligence and business models in the sustainable development goals perspective: A systematic literature review”. Journal of Business Research 121, 283-314. (16)
- Edmans A. (2024). “Rational Sustainability”. London Business School. (17)
- Gazzola P., Drago C., Pavione E., Pignoni N. (2024). “Sustainable business models: An Empirical Analysis of environmental sustainability in leading manufacturing companies”. Sustainability 16, 8282 MDPI. (18)
- Gandia J., Gavrila S., Ancillo A., Nunez M. (2025). “Towards sustainable business in the automation era: Exploring its transformative impact from top management and employee perspective”. Technological Forecasting&Social Change 210, 123908. (19)
- Geissdoerfer M., Vladimirova D., Evans S. (2018). “Sustainable business model innovation: A review”. Journal of Cleaner Production 198, 401-416. (20)
- Giglio S., Maggiori M., Stroebel J., Tan Z., Utkus S., Xu X. (2025) “Four facts about ESG beliefs and investor portfolios”. Journal of financial economics 164, 103984. (21)
- Jorzik P., Antonio J., Kanabach D., Kallmuenzer A., Kraus S. (2024) “Sowing the seeds for sustainability: A business model innovation perspective on AI in green technology startups”. Technological Forecasting & Social Change 208, 123653. (22)
- Jablonski A. (2016). “Scalability of Sustainable Business Models in Hybrid Organizations”. Sustainability 8, 194 MDPI. (23)
- Kanbach D., Heiduk L., Blueher G., Schreiter M., Lahnmann A. (2024). “The GenAI is out of the bottle: generative artificial intelligence from a business model innovation perspective” Review of Managerial Science 18, 1189-1220. (24)
-
Kahn J. (2024). “Mastering AI: A survival guide to our superpowered future” Bedford Square Publishers. (25)
Kahn J. ( 2024 ) . “Mastering AI: A survival guide to our superpowered future” Bedford Square Publishers . ( 25 )
- Khan A., Rahman A., Mahmud F.U., Bishnu K.K., Ahmed M., Mridha M.F., Aung Zeyar. (2025). “A systematic review of AI-driven business models for advancing Sustainable Development Goals”. Array 28, 100539. (26)
- Lee J., Suh T., Roy T., Baucus M. (2019). “Emerging Technology and Business Model Innovation: The case of Artificial Intelligence”. Journal of Open Innovation: Technology, Market and Complexity 5, 44 MDPI. (27)
- Martiny A., Taglialatela J., Testa F., Iraldo F. (2024). “Determinants of environmental social and governance (ESG) performance: A systematic literature review”. Journal of Cleaner Production 456, 142213. (28)
- Mitchell J., Sigurjonsson T.O., Kavardis N., Wendt S. (2024) “Green bonds and sustainable business models in Nordic energy companies”. Current research in environmental sustainability 7, 100240. (29)
- Morris, M., Schindehutte, M. and Allen, J. (2005). ‘The Entrepreneur’s Business Model: Toward a Unified Perspective”. Journal of Business Research, 58, 726-735. (30)
- Mosgaard A. M., Kristensen H. S. (2023). “From certified environmental management to certified SDG management: new sustainability perceptions and practices”. Sustainable Futures 6, 100144. (31)
- Nosratabadi S., Mosavi A., Shamshirband S., Zavadskas E., Rakotonirainy A., Chau K. (2019). “Sustainable business models:A Review”. Sustainability 11, 1663 MDPI. (32)
- Purvis B., Mao Y., Robinson D. (2017) “Three pillars of Sustainability: in search of conceptual origins” Sustainability science, 681-695. (33)
- Rezaeian M., Pinkse J., Rigby J. (2024). “Transforming titans: The role of policy mixes in business model adaptation strategies for sustainable transitions”. Energy Research and Social Science 112, 103499. (34)
- Sharma A., Khokhar M., Duan Y., Bibi M., Sharma R., Muhammad B. (2025). “AI and sustainable business model innovation: A systematic literature review”. Sustainable Futures 10, 101204. (35)
- Sjodin D., Parida V., Kohtamaki M. (2023) “AI enabling circular business model innovation in digital servitization: Conceptualizing dynamic capabilities, AI capacities, business models and effects”. Technological forecasting and Social change 197, 122903. (36)
- Zechiel F., Blaurock M., Weber. E., Bűtgen M., Coussement K., (2024). “How tech companies advance sustainability through artificial intelligence”. Industrial marketing management 119, 75-89. (37)
- Zopounidis C., Lemonakis C. (2024) “The company of the future: Integrating sustainability, growth, and profitability in contemporary business models”. Development and sustainability in economics and finance 1, 100003. (38)
DOI: https://doi.org/10.2478/picbe-2026-0114 | Journal eISSN: 2558-9652
Language: English
Page range: 1493 - 1506
Published on: Jul 21, 2026
Published by: Bucharest University of Economic Studies
In partnership with: Paradigm Publishing Services
Publication frequency: 1 issue per year
Keywords:
Related subjects:
© 2026 Ivaylo BONEV, published by Bucharest University of Economic Studies
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.