Extra-economic Value Creation for Corporate Sustainability

Recognizing the attention in academia and industry dedicated to the value created by firms beyond profit, this paper analyzes the themes that constitute the extra-economic value creation for Corporate Sustainability literature. With a systematic literature review methodology and a thematic analysis, I illustrate the common themes in articles discussing social, ethical, environmental, collaborative, shared, and sustainable value creation. Usually, each value concept is reviewed singularly in the literature. In this paper, I instead analyze the most discussed topics across articles and highlight the primary connections, differences, and similarities among value categories. This review sets out that the extra-economic value creation concept, as an umbrella for a number of phenomena, is discussed around three main categories: antecedents, means, and outcomes of extra-economic value creation. Then, I delineate how future research can advance the literature by filling the gaps and providing new perspectives. I conclude by highlighting the main findings and limitations of the study.