Title: A Business Sustainability Model for Government Corporations. A Belgian Case Study
Authors: Benijts, Tim # ×
Issue Date: Mar-2014
Publisher: J. Wiley
Series Title: Business Strategy and the Environment vol:23 issue:3 pages:204-216
Abstract: A government’s decision to tackle societal non-sustainability problems by setting up a government
corporation also necessitates the choice of a business model. This article seeks to contribute to
this debate through an analysis of the (linkages between the key elements of the) business model
of the Kringloopfonds (TKF), a Belgian government corporation set up in order to provide finance
to sustainable companies. Based on documentary information and semi-structured interviews
with stakeholders TKF’s businessmodel is reconstructed which next is evaluated by means of program
theory. It was found that TKF’s portfolio allocation rule did not foresee in sufficient flexibility
in order to cope with the shortage in financeable companies TKF was confronted with. This case
thereby advocates for more business model flexibility in terms of portfolio allocation rules, time
and asset requirements as well as for thorough sensitivity analyses testing businessmodel’s resistance
to an initial and temporary shortage of sustainable companies
ISSN: 0964-4733
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Welzijn TMMA
Faculty of Economics and Business (FEB), Campus Carolus Antwerp - miscellaneous
Faculty of Economics and Business (FEB) - miscellaneous
× corresponding author
# (joint) last author

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