Natalia Teixeira

@isg.pt

ISG - Business & Economics School

Natália Teixeira is an Associated Professor at ISG - Instituto Superior de Gestão. Natália has a PhD. in Economics (University of Manchester, 1999), a master’s degree in Economics (University of Manchester, 1995), and an undergraduate degree in Economics (Universidade Nova de Lisboa, 1993). University lecturer since 2000, having collaborated in several institutions, assuming roles in academic and management bodies. She is currently scientific coordinator of the Undergraduate Degree in Economics at ISG. Her research interests are economic growth and economic cycles, social responsibility, and environmental sustainability, being an integrated member of CEFAGE - Center for Advanced Studies in Management and Economics and collaborates with CIGEST.

EDUCATION

1995-1999: PhD Economics, University of Manchester
1994-1995: Master´s in Economics from the Faculty of Economic and Social Studies da University of Manchester
1988-1993: Degree in Economics, Faculty of Economics, Universidade Nova de Lisboa

RESEARCH, TEACHING, or OTHER INTERESTS

Economics, Econometrics and Finance, Strategy and Management, Business and International Management

31

Scopus Publications

Scopus Publications

  • Circular Economy Narratives as Corporate Social Responsibility Strategies: Organisational Identity and Legitimacy
    Natália Teixeira

    Wiley
    ABSTRACT Organisations increasingly frame the circular economy as part of their corporate social responsibility (CSR) strategies, yet the meaning of circularity remains fluid and contested. While prior research has emphasised the technical and operational dimensions of circular economy practices, less is known about how organisations use circularity narratives to manage identity and legitimacy in sustainability transitions. This article develops a conceptual framework that theorises circular economy narratives as strategic CSR resources and explains how organisations mobilise authentic, strategic, and defensive narratives in response to stakeholder expectations and institutional pressures. Drawing on illustrative secondary material from the energy, fashion, and packaging sectors, the framework shows how different narrative approaches are associated with distinct legitimacy outcomes and greenwashing risks. By linking circular economy narratives to CSR strategy, organisational identity, and legitimacy management, this article contributes to research on CSR and environmental management and provides a foundation for future empirical research on CSR communication, legitimacy management, and environmental governance.

  • Beyond ESG Disclosure: Circular Economy Practices and Corporate Financial Performance Across Global Sectors
    Natália Teixeira

    Wiley
    ABSTRACT The growing prominence of environmental, social and governance (ESG) metrics has reshaped how corporate sustainability is assessed, yet these indicators often prioritise disclosure over operational transformation. This study examines whether circular economy practices, conceptualised as an operational dimension of corporate social responsibility, are associated with corporate financial performance beyond conventional ESG scores. Using a balanced panel of leading global firms across four sectors over the period 2015–2024, the analysis explores the relationship between the degree of circular economy adoption, market valuation and profitability indicators. The results indicate that firms with higher levels of circular economy adoption tend to have higher market capitalisation and superior financial returns (measured by ROA and ROE), while ESG scores display a weaker and, in some cases, negative association with valuation. These findings suggest that circular economy practices capture dimensions of sustainability performance not fully reflected in ESG ratings. By empirically distinguishing between sustainability disclosure and operational circularity, this study contributes to the corporate social responsibility and sustainability strategy literature and offers practical insights for managers, investors, and policymakers seeking to align sustainability initiatives with long‐term value creation.

  • Green digital finance and new quality productive forces: bridging technological innovation and sustainable productivity
    Natália Teixeira

    Emerald
    Purpose This study critically reviews the emerging literature on green digital finance, focusing on the interplay between digital technologies and sustainable financial transformation. This review examines four key domains (blockchain, artificial intelligence, big data and digital platforms) and analyses their potential contributions to green finance as well as associated risks. A conceptual framework is proposed to illustrate how digital innovations, supported by appropriate institutional contexts, can foster new quality productive forces. The study identifies major research gaps, particularly the lack of empirical assessments, the need for harmonised governance mechanisms and the limited engagement with behavioural dynamics. Policy and managerial implications are outlined, with strategic recommendations for regulators, financial institutions, platform providers and development agencies. The paper concludes by highlighting directions for future interdisciplinary research and practical frameworks to align green finance with technological transformation and sustainable productivity. Additionally, the work contributes to the ongoing debate on the emergence of new quality productive forces, analysing how green digital finance can act as a catalyst for sustainable economic transformation through technological innovation and institutional realignment. Design/methodology/approach The paper adopts a critical literature review methodology, systematically analysing peer-reviewed studies and policy documents on green digital finance across four technological domains. A conceptual framework is developed to structure the relationship between technological tools, institutional enablers and productive transformation. The review is complemented by a structured research agenda and a matrix of stakeholder-specific implications. Findings The review identifies four key technological drivers of green digital finance and highlights both their transformative potential and systemic risks. It finds that blockchain and AI can support traceability and automation, but face governance and bias concerns. Big data and platforms offer behavioural and analytical advantages, yet pose challenges in terms of privacy, data quality and accountability. The study concludes that green digital finance can catalyse new productive forces if supported by institutional innovation, inclusive design and standardised evaluation metrics. Originality/value This paper is among the first to systematically link green digital finance to the formation of new quality productive forces, providing both a conceptual framework and a policy-oriented synthesis of technological developments. Unlike prior reviews, it integrates critical reflections on governance, behavioural factors and empirical gaps, offering a structured research and policy agenda with relevance for China and other emerging economies.

  • Circular economy perspectives: challenges, innovations, and sustainable futures
    Natália Teixeira

    Springer Science and Business Media LLC
    Abstract Purpose This study presents a systematic review of the literature on Circular Economy (CE), examining its theoretical foundations, governance mechanisms, enabling technologies, and implementation challenges in various contexts. Design/methodology/approach Following the PRISMA guidelines, the review covers peer-reviewed articles published between 2017 and 2025. The Scopus and Web of Science databases were searched using a defined chain strategy. After applying the inclusion and exclusion criteria, 111 articles were selected and analysed thematically. Results The results highlight the fragmented and evolving nature of the debate on CE. Four main dimensions emerged: (i) conceptual foundations, with competing paradigms between economic and ecological schools; (ii) policies and governance, where regulatory gaps and incompatibilities between scales remain fundamental constraints; (iii) technological enablers, particularly digital tools and renewable solutions, with varying levels of maturity; and (iv) barriers to implementation, including financial, institutional, and cultural constraints. The literature reveals regional asymmetries, sectoral fragmentation, and limited integration of CE into broader sustainability strategies. Originality This study contributes by offering a structured synthesis of the field of CE, identifying dominant patterns and critical gaps. It also proposes a future research agenda focused on governance innovation, technological integration, and coordination between scales to promote circular transitions.

  • Economic growth and environmental sustainability in more and less sustainable countries
    Natália Teixeira, Rosa Rodrigues, and António Rodrigues

    Springer Science and Business Media LLC

  • Green Innovation and National Competitiveness: Rethinking Economic Resilience in the Sustainability Transition
    Natália Teixeira

    MDPI AG
    With environmental and economic disruptions occurring faster than ever before, the link between green innovation and national competitiveness deserves further analysis. This article investigates how sustainability-oriented strategies (particularly investments in research and development (R&D), renewable energy, and innovation capacity) affect the performance of environmental goods exports and national economic resilience. An exploratory cross-sectional analysis is conducted using multiple linear regression models applied to a sample of 14 countries, including the seven most sustainability-oriented economies and seven countries whose economic growth relies predominantly on fossil fuels. The results suggest a strong positive relationship between R&D expenditure and green trade competitiveness, while renewable energy consumption indicators produce mixed or even negative short-term effects. Adjusted net savings emerge as a robust indicator of both growth and competitiveness. However, no significant associations were found between renewable energy indicators and economic resilience, highlighting transitional trade-offs and institutional barriers inherent in ecological transformation. The study contributes to the growing literature on green transitions by combining macroeconomic indicators of innovation and sustainability with export performance. Policy implications include aligning innovation strategies with trade objectives, improving the measurement of green competitiveness, and supporting institutional preparedness for the transition.

  • Macroeconomic Determinants of Subjective Well-Being in Portugal: Pathways to Social Sustainability
    Natália Teixeira, Leandro Pereira, and Rui Vinhas da Silva

    MDPI AG
    The measurement of national well-being has become central to both academic and policy debates, particularly within the framework of sustainable development. In this context, this study investigates the relationship between macroeconomic conditions and subjective well-being in Portugal. Using annual data from 2004 to 2022, we explore the effects of GDP per capita, unemployment, and inflation on the Global Well-Being Index (GWBI). Employing ordinary least squares (OLS) regression, the results indicate a significant positive relationship between GDP per capita and subjective well-being, while inflation is negatively associated. Contrary to expectations, the unemployment rate showed a positive and significant association with the GWBI. This counterintuitive result may reflect institutional buffering effects, such as social safety nets, strong family structures, or lagged responses in perceptions of well-being. Similar patterns were observed in other southern European countries with strong informal social support systems. These findings contribute to a deeper understanding of how economic indicators relate to perceived well-being, particularly in the context of a southern European country. The study offers relevant insights for public policy, including the alignment of macroeconomic management with the Sustainable Development Goals (SDGs), especially SDG 3 (Good Health and Well-being) and SDG 8 (Decent Work and Economic Growth).

  • Circular Economy Models for Reducing Food Waste and Enhancing Sustainability: A Case Study of Cooperative X
    Natália Teixeira, Rosa Rodrigues, and Tânia Antunes

    Springer Science and Business Media LLC

  • Developing Theoretical and Methodological Provisions for Improving the Mechanism of Labour Efficiency
    Tetiana Kornieieva, Miguel Varela, Ana Lúcia Luís, and Natália Teixeira

    MDPI AG
    The article presents a theoretical generalisation and solution of a current scientific and applied problem which develops theoretical principles, methodological approaches and scientific and practical recommendations for improving the mechanism of labour efficiency management in terms of innovation-oriented development of enterprises. It is substantiated that in the conditions of innovation-oriented development of ecosystems, including enterprises, the disclosure of the essence of labour efficiency requires introduction of a dual quantitative–qualitative approach: on the one hand, labour efficiency reflects the ratio of the manufactured products (tangible and intangible benefits) and corresponding living labour costs (quantitative aspect) and, on the other hand, it is the result of using productive abilities of people, characterised by manufactured products of a particular consumer quality with the creation of added value (qualitative aspect). Conceptual bases of improvement of the mechanism of labour efficiency management at enterprises were developed. They are based on certain tasks, functions, principles, methods of labour efficiency management and the formed system of factors of influence and the revealed factors and reserves of an increase in labour efficiency. They presuppose development and realisation of the corresponding programme, which aims to: optimise total labour costs; improve quality of products at a constant mass and satisfaction with the work process of all its participants; ensure positive changes in material well-being and quality of life on the basis of the formation of modern innovation infrastructure of the enterprise.

  • How corporate marketing strategy can leverage UN 2030 Sustainable Development Goals
    Alexandra Catarino Mendes, Leandro F. Pereira, Álvaro Dias, Rui Vinhas d, a Silva, and Natália Teixeira

    Inderscience Publishers

  • Strengthening Young Citizen Participation Through Participatory Budgeting: The Case of Cascais
    Mariana Marques, Ana Lúcia Luís, and Natália Teixeira

    Springer Nature Switzerland

  • The public debt as handicap to economic growth
    Natália Teixeira, Rita Luz, Rui Vinhas d, a Silva, Leandro Pereira, Sérgio Vinhas d, and a Silva

    Inderscience Publishers

  • Life cycle development and approach of management consulting projects
    Renato Lopes d, a Costa, Leandro F. Pereira, Álvaro Dias, Rui Gonçalves, Rui Vinhas d, a Silva, and Natália Teixeira

    Inderscience Publishers

  • Social responsibility and green practices in organizational performance: Corporate image as mediating mechanism
    Rosa Isabel Rodrigues, Natalia Teixeira, Ana Lucia Luis, and Rui Silva

    Conscientia Beam
    Sustainability-related endeavors are progressively employed to cultivate a favorable business reputation that enhances consumer loyalty and, as a result, enhances organizational performance. This study is situated within a specific research issue and seeks to examine the mediating function of corporate image in the association between social and moral responsibility, green practices in the workplace, and organizational performance. The study sample consisted of 223 individuals who were employed as workers, ranging in age from 18 to 64 years. The study was operationalized using a quantitative methodology. Data were collected through four questionnaires assessing employees' perceptions of social and moral responsibility, green practices in the workplace, corporate image, and the performance of the organization where they work. The results revealed that social and moral responsibility, green practices in the workplace, and corporate image have a significant positive influence on organizational performance. It was also found that when corporate image enters the model with the status of a mediating variable, the effect of social and moral responsibility on organizational performance decreases but remains significant. These results suggest that when organizational performance is evaluated, the importance attributed to corporate image overlaps with social and moral responsibility. This research highlights the importance of cultivating a positive corporate image. It also helps to increase perceptions of the organization's social and environmental responsibility and to strengthen customer loyalty by improving its reputation and fostering higher levels of trust. These improvements can subsequently increase sales, boost profits, and expand the organization's market share.

  • ROI in Training Projects: From Satisfaction to Business Impact
    Leandro F. Pereira, Álvaro L. Dias, Rui Vinhas da Silva, and Natália L. Teixeira

    Springer International Publishing

  • Financial innovation as a response to crisis – the case of catastrophe bonds
    Natália Teixeira, Alexandre Correia, Rui Vinhas d, a Silva, Leandro Pereira, Sérgio Vinhas d, and a Silva

    Inderscience Publishers

  • CAPM model applied to the Portuguese stock market
    Leandro Pereira, Sérgio Vinhas Da Silva, Natália Teixeira, Mariana Silva, and Rui Vinhas Da Silva

    Inderscience Publishers

  • The role of users in a continuous development ERP strategy: an analysis on the impact of end-users in the creation of an ERP continuous development strategy
    Rui Gonçalves, Diogo Rocha, Leandro Pereira, Renato Lopes d, a Costa, Álvaro Dias, and Natália Teixeira

    Inderscience Publishers

  • Agile applications of artificial intelligence to apparel industry
    Rui Gonçalves, Renato Lopes d, a Costa, Leandro Pereira, Álvaro Dias, Rui Vinhas d, a Silva, and Natália Teixeira

    Inderscience Publishers

  • Assessment of Labour Productivity and the Factors of Its Increase in European Union 27 and Ukrainian Economies
    Tetiana Kornieieva, Miguel Varela, Ana Lúcia Luís, and Natália Teixeira

    MDPI AG
    The article is devoted to identifying the impact of factors on the increasing labour productivity in the economies of the European Union-27 (EU-27) and Ukraine. The system of influencing factors that must be taken into account in the assessment of the labour productivity indicator was substantiated. The factors are based on the most significant indicators of innovative development (innovative activity; formation and the use of personnel; the state of use of fixed capital; the composition of the payroll budget; investment activity; and the use of working time). Based on the use of the method of linearization of the labour productivity model, the rating coefficients of the influence of factors for the economies of the EU-27 and Ukraine were determined. It has been proven that the following factors have a significant positive impact on labour productivity: an increase in the costs of scientific research and development; the growth of enterprises expenditures on research and development (R&D) in high-tech sectors; the increase in the share of scientific research personnel and researchers in the total number of the employed population; the growth of costs for the innovation of industrial enterprises; an introduction to the production of new technological processes and innovative types of products; the purchase of machinery, equipment, and software; an increase in the share of the employed population that has a basic higher education (bachelor’s degree); the growth in the share of the employed population that has a full higher education (master’s degree); the increase in the share of enterprises providing training; the increase in the capital–labour ratio; the technological equipment of labour; the machine equipment of labour; the renewal of fixed capital; and the increase in the level of intellectualization of fixed capital. The available reserves for increasing the labour productivity in EU-27 economies and Ukraine were clarified, and recommendations for managing the labour productivity in the conditions of innovative development have been provided. This study gains relevance when Ukraine has assumed the official status of an EU candidate country and the advantages and potential difficulties in the membership process should be evaluated. Labour productivity will be one of the key factors in the post-conflict recovery of the economy.


  • Lessons From the Subprime Years For the Covid Years


  • Brexit as an Opportunity for Business
    Natália Teixeira, , Márcia Serra, Jorge Vasconcellos e Sá, and

    REF Press

  • Cryptocurrencies: from characteristics to behaviours
    Rui Gonçalves, Leandro Pereira, Renato Lopes Da Costa, Álvaro Dias, and Natália Teixeira

    Inderscience Publishers

  • Healthcare management and leadership roles
    Renato Lopes Da Costa, Leandro Pereira, Rui Gonçalves, Álvaro Dias, Carlos H. Jerónimo, and Natália Teixeira

    Inderscience Publishers

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