Research

Research

My research focuses on strengthening long-term value creation by integrating circular economy principles into financial governance, decision-making, and value chain design.

At its core, my work addresses a central question: how can circular and sustainable strategies be embedded in the financial and governance systems that ultimately determine organizational behavior? Many sustainability ambitions fail not because of a lack of intent, but because they are insufficiently translated into the language of capital allocation, risk assessment, performance measurement, and board oversight.

My research is structured around three interconnected themes:

1. Circular Economy & Governance
I examine how governance frameworks, supervisory structures, and accountability mechanisms can support circular business models. This includes board-level steering, risk oversight, and the integration of sustainability into performance and control systems.

2. Circular Economy, Data & Digitalization
Reliable data infrastructures are essential for credible steering. I study how digital tools, transparency mechanisms, and reporting architectures enable organizations to measure circular performance, assess risk exposure, and strengthen decision quality.

3. Circular Economy & Value Chain Collaboration
Circular value creation extends beyond organizational boundaries. My work explores governance and contractual arrangements that facilitate collaboration across supply chains, aligning incentives and managing interdependencies between stakeholders.

Methodologically, I combine interdisciplinary insights from accounting, finance, governance, and sustainability research. I develop applied frameworks and tools that are academically grounded and practically implementable.

The overarching objective of my research is clear: to ensure that sustainable value creation is not positioned outside financial logic, but becomes structurally embedded within it — where strategic decisions are ultimately made.

 

Current Research Projects

  1. Circular Shift (Interreg, 3.5 years) An international project focused on advancing public circular procurement. The research supports public authorities in embedding circular criteria into tendering, contracting, and governance structures, moving from pilots to structural implementation: https://circularshift.nweurope.eu/ 
  2. Accounting for Circular Value
    Development of accounting frameworks that make circular value creation visible and decision-relevant within existing financial and control systems, supporting capital allocation and board oversight.
  3. ESG, Digitalization & Data
    Research on how ESG data infrastructures and digital tools enhance board-level decision-making, scenario analysis, and performance management in support of long-term value creation.

An overview of my publications is provided below.

Zandee, D., Rotaru, K., Creed, A., & Zutshi, A. (2026). Infrastructuring socio-ecological stewardship: accounting, governance and circular economy transitions in construction. Accounting, Auditing & Accountability Journal39(9), 28-63.

Maas, K., Zandee, D.C., Janssen Groesbeek, M. (2025) Reporting in circles? How public firms navigate ESRS E5 on the circular economy. Maandblad voor Accountancy en Bedrijfseconomie

Lambooy, T., Vanderlugt, J., & Zandee, D. (2025). The Impact of Evolving EU Regulation on Forest-Based Business Models. European Company Law, 22(4/5).

Vanderlugt, J., Zandee, D., Lambooy, T. (2025). De EU Ontbossingsverordening: meer dan alleen ontbossing. Corporate Sustainability, Kluwer

Zandee, D., Zutshi, A., Creed, A., & Nijhof, A. (2024). Aiming for bullseye: A novel gameplan for circular economy in the construction industry. Engineering, Construction and Architectural Management, 31(2), 593-617.

Fischer, A., Zandee, D., & Groesbeek, M. J. (2023). 12 Finance and accounting in the circular economy. Handbook of the Circular Economy: Transitions and Transformation, 191-218.

Zandee, D. (2024). Transparantie in de circulaire economie onder de CSRD: de kloof tussen richtlijnen en realiteit. Maandblad voor Accountancy en Bedrijfseconomie, 98(7), 451-458.

Zandee, D.C. (2023) Decision-making in Linear-Circular Economy Transitions, PhD thesis, Nyenrode Business University