Unveiling the role of sustainability practices, co-innovation and entrepreneurial orientation on SMEs performance: An empirical study in developing country

IF 4.8 Q1 BUSINESS Business Strategy and Development Pub Date : 2024-10-17 DOI:10.1002/bsd2.70022
Hai-Ninh Do, Ngoc Bich Do, Tra My Nguyen
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Abstract

The emergence of climate change calls for the high-intensity adoption of sustainability practices in all business actors, especially small-and-medium enterprises (SMEs). Yet the adoption of such practices remains lag far lower than developed nations. This article examines the relationship between sustainability practices, a firm's strategic movements towards co-innovation and entrepreneurial orientation, and SMEs performance. Using quantitative data from questionnaires, a total of 450 SMEs in Vietnam participated in this research. The results indicate two crucial findings. First, economic and social sustainability practices enable technological innovation and innovation outcomes through co-innovation and entrepreneurial orientation. Second, the effectiveness of technological innovation on SMEs performance is examined in a developing country context. These findings will provide empirical evidence for SMEs and corporations in developing countries to craft sustainable orientations and practices to aid the Sustainable Development Goals.

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揭示可持续发展实践、共同创新和创业导向对中小企业绩效的作用:发展中国家的实证研究
气候变化的出现要求所有企业,特别是中小型企业(SMEs)高强度地采用可持续发展的做法。然而,与发达国家相比,中小型企业采用可持续发展实践的程度仍然较低。本文探讨了可持续发展实践、企业向共同创新和创业导向的战略转变与中小企业绩效之间的关系。共有 450 家越南中小型企业参与了这项研究,并通过问卷调查获得了定量数据。研究结果表明了两个重要发现。首先,经济和社会可持续发展实践通过共同创新和创业导向促成了技术创新和创新成果。其次,在发展中国家背景下考察了技术创新对中小企业绩效的影响。这些发现将为发展中国家的中小型企业和公司提供经验证据,帮助它们制定可持续发展的方向和做法,以实现可持续发展目标。
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来源期刊
Business Strategy and Development
Business Strategy and Development Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)
CiteScore
5.80
自引率
6.70%
发文量
33
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