Green Entrepreneurship and Environmental Sustainability: Current Trends and Future Directions

Authors

  • Camelia Safitri Universitas Muhammadiyah Prof. DR. Hamka, Jakarta, Indonesia Author

DOI:

https://doi.org/10.62207/1j8dnv83

Keywords:

Green Entrepreneurship, Environmental Sustainability, Emerging Markets, Green Supply Chain Management, Technological Innovation

Abstract

This research examines green entrepreneurship as a business strategy that integrates economic value with environmental sustainability principles. Using a systematic literature review method with the PRISMA approach, this research identifies key factors that influence the sustainability of green businesses in developing markets. The research results show that technological innovation, policy support, and green supply chain management are the main factors in the long-term sustainability of green businesses. The implications of this research are important for entrepreneurs and policy makers in developing effective strategies to support green entrepreneurial practices.

References

Al-Dmour, H., Hadad, H., & Al-Dmour, R. (2021). The impact of the adoption of green marketing on corporate performance of non-profitable organizations: empirical study. Social Responsibility Journal, 19(1), 1-19. https://doi.org/10.1108/srj-03-2021-0114

Alwakid, W., Aparicio, S., & Urbano, D. (2021). The influence of green entrepreneurship on sustainable development in saudi arabia: the role of formal institutions. International Journal of Environmental Research and Public Health, 18(10), 5433. https://doi.org/10.3390/ijerph18105433

Aroonsrimorakot, S. (2023). Green supply chain management (gscm) and circular economy (ce): a rapid review of their conceptual relationships. Asia Social Issues, 17(3), e259742. https://doi.org/10.48048/asi.2024.259742

Bespalyy, S. (2023). The impact of the ecological orientation of entrepreneurs on sustainable development. Iop Conference Series Earth and Environmental Science, 1231(1), 012077. https://doi.org/10.1088/1755-1315/1231/1/012077

Fok, L., Zee, S., & Morgan, Y. (2022). Green practices and sustainability performance: the exploratory links of organizational culture and quality improvement practices. Journal of Manufacturing Technology Management, 33(5), 913-933. https://doi.org/10.1108/jmtm-11-2021-0439

Haseeb, M., Hussain, H., Kot, S., Androniceanu, A., & Jermsittiparsert, K. (2019). Role of social and technological challenges in achieving a sustainable competitive advantage and sustainable business performance. Sustainability, 11(14), 3811. https://doi.org/10.3390/su11143811

Hıdıroğlu, D. (2020). Stratejik liderlik: koronavirüs salgın döneminde i̇şletmelere en uygun liderlik tipi. Turkish Studies - Social Sciences, Volume 15 Issue 4(Volume 15 Issue 4), 1945-1955. https://doi.org/10.29228/turkishstudies.43445

Lamptey, T., Owusu‐Manu, D., Acheampong, A., Adesi, M., & Ghansah, F. (2020). A framework for the adoption of green business models in the ghanaian construction industry. Smart and Sustainable Built Environment, 10(3), 536-553. https://doi.org/10.1108/sasbe-08-2020-0130

Liu, T., Xing, X., Song, Y., Zhu, Y., & Zhu, Y. (2022). Green organizational identity and sustainable innovation in the relationship between environmental regulation and business sustainability: evidence from china’s manufacturers. Journal of General Management, 47(4), 213-232. https://doi.org/10.1177/03063070211032586

Maheswari, U. (2024). Strategy orientation and government regulation on environmental performance: the role of green supply chain management. J. of Mgmt. & Bus. Insight, 1(2), 121-132. https://doi.org/10.12928/jombi.v1i2.669

Makhloufi, L., Laghouag, A., Meirun, T., & Bélaïd, F. (2021). Impact of green entrepreneurship orientation on environmental performance: the natural resource‐based view and environmental policy perspective. Business Strategy and the Environment, 31(1), 425-444. https://doi.org/10.1002/bse.2902

Odeyemi, O. (2023). Sustainable entrepreneurship: a review of green business practices and environmental impact. World Journal of Advanced Research and Reviews, 21(2), 346-358. https://doi.org/10.30574/wjarr.2024.21.2.0461

Prokopenko, O. (2024). Innovative models of green entrepreneurship: social impact on sustainable development of local economies. Economics Ecology Socium, 8(1), 89-111. https://doi.org/10.61954/2616-7107/2024.8.1-8

Prokopenko, O. (2024). Innovative models of green entrepreneurship: social impact on sustainable development of local economies. Economics Ecology Socium, 8(1), 89-111. https://doi.org/10.61954/2616-7107/2024.8.1-8

Rofiaty, R. (2024). Fostering business success through green practices: the role of green entrepreneurship and innovation in enhancing firm performance. International Journal of Sustainable Development and Planning, 19(3), 1081-1088. https://doi.org/10.18280/ijsdp.190326

Sadma, O. (2021). Role of environmental-based “green startup” in reducing waste problem and its implication to environmental resilience. Research Horizon, 1(3), 106-114. https://doi.org/10.54518/rh.1.3.2021.106-114

Santika, I., Wardana, I., Setiawan, P., & Widagda, I. (2022). Entrepreneurship education and green entrepreneurial intention. Linguistics and Culture Review, 6, 797-810. https://doi.org/10.21744/lingcure.v6ns1.2159

Soyombo, D. (2024). The role of policy and regulation in promoting green buildings. World Journal of Advanced Research and Reviews, 22(1), 139-150. https://doi.org/10.30574/wjarr.2024.22.1.1047

Tuncer, B. (2024). A systematic literature review and conceptual framework on green entrepreneurial orientation. Administrative Sciences, 14(6), 109. https://doi.org/10.3390/admsci14060109

Wang, C. (2019). How organizational green culture influences green performance and competitive advantage. Journal of Manufacturing Technology Management, 30(4), 666-683. https://doi.org/10.1108/jmtm-09-2018-0314

Widagdo, B. and Sa'diyah, C. (2023). Business sustainability: functions of financial behavior, technology, and knowledge. Problems and Perspectives in Management, 21(1), 120-130. https://doi.org/10.21511/ppm.21(1).2023.11

Wu, Y. (2023). The impact of executive green incentives and top management team characteristics on corporate value in china: the mediating role of environment, social and government performance. Sustainability, 15(16), 12518. https://doi.org/10.3390/su151612518

Xia, E., Ali, F., Awan, U., & Ashfaq, M. (2021). Achieving green product and process innovation through green leadership and creative engagement in manufacturing. Journal of Manufacturing Technology Management, 33(4), 656-674. https://doi.org/10.1108/jmtm-01-2021-0003

Ye, Q., Zhou, R., Anwar, M., Siddiquei, A., & Asmi, F. (2020). Entrepreneurs and environmental sustainability in the digital era: regional and institutional perspectives. International Journal of Environmental Research and Public Health, 17(4), 1355. https://doi.org/10.3390/ijerph17041355

Zabelina, E., Cruz-Cárdenas, J., Deyneka, O., Александрович, М., Guadalupe-Lanas, J., & Ramos-Galarza, C. (2023). Psychological time of green entrepreneurs: a mixed methods study of smes. International Journal of Entrepreneurial Behaviour & Research, 29(7), 1427-1452. https://doi.org/10.1108/ijebr-06-2022-0533

Downloads

Published

2024-05-30

How to Cite

Green Entrepreneurship and Environmental Sustainability: Current Trends and Future Directions. (2024). Economics Studies and Banking Journal (DEMAND), 1(5), 234-241. https://doi.org/10.62207/1j8dnv83