Do sustainability innovation and firm competitiveness help improve firm performance? Evidence from the SME sector in vietnam

Le, Thanh Tiep; Ikram, Muhammad

doi:10.1016/j.spc.2021.11.008

Cited by 97 publications

(81 citation statements)

References 43 publications

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“…When evaluating the value of SBP to small- and medium-sized businesses, we look at few key performance indicators: green marketing, green innovation, green HRM, green design and green recycling and green remanufacturing. We also look at social and environmental indicators, such as charity support and relationships with the local community (Le and Ikram 2021 ).…”

Section: Methodsmentioning

confidence: 99%

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Razzaq

Waqas

2022

Environ Sci Pollut Res

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Small-and medium-sized enterprises (SMEs) in China have been hit hard by the coronavirus (COVID-19) outbreak, which has jeopardized their going out of business altogether. As a result, this research will shed light on the long-term impacts of COVID-19 lockdown on small businesses worldwide. The information was gathered through a survey questionnaire that 313 people completed. Analyzing the model was accomplished through the use of SEM in this investigation. Management and staff at SMEs worldwide provided the study's data sources. Research shows that COVID-19 has a significantly bad influence on profitability, operational, economic, and access to finance. In the study's findings, outside funding aids have played an important role in SMEs' skill to persist and succeed through technological novelty than in their real output. SME businesses, administrations, and policymakers need to understand the implications of this study's results.

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Section: Methodsmentioning

confidence: 99%

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Razzaq

Waqas

2022

Environ Sci Pollut Res

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“…In the current globalization situation, Vietnamese manufacturers must address various problems related to stakeholders. Such as the pressure from the government to improve to meet high-quality standards, the pressure from other competitors, and the consumers' perception regarding green products that require the firms to change if they want to toward sustainability [18,21]. Further, pursuing sustainability targets requires the organizations to conduct green innovation ideas to cover the broad goals [23,37].…”

Section: Discussion and Managerial Implicationsmentioning

confidence: 99%

“…Moreover, various pressures from the stakeholders and the development demands of industries have forced manufacturers to transform to meet the ecology requirements [12,15]. Further, some authors revealed that green innovation is an excellent way that brings particular advantages for the firms on the market [4,21,49]. Aiming to develop green innovation philosophy and broaden green initiatives in the manufacturing sector, the authors have chosen the case study of Vietnam, a rapidly growing country but witnessing a lack of research on green innovation adoption.…”

Section: Discussionmentioning

confidence: 99%

“…Hence, the close correlation between green innovation and ecological protection is an urgent problem in Vietnam, which forced the government and stakeholders have required manufacturing industries to have more responsibilities to society and the environment through related certifications [18,19]. Several studies found that the organization's performance will be improved by the adopted green initiatives [19][20][21]. However, the green innovation implementation research scope is still limited to developed countries such as in Europe [10] or in the Middle East area [11,12].…”

Section: Introductionmentioning

confidence: 99%

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Assessing the Barriers of Green Innovation Implementation: Evidence from the Vietnamese Manufacturing Sector

Huang

Chen

et al. 2022

Sustainability

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Sustainability concerns are rising as an interesting topic in both academia and industry. Many scholars revealed that green innovation is an excellent solution to enable organizations to achieve various benefits, such as enhancing their reputation and competitive advantages. Thus, this is the first study in Vietnam to consider the barriers to implementing green innovation. The research aims to identify the obstacles to green innovation practices in the Vietnamese manufacturing sector. The interpretive structural modeling (ISM) approach has been conducted to provide the interactions among the green innovation implementation barriers. The authors ground this study to bridge the theoretical and practical for green innovation practices in the Vietnam situation. Based on the experts’ perspectives, they proposed that Vietnamese manufacturers must deal with thirteen essential barriers to green innovation adoption. Further, six interaction levels and the MICMAC analysis clarified cross-relationships among challenges by evaluating the driving and dependence power. Indeed, the empirical results emphasized that financial capability constraints and lack of government support are the most decisive challenges. In contrast, market competition and uncertainty concern is the easiest obstacle to address by the Vietnamese manufacturers. Therefore, this study has provided some insightful contributions for the top managers and other scholars to consider.

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“… Malek and Desai (2020) worked to reduce the literature gap of sustainability in manufacturing of corporate sector. All these researchers examined the corporate sector sustainability rather than SMEs but Le and Ikram (2021) have studied sustainability in SMEs. The purpose of this study is to fill the literature gap that exists between corporate business sustainability and SMEs sustainability.…”

Section: Theoretical Frameworkmentioning

confidence: 99%

New Schemes for Investment in of Small and Medium-Sized Enterprises of China: Role of Access to Finance, Innovation, and Sustainability

Tang

2022

Front. Psychol.

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Firm innovation relies heavily on financing, which is why it is a hot topic in the fields of finance and innovation management. Organizations can make strategic investments in production factors to develop competitive advantages because they have access to financial resources. This study investigated how financial literacy, innovativeness, and environmental sustainability influence the sustainability of small and medium-sized enterprises (SMEs). This was set as the primary objective in order to better understand the nature of the impact of financial literacy and innovation on the sustainability of SME firms. To test the hypotheses, structural equation modeling (SEM) was applied using data collected from 300 small businesses firms in China. The results revealed that financial literacy and innovativeness significantly influence small firms’ sustainability. Additionally, social inclusion significantly affects small firms’ sustainability, and sequentially has a significant effect on their performance. Research findings suggested that small businesses incorporate sustainability models into their operations and enhance financial knowledge in order to maintain sustainability.

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Do sustainability innovation and firm competitiveness help improve firm performance? Evidence from the SME sector in vietnam

Cited by 97 publications

References 43 publications

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

RETRACTED ARTICLE: The impact of COVID-19 on small- and medium-sized enterprises (SMEs): empirical evidence for green economic implications

Assessing the Barriers of Green Innovation Implementation: Evidence from the Vietnamese Manufacturing Sector

New Schemes for Investment in of Small and Medium-Sized Enterprises of China: Role of Access to Finance, Innovation, and Sustainability

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