Fostering perceived wealth among SMEs through green business: unveiling the mediating influence of consumers' green attitude

Mittal, Amit; Raheja, Kumendra; Raut, Rajesh; Deshpande, Amruta

doi:10.1108/meq-06-2023-0167

Cited by 2 publications

(1 citation statement)

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“…The results of the analysis were concerned with the interactions between lean production, internal ecological practices, innovations, and sustainable production indicators. Another example is an article by (Mittal et al, 2023), which determines the impact of green business on the perception of SMEs' wealth. The results of these analyses showed that elements such as process, measurement, communication, and capacity building have an impact on the assessment of the wealth of SMEs and their ecological approach.…”

Section: Introductionmentioning

confidence: 99%

Untitled

2024

SPSUTOM

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The originality of the conducted research lies in a holistic approach to analysing entrepreneurs' satisfaction, identifying statistical relationships between satisfaction and diverse economic behaviours, and exploring the role of emotions in making business decisions. This collectively provides a new perspective on the behavioral finance of businesses. Literature reviewEmotions play a significant role in the process of making business decisions. Despite the common tendency to focus on data and facts analysis, it is emotions, both conscious and hidden, that influence the shaping of strategies, the selection of business partners, and the willingness to take risks. Entrepreneurs, considering their personal emotions, introduce a subjective element into the decision-making process, which can lead to both successes and failures.The origin of the word "emotion" derives from the Latin verb "motere," meaning "to move".However, to fully understand the meaning of this term, it is worth noting the prefix "e-", suggesting something more than just movement or stirringit may indicate an additional, extended, or surpassing basic activity. This prefix indicates that emotions have a tendency to act or react (Goleman, 1997, p. 27). Emotions are not only associated with experiencing specific mental states but also with a tendency to evoke particular behaviors or reactions. They are deeply embedded within a person and often guide their actions and influence the decisions made.According to D. Goleman, emotions can be defined as a complex blend of feelings and thoughts that are associated with specific psychological states and biological reactions of the organism. These emotional states, along with predispositions to action, constitute an integral part of the human heritage passed down to us by evolution (Goleman, 1997, p. 442). D. Goleman asserts that emotions essentially serve as stimuli shaping an individual's readiness for action. These are rapid life-saving or life-sustaining plans embedded in our psyche by evolutionary history. Emotional reactions triggered by various situations, such as fear, joy, anger, or sadness, not only influence human thoughts and feelings but also activate instincts and prepare individuals to take appropriate actions at the given moment. Therefore, comprehending emotions is crucial for a better understanding of human behaviour and responses in various life situations.Another renowned psychologist, R. Lazarus, proposes a more intricate approach to emotions. He contends that emotions result from an individual's appraisal of a situation, rather than being merely reactions to specific stimuli. According to his theory, emotions are more

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Section: Introductionmentioning

confidence: 99%

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2024

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The Impact of Economic Growth on the Ecological Environment and Renewable Energy Production: Evidence from Azerbaijan and Hungary

Humbatova,

Hajiyeva,

Fodor

et al. 2024

JRFM

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This article reflects on the necessity of employing renewable energy sources in the modern era to mitigate the negative environmental impact caused by traditional energy sources and address environmental pollution. Through research conducted in Azerbaijan and Hungary, it analyses the influence of economic growth on the ecological environment and renewable energy production. Due to limitations in the general dataset, the study considers the period of 1997–2022 for CO2 emissions causing environmental pollution, 2007–2022 for renewable energy production in Azerbaijan, and 2000–2021 for the same in Hungary. Information regarding wind and solar energy in Azerbaijan has been available since 2013. Temporal sequences have been utilised in the research, employing Augmented Dickey–Fuller and Phillips–Perron (PP) unit root tests to examine the stationarity of the time series. An Autoregressive Distributed Lag (ARDL) model has been constructed, and the credibility of the model has been verified using Fully Modified Ordinary Least Squares (FMOLS), Dynamic Ordinary Least Squares (DOLS), and Canonical Cointegrating Regression (CCR) models. The findings reveal that in Azerbaijan, the long-term impact of economic growth on hydro-energy has been negative, while dependence on biomass and waste has been insignificant but positive. The influence on wind and solar energy production has also been negative and insignificant, akin to hydro-energy production. However, energy supply from renewable sources has been positively affected by the aggregate indicator of economic growth, albeit insignificantly. The impact of economic growth on carbon dioxide has been significant in two magnitudes, whereas in other cases, it has been insignificant but positive. In Hungary, economic growth has positively affected renewable energy production. However, the impact on carbon dioxide has been negative, meaning that this indicator has decreased as economic growth has increased. The study concludes that the impact of economic growth on indicators of both countries has been more effective in Hungary, which can be attributed to economic development.

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Fostering perceived wealth among SMEs through green business: unveiling the mediating influence of consumers' green attitude

Cited by 2 publications

References 50 publications

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The Impact of Economic Growth on the Ecological Environment and Renewable Energy Production: Evidence from Azerbaijan and Hungary

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