Green entrepreneurship in challenging times: a quantitative approach for European countries

Gender equality and social inclusion (GESI) and institutions as key drivers of green entrepreneurship

“…To help overcome the gaps, an appropriate short and long-term alternative was provided by this present report, including green entrepreneurship. These results were in line with some previous reviews, where the entrepreneurial strategy was confirmed as a win-win situation in a profitable business (Vasilescu et al, 2022;Saari & Salo, 2019). Based on the integration of different variables into this entrepreneurship strategy, subsequent exploratory analysis showed that the relationship between GE, SI, and CI positively and significantly encouraged the achievement of the SDG's goals.…”

“…Green entrepreneurship is a new concept increasingly evaluated due to its relation to the organic economy and global climate change. In this concept, climate change, environmental degradation, and financial constraints are the main economic challenges in achieving sustainable development goals (Vasilescu et al, 2022). This shows that the impacts of the climatic change need to be understood for long-term prosperity, using new policies that respect the environment, green entrepreneurship and growth, eco-labelling, and institutional perspectives (Capozza & Samson, 2019;Ye et al, 2020;Vasilescu, 2022).…”

“…In this concept, climate change, environmental degradation, and financial constraints are the main economic challenges in achieving sustainable development goals (Vasilescu et al, 2022). This shows that the impacts of the climatic change need to be understood for long-term prosperity, using new policies that respect the environment, green entrepreneurship and growth, eco-labelling, and institutional perspectives (Capozza & Samson, 2019;Ye et al, 2020;Vasilescu, 2022). Green growth is considered capable of promoting economic development while ensuring that natural assets still provide resources and environmental regulations, which supports shared prosperity.…”

“…However, green entrepreneurship is embedded in an institutional environment, which is likely to prevent the adoption of sustainable development due to the "EAP (embedded agency paradox)" (Zhao et al, 2021). The green economy model is also unable to be applied (Batrancea et al, 2022), with the present entrepreneurship activities continuously encountering various challenges (Vasilescu, 2022). This explains that awareness and new theories are systematic and holistic in subsequently ensuring a new approach more integrated with economic, social, and environmentally friendly issues, through the role of GESI in contemporary global business.…”

“…As part of a green environment, the main objective of green entrepreneurship activities emphasizes the mitigation of negative impacts and supports the achievement of the SDGs. Irrespective of these merits, the present entrepreneurial activities still encountered various challenges (Vasilescu, 2022). The green economy model is also unable to be directly applied because of the development gap (Batrancea et al, 2022).…”