Role of the knowledge-based resources in promoting sustainability in small and medium enterprises (SMEs) is currently a topic of debate. Financial literacy has been identified as a vital knowledge resource for financial decision making, but insufficient attention has been given to how SMEs’ financial literacy affects their sustainability. Drawing upon a knowledge-based perspective, peaking order theory and dual process theory, we constructed an integrated model to examine the impact of financial literacy, access to finance and financial risk attitude on SMEs’ sustainability. The sample included 291 chief financial officers (CFOs) of SMEs in Sri Lanka. The output of structural equation modelling revealed direct positive effects of financial literacy, access to finance and financial risk attitude on sustainability. Financial literacy also emerged as a predictor of access to finance and financial risk attitude. Moreover, access to finance and financial risk attitude were found to be partial mediators of the relationship between financial literacy and SMEs’ sustainability. Theoretical implications and practical implications for policymakers, industry practitioners and academics interested in promoting sustainability amongst SMEs are discussed.
Emerging economies endeavor to achieve a green economy by realizing their potential for sustainable commercial success. Due to natural resource restrictions, businesses must concentrate on green investment, financing, and resources to promote sustainable company performance. To better understand how to implement corporate social responsibility (CSR) and sustainable company performance, this study looks at the effect of green financing and investment. The study used quantitative research techniques through primary and secondary data sources from Indonesia’s 238 sampled international chemical companies. Additionally, a standardized questionnaire was employed in this study to gather data. The study used Smart-PLS and a structural equation model (SEM) to examine the data gathered and determine the relationship between green investment, green financing, CSR, and sustainable business performance. The study shows that green investments and financing significantly and favorably affect CSR and sustainable performance. Additionally, it was found that CSR significantly mediates green investment and green financing with sustainable business performance relationships. This work added to the body of literature and emphasized the significance of each construct. The study’s conclusions also suggested that highly polluting chemical businesses should incorporate green financing, investment, and CSR to improve sustainable economic performance.
30 March 2015 in Risus - Journal on Innovation and Sustainability
Mexico and China established diplomatic relations in 1972 and since the 1990s, Mexicoand China have both made progresses in their foreign trade. Expansion of their trade volumesand overseas markets, the overlapping parts of their exporting products and markets have beenbeing enlarged. This paper analyses the trade relationship between Mexico and China in thecontext of the economic openness enacted by both nations, also analyses the current traderelations between Mexico and China, presenting similarities and logical relation along with theresults of their commercial policies and specific business practices.
16 August 2019 in Risus - Journal on Innovation and Sustainability
The ultimate purpose of Corporate Environmental Responsibility (CER) is to prevent harmful influence of business activities on the environment. Each company should be obligated to adhere to it since environmental pollution is a serious threat for the future of mankind. Based on this urgent need, ecological innovation appeared. It purports to make a transition from a harmful business to a more accountable one. Hence, the contribution aims at studying how different, most developing countries, have been approaching and practicing CER to propose a more practical and general framework strategy with a qualitative methodology encompassing common accepted steps to drive improvements in the efficiency of CER and Eco-Innovation. Such a framework focuses on innovation as a key to business success aligned with CER and it is based on previous eco-based innovations in such a context. Necessary data will be collected by a survey questionnaire about several case studies.
2 February 2023 in Advances in Economics and Management Research
This study aims to analyze the mechanism of corporate responsibility for financial performance in the basic and chemical industries in Indonesia from 2016 to 2020. Independent variable of corporate social responsibility; the dependent variable is financial performance with 3 variables namely net profit margin, return on assets and return on equity. for this study the authors also add mediating variables and control variables, there are 2 mediating variables namely economic development and industrial competition, regarding control variables namely Sales Sales, Earnings Per Share and the last is Earnings Before Interest and Taxes. This study took data on basic and chemical industry companies that had carried out corporate social responsibility on the Indonesia Stock Exchange from 2016 to 2020. The selection of research samples was based on a purposive sampling method. The population used in this study is all sectors of basic industry and chemicals listed on the Indonesia Stock Exchange (Indonesia Stock Exchange or IDX), with a total of 75 companies. Through empirical analysis, we can understand that Corporate Social Responsibility can have a positive impact on financial performance, and we can also understand that GDP and market share have a significant role in driving Corporate Social Responsibility on financial performance. The effect of Corporate Social Responsibility mediation on financial performance is more significant. Finally, Operating Income, Earnings Per Share, and Sales Revenue are not significant enough as control variables for financial performance.
1 October 2019 in Tehnicki vjesnik - Technical Gazette
Against the backdrop of innovation fault-tolerance, government compensation for failed generic technological innovation projects is beneficial to stimulate re-innovation behaviour. However, considering the information asymmetry, a...