The use and drivers of organisational eco-innovation in European SMEs

Research in International Business and Finance, Journal Year: 2024, Volume and Issue: 70, P. 102297 - 102297

Published: March 6, 2024

European SMEs are key contributors to economic growth and contamination. Driving eco-innovation (EI) within is crucial for achieving SDG goals, such as clean energy, growth, Industry & Innovation. This study examines the relationship between organisational innovation among in Europe differentiates determinants large enterprises. We employ binary logistic regression models with maximum likelihood applied Eurostat's CIS database categorised by company size. analyse 8.094 companies spanning nine countries, focusing on environmental activities type. Innovation work responsibility decision-making most conducive form of EI, a significant effect observed higher than corporations. There clear differences drivers EI versus enterprises, revealing that some cited regulations or energy costs, not relevant SMEs.

Language: Английский

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Exploring the link between sustainable performance and credit access: the moderating role of intellectual capital

Journal of Intellectual Capital, Journal Year: 2025, Volume and Issue: unknown

Published: Jan. 8, 2025

Purpose This paper aims to analyze the role of intellectual capital in underexplored relationship between sustainable performance and credit access among private firms Italy, where over 90% businesses are small medium enterprises. While D’Apolito et al . (2024) have investigated sustainability-linked bank financing Italian listed medium-sized enterprises, this study takes a different approach by focusing on examining influence environmental, social governance criteria their access. The research seeks deepen understanding how practices impact financial outcomes funding for Design/methodology/approach To investigate as well moderating capital, employs an ordinary least squares regression model. It utilizes innovative measure – legality rating issued Competition Authority 2022 drawing prior establish robust analytical framework. Findings findings highlight importance incorporating into evaluation process firms. They underscore critical comprising human structural relational factor Originality/value best our knowledge, is first examine substantial exists large firms, there remains notable gap concerning sustainability unlisted entities. addresses providing insights unique dynamics context

Language: Английский

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The Impact of Environmental Regulation on the Growth of Small and Micro Enterprises: Insights from China

Sustainability, Journal Year: 2025, Volume and Issue: 17(5), P. 2118 - 2118

Published: Feb. 28, 2025

Small and micro enterprises (SMEs) make important contributions to economic development, innovation, employment in every country. The increasingly strict environmental regulations have become a global trend, but the empirical literature that evaluates impacts of on SMEs’ growth based their observational data is extremely rare. This study aims investigate how city-level China affect growth, with focus identifying lag effects, heterogeneous across regions/enterprise types, mediating roles technological innovation policy support, using unbalanced panel from 2007 2016. Using dynamic model entropy-weighted assessment, results show following: (1) Stricter significantly impede this effect persisting for up two years. Robustness tests confirm stability these findings. (2) Despite overall negative impact, our analysis reveals can stimulate by promoting increasing support. (3) Heterogeneity shows regulatory effects vary region, ownership structure, tax status, most adverse observed private firms, small-scale taxpayers, businesses outside Yangtze River Economic Belt. These findings highlight need differentiated approaches balance objectives growth. limited its 2016, not considering recent shifts, may generalizability economies decentralized governance.

Language: Английский

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Determinants of Formal and Informal Credit Access for SMEs and Startups in the Mekong Delta, Vietnam

Springer proceedings in business and economics, Journal Year: 2025, Volume and Issue: unknown, P. 713 - 729

Published: Jan. 1, 2025

Language: Английский

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ESG Disclosure and Access to Credit: A Configurational Analysis of European Listed Firms

Business Strategy and the Environment, Journal Year: 2025, Volume and Issue: unknown

Published: March 31, 2025

ABSTRACT This study investigates how various ESG disclosure configurations affect credit access for European firms listed on the STOXX Europe 600 Index during 2021–2022. Employing fuzzy‐set qualitative comparative analysis and disclosures standardised under Global Reporting Initiative (GRI), findings demonstrate that patterns associated with enhanced vary between short‐ long‐term financing. Notably, climate change‐related consistently improves across financing types. The emphasises significance of aligning objectives provides practical insights firms, lenders policymakers. Firms can strategically concentrate best support their requirements, whereas gain from frameworks like GRI more dependable evaluations. Policymakers, in turn, leverage role markets to promote sustainability transitions.

Language: Английский

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Risikoorientierte Management Control Systems im Beschaffungsmanagement von kleinen und mittelständischen Unternehmen

Springer eBooks, Journal Year: 2025, Volume and Issue: unknown, P. 73 - 95

Published: Jan. 1, 2025

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Preferences for ethical intermediaries and sustainable investment decisions in micro-firms: The role of financial literacy and digital financial capability

Research in International Business and Finance, Journal Year: 2024, Volume and Issue: 71, P. 102483 - 102483

Published: July 11, 2024

This study analyses the effects of financial literacy and digital capabilities in shaping entrepreneurs' preferences for ethical intermediaries sustainable investment decisions. Exploiting novel survey data on Italian micro-enterprises, we find that more financially literate business owners have higher with a strong stance, are likely to make investments inspired by environmental social criteria awareness products. Moreover, competencies found play significant role enhancing Finally, show beneficial effect is mostly direct, while indirect operating through abilities, despite being statistically significant, impacts firms' financing investing decisions only lower extent.

Language: Английский

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ESG Practices and the Cost of Debt: Evidence from Italian SMEs

International Journal of Academic Research in Accounting Finance and Management Sciences, Journal Year: 2024, Volume and Issue: 14(3)

Published: July 21, 2024

This study investigates whether lending institutions in Italy reward firms for their environmental, social, and governance (ESG) performance disclosure by lowering cost of debt capital. Especially after the Covid 19 pandemic, investors as well other stakeholders increasingly demand both nonfinancial reports standard financial statements. So,the integration environmental ethical criteria into evaluation a corporation is theme widely accepted socially responsible stakeholders.In hands, banking system has started to incorporate social indicators decision-making process. Our paper finds value ESG performance, integrating sustainability factors making-decision In this sense, we show evidence that organizations with stronger level have better credit conditions, through lower debt.

Language: Английский

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Does It Pay Off to Integrate ESG Performance into Bank Investment Portfolio Selection? Empirical Evidence in the European Energy Sector

Sustainability, Journal Year: 2024, Volume and Issue: 16(23), P. 10766 - 10766

Published: Dec. 9, 2024

There is a growing awareness of the need to integrate non-financial information arising from environmental, social, and governance (ESG) factors into corporate strategies, processes, credit risk assessment generate long-term value. Our paper aims develop, through Data Envelopment Analysis (DEA)-based approach, tool that could be used by banks in constructing an efficient sustainable investment portfolio, able maximize banks’ probability contemporaneously minimizing inefficiency. This study was carried out on sample publicly traded energy companies Europe, with sector being highly environmentally sensitive. portfolio selection model proves valuable for building because it leads, within budget constraint, selecting both most absolute terms those which ESG scores significantly improve financial efficiency. Additionally, our results show ratings at high or low levels do not affect overall company efficiency, but middle level, they increase it. Findings contribute (and provide suggestions) policymakers, managers, academics.

Language: Английский

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Preferences for Ethical Intermediaries and Sustainable Investment Decisions in Micro-firms: the Role of Financial Literacy and Digital Financial Competencies

SSRN Electronic Journal, Journal Year: 2024, Volume and Issue: unknown

Published: Jan. 1, 2024

This study analyses the effects of financial literacy and digital capabilities in shaping business owners' preferences for ethical intermediaries sustainable investment decisions Italy. Exploiting new microdata from Bank Italy's "Financial digitalization small businesses Italy", we use binary choice models, extended to account potential endogeneity issues, investigate causal effect competencies activities related products services on firms' attitudes towards finance. Empirical results suggest that more financially literate owners have higher with a strong stance, are likely make investments inspired by environmental social criteria awareness products. Digital also play significant role enhancing decisions. Disaggregating into its three components, find high knowledge, sound behaviour, planning associated greater preference responsible likelihood making choices. Finally, assess whether is mediated impact capabilities. The evidence obtained suggests beneficial mostly direct, while indirect operating through abilities, despite being statistically significant, affects only lower extent.

Language: Английский

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