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Accentuating the interconnection between business sustainability and organizational performance in the context of the circular economy: The moderating role of organizational competitiveness

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  • Muddassar Sarfraz
  • Larisa Ivascu
  • Radian Belu
  • Alin Artene

Abstract

Sustainability development has gained significant importance in the modern business environment. The primary objective is to conduct an explanatory and quantitative study of the impacts of the social, economic, and environmental dimensions on organizational performance, considering the moderating role of organizational competitiveness. Data were collected from Chinese, Italian, and Romanian small and medium enterprises (SMEs). The questionnaires were distributed by applying simple random sampling techniques. The study sample size consists of 320 SME employees. Hierarchical regression was used to investigate the moderating impacts of organizational competitiveness on the relationships of the social, economic, and environmental dimensions and organizational performance. The regression analysis shows a positive relationship between the study variables. Small and medium‐sized enterprises are focusing more on sustainable business practices.

Suggested Citation

  • Muddassar Sarfraz & Larisa Ivascu & Radian Belu & Alin Artene, 2021. "Accentuating the interconnection between business sustainability and organizational performance in the context of the circular economy: The moderating role of organizational competitiveness," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 2108-2118, May.
    • Handle: RePEc:bla:bstrat:v:30:y:2021:i:4:p:2108-2118
    DOI: 10.1002/bse.2735
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    1. Syed Abdul Rehman Khan & Muhammad Umar & Alam Asadov & Muhammad Tanveer & Zhang Yu, 2022. "Technological Revolution and Circular Economy Practices: A Mechanism of Green Economy," Sustainability, MDPI, vol. 14(8), pages 1-14, April.
    2. Eva Hageman & Vikas Kumar & Linh Duong & Archana Kumari & Eileen McAuliffe, 2024. "Do fast fashion sustainable business strategies influence attitude, awareness and behaviours of female consumers?," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1081-1098, February.
    3. César A. Bernal-Torres & Luz Elba Torres-Guevara & Juan C. Aldana-Bernal & Yoni Wildor Nicolás-Rojas & Tamara Tatiana Pando-Ezcurra, 2023. "The Moderating Role of Innovation in the Relationship Between Business Sustainability and Organizational Performance in Companies of an Emerging Economy," SAGE Open, , vol. 13(4), pages 21582440231, December.
    4. Mohsin Raza & Rimsha Khalid & Larisa Ivascu & Jati Kasuma, 2023. "Education Beats at the Heart of the Sustainability in Thailand: The Role of Institutional Awareness, Image, Experience, and Student Volunteer Behavior," Sustainability, MDPI, vol. 15(2), pages 1-16, January.
    5. Jinghua Liu & Muhammad Umer Quddoos & Muhammad Hanif Akhtar & Muhammad Sajid Amin & Muhammad Tariq & Arij Lamar, 2022. "Digital technologies and circular economy in supply chain management: in the era of COVID-19 pandemic," Operations Management Research, Springer, vol. 15(1), pages 326-341, June.
    6. Minna Saunila & Juhani Ukko & Jorma Kinnunen, 2024. "Sustainability partnership as a moderator in the relationship between business sustainability and firm competitiveness," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 123-133, February.
    7. Sarfraz, Muddassar & Iqbal, Kashif & Wang, Yichu & Bhutta, Muhammad Shoaib & Jaffri, Zain ul Abidin, 2023. "Role of agricultural resource sector in environmental emissions and its explicit relationship with sustainable development: Evidence from agri-food system in China," Resources Policy, Elsevier, vol. 80(C).

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