IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v10y2018i7p2308-d156117.html
   My bibliography  Save this article

The Effect of Emerging Green Market on Green Entrepreneurship and Sustainable Development in Knowledge-Based Companies

Author

Listed:
  • Maryam Lotfi

    (Cardiff Business School, Cardiff University, Cardiff CF10 1EU, UK)

  • Akram Yousefi

    (Faculty of Management and Economics, Science and Research Branch, Islamic Azad University, Tehran 1477893855, Iran)

  • Soheil Jafari

    (Centre for Propulsion Engineering, School of Aerospace, Transport and Manufacturing (SATM), Cranfield University, Cranfield MK43 0AL, UK)

Abstract

Environmental concerns, as well as consumers’ awareness of buying green or environmentally-friendly products, has a positive impact on the emergence of the green market. The emerging green market brings many opportunities in different fields. Today, the issue of green entrepreneurship and sustainable development aim at producing environmentally-friendly products. This is indeed welcomed in the emerging green market. The publicly available research studies that investigate how green entrepreneurship, sustainable development, and emerging green markets are interconnected with each other are limited. More specifically, the impact of the green market on green entrepreneurship and sustainable development has not yet been studied completely. Therefore, a comprehensive research model has been developed in this paper based on the literature. The developed model is then tested using IBM SPSS Statistics for Windows, Version 19. IBM Corp.: Armonk, NY, USA and Smart-PLS Version 2 based on the data collected via a survey from a sample of knowledge-based companies in the Science & Technology Park of Tehran University. The results of the research indicate a positive and significant effect of the emergence of the green market on green entrepreneurship and sustainable development in knowledge-based companies. Moreover, the impact of the green entrepreneurship structure on sustainable development has been studied and the result presents that green entrepreneurship has a positive and significant effect on sustainable development.

Suggested Citation

  • Maryam Lotfi & Akram Yousefi & Soheil Jafari, 2018. "The Effect of Emerging Green Market on Green Entrepreneurship and Sustainable Development in Knowledge-Based Companies," Sustainability, MDPI, vol. 10(7), pages 1-18, July.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:7:p:2308-:d:156117
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/10/7/2308/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/10/7/2308/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Johanna Gast & Katherine Gundolf & Beate Cesinger, 2017. "Doing business in a green way: A systematic review of the ecological sustainability entrepreneurship literature and future research directions," Post-Print hal-02008555, HAL.
    2. Hall, Jeremy K. & Daneke, Gregory A. & Lenox, Michael J., 2010. "Sustainable development and entrepreneurship: Past contributions and future directions," Journal of Business Venturing, Elsevier, vol. 25(5), pages 439-448, September.
    3. York, Jeffrey G. & Venkataraman, S., 2010. "The entrepreneur-environment nexus: Uncertainty, innovation, and allocation," Journal of Business Venturing, Elsevier, vol. 25(5), pages 449-463, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fang-Yi Lo & Kun-Huang Huarng & Andrea Rey-Martí, 2019. "Entrepreneur subsidiary of business groups from emerging markets: a multi-level perspective," International Entrepreneurship and Management Journal, Springer, vol. 15(2), pages 471-483, June.
    2. Jean C. Kouam & Simplice A. Asongu, 2022. "Effects of Taxation on Social Innovation and Implications for Achieving Sustainable Development Goals in Developing Countries: A Literature Review," Working Papers of the African Governance and Development Institute. 22/046, African Governance and Development Institute..
    3. Wafa Alwakid & Sebastian Aparicio & David Urbano, 2020. "Cultural Antecedents of Green Entrepreneurship in Saudi Arabia: An Institutional Approach," Sustainability, MDPI, vol. 12(9), pages 1-20, May.
    4. Mirjana Radović-Marković & Branko Živanović, 2019. "Fostering Green Entrepreneurship and Women’s Empowerment through Education and Banks’ Investments in Tourism: Evidence from Serbia," Sustainability, MDPI, vol. 11(23), pages 1-16, December.
    5. Pervin Ersoy & Gülmüş Börühan & Sachin Kumar Mangla & Jorge Hernandez Hormazabal & Yigit Kazancoglu & Çisem Lafcı, 2022. "Impact of information technology and knowledge sharing on circular food supply chains for green business growth," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 1875-1904, July.
    6. Gaofeng Yi, 2021. "From green entrepreneurial intentions to green entrepreneurial behaviors: the role of university entrepreneurial support and external institutional support," International Entrepreneurship and Management Journal, Springer, vol. 17(2), pages 963-979, June.
    7. Jean C. Kouam & Simplice A. Asongu & Bin J. Meh & Robert Nantchouang & Fri L. Asanga & Denis Foretia, 2024. "Duration of Support and Financial Health of Business Support Structures in Burkina Faso, Cameroon, and Ghana: A Micro-Econometric Analysis," Journal of African Business, Taylor & Francis Journals, vol. 25(4), pages 728-746, October.
    8. Matthias Filser & Sascha Kraus & Norat Roig-Tierno & Norbert Kailer & Ulrike Fischer, 2019. "Entrepreneurship as Catalyst for Sustainable Development: Opening the Black Box," Sustainability, MDPI, vol. 11(16), pages 1-18, August.
    9. Lars Speckemeier & Dimitrios Tsivrikos, 2022. "Green Entrepreneurship: Should Legislators Invest in the Formation of Sustainable Hubs?," Sustainability, MDPI, vol. 14(12), pages 1-26, June.
    10. Wafa Alwakid & Sebastian Aparicio & David Urbano, 2021. "The Influence of Green Entrepreneurship on Sustainable Development in Saudi Arabia: The Role of Formal Institutions," IJERPH, MDPI, vol. 18(10), pages 1-23, May.
    11. Ingrid R. Epezagne Assamala & Wenyuan Li & Sheikh Farhan Ashraf & Nausheen Syed & He Di & Mehrab Nazir, 2022. "Mediation-Moderation Model: An Empirical Examination of Sustainable Women Entrepreneurial Performance towards Agricultural SMEs in Ivory Coast," Sustainability, MDPI, vol. 14(10), pages 1-21, May.
    12. Umair Waqas & Sonia Umair & Beata Mrugalska & Ibrahim Rashid Shamsi & IIya Bystrov, 2024. "Mediating role of green talent management between green strategic orientation and sustainable supply chain performance among SMEs of Oman," Annals of Operations Research, Springer, vol. 340(2), pages 1063-1089, September.
    13. Anna Misztal & Magdalena Kowalska, 2024. "Factors of green entrepreneurship in selected emerging markets in the European Union," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(11), pages 28269-28292, November.
    14. Hsi-Hsun Yang & Yi-Tzu Lin, 2022. "How Knowledge Sharing and Cohesion Become Keys to a Successful Graduation Project for Students from Design College," SAGE Open, , vol. 12(3), pages 21582440221, September.
    15. Ali Saleh Alshebami & Abdullah Hamoud Ali Seraj & Ibrahim A. Elshaer & Abdullah Sultan Al Shammre & Salem Handhal Al Marri & Abdalwali Lutfi & Mostafa Aboulnour Salem & Ashraf Mahrous Nour Zaher, 2023. "Improving Social Performance through Innovative Small Green Businesses: Knowledge Sharing and Green Entrepreneurial Intention as Antecedents," Sustainability, MDPI, vol. 15(10), pages 1-18, May.
    16. Maryam Soleimani & Elahe Mollaei & Mojgan Hamidi Beinabaj & Aidin Salamzadeh, 2023. "Evaluating the Enablers of Green Entrepreneurship in Circular Economy: Organizational Enablers in Focus," Sustainability, MDPI, vol. 15(14), pages 1-22, July.
    17. Adel Ghodbane & Abdullah Alwehabie, 2023. "Academic Entrepreneurial Support, Social Capital, and Green Entrepreneurial Intention: Does Psychological Capital Matter for Young Saudi Graduates?," Sustainability, MDPI, vol. 15(15), pages 1-21, August.
    18. Cristian Negruțiu, 2022. "Digital Transformation And Sustainable Entreprenuership In Food Supply Chain," Business Excellence and Management, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 12(5), pages 46-54, October.
    19. Irfan Hameed & Umer Zaman & Idrees Waris & Owais Shafique, 2021. "A Serial-Mediation Model to Link Entrepreneurship Education and Green Entrepreneurial Behavior: Application of Resource-Based View and Flow Theory," IJERPH, MDPI, vol. 18(2), pages 1-19, January.
    20. Aleem Ahmad Qader & Jingwei Zhang & Sheikh Farhan Ashraf & Nausheen Syed & Khaoula Omhand & Mehrab Nazir, 2022. "Capabilities and Opportunities: Linking Knowledge Management Practices of Textile-Based SMEs on Sustainable Entrepreneurship and Organizational Performance in China," Sustainability, MDPI, vol. 14(4), pages 1-26, February.
    21. Mihaela Kardos & Manuela Rozalia Gabor & Nicoleta Cristache, 2019. "Green Marketing’s Roles in Sustainability and Ecopreneurship. Case Study: Green Packaging’s Impact on Romanian Young Consumers’ Environmental Responsibility," Sustainability, MDPI, vol. 11(3), pages 1-12, February.
    22. Joseph Amankwah & Harun Sesen, 2021. "On the Relation between Green Entrepreneurship Intention and Behavior," Sustainability, MDPI, vol. 13(13), pages 1-16, July.
    23. Qing Ye & Rongting Zhou & Muhammad Azfar Anwar & Ahmad Nabeel Siddiquei & Fahad Asmi, 2020. "Entrepreneurs and Environmental Sustainability in the Digital Era: Regional and Institutional Perspectives," IJERPH, MDPI, vol. 17(4), pages 1-21, February.
    24. Sidney Mangenda Tshiaba & Nianxin Wang & Sheikh Farhan Ashraf & Mehrab Nazir & Nausheen Syed, 2021. "Measuring the Sustainable Entrepreneurial Performance of Textile-Based Small–Medium Enterprises: A Mediation–Moderation Model," Sustainability, MDPI, vol. 13(19), pages 1-19, October.
    25. Cristian Negrutiu & Cristinel Vasiliu & Calcedonia Enache, 2020. "Sustainable Entrepreneurship in the Transport and Retail Supply Chain Sector," JRFM, MDPI, vol. 13(11), pages 1-12, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Régis Y. Chenavaz & Alexandra Couston & Stéphanie Heichelbech & Isabelle Pignatel & Stanko Dimitrov, 2023. "Corporate Social Responsibility and Entrepreneurial Ventures: A Conceptual Framework and Research Agenda," Sustainability, MDPI, vol. 15(11), pages 1-30, May.
    2. Aikaterini Argyrou & Nicolas Chevrollier & Andre Nijhof, 2023. "The versatile role of sustainable market entrepreneurs in market transformation: An intervention framework for institutional change," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 259-273, January.
    3. Ana Venâncio & Inês Pinto, 2020. "Type of Entrepreneurial Activity and Sustainable Development Goals," Sustainability, MDPI, vol. 12(22), pages 1-25, November.
    4. Ioana-Simona Ivasciuc & Ana Ispas, 2023. "Exploring the Motivations, Abilities and Opportunities of Young Entrepreneurs to Engage in Sustainable Tourism Business in the Mountain Area," Sustainability, MDPI, vol. 15(3), pages 1-28, January.
    5. Sascha Kraus & Janina Burtscher & Christine Vallaster & Martin Angerer, 2018. "Sustainable Entrepreneurship Orientation: A Reflection on Status-Quo Research on Factors Facilitating Responsible Managerial Practices," Sustainability, MDPI, vol. 10(2), pages 1-21, February.
    6. David Hirschfeld & Marcus Wagner, 2022. "The Interplay of Attitudes, Norms and Control in Sustainable Entrepreneurship: An Experimental Analysis," Sustainability, MDPI, vol. 14(15), pages 1-22, July.
    7. Paul Sarango-Lalangui & Jane Lucia S. Santos & Esther Hormiga, 2018. "The Development of Sustainable Entrepreneurship Research Field," Sustainability, MDPI, vol. 10(6), pages 1-19, June.
    8. Trin Thananusak, 2019. "Science Mapping of the Knowledge Base on Sustainable Entrepreneurship, 1996–2019," Sustainability, MDPI, vol. 11(13), pages 1-20, June.
    9. Engel, Yuval & Ramesh, Anusha & Steiner, Nick, 2020. "Powered by compassion: The effect of loving-kindness meditation on entrepreneurs' sustainable decision-making," Journal of Business Venturing, Elsevier, vol. 35(6).
    10. Eduard-Gabriel Ceptureanu & Sebastian-Ion Ceptureanu & Mihai Cristian Orzan & Ovidiu Niculae Bordean & Violeta Radulescu, 2017. "Empirical Study on Sustainable Opportunities Recognition. A Polyvinyl Chloride (PVC) Joinery Industry Analysis Using Augmented Sustainable Development Process Model," Sustainability, MDPI, vol. 9(10), pages 1-36, September.
    11. Muñoz, Pablo & Cohen, Boyd, 2017. "Towards a social-ecological understanding of sustainable venturing," Journal of Business Venturing Insights, Elsevier, vol. 7(C), pages 1-8.
    12. Ferreira, Joao J. & Fernandes, Cristina I. & Veiga, Pedro Mota & Caputo, Andrea, 2022. "The interactions of entrepreneurial attitudes, abilities and aspirations in the (twin) environmental and digital transitions? A dynamic panel data approach," Technology in Society, Elsevier, vol. 71(C).
    13. Iftikhar Hussain & Mehrab Nazir & Saadia Bano Hashmi & Assunta Di Vaio & Imrab Shaheen & Muhammad Arfaq Waseem & Adeel Arshad, 2021. "Green and Sustainable Entrepreneurial Intentions: A Mediation-Moderation Perspective," Sustainability, MDPI, vol. 13(15), pages 1-13, August.
    14. Marc Dressler, 2023. "Generic strategic profiling of entrepreneurial SMEs – environmentalism as hygiene factor," International Entrepreneurship and Management Journal, Springer, vol. 19(1), pages 121-150, March.
    15. Omri, Anis, 2018. "Entrepreneurship, sectoral outputs and environmental improvement: International evidence," Technological Forecasting and Social Change, Elsevier, vol. 128(C), pages 46-55.
    16. Joacim Rosenlund, 2021. "The Environmental Concerns of Food Ecopreneurs," Sustainability, MDPI, vol. 13(11), pages 1-7, May.
    17. Mónica Ramos-Mejía & Alejandro Balanzo, 2018. "What It Takes to Lead Sustainability Transitions from the Bottom-Up: Strategic Interactions of Grassroots Ecopreneurs," Sustainability, MDPI, vol. 10(7), pages 1-20, July.
    18. Heshmati, Almas, 2015. "A Review of the Circular Economy and its Implementation," IZA Discussion Papers 9611, Institute of Labor Economics (IZA).
    19. Denise Fischer & Malte Brettel & René Mauer, 2020. "The Three Dimensions of Sustainability: A Delicate Balancing Act for Entrepreneurs Made More Complex by Stakeholder Expectations," Journal of Business Ethics, Springer, vol. 163(1), pages 87-106, April.
    20. Matthew P. Johnson & Stefan Schaltegger, 2020. "Entrepreneurship for Sustainable Development: A Review and Multilevel Causal Mechanism Framework," Entrepreneurship Theory and Practice, , vol. 44(6), pages 1141-1173, November.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:10:y:2018:i:7:p:2308-:d:156117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.