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Sustainable leadership and entrepreneurship for corporate sustainability in small enterprises: an empirical analysis

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  • Suparak Suriyankietkaew

Abstract

This paper empirically investigates leadership and management practices that the literature suggests to influence organisational performance and corporate sustainability in entrepreneurial firms, an area that is lacking to date. Survey data were gathered from the 357 small business leaders in Thailand. A sustainability research model and hypotheses were developed based on sustainable leadership's theoretical framework. Factor analysis revealed eight leadership and management factors, including enabling and trusting team, valuing people, empowerment, ethics, long-term orientation, quality, stakeholder consideration and innovation, which were postulated to significantly and positively predict superior financial performance and sustainability in small, entrepreneurial firms. Regression results indicated that innovation, high quality and stakeholder consideration were three significant drivers for enhanced long-term financial performance, thereby contributing to corporate sustainability. Therefore, small and entrepreneurial enterprises in Thailand and possibly in other Asian countries should consider adopting these strategic leadership and management practices to grow superior financial results and corporate sustainability.

Suggested Citation

  • Suparak Suriyankietkaew, 2019. "Sustainable leadership and entrepreneurship for corporate sustainability in small enterprises: an empirical analysis," World Review of Entrepreneurship, Management and Sustainable Development, Inderscience Enterprises Ltd, vol. 15(1/2), pages 256-275.
    • Handle: RePEc:ids:wremsd:v:15:y:2019:i:1/2:p:256-275
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    Citations

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    Cited by:

    1. Aline Elias & Karin Sanders & Jing Hu, 2023. "The Sustainable Human Resource Practices and Employee Outcomes Link: An HR Process Lens," Sustainability, MDPI, vol. 15(13), pages 1-18, June.
    2. Suparak Suriyankietkaew & Krittawit Krittayaruangroj & Nacharee Iamsawan, 2022. "Sustainable Leadership Practices and Competencies of SMEs for Sustainability and Resilience: A Community-Based Social Enterprise Study," Sustainability, MDPI, vol. 14(10), pages 1-36, May.
    3. Kevin Baird & Sophia Su & Rahat Munir, 2023. "The mediating role of levers of controls on the association between sustainable leadership and organisational resilience," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 34(2), pages 167-200, June.
    4. Albérico Travassos Rosário & Ricardo Jorge Raimundo & Sandra P. Cruz, 2022. "Sustainable Entrepreneurship: A Literature Review," Sustainability, MDPI, vol. 14(9), pages 1-25, May.
    5. Sooksan Kantabutra & Nuttasorn Ketprapakorn, 2021. "Toward an Organizational Theory of Resilience: An Interim Struggle," Sustainability, MDPI, vol. 13(23), pages 1-28, November.
    6. Sooksan Kantabutra, 2022. "Toward a System Theory of Corporate Sustainability: An Interim Struggle," Sustainability, MDPI, vol. 14(23), pages 1-27, November.

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