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Lean manufacturing is the financial performance and sustainable finances problems solution?

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  • Maldonado-Guzmán, Gonzalo

    (Departamento de Mercadotecnia, Centro de Ciencias Económicas y Administrativas, Universidad Autónoma de Aguascalientes, México.)

  • Pinzón-Castro, Sandra Yesenia

    (Departamento de Mercadotecnia, Centro de Ciencias Económicas y Administrativas, Universidad Autónoma de Aguascalientes, México.)

  • Juárez-del Toro, Raymundo

    (Facultad de Contaduría y Administración, Universidad Autónoma de Coahuila Unidad Torreón, México.)

Abstract

Lean manufacturing is gaining popularity among scientific, academic, and business communities; and is considered a valid strategy to generate financial performance and more sustainable finance. However, little is known about the influence of lean manufacturing on financial performance and sustainable finance of firms in the automotive industry. This study explores the relationship between lean manufacturing, financial performance and sustainable finance. The data was obtained from a self-administered questionnaire distributed to 460 Mexican firms that operate in the automotive industry. The results of the structural equation model (partial least squares) suggest that lean manufacturing have a positive and significant influence on both financial performance and sustainable finance.

Suggested Citation

  • Maldonado-Guzmán, Gonzalo & Pinzón-Castro, Sandra Yesenia & Juárez-del Toro, Raymundo, 2023. "Lean manufacturing is the financial performance and sustainable finances problems solution?," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 17(3), pages 1-19.
    • Handle: RePEc:ris:tecemp:2311
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    References listed on IDEAS

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    1. Amal Benkarim & Daniel Imbeau, 2021. "Organizational Commitment and Lean Sustainability: Literature Review and Directions for Future Research," Sustainability, MDPI, vol. 13(6), pages 1-24, March.
    2. Secchi, Raffaele & Camuffo, Arnaldo, 2019. "Lean implementation failures: The role of organizational ambidexterity," International Journal of Production Economics, Elsevier, vol. 210(C), pages 145-154.
    3. Bakry, Walid & Mallik, Girijasankar & Nghiem, Xuan-Hoa & Sinha, Avik & Vo, Xuan Vinh, 2023. "Is green finance really “green”? Examining the long-run relationship between green finance, renewable energy and environmental performance in developing countries," Renewable Energy, Elsevier, vol. 208(C), pages 341-355.
    4. Michael A. Urban & Dariusz Wójcik, 2019. "Dirty Banking: Probing the Gap in Sustainable Finance," Sustainability, MDPI, vol. 11(6), pages 1-23, March.
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