Connecting Sustainability and Growth in Small Firms: Does it Pay Off?

Valery Chistov; Nekane Aramburu; Iñaki Peña-Legazkue; Pauline Weritz; María Eugenia Fabra Florit

Connecting Sustainability and Growth in Small Firms: Does it Pay Off?

Valery Chistov, Nekane Aramburu, Iñaki Peña-Legazkue, Pauline Weritz, María Eugenia Fabra Florit

Industrial Engineering & Business Information Systems

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Abstract

Objectives: Explore the relationship between sustainability orientation and business growth in the young and mature small firms.

Theoretical Framework: sustainable entrepreneurship, life cycle perspective.

Method: Empirical, binomial logistic regression. The sample of 2 370 individuals from the 2019 version of the Spanish Global Entrepreneurship Monitor (GEM).

Results/Implications: The stage of the entrepreneurship life cycle matters and that only the introduction of sustainability objectives in mature small firms (rather than young ventures) significantly increases their chances to grow in terms of turnover and employment. We also find empirical evidence against combining environmental and social dimensions under one umbrella of sustainability, as each of these dimensions demonstrated distinctive behavior in our models.

Original language	English
Number of pages	2
Publication status	Published - 2023
Event	32nd ACEDE International Conference, ACEDE 2023: Business, Strategy and Sustainability in a Global World - University of Alicante, Alicante, Spain Duration: 25 Jun 2023 → 27 Jun 2023 Conference number: 32

Conference

Conference	32nd ACEDE International Conference, ACEDE 2023
Abbreviated title	ACEDE 2023
Country/Territory	Spain
City	Alicante
Period	25/06/23 → 27/06/23

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title = "Connecting Sustainability and Growth in Small Firms: Does it Pay Off?",

abstract = "Objectives: Explore the relationship between sustainability orientation and business growth in the young and mature small firms.Theoretical Framework: sustainable entrepreneurship, life cycle perspective.Method: Empirical, binomial logistic regression. The sample of 2 370 individuals from the 2019 version of the Spanish Global Entrepreneurship Monitor (GEM).Results/Implications: The stage of the entrepreneurship life cycle matters and that only the introduction of sustainability objectives in mature small firms (rather than young ventures) significantly increases their chances to grow in terms of turnover and employment. We also find empirical evidence against combining environmental and social dimensions under one umbrella of sustainability, as each of these dimensions demonstrated distinctive behavior in our models.",

author = "Valery Chistov and Nekane Aramburu and I{\~n}aki Pe{\~n}a-Legazkue and Pauline Weritz and Florit, {Mar{\'i}a Eugenia Fabra}",

year = "2023",

language = "English",

note = "32nd ACEDE International Conference, ACEDE 2023 : Business, Strategy and Sustainability in a Global World, ACEDE 2023 ; Conference date: 25-06-2023 Through 27-06-2023",

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TY - CONF

T1 - Connecting Sustainability and Growth in Small Firms

T2 - 32nd ACEDE International Conference, ACEDE 2023

AU - Chistov, Valery

AU - Aramburu, Nekane

AU - Peña-Legazkue, Iñaki

AU - Weritz, Pauline

AU - Florit, María Eugenia Fabra

N1 - Conference code: 32

PY - 2023

Y1 - 2023

N2 - Objectives: Explore the relationship between sustainability orientation and business growth in the young and mature small firms.Theoretical Framework: sustainable entrepreneurship, life cycle perspective.Method: Empirical, binomial logistic regression. The sample of 2 370 individuals from the 2019 version of the Spanish Global Entrepreneurship Monitor (GEM).Results/Implications: The stage of the entrepreneurship life cycle matters and that only the introduction of sustainability objectives in mature small firms (rather than young ventures) significantly increases their chances to grow in terms of turnover and employment. We also find empirical evidence against combining environmental and social dimensions under one umbrella of sustainability, as each of these dimensions demonstrated distinctive behavior in our models.

AB - Objectives: Explore the relationship between sustainability orientation and business growth in the young and mature small firms.Theoretical Framework: sustainable entrepreneurship, life cycle perspective.Method: Empirical, binomial logistic regression. The sample of 2 370 individuals from the 2019 version of the Spanish Global Entrepreneurship Monitor (GEM).Results/Implications: The stage of the entrepreneurship life cycle matters and that only the introduction of sustainability objectives in mature small firms (rather than young ventures) significantly increases their chances to grow in terms of turnover and employment. We also find empirical evidence against combining environmental and social dimensions under one umbrella of sustainability, as each of these dimensions demonstrated distinctive behavior in our models.

M3 - Paper

Y2 - 25 June 2023 through 27 June 2023

ER -

Connecting Sustainability and Growth in Small Firms: Does it Pay Off?

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