A1 Refereed original research article in a scientific journal

Can organizational size moderate the relationship between sustainable-driven financial management and business competitiveness?




AuthorsCampos Vanessa, Sanchis Joan R., Ejarque Ana T.

PublisherSpringer

Publication year2023

Journal: International Entrepreneurship and Management Journal

eISSN1555-1938

DOIhttps://doi.org/10.1007/s11365-023-00928-4

Publication's open availability at the time of reportingOpen Access

Publication channel's open availability Partially Open Access publication channel

Web address https://doi.org/10.1007/s11365-023-00928-4

Self-archived copy’s web addresshttps://research.utu.fi/converis/portal/detail/Publication/181755094

Self-archived copy's licenceCC BY

Self-archived copy's versionPublisher`s PDF


Abstract

Extant literature has pointed to a positive relationship between sustainable-driven management and business competitiveness and organizational size as a moderating factor in such a relationship. In this vein, the Economy for the Common Good is a sustainability framework based on stakeholders’ management that allows embedding sustainable behavior into business strategy and counts with a version adapted to organizations working at a smaller scale like entrepreneurial ventures and SMEs. Hence, the present study aims to assess the impact of sustainable financial management implemented using the Economy for the Common Good framework on business competitiveness and the possible moderating effects of organizational size on this relationship. To do so, the authors apply hierarchical regression analysis to data gathered from 206 European enterprises that implemented sustainable-driven financial management using the Economy for the Common Good framework. Results confirmed the positive impact of sustainable financial management on business competitiveness. However, organizational age and size resulted in nonsignificant variables. Thus, we conclude that sustainable financial management using the Economy for the Common Good framework is a suitable tool for implementation in entrepreneurial ventures and SMEs.


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