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Sustainable Entrepreneurship in SMEs: A Business Performance Perspective

Author

Listed:
  • Pedro Soto-Acosta

    (Department of Management & Finance, University of Murcia, 30100 Espinardo, Murcia, Spain)

  • Diana-Maria Cismaru

    (College of Communication and Public Relations, National University of Political Studies and Public Administration, Expoziției no. 30A, Sector 1, Bucharest 102104, Romania)

  • Elena-Mădălina Vătămănescu

    (Faculty of Management, National University of Political Studies and Public Administration, Bucharest 102104, Romania
    Doctoral School in Economics and International Business, Bucharest University of Economic Studies, Bucharest 010374, Romania)

  • Raluca Silvia Ciochină

    (College of Communication and Public Relations, National University of Political Studies and Public Administration, Expoziției no. 30A, Sector 1, Bucharest 102104, Romania)

Abstract

Assuming that sustainable entrepreneurship leads to business performance, the present paper intends to investigate the standpoints of SMEs (small and medium-sized enterprises) entrepreneurs on different facets. The emphasis is laid on the entrepreneurs’ approaches towards people, planet and profit and on their prioritization within business dynamics. The aforementioned dimensions are deemed important factors engendering business performance in terms of turnover, customer attraction and retention and market share. With a view to testing the advanced hypotheses, we employed a quantitative perspective relying on a questionnaire-based survey. As the results posited, the proposed model accounts for almost 50 percent of variance in business performance, whereas sustainable entrepreneurship approaches towards the people and profit dimensions have a significant positive influence on business performance.

Suggested Citation

  • Pedro Soto-Acosta & Diana-Maria Cismaru & Elena-Mădălina Vătămănescu & Raluca Silvia Ciochină, 2016. "Sustainable Entrepreneurship in SMEs: A Business Performance Perspective," Sustainability, MDPI, vol. 8(4), pages 1-12, April.
    • Handle: RePEc:gam:jsusta:v:8:y:2016:i:4:p:342-:d:67736
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    References listed on IDEAS

    as
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