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Strategic management of natural resources through human, technological, and institutional resources: Sustainable curing the resource curse

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  • Liu, Yu
  • Khan, Ali Junaid
  • Iqbal, Jawad
  • Hameed, Waseem Ul
  • Ahmed, Tanveer

Abstract

The small manufacturing units in Pakistan are increasing over time, but the sustainability of these businesses is questioned. Despite a large amount of research on the management of businesses with sustainability, little is known about the practices for sustainability in small and medium enterprises. To address this knowledge gap, this study was initiated to determine the impact of resource governance, natural resource abundance, human capital development, technological innovations, and institutional quality on the sustainable development of small manufacturing firms. Data for this research was collected with a cross-sectional approach employing a 7-point Likert scale questionnaire, and the sample size was based on 577 small manufacturing sector employees. The partial least squares–structural equation model (PLS-SEM) approach was used to analyze the data, and the study reported that the mediating influence of human capital development and technological innovations is significant between resource governance, natural resource abundance, and sustainable development. This study confirmed that the small manufacturing sector can use institutional quality to influence technological innovation, human capital development, and sustainable development. The novelty of the research relies on its model and the theoretical contributions to the literature. This research significantly reported that resource governance and natural resource abundance are critical for the sustainable development of small manufacturing firms.

Suggested Citation

  • Liu, Yu & Khan, Ali Junaid & Iqbal, Jawad & Hameed, Waseem Ul & Ahmed, Tanveer, 2023. "Strategic management of natural resources through human, technological, and institutional resources: Sustainable curing the resource curse," Resources Policy, Elsevier, vol. 86(PA).
    • Handle: RePEc:eee:jrpoli:v:86:y:2023:i:pa:s0301420723009443
    DOI: 10.1016/j.resourpol.2023.104233
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    References listed on IDEAS

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    1. Yongming Zhu & Muhammad Salman & Saima Kiran & Faisal Sajjad & Muhammad Sibt-e-Ali & Shahid Sherwani & Muhammad Wajid Kamran, 2024. "The CSR perspective: Interplay of technological innovation, ethical leadership and government regulations for sustainable financial performance," PLOS ONE, Public Library of Science, vol. 19(2), pages 1-19, February.
    2. Haoran Ma & Ali Junaid Khan & Sana Fayyaz & Waseem Ul Hameed & Habib Ullah, 2024. "Unpacking the optimistic mindset of business students towards entrepreneurship," PLOS ONE, Public Library of Science, vol. 19(2), pages 1-20, February.

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