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The Influence of Green Entrepreneurship on Sustainable Development in Saudi Arabia: The Role of Formal Institutions

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  • Wafa Alwakid

    (Department of Business, Universitat Autònoma de Barcelona, Edifici B Campus UAB, Bellaterra (Cerdanyola del Vallès), 08193 Barcelona, Spain
    Department of Business Administration, Jouf University, Al Jouf 75471, Saudi Arabia)

  • Sebastian Aparicio

    (Durham University Business School, Durham University, Mill Hill Lane, Durham DH1 3LB, UK
    Fundación ECSIM, Medellin 050010, Colombia)

  • David Urbano

    (Department of Business and Centre for Entrepreneurship and Social Innovation Research (CREIS), Universitat Autònoma de Barcelona, Edifici B Campus UAB, Bellaterra (Cerdanyola del Vallès), 08193 Barcelona, Spain)

Abstract

This study explores the influence of green entrepreneurial activity on sustainable development, using institutional economics as a theoretical framework. Also, the role of entrepreneurship policy is analysed in the context of Saudi Arabia. Using information from the General Authority for Statistics from 13 Saudi Arabian cities, the main findings show that green entrepreneurship positively contributes to the economic, social, and environmental components of sustainable development during the period 2012–2017. These results demonstrate a measurable indication of sustainable development outcomes, whereby Saudi Arabian institutions align entrepreneurial activities with a positive triple bottom line effect. Accordingly, these findings contribute new evidence to justify government commitment to supporting green entrepreneurship in Saudi Arabia and encourage future domestic policies.

Suggested Citation

  • Wafa Alwakid & Sebastian Aparicio & David Urbano, 2021. "The Influence of Green Entrepreneurship on Sustainable Development in Saudi Arabia: The Role of Formal Institutions," IJERPH, MDPI, vol. 18(10), pages 1-23, May.
    • Handle: RePEc:gam:jijerp:v:18:y:2021:i:10:p:5433-:d:557845
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    3. Abdullah Almuqrin & Ibrahim Mutambik & Abdulaziz Alomran & Justin Zuopeng Zhang, 2023. "Information System Success for Organizational Sustainability: Exploring the Public Institutions in Saudi Arabia," Sustainability, MDPI, vol. 15(12), pages 1-25, June.
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    5. Mohamed Ali Shabeeb Ali & Mohammed Abdullah Ammer & Ibrahim A. Elshaer, 2023. "Born to Be Green: Antecedents of Green Entrepreneurship Intentions among Higher Education Students," Sustainability, MDPI, vol. 15(8), pages 1-20, April.
    6. Tancredi Pascucci & Giuseppina Maria Cardella & Brizeida Hernàndez-Sànchez & Jose Carlos Sànchez-Garcìa, 2022. "Environmental Sensitivity to Form a Sustainable Entrepreneurial Intention," Sustainability, MDPI, vol. 14(16), pages 1-17, August.
    7. Madhuwanthi Premadasa & Janaka Siyambalapitiya & Kumudu Jayawardhana & Imali Fernando, 2023. "Conceptualizing the Role of Social Entrepreneurial Orientation in the Triple Bottom Line in the Social Enterprise Context: Developing Country Perspective," Sustainability, MDPI, vol. 15(11), pages 1-21, May.

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