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How Firms Can Improve Sustainable Performance on Belt and Road Initiative

Author

Listed:
  • Tao Zhao

    (School of Management, Suzhou University, No. 1769 Xuefu Avenue, Suzhou 234000, China
    These authors contributed equally to this work.)

  • Jung-Mo Koo

    (Department of Business Administration, Mokwon University, Daejeon 35349, Korea
    These authors contributed equally to this work.)

  • Min-Jae Lee

    (Department of International Trade & Logistics, Mokwon University, Daejeon 35349, Korea)

Abstract

This study investigates the digitalization capabilities and the moderating effect of green open innovation (GOI) that firms need to achieve triple bottom line (TBL) performance in the Belt and Road Initiative (BRI). This study explores the structure of business ecosystems that firms need to achieve sustainable performance and investigates open innovations that can be promoted based on them. The data used in the analysis was collected from 474 manufacturing firms pursuing partnerships among ecosystem participants to promote Sustainable Development Goals (SDGs) in the BRI. The moderating regression analysis is used in this study. We found that digitization capabilities (DCs) have a significant effect on a firm’s TBL performance. In addition, it was confirmed that GOI has a positive moderating effect on digitalization capabilities and a firm’s economic performance. Based on these results, we also believe our model contributes to the current knowledge by filling several research gaps, and our findings offer valuable and practical implications not only for achieving sustainable growth but also for the creation of competitive advantage.

Suggested Citation

  • Tao Zhao & Jung-Mo Koo & Min-Jae Lee, 2022. "How Firms Can Improve Sustainable Performance on Belt and Road Initiative," Sustainability, MDPI, vol. 14(21), pages 1-14, October.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:21:p:14090-:d:956696
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