IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i13p5376-d1421475.html
   My bibliography  Save this article

Sustainable Development of the Economy—A Case Study of the Impacts of the Size of Enterprises and Factors Affecting Performance

Author

Listed:
  • Carmen Elena Stoenoiu

    (Department of Electric Machines and Drives, Technical University of Cluj-Napoca, 400641 Cluj-Napoca, Romania)

  • Lorentz Jäntschi

    (Department of Physics and Chemistry, Technical University of Cluj-Napoca, 400641 Cluj-Napoca, Romania)

Abstract

Approaches to the sustainable development of enterprises are a continuous concern of EU countries, contributing to the achievement of national well-being. Companies today face the combined effects of a multitude of factors that affect their results. This study was carried out to analyse the factors that influence the enterprises in the non-financial sector (industry, trade, and services). The analysis used the related data from eight Eastern European countries in the period of 2018–2020, and includes companies by country, size, number of employees, number of companies by number of employees, turnover, added value and average productivity per employee in generating turnover and added value, respectively. To carry out the study, four research questions and four possible hypotheses were used. For data analysis, generalized linear models were used, and four models were obtained and statistically validated. The obtained results led to the identification of the factors associated with the dependent variables that were the basis for the creation of the models.

Suggested Citation

  • Carmen Elena Stoenoiu & Lorentz Jäntschi, 2024. "Sustainable Development of the Economy—A Case Study of the Impacts of the Size of Enterprises and Factors Affecting Performance," Sustainability, MDPI, vol. 16(13), pages 1-38, June.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:13:p:5376-:d:1421475
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/13/5376/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/13/5376/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Donthu, Naveen & Kumar, Satish & Mukherjee, Debmalya & Pandey, Nitesh & Lim, Weng Marc, 2021. "How to conduct a bibliometric analysis: An overview and guidelines," Journal of Business Research, Elsevier, vol. 133(C), pages 285-296.
    2. Saleem Rahman & Agnieszka Chwialkowska & Nazim Hussain & Waheed Akbar Bhatti & Harri Luomala, 2023. "Cross-cultural perspective on sustainable consumption: implications for consumer motivations and promotion," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(2), pages 997-1016, February.
    3. Kock, Alexander & Gemünden, Hans Georg, 2020. "How entrepreneurial orientation can leverage innovation project portfolio management," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 124844, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    4. Luigi Aldieri & Mohsen Brahmi & Bruna Bruno & Concetto Paolo Vinci, 2021. "Circular Economy Business Models: The Complementarities with Sharing Economy and Eco-Innovations Investments," Sustainability, MDPI, vol. 13(22), pages 1-13, November.
    5. Pedersen, Lasse Heje & Fitzgibbons, Shaun & Pomorski, Lukasz, 2021. "Responsible investing: The ESG-efficient frontier," Journal of Financial Economics, Elsevier, vol. 142(2), pages 572-597.
    6. Latifi, Mohammad-Ali & Nikou, Shahrokh & Bouwman, Harry, 2021. "Business model innovation and firm performance: Exploring causal mechanisms in SMEs," Technovation, Elsevier, vol. 107(C).
    7. Mukherjee, Debmalya & Lim, Weng Marc & Kumar, Satish & Donthu, Naveen, 2022. "Guidelines for advancing theory and practice through bibliometric research," Journal of Business Research, Elsevier, vol. 148(C), pages 101-115.
    8. Khan, Irfan & Hou, Fujun & Le, Hoang Phong & Ali, Syed Ahtsham, 2021. "Do natural resources, urbanization, and value-adding manufacturing affect environmental quality? Evidence from the top ten manufacturing countries," Resources Policy, Elsevier, vol. 72(C).
    9. Aminu Umaru & Yakubu Egede & James Ayuba, 2022. "Does Manufacturing Sector Output Significantly Predict Economic Growth in Nigeria?," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 10(2), pages 136-145.
    10. Guilherme Francisco do Prado & Cassiano Moro Piekarski & Leila Mendes da Luz & Jovani Taveira de Souza & Rodrigo Salvador & Antonio Carlos de Francisco, 2020. "Sustainable development and economic performance: Gaps and trends for future research," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(1), pages 368-384, January.
    11. Azeem, Muhammad & Ahmed, Munir & Haider, Sajid & Sajjad, Muhammad, 2021. "Expanding competitive advantage through organizational culture, knowledge sharing and organizational innovation," Technology in Society, Elsevier, vol. 66(C).
    12. Jiayang Xu & Jian Cao & Yunfei Wang & Xiangrong Shi & Jiayun Zeng, 2020. "Evolutionary Game on Government Regulation and Green Supply Chain Decision-Making," Energies, MDPI, vol. 13(3), pages 1-25, February.
    13. Asad Alam & Paloma Anós Casero & Faruk Khan & Charles Udomsaph, 2008. "Unleashing Prosperity : Productivity Growth in Eastern Europe and the Former Soviet Union," World Bank Publications - Books, The World Bank Group, number 6588.
    14. Xie, Xuemei & Liu, Xiaojie & Chen, Jialing, 2023. "A meta-analysis of the relationship between collaborative innovation and innovation performance: The role of formal and informal institutions," Technovation, Elsevier, vol. 124(C).
    15. Violeta Sima & Ileana Georgiana Gheorghe & Jonel Subić & Dumitru Nancu, 2020. "Influences of the Industry 4.0 Revolution on the Human Capital Development and Consumer Behavior: A Systematic Review," Sustainability, MDPI, vol. 12(10), pages 1-28, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lei Tong & Lu Tang, 2025. "Regional Differences and Spatial-Temporal Evolution Characteristics of Digital Economy Development in China," Sustainability, MDPI, vol. 17(10), pages 1-22, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Zina Arabeche & Ahlem Soudani & Mohsen Brahmi & Luigi Aldieri & Concetto Paolo Vinci & Mohammed El Amine Abdelli, 2022. "Entrepreneurial Orientation, Organizational Culture and Business Performance in SMEs: Evidence from Emerging Economy," Sustainability, MDPI, vol. 14(9), pages 1-20, April.
    2. Uršič, Dejan & Čater, Tomaž, 2025. "Digital innovation in management and business: A comprehensive review, multi-level framework, and future research agenda," Journal of Business Research, Elsevier, vol. 197(C).
    3. Francisco Díez-Martín & Giorgia Miotto & Cristina Del-Castillo-Feito, 2024. "The intellectual structure of gender equality research in the business economics literature," Review of Managerial Science, Springer, vol. 18(6), pages 1649-1680, June.
    4. Nobanee, Haitham & Ellili, Nejla Ould Daoud, 2023. "What do we know about meme stocks? A bibliometric and systematic review, current streams, developments, and directions for future research," International Review of Economics & Finance, Elsevier, vol. 85(C), pages 589-602.
    5. Paul Handro & Bogdan Dima, 2024. "Analyzing Financial Markets Efficiency: Insights from a Bibliometric and Content Review," Journal of Financial Studies, Institute of Financial Studies, vol. 16(9), pages 119-175, May.
    6. Sa Nguyen Tran & Dao Thi Thieu Ha, 2025. "Green banking disclosure: A bibliometric analysis," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 15(1), pages 20-37.
    7. David Moroz, 2024. "What does terroir mean? A science mapping of a multidimensional concept," Journal of Agricultural Economics, Wiley Blackwell, vol. 75(3), pages 889-913, September.
    8. Xue, Pengcheng & Du, Jianhua & Liu, Jiaxin & Li, Zhipeng & Albahooth, Bayan & Yang, Yiting, 2023. "Natural resources and economic perspective: Manufacturing value added for Europe and Central Asian economies," Resources Policy, Elsevier, vol. 86(PA).
    9. Mariani, Marcello M. & Hashemi, Novin & Wirtz, Jochen, 2023. "Artificial intelligence empowered conversational agents: A systematic literature review and research agenda," Journal of Business Research, Elsevier, vol. 161(C).
    10. Weaich, Malcolm, 2024. "Exploring the Transdisciplinary Nexus of Young People's Future Livelihoods and Relational Well-Being: A Bibliometric Approach," SocArXiv fhng9_v1, Center for Open Science.
    11. Umashankar Samal, 2025. "Evolution of machine learning and deep learning in intelligent manufacturing: a bibliometric study," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 16(9), pages 3134-3150, September.
    12. Sánchez-Pérez, Manuel & Marín-Carrillo, María Belén & Segovia-López, Cristina & Terán-Yépez, Eduardo, 2025. "Bibliometric articles in business and management: Factors affecting production and scholarly impact," Journal of Business Research, Elsevier, vol. 186(C).
    13. Rakesh Gupta & Reema Khurana & Anu Prashaant, 2024. "Open banking on the horizon: a scientometric analysis and research agenda," Electronic Commerce Research, Springer, vol. 24(1), pages 577-604, March.
    14. Irma Baneviciene & Maike Andresen & Vilmante Kumpikaite-Valiuniene, 2024. "Assessing the status quo of international employees’ adjustment research, 1990–2022: a review and future research agenda," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 11(1), pages 1-20, December.
    15. Sharma, Wamika & Lim, Weng Marc & Kumar, Satish & Verma, Aastha & Kumra, Rajeev, 2024. "Game on! A state-of-the-art overview of doing business with gamification," Technological Forecasting and Social Change, Elsevier, vol. 198(C).
    16. Atul Rawat & Shivam Joshi & Sushil Kumar Rai, 2024. "Evaluating the issue of sustainable tourism with a system dynamic approach: evidence from Uttarakhand, India," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(10), pages 1-28, October.
    17. Peng He & Tong-Yuan Wang & Qi Shang & Jun Zhang & Henry Xu, 2024. "Knowledge mapping of e-commerce supply chain management: a bibliometric analysis," Electronic Commerce Research, Springer, vol. 24(3), pages 1889-1925, September.
    18. Muhammad Khalid Shahid & Aye Aye Khin & Lim Chee Seong & Muhammad Shahbaz & Fiaz Ahmad, 2024. "Mapping the Relationship of Research and Development Expenditures and Economic Growth through Bibliometric Analysis: A Theoretical Perspective," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(4), pages 17529-17555, December.
    19. Nejla Ould Daoud Ellili, 2024. "Financial inclusion and sustainable development: A review and research agenda," Journal of Financial Services Marketing, Palgrave Macmillan, vol. 29(4), pages 1345-1364, December.
    20. Pinho, Celso R.A. & Pinho, Maria Luiza C.A. & Deligonul, Seyda Z. & Tamer Cavusgil, S., 2022. "The agility construct in the literature: Conceptualization and bibliometric assessment," Journal of Business Research, Elsevier, vol. 153(C), pages 517-532.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:13:p:5376-:d:1421475. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.