IDEAS home Printed from https://ideas.repec.org/a/ris/tecemp/2311.html
   My bibliography  Save this article

Lean manufacturing is the financial performance and sustainable finances problems solution?

Author

Listed:
  • Gonzalo Maldonado-Guzmán

    (Departamento de Mercadotecnia, Centro de Ciencias Económicas y Administrativas, Universidad Autónoma de Aguascalientes, México.)

  • Sandra Yesenia Pinzón-Castro

    (Departamento de Mercadotecnia, Centro de Ciencias Económicas y Administrativas, Universidad Autónoma de Aguascalientes, México.)

  • Raymundo Juárez-del Toro

    (Facultad de Contaduría y Administración, Universidad Autónoma de Coahuila Unidad Torreón, México.)

Abstract

Lean manufacturing is gaining popularity among scientific, academic, and business communities; and is considered a valid strategy to generate financial performance and more sustainable finance. However, little is known about the influence of lean manufacturing on financial performance and sustainable finance of firms in the automotive industry. This study explores the relationship between lean manufacturing, financial performance and sustainable finance. The data was obtained from a self-administered questionnaire distributed to 460 Mexican firms that operate in the automotive industry. The results of the structural equation model (partial least squares) suggest that lean manufacturing have a positive and significant influence on both financial performance and sustainable finance.

Suggested Citation

  • Gonzalo Maldonado-Guzmán & Sandra Yesenia Pinzón-Castro & Raymundo Juárez-del Toro, 2023. "Lean manufacturing is the financial performance and sustainable finances problems solution?," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 17(3), pages 1-19.
    • Handle: RePEc:ris:tecemp:2311
    as

    Download full text from publisher

    File URL: https://revistas.tec.ac.cr/index.php/tec_empresarial/article/view/6846
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Amal Benkarim & Daniel Imbeau, 2021. "Organizational Commitment and Lean Sustainability: Literature Review and Directions for Future Research," Sustainability, MDPI, vol. 13(6), pages 1-24, March.
    2. Pratima Bansal, 2005. "Evolving sustainably: a longitudinal study of corporate sustainable development," Strategic Management Journal, Wiley Blackwell, vol. 26(3), pages 197-218, March.
    3. Secchi, Raffaele & Camuffo, Arnaldo, 2019. "Lean implementation failures: The role of organizational ambidexterity," International Journal of Production Economics, Elsevier, vol. 210(C), pages 145-154.
    4. Chavez, Roberto & Yu, Wantao & Jacobs, Mark & Fynes, Brian & Wiengarten, Frank & Lecuna, Antonio, 2015. "Internal lean practices and performance: The role of technological turbulence," International Journal of Production Economics, Elsevier, vol. 160(C), pages 157-171.
    5. Bakry, Walid & Mallik, Girijasankar & Nghiem, Xuan-Hoa & Sinha, Avik & Vo, Xuan Vinh, 2023. "Is green finance really “green”? Examining the long-run relationship between green finance, renewable energy and environmental performance in developing countries," Renewable Energy, Elsevier, vol. 208(C), pages 341-355.
    6. Michael A. Urban & Dariusz Wójcik, 2019. "Dirty Banking: Probing the Gap in Sustainable Finance," Sustainability, MDPI, vol. 11(6), pages 1-23, March.
    Full references (including those not matched with items on IDEAS)

    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. Olaf Weber & Rezaul Karim Chowdury, 2020. "Corporate Sustainability in Bangladeshi Banks: Proactive or Reactive Ethical Behavior?," Sustainability, MDPI, vol. 12(19), pages 1-18, September.
    2. Francisco Javier Forcadell & Elisa Aracil & Fernando Úbeda, 2019. "The Influence of Innovation on Corporate Sustainability in the International Banking Industry," Sustainability, MDPI, vol. 11(11), pages 1-15, June.
    3. Arru Brunella & Delrio Federico & Furesi Roberto & Pulina Pietro & Fabio Albino Madau, 2025. "Role of environmental, social and governance disclosure in business profitability and cost of debt: An analysis of small Southern Italian agri‐food businesses," Agribusiness, John Wiley & Sons, Ltd., vol. 41(3), pages 856-895, July.
    4. Franck Brulhart & Sandrine Gherra & Bertrand V. Quelin, 2019. "Do Stakeholder Orientation and Environmental Proactivity Impact Firm Profitability?," Journal of Business Ethics, Springer, vol. 158(1), pages 25-46, August.
    5. Bárbara Galleli & Elder Semprebon & Joyce Aparecida Ramos dos Santos & Noah Emanuel Brito Teles & Mateus Santos de Freitas-Martins & Raquel Teodoro da Silva Onevetch, 2021. "Institutional Pressures, Sustainable Development Goals and COVID-19: How Are Organisations Engaging?," Sustainability, MDPI, vol. 13(21), pages 1-21, November.
    6. Arwa Ali Alnamlah & Nisar Ahamad Nalband, 2024. "A Study on the Role of Leaders in Achieving Sustainable Competitiveness and Sustainability During Change," Sustainability, MDPI, vol. 16(22), pages 1-21, November.
    7. Aseem Kaul & Jiao Luo, 2018. "An economic case for CSR: The comparative efficiency of for‐profit firms in meeting consumer demand for social goods," Strategic Management Journal, Wiley Blackwell, vol. 39(6), pages 1650-1677, June.
    8. Hou, Mengyang & Xie, Yalin & Lu, Weinan & Cui, Xuehua & Xi, Zenglei & Han, Yuxin, 2025. "Green finance drives the synergy of pollution control and carbon reduction in China: Dual perspective of effect and efficiency," Energy, Elsevier, vol. 330(C).
    9. Michael Grote & Dariusz Wojcik & Matthew Zook, 2024. "Sticky substance with sticky power: Oil in global production and financial networks," Environment and Planning A, , vol. 56(2), pages 436-453, March.
    10. Mario Vaupel & David Bendig & Denise Fischer-Kreer & Malte Brettel, 2023. "The Role of Share Repurchases for Firms’ Social and Environmental Sustainability," Journal of Business Ethics, Springer, vol. 183(2), pages 401-428, March.
    11. Francesco Gangi & Antonio Meles & Eugenio D'Angelo & Lucia Michela Daniele, 2019. "Sustainable development and corporate governance in the financial system: Are environmentally friendly banks less risky?," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 26(3), pages 529-547, May.
    12. Ali Saleh Alshebami, 2021. "Evaluating the relevance of green banking practices on Saudi Banks’ green image: The mediating effect of employees’ green behaviour," Journal of Banking Regulation, Palgrave Macmillan, vol. 22(4), pages 275-286, December.
    13. Simone Carmine & Valentina De Marchi, 2023. "Reviewing Paradox Theory in Corporate Sustainability Toward a Systems Perspective," Journal of Business Ethics, Springer, vol. 184(1), pages 139-158, April.
    14. Rubio-Andrés, Mercedes & Ramos-González, Mª del Mar & Sastre-Castillo, Miguel Ángel & Gutiérrez-Broncano, Santiago, 2023. "Stakeholder pressure and innovation capacity of SMEs in the COVID-19 pandemic: Mediating and multigroup analysis," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    15. Fabien Martinez, 2014. "Corporate strategy and the environment: towards a four-dimensional compatibility model for fostering green management decisions," Post-Print hal-02887618, HAL.
    16. Wang, Kai-Hua & Zhao, Yan-Xin & Jiang, Cui-Feng & Li, Zheng-Zheng, 2022. "Does green finance inspire sustainable development? Evidence from a global perspective," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 412-426.
    17. Maël Sommer & Karine Gauche, 2021. "Certification de groupe ISO 14001 et gestion des problèmes de durabilité en petite entreprise : une analyse lexicale du discours des agriculteurs," Post-Print hal-03791169, HAL.
    18. Andrea Lučić, 2020. "Measuring Sustainable Marketing Orientation—Scale Development Process," Sustainability, MDPI, vol. 12(5), pages 1-22, February.
    19. Zhiqiang Liu & Ji Li & Hong Zhu & Zhenyao Cai & Luning Wang, 2014. "Chinese firms’ sustainable development—The role of future orientation, environmental commitment, and employee training," Asia Pacific Journal of Management, Springer, vol. 31(1), pages 195-213, March.
    20. Catherine Maware & David M. Parsley, 2022. "The Challenges of Lean Transformation and Implementation in the Manufacturing Sector," Sustainability, MDPI, vol. 14(10), pages 1-24, May.

    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:ris:tecemp:2311. 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: Esteban Lafuente (email available below). General contact details of provider: https://edirc.repec.org/data/eaitccr.html .

    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.