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Economic Prosperity and the Implementation of Sustainable Development Models Among SMEs in European Countries: Correlational Analysis and Incentive System

Author

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  • Michael Gerlich
  • Marko Milojevic
  • Liudmila Tsvetkova

Abstract

Sustainable entrepreneurship remains a pivotal driver in the transition toward inclusive and environmentally responsible economic development across Europe. This study investigates the influence of economic prosperity and policy frameworks on sustainable entrepreneurial activities among 30 European countries from 2018 to 2023. Employing a mixed‐methods approach, quantitative analyses including descriptive statistics, correlational, and regression models were complemented by qualitative policy evaluations. Results reveal a significant positive relationship between GDP per capita and sustainable entrepreneurship (r = 0.64, p

Suggested Citation

  • Michael Gerlich & Marko Milojevic & Liudmila Tsvetkova, 2025. "Economic Prosperity and the Implementation of Sustainable Development Models Among SMEs in European Countries: Correlational Analysis and Incentive System," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 32(6), pages 8499-8510, November.
    • Handle: RePEc:wly:corsem:v:32:y:2025:i:6:p:8499-8510
    DOI: 10.1002/csr.70135
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    References listed on IDEAS

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