Socio-Cultural Factors and Intention towards Sustainable Entrepreneurship
In order to rectify environmental degradation, government has encouraged sustainable management among businesses. In addition, researchers have also suggested a new breed of study called “sustainable entrepreneurship”, which links sustainability management to entrepreneurial activities. However,...
Main Authors: | , |
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Format: | Article |
Language: | English |
Published: |
Ala-Too International University
2014-05-01
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Series: | Eurasian Journal of Business and Economics |
Subjects: | |
Online Access: | http://www.ejbe.org/EJBE2014Vol07No13p145KOE-MAJID.pdf |
Summary: | In order to rectify environmental degradation, government has encouraged
sustainable management among businesses. In addition, researchers have also
suggested a new breed of study called “sustainable entrepreneurship”, which links
sustainability management to entrepreneurial activities. However, the participation
of entrepreneurial firms in sustainability management is still far from satisfactory.
Past studies also have found that SMEs are less active in sustainabilty initiatives and
many issues related to the intention of firms for sustainability entrepreneurship is
still unanswered. Therefore, this study was carried out to examine the influence of
socio-cultural factors on intention towards sustainable entrepreneurship among
SMEs. A total of 404 SMEs in Malaysia were surveyed by using questionnaire. Based
on the statistical analyses performed, this study found that three socio-cultural
factors, namely time orientation, sustainability orientation and social norm
significantly influenced intention towards sustainable entrepreneurship among
SMEs. Thus, in order to develop true sustainable entrepreneurs in the country, the
effects of non-economic factors such as socio-cultural factors should not be
underestimated. Lastly, some recommendations for future researchers have also
been put forth in this paper. |
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ISSN: | 1694-5948 1694-5972 |