Meta-Analysis of the Relationship Between Green Entrepreneurial Orientation and Sustainable Firm Performance

Resul Öztürk, Mehtap Öztürk () and Zeynep Kızılkan
Additional contact information
Resul Öztürk: Department of International Trade and Finance, Selçuk University, Konya 42250, Turkey
Mehtap Öztürk: Department of Business Administration, Selçuk University, Konya 42250, Turkey
Zeynep Kızılkan: Department of International Trade and Finance, Selçuk University, Konya 42250, Turkey

Sustainability, 2024, vol. 16, issue 24, 1-17

Abstract: The purpose of this study is to examine the relationship between green entrepreneurial orientation and sustainable firm performance. In order to examine this relationship, a meta-analysis method was used, and analyses were carried out with a Comprehensive Meta-Analysis Software (CMA) v4 package program. In the study, a sample of 23 articles, 42 effect sizes, and 6666 enterprises was reached through a systematic literature review. The studies included in the research were accessed by searching the keywords “green entrepreneurial orientation” and “sustainable firm performance” from Web of Science, EBSCO Host, Scopus, and Google Scholar databases, and only articles without any year limit were included. Throughout the study, statistical analyses were performed on Fisher z values and conducted under the random effects model. The effect size, heterogeneity, and publication bias analyses of green entrepreneurial orientation and sustainable firm performance and its sub-dimensions were tested separately, and the findings were interpreted by converting them into correlation coefficients. As a result of the analyses, it was found that the relationship between green entrepreneurial orientation and sustainable firm performance is positive and highly significant ( p < 0.05). In addition, the relationship between financial, environmental, social, sustainable, entrepreneurial, and green innovation performance, which is the sub-dimensions of sustainable firm performance, and green entrepreneurial orientation, was found to be high and significant ( p < 0.05). However, it was concluded that there is no significant relationship between green innovation performance, which is another dimension of sustainable firm performance, and green entrepreneurial orientation. Moderator analyses revealed that sector and continent have a moderating effect on the relationship between green entrepreneurship orientation and sustainable firm performance.

Keywords: green entrepreneurial orientation; sustainable firm performance; meta-analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/16/24/11224/pdf (application/pdf)
https://www.mdpi.com/2071-1050/16/24/11224/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:16:y:2024:i:24:p:11224-:d:1549187

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().