The Influence of Green Entrepreneurship on Sustainable Development in Saudi Arabia: The Role of Formal Institutions

Wafa Alwakid, Sebastian Aparicio and David Urbano
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Wafa Alwakid: Department of Business, Universitat Autònoma de Barcelona, Edifici B Campus UAB, Bellaterra (Cerdanyola del Vallès), 08193 Barcelona, Spain
David Urbano: Department of Business and Centre for Entrepreneurship and Social Innovation Research (CREIS), Universitat Autònoma de Barcelona, Edifici B Campus UAB, Bellaterra (Cerdanyola del Vallès), 08193 Barcelona, Spain

IJERPH, 2021, vol. 18, issue 10, 1-23

Abstract: This study explores the influence of green entrepreneurial activity on sustainable development, using institutional economics as a theoretical framework. Also, the role of entrepreneurship policy is analysed in the context of Saudi Arabia. Using information from the General Authority for Statistics from 13 Saudi Arabian cities, the main findings show that green entrepreneurship positively contributes to the economic, social, and environmental components of sustainable development during the period 2012–2017. These results demonstrate a measurable indication of sustainable development outcomes, whereby Saudi Arabian institutions align entrepreneurial activities with a positive triple bottom line effect. Accordingly, these findings contribute new evidence to justify government commitment to supporting green entrepreneurship in Saudi Arabia and encourage future domestic policies.

Keywords: green entrepreneurship; sustainable development; entrepreneurship policy; formal institutions; Saudi Arabia (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (11)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jijerp:v:18:y:2021:i:10:p:5433-:d:557845

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