Changing times: does the critical success factors boosting green transition of SMEs remain unchanged?

Abstract This study aims to conduct a thorough analysis to determine the key elements that contribute to the behavioral intention of small and medium enterprises (SMEs) to adopt green transition. The statistical data used in this study were obtained from two rounds of data collected from individuals...

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Main Authors: Pham Quang Huy, Vu Kien Phuc
Format: Article
Language:English
Published: SpringerOpen 2025-01-01
Series:Journal of Innovation and Entrepreneurship
Subjects:
Online Access:https://doi.org/10.1186/s13731-024-00449-6
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author Pham Quang Huy
Vu Kien Phuc
author_facet Pham Quang Huy
Vu Kien Phuc
author_sort Pham Quang Huy
collection DOAJ
description Abstract This study aims to conduct a thorough analysis to determine the key elements that contribute to the behavioral intention of small and medium enterprises (SMEs) to adopt green transition. The statistical data used in this study were obtained from two rounds of data collected from individuals working in SMEs. This work utilized structural equation modeling to analyze the hypothesized interlinks. The analysis of the results confirmed the positive relationships between key elements in terms of their significance and effect size. The most stable elements of intention of green transition implementation were determined based on the degree of stability of the findings. In addition to expanding our understanding of the advantages of green transition in SMEs, the results of this study can provide guidance to SME leaders on how to improve their efficiency and effectiveness in the process of green transition practices. A more detailed understanding in this research can provide policymakers with the ability to establish laws and regulations for the transition towards sustainability.
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institution Kabale University
issn 2192-5372
language English
publishDate 2025-01-01
publisher SpringerOpen
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series Journal of Innovation and Entrepreneurship
spelling doaj-art-2ffc81ba36184fa28672913c8a10f51d2025-01-19T12:43:58ZengSpringerOpenJournal of Innovation and Entrepreneurship2192-53722025-01-0114113210.1186/s13731-024-00449-6Changing times: does the critical success factors boosting green transition of SMEs remain unchanged?Pham Quang Huy0Vu Kien Phuc1School of Accounting, University of Economics Ho Chi Minh City (UEH)School of Accounting, University of Economics Ho Chi Minh City (UEH), Vinh Long CampusAbstract This study aims to conduct a thorough analysis to determine the key elements that contribute to the behavioral intention of small and medium enterprises (SMEs) to adopt green transition. The statistical data used in this study were obtained from two rounds of data collected from individuals working in SMEs. This work utilized structural equation modeling to analyze the hypothesized interlinks. The analysis of the results confirmed the positive relationships between key elements in terms of their significance and effect size. The most stable elements of intention of green transition implementation were determined based on the degree of stability of the findings. In addition to expanding our understanding of the advantages of green transition in SMEs, the results of this study can provide guidance to SME leaders on how to improve their efficiency and effectiveness in the process of green transition practices. A more detailed understanding in this research can provide policymakers with the ability to establish laws and regulations for the transition towards sustainability.https://doi.org/10.1186/s13731-024-00449-6Digital inclusive financeGreen accountingGreen transitionInclusive leadershipSustainable development
spellingShingle Pham Quang Huy
Vu Kien Phuc
Changing times: does the critical success factors boosting green transition of SMEs remain unchanged?
Journal of Innovation and Entrepreneurship
Digital inclusive finance
Green accounting
Green transition
Inclusive leadership
Sustainable development
title Changing times: does the critical success factors boosting green transition of SMEs remain unchanged?
title_full Changing times: does the critical success factors boosting green transition of SMEs remain unchanged?
title_fullStr Changing times: does the critical success factors boosting green transition of SMEs remain unchanged?
title_full_unstemmed Changing times: does the critical success factors boosting green transition of SMEs remain unchanged?
title_short Changing times: does the critical success factors boosting green transition of SMEs remain unchanged?
title_sort changing times does the critical success factors boosting green transition of smes remain unchanged
topic Digital inclusive finance
Green accounting
Green transition
Inclusive leadership
Sustainable development
url https://doi.org/10.1186/s13731-024-00449-6
work_keys_str_mv AT phamquanghuy changingtimesdoesthecriticalsuccessfactorsboostinggreentransitionofsmesremainunchanged
AT vukienphuc changingtimesdoesthecriticalsuccessfactorsboostinggreentransitionofsmesremainunchanged