Balancing growth and green goals: financial access, entrepreneurship, and sustainable development in the BRICS economies
Abstract Financial access is a cornerstone of entrepreneurial ecosystems, stimulating business formation, innovation, and expansion. Financial institutions, particularly banks and credit systems, serve as dual agents of economic and environmental change. This empirical study examines the relationshi...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Springer
2025-07-01
|
| Series: | Discover Sustainability |
| Subjects: | |
| Online Access: | https://doi.org/10.1007/s43621-025-01625-8 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1849238181752340480 |
|---|---|
| author | Y. Navin Lakshmana Rao Ayyagari Anusha Rajan |
| author_facet | Y. Navin Lakshmana Rao Ayyagari Anusha Rajan |
| author_sort | Y. Navin |
| collection | DOAJ |
| description | Abstract Financial access is a cornerstone of entrepreneurial ecosystems, stimulating business formation, innovation, and expansion. Financial institutions, particularly banks and credit systems, serve as dual agents of economic and environmental change. This empirical study examines the relationship between financial access, entrepreneurship, and sustainable development in BRICS. Using panel data (2000–2023) from the World Bank and robust PLS-SEM, the analysis reveals a dual-edged impact: financial access drives economic resilience and entrepreneurial activity but also contributes to environmental challenges such as resource overuse and ecological degradation. These findings underscore a paradox: financial systems catalyze growth while simultaneously straining. The study prioritizes actionable strategies for aligning financial mechanisms with sustainability goals, urging BRICS policymakers to reconcile economic ambitions with ecological boundaries. |
| format | Article |
| id | doaj-art-e4a39e4788754dd3a14d7820b27669d5 |
| institution | Kabale University |
| issn | 2662-9984 |
| language | English |
| publishDate | 2025-07-01 |
| publisher | Springer |
| record_format | Article |
| series | Discover Sustainability |
| spelling | doaj-art-e4a39e4788754dd3a14d7820b27669d52025-08-20T04:01:43ZengSpringerDiscover Sustainability2662-99842025-07-016111910.1007/s43621-025-01625-8Balancing growth and green goals: financial access, entrepreneurship, and sustainable development in the BRICS economiesY. Navin0Lakshmana Rao Ayyagari1Anusha Rajan2Department of Commerce at Paari School of Business, SRM University APDepartment of Commerce at Paari School of Business, SRM University APDepartment of Management at Paari School of Business, SRM University APAbstract Financial access is a cornerstone of entrepreneurial ecosystems, stimulating business formation, innovation, and expansion. Financial institutions, particularly banks and credit systems, serve as dual agents of economic and environmental change. This empirical study examines the relationship between financial access, entrepreneurship, and sustainable development in BRICS. Using panel data (2000–2023) from the World Bank and robust PLS-SEM, the analysis reveals a dual-edged impact: financial access drives economic resilience and entrepreneurial activity but also contributes to environmental challenges such as resource overuse and ecological degradation. These findings underscore a paradox: financial systems catalyze growth while simultaneously straining. The study prioritizes actionable strategies for aligning financial mechanisms with sustainability goals, urging BRICS policymakers to reconcile economic ambitions with ecological boundaries.https://doi.org/10.1007/s43621-025-01625-8Entrepreneurial growthSustainable developmentDomestic creditCommercial lendingSmartPLS |
| spellingShingle | Y. Navin Lakshmana Rao Ayyagari Anusha Rajan Balancing growth and green goals: financial access, entrepreneurship, and sustainable development in the BRICS economies Discover Sustainability Entrepreneurial growth Sustainable development Domestic credit Commercial lending SmartPLS |
| title | Balancing growth and green goals: financial access, entrepreneurship, and sustainable development in the BRICS economies |
| title_full | Balancing growth and green goals: financial access, entrepreneurship, and sustainable development in the BRICS economies |
| title_fullStr | Balancing growth and green goals: financial access, entrepreneurship, and sustainable development in the BRICS economies |
| title_full_unstemmed | Balancing growth and green goals: financial access, entrepreneurship, and sustainable development in the BRICS economies |
| title_short | Balancing growth and green goals: financial access, entrepreneurship, and sustainable development in the BRICS economies |
| title_sort | balancing growth and green goals financial access entrepreneurship and sustainable development in the brics economies |
| topic | Entrepreneurial growth Sustainable development Domestic credit Commercial lending SmartPLS |
| url | https://doi.org/10.1007/s43621-025-01625-8 |
| work_keys_str_mv | AT ynavin balancinggrowthandgreengoalsfinancialaccessentrepreneurshipandsustainabledevelopmentinthebricseconomies AT lakshmanaraoayyagari balancinggrowthandgreengoalsfinancialaccessentrepreneurshipandsustainabledevelopmentinthebricseconomies AT anusharajan balancinggrowthandgreengoalsfinancialaccessentrepreneurshipandsustainabledevelopmentinthebricseconomies |