Greening of SMEs in Western Balkan countries: Evidence from firm-level analysis
The primary objective of this paper is to explore the determining factors and challenges that SMEs face in implementing green measures. A key focus is on identifying which SMEs, as key players in the enterprise sector, could potentially play a dynamic role in the green transition in the Wes...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, Belgrade
2024-01-01
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| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | https://doiserbia.nb.rs/img/doi/0013-3264/2024/0013-32642443007V.pdf |
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| author | Vučković Valentina Čučković Nevenka |
| author_facet | Vučković Valentina Čučković Nevenka |
| author_sort | Vučković Valentina |
| collection | DOAJ |
| description | The primary objective of this paper is to explore the determining factors and
challenges that SMEs face in implementing green measures. A key focus is on
identifying which SMEs, as key players in the enterprise sector, could
potentially play a dynamic role in the green transition in the Western
Balkan countries. To achieve this, a multinomial logit analysis was
conducted on a sample of 1,160 firms from Montenegro, Serbia, North
Macedonia, Bosnia and Herzegovina, and Albania. The results obtained reveal
that internal factors (such as innovation and strategic orientation) and
external factors (such as regulatory pressures and competition)
significantly influence the adoption of green measures, particularly those
that are more capital-intensive. The paper contributes to the literature by
highlighting the complex interplay among firm characteristics, external
factors, and the adoption of green practices. |
| format | Article |
| id | doaj-art-e998404be7314a1dbc2c72f67f8786de |
| institution | Kabale University |
| issn | 0013-3264 1820-7375 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Faculty of Economics, Belgrade |
| record_format | Article |
| series | Ekonomski Anali |
| spelling | doaj-art-e998404be7314a1dbc2c72f67f8786de2025-01-30T06:44:58ZengFaculty of Economics, BelgradeEkonomski Anali0013-32641820-73752024-01-016924374010.2298/EKA2443007V0013-32642443007VGreening of SMEs in Western Balkan countries: Evidence from firm-level analysisVučković Valentina0https://orcid.org/0000-0002-5438-0665Čučković Nevenka1https://orcid.org/0000-0002-0028-2015Faculty of Economics and Business, University of Zagreb, Zagreb, CroatiaInstitute for Development and International Relations (IRMO), Zagreb, CroatiaThe primary objective of this paper is to explore the determining factors and challenges that SMEs face in implementing green measures. A key focus is on identifying which SMEs, as key players in the enterprise sector, could potentially play a dynamic role in the green transition in the Western Balkan countries. To achieve this, a multinomial logit analysis was conducted on a sample of 1,160 firms from Montenegro, Serbia, North Macedonia, Bosnia and Herzegovina, and Albania. The results obtained reveal that internal factors (such as innovation and strategic orientation) and external factors (such as regulatory pressures and competition) significantly influence the adoption of green measures, particularly those that are more capital-intensive. The paper contributes to the literature by highlighting the complex interplay among firm characteristics, external factors, and the adoption of green practices.https://doiserbia.nb.rs/img/doi/0013-3264/2024/0013-32642443007V.pdfsmeseu greening policieswestern balkansfirm-level analyses |
| spellingShingle | Vučković Valentina Čučković Nevenka Greening of SMEs in Western Balkan countries: Evidence from firm-level analysis Ekonomski Anali smes eu greening policies western balkans firm-level analyses |
| title | Greening of SMEs in Western Balkan countries: Evidence from firm-level analysis |
| title_full | Greening of SMEs in Western Balkan countries: Evidence from firm-level analysis |
| title_fullStr | Greening of SMEs in Western Balkan countries: Evidence from firm-level analysis |
| title_full_unstemmed | Greening of SMEs in Western Balkan countries: Evidence from firm-level analysis |
| title_short | Greening of SMEs in Western Balkan countries: Evidence from firm-level analysis |
| title_sort | greening of smes in western balkan countries evidence from firm level analysis |
| topic | smes eu greening policies western balkans firm-level analyses |
| url | https://doiserbia.nb.rs/img/doi/0013-3264/2024/0013-32642443007V.pdf |
| work_keys_str_mv | AT vuckovicvalentina greeningofsmesinwesternbalkancountriesevidencefromfirmlevelanalysis AT cuckovicnevenka greeningofsmesinwesternbalkancountriesevidencefromfirmlevelanalysis |