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Research on Entrepreneurship and Sustainable Economic Development

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: 5 July 2025 | Viewed by 3347

Special Issue Editors

Special Issue Information

Dear Colleagues,

Sustainability has become integral to any future-oriented entrepreneurial activity (Salamzadeh et al., 2020). In fact, entrepreneurs can initiate and improve levels of sustainable economic development on multiple levels, including that of the individual (e.g., Hammawa & Hashim, 2016), team (e.g., Paramba et al., 2023), firm (e.g., Soleimani et al., 2023), community (e.g., Murniati et al., 2021), city (e.g., Dana et al., 2022), nation (e.g., Yakubu et al., 2022), region (e.g., Gu & Wang,  2022), and even globe (e.g., Kurotimi et al., 2017). Such a mandate deserves more attention from entrepreneurship scholars in various contexts with different levels of socioeconomic development.

As explained by Forje (2018), knowledge of entrepreneurship is at the core of sustainable economic development. This argument is already supported by seminal works of entrepreneurship scholars such as Kirzner, Schumpeter, and Knight. In addition, Gu and Wang (2022) have constructed an index for conceptualizing the phenomenon of sustainable entrepreneurship. It is promising that the concept of “sustainable economic development” has already been measured in various contexts. For instance, Sajuyigbe and Fadeyibi (2017) examined the concept in Nigeria, Naushad (2021) in Saudi Arabia, Mathur et al. (2018) in India, Jin et al. (2023) in China, and Rahman et al. (2023) in Japan. Zakari and Oluwaseyi Musibau (2023) devoted their attention to sustainable economic development in OECD countries. Also promising is that all the mentioned studies investigated the concept in question through an entrepreneurial lens.

Some recent studies have also referred to the sustainable economic development–entrepreneurship nexus. For instance, Ali et al. (2023) explored the role of bioenergy in an emerging economy. Moreover, Kaftan et al. (2023) studied the concept in the post-COVID-19 era. Chursin et al. (2023) investigated the concept at an organizational level, a field less scrutinized by previous entrepreneurship scholars.

To summarize, sustainable economic development conceptually extends beyond sustainable economic growth and includes qualitative and quantitative increases in various variables (Gryshova et al., 2019). These variables have already been partially elucidated in the literature related to economic development; however, the literature on sustainable economic development needs more contributions, especially those clarifying its connection with the domain of entrepreneurship. Therefore, this Special Issue is focused on exploring this phenomenon at multiple levels and through diverse lenses.

The suggested themes include (but are not limited to) the following:

  • Exploring and scrutinizing the sustainable economic development of entrepreneurs, entrepreneurial teams, firms, communities, and nations;
  • Exploring and investigating the entrepreneurship literature and revealing its relevance to sustainable development and the SDGs;
  • Exploring the overlap among the three areas, i.e., entrepreneurship, economic development, and sustainability;
  • Conducting [multiple] case studies to reveal how sustainable economic development can be realized.

In this Special Issue, original research articles and reviews are welcome.

We look forward to receiving your contributions.

References

  1. Ali, S., Yan, Q., Hu, J., Irfan, M., & Sun, H. (2023). Can bioenergy act as an entrepreneurial opportunity for the sustainable economic development of an emerging economy? A socio-technical approach. Environmental Science and Pollution Research, 30(43), 98106-98126.
  2. Chursin, A., Chupina, Z., Ostrovskaya, A., & Boginsky, A. (2023). The Creation of Fundamentally New Products as a Factor of Organizations’ Sustainable Economic Development. Sustainability, 15(12), 9747.
  3. Dana, L. P., Salamzadeh, A., Hadizadeh, M., Heydari, G., & Shamsoddin, S. (2022). Urban entrepreneurship and sustainable businesses in smart cities: Exploring the role of digital technologies. Sustainable Technology and Entrepreneurship, 1(2), 100016.
  4. Forje, L. C. (2018). Entrepreneurship knowledge: the core of sustainable economic development. Journal of Emerging Trends in Economics and Management Sciences, 9(5), 304-311.
  5. Gryshova, I., Shabatura, T., Girdzijauskas, S., Streimikiene, D., Ciegis, R., & Griesiene, I. (2019). The Paradox of Value and Economic Bubbles: New Insights for Sustainable Economic Development. Sustainability, 11(24), 6888.
  6. Gu, W., & Wang, J. (2022). Research on index construction of sustainable entrepreneurship and its impact on economic growth. Journal of Business Research, 142, 266-276.
  7. Hammawa, Y. M., & Hashim, N. B. (2016). Women-micro entrepreneurs and sustainable economic development in Nigeria. Journal of Business and Management Volume, 18, 27-36.
  8. Jin, H., Li, H., Zhao, T., & Pang, Y. (2023). Role of the sharing economy in the achievement of energy efficiency and sustainable economic development: Evidence from China. Journal of Innovation & Knowledge, 8(1), 100296.
  9. Kaftan, V., Kandalov, W., Molodtsov, I., Sherstobitova, A., & Strielkowski, W. (2023). Socio-Economic Stability and Sustainable Development in the Post-COVID Era: Lessons for the Business and Economic Leaders. Sustainability, 15(4), 2876.
  10. Kurotimi, M. F., Franklin, A., Aladei, G., & Helen, O. (2017). Entrepreneurship education as a 21st century strategy for economic growth and sustainable development. International Journal of Mechanical and Industrial Engineering, 11(9), 2242-2253.
  11. Mathur, S., Shukla, A., & Kukreja, J. (2018). Millennipreneurs’: The Emerging Paradigm to Sustainable Economic Development in India. Amity Journal of Entrepreneurship, 3(1), 35-65.
  12. Murniati, M., Maski, G., Noor, I., & Ekawaty, M. (2021). Entrepreneurship in the tourism industry: Implication on sustainable economic development. In Environmental, social, and governance perspectives on economic development in Asia (Vol. 29, pp. 137-156). Emerald Publishing Limited.
  13. Paramba, J. N., Salamzadeh, A., Karuthedath, S., & Rahman, M. M. (2023). Intellectual capital and sustainable startup performance: A bibliometric analysis. Heritage and Sustainable Development, 5(1), 19-32.
  14. Rahman, M. M., Uddin, M. A., & Masaru, I. (2023). Decomposition analysis of entrepreneurial activities in Japan: An international comparison. Journal of Global Entrepreneurship Research, 13(1), 10.
  15. Sajuyigbe, A. S., & Fadeyibi, I. O. (2017). Women entrepreneurship and sustainable economic development: Evidence from Nigeria. Journal of Entrepreneurship, Business and Economics, 5(2), 19-46.
  16. Salamzadeh, A., Hadizadeh, M., Rastgoo, N., Rahman, M. M., & Radfard, S. (2022). Sustainability-oriented innovation foresight in international new technology based firms. Sustainability, 14(20), 13501.
  17. Soleimani, M., Mollaei, E., Beinabaj, M. H., & Salamzadeh, A. (2023). Evaluating the enablers of green entrepreneurship in circular economy: Organizational enablers in focus. Sustainability, 15(14), 11253.
  18. Yakubu, B. N., Salamzadeh, A., Bouzari, P., Ebrahimi, P., & Fekete-Farkas, M. (2022). Identifying the key factors of sustainable entrepreneurship in the Nigerian food industry: The role of media availability. Entrepreneurial Business & Economics Review, 10(2).

Prof. Dr. Leo-Paul Dana
Dr. Aidin Salamzadeh
Guest Editors

Manuscript Submission Information

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Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • sustainable entrepreneurship
  • sustainability
  • sustainable economic development
  • entrepreneurship

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Published Papers (2 papers)

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32 pages, 1254 KiB  
Article
Evaluating the Influence of Environmental, Social, and Governance (ESG) Performance on Green Technology Innovation: Based on Chinese A-Share Listed Companies
by Kun Liang, Zhihong Cao, Sheng Tang, Chunguang Hu and Maomao Zhang
Sustainability 2025, 17(3), 1085; https://doi.org/10.3390/su17031085 - 28 Jan 2025
Viewed by 663
Abstract
In the context of the rapid development of the global economy, promoting corporate economic development while taking into account sustainable development has gradually become the focus of attention of countries around the world. The ESG performance reflects the differences in the assessment of [...] Read more.
In the context of the rapid development of the global economy, promoting corporate economic development while taking into account sustainable development has gradually become the focus of attention of countries around the world. The ESG performance reflects the differences in the assessment of enterprises’ sustainable development potential by capital market information intermediaries. These differences affect the internal governance and external financing of enterprises, thereby influencing corporate green innovation. This research is based on 1500 Shanghai-Shenzhen A-share listed companies in China from 2012 to 2022. Using green technology innovation quantity (GINUM) and green technology innovation quality (GICIT) as the measures of corporate green innovation capabilities, and by constructing a DiD model and a benchmark regression model, the dynamic relationship between ESG performance and green innovation is explored. At the same time, the mediation effect model is introduced to examine the impact of ESG performance on corporate green innovation capabilities from three perspectives: financing constraints, management’s green development awareness, and employee innovation efficiency. In addition, endogenous analysis methods and robustness test methods are employed to further ensure the reliability of the research results. The research findings show that ESG performance can significantly promote corporate green innovation capabilities. Heterogeneity analysis reveals that ESG performance significantly enhances the green technology innovation capabilities of enterprises, especially among non-state-owned small and medium-sized enterprises (SMEs) and enterprises in the eastern region. The regression coefficients for GINUM and GICIT are 0.019, 0.021, 0.084, and 0.086, respectively, all of which are statistically significant at the 1% level. The mechanism analysis shows that in terms of alleviating financing constraints, enhancing management’s green development awareness, and improving employee innovation efficiency, the regression coefficients of ESG performance for GINUM and GICIT are −1.559, −1.953, 0.018, 0.011, 0.427, and 0.495, respectively, indicating a certain promoting effect. The results of this study enrich and expand the relevant research on the relationship between ESG and corporate green innovation capabilities to a certain extent. This research is expected to provide some new practical directions for promoting green innovation capabilities within the ESG framework. Full article
(This article belongs to the Special Issue Research on Entrepreneurship and Sustainable Economic Development)
19 pages, 470 KiB  
Article
Entrepreneurship and Corporate ESG Performance—A Case Study of China’s A-Share Listed Companies
by Hanjin Xie, Zilong Qin and Jun Li
Sustainability 2024, 16(18), 7964; https://doi.org/10.3390/su16187964 - 12 Sep 2024
Cited by 2 | Viewed by 1849
Abstract
This paper examines the contemporary implications of entrepreneurship and utilizes panel data from Chinese A-share listed companies spanning 2011 to 2022. Based on the five aspects of Chinese entrepreneurship, namely “patriotism, courage to innovate, integrity and law-abiding, social responsibility, and international vision”, the [...] Read more.
This paper examines the contemporary implications of entrepreneurship and utilizes panel data from Chinese A-share listed companies spanning 2011 to 2022. Based on the five aspects of Chinese entrepreneurship, namely “patriotism, courage to innovate, integrity and law-abiding, social responsibility, and international vision”, the findings suggest that fostering entrepreneurship enhances the environmental, social, and governance (ESG) performance of firms. Mechanism analysis indicates that green technology innovation, social performance enhancement, and governance capability optimization mediate this relationship. Furthermore, factors such as corporate market power, regional marketization processes, and advancements in artificial intelligence technology influence the link between entrepreneurship and ESG performance. Robust entrepreneurship equips firms to navigate environmental uncertainties, but entrepreneurship cannot improve corporate governance performance. This article elucidates the distinctive significance of entrepreneurship, expanding the institutional economics research perspective, offering practical insights for cultivating entrepreneurship and elucidating potential determinants of corporate ESG performance. This article also provides spiritual guidance for sustainable development. Full article
(This article belongs to the Special Issue Research on Entrepreneurship and Sustainable Economic Development)
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