Stakeholder pressure, circular economy, and SME performance: The role of green innovation in emerging markets

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dc.contributor.authorTu, Thuan Minh
dc.contributor.authorNguyen, Phuong Ngoc-Duy
dc.contributor.authorNguyen, Quan Hong
dc.contributor.authorPhan, Ho Hai
dc.contributor.authorNguyen, Phuong Kieu Lan
dc.date.accessioned2025-10-01T09:55:46Z
dc.date.available2025-10-01T09:55:46Z
dc.date.issued2025
dc.description.abstract-translatedAddressing the factors influencing small and medium-sized enterprises (SMEs) to implement environmentally friendly manufacturing processes and how they affect their performance is essential for both researchers and practitioners. While the literature has extensively investigated the economic and environmental aspects of the circular approach, it lacks empirical evidence regarding the societal considerations of the circular economy (CE). Using 381 valid responses of SME managers in Vietnam, we employed a quantitative methodology to investigate how stakeholder pressure (STP) and the moderating effect of green innovation (GE) affect CE practices (CEP), which accordingly influence corporate social responsibility participation (CSRP) and sustainable firm performance (SFP). The results revealed a positive correlation between STP, CEP, CSRP and SFP. The findings further indicate that GE moderates the link between CEP, CSRP and SFP. This study contributes significantly to CE literature by investigating the impact of CEP on sustainable performance in developing countries. It also provides a theoretical framework utilizing RBV theory, stakeholder theory, and network theory to promote CEP. Subsequently, this study sheds light on the importance of stakeholder pressure and green innovation in promoting CE practices and achieving greater sustainable performance within SMEs in emerging markets. Furthermore, the findings of this study present several implications for managers and policymakers as these insights can be utilized to formulate strategies and public policies aimed at bolstering support and advancement for CEP.en
dc.format17 s.
dc.format17 s.cs
dc.identifier.doihttps://doi.org/10.15240/tul/001/2025-3-015
dc.identifier.issn2336-5604 (Online)
dc.identifier.issn1212-3609 (Print)
dc.identifier.urihttp://hdl.handle.net/11025/62887
dc.language.isoenen
dc.publisherTechnická univerzita v Libercics
dc.rights© CC BY-NC 4.0en
dc.rights.accessopenAccessen
dc.subjectpostupy oběhového hospodářstvícs
dc.subjecttlak zúčastněných strancs
dc.subjectzelené inovacecs
dc.subjectudržitelná výkonnost firemcs
dc.subject.translatedcircular economy practicesen
dc.subject.translatedstakeholder pressureen
dc.subject.translatedgreen innovationen
dc.subject.translatedsustainable firm performanceen
dc.titleStakeholder pressure, circular economy, and SME performance: The role of green innovation in emerging marketsen
dc.typečlánekcs
dc.typearticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
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local.files.size650413*
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