Title: The permanence of sustainable entrepreneurship: a panel data analysis for 48 countries

Authors: Elba Patricia Benavides-Sánchez; Ismael Moya-Clemente; Gabriela Ribes-Giner; José Ernesto Amorós

Addresses: Departamento de Organización de Empresas, Universitat Politècnica de València, Camino de Vera s/n 46022, Spain; Facultad de Ciencias Económicas, Universidad Central del Ecuador, Av. Universitaria 170129, Ecuador ' Departamento de Economía y Ciencias Sociales, Universitat Politècnica Valencia, Camino de Vera s/n 46022, Spain ' Departamento de Organización de Empresas, Universitat Politècnica Valencia, Camino de Vera s/n 46022, Spain ' EGADE Business School, Tecnológico de Monterrey, Av. Carlos Lazo 100, Santa Fe, 01389, Mexico City, Mexico; Facultad de Economía y Negocios, Universidad del Desarrollo, Av. Plaza 680, 7610615 Las Condes, Región Metropolitana, Chile

Abstract: This study adopts a holistic approach with multiple variables related to sustainable strategy (innovation, timeliness, responsibility, quality, creativity and capability) for the permanence of established firms (EBO). An unbalanced fixed-effects panel data model is used to analyse the relationship between sustainable strategy variables in 48 countries between 2015 and 2021 with the permanence of EBO. The results reveal that innovation indicators have no significant relationship with EBO permanence, while aligning with sustainable development goals, entrepreneurial behaviour and attitudes and entrepreneurial framework conditions has a positive effect on EBO permanence. These results expand the understanding of the role of sustainable strategy in the permanence of EBO and offer valuable information for policy makers, entrepreneurs and academics interested in fostering the long-term sustainability of sustainable entrepreneurship.

Keywords: sustainable strategy; innovation; opportunity; responsibility; quality; creativity; capacity; established business ownership; sustainable entrepreneurship; entrepreneurial behaviour and attitudes; entrepreneurial framework conditions; sustainable development goals; SDGs.

DOI: 10.1504/IJEV.2024.142408

International Journal of Entrepreneurial Venturing, 2024 Vol.16 No.3, pp.362 - 392

Received: 03 Nov 2023
Accepted: 21 Aug 2024
Published online: 29 Oct 2024 *

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