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The Influence of Green Entrepreneurship on Sustainable Development in Saudi Arabia: The Role of Formal Institutions

Wafa AlwakidDepartment of Business Administration, Jouf University, Al Jouf 75471, Saudi ArabiaSebastián AparicioDurham University Business School, Durham University, Mill Hill Lane, Durham DH1 3LB, UKDavid UrbanoDepartment of Business and Centre for Entrepreneurship and Social Innovation Research (CREIS), Universitat Autònoma de Barcelona, Edifici B Campus UAB, Bellaterra (Cerdanyola del Vallès), 08193 Barcelona, Spain

2021en

ABI

Annotatsiya

This study explores the influence of green entrepreneurial activity on sustainable development, using institutional economics as a theoretical framework. Also, the role of entrepreneurship policy is analysed in the context of Saudi Arabia. Using information from the General Authority for Statistics from 13 Saudi Arabian cities, the main findings show that green entrepreneurship positively contributes to the economic, social, and environmental components of sustainable development during the period 2012-2017. These results demonstrate a measurable indication of sustainable development outcomes, whereby Saudi Arabian institutions align entrepreneurial activities with a positive triple bottom line effect. Accordingly, these findings contribute new evidence to justify government commitment to supporting green entrepreneurship in Saudi Arabia and encourage future domestic policies.

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Identifikatorlar

DOI: 10.3390/ijerph18105433

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