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The Effect of Emerging Green Market on Green Entrepreneurship and Sustainable Development in Knowledge-Based Companies

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Lotfi, Maryam, Yousefi, Akram, Jafari, Soheil·2018·Sustainability

DOI 10.3390/su10072308

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Abstract

Environmental concerns, as well as consumers’ awareness of buying green or environmentally-friendly products, has a positive impact on the emergence of the green market. The emerging green market brings many opportunities in different fields. Today, the issue of green entrepreneurship and sustainable development aim at producing environmentally-friendly products. This is indeed welcomed in the emerging green market. The publicly available research studies that investigate how green entrepreneurship, sustainable development, and emerging green markets are interconnected with each other are limited. More specifically, the impact of the green market on green entrepreneurship and sustainable development has not yet been studied completely. Therefore, a comprehensive research model has been developed in this paper based on the literature. The developed model is then tested using IBM SPSS Statistics for Windows, Version 19. IBM Corp.: Armonk, NY, USA and Smart-PLS Version 2 based on the data collected via a survey from a sample of knowledge-based companies in the Science & Technology Park of Tehran University. The results of the research indicate a positive and significant effect of the emergence of the green market on green entrepreneurship and sustainable development in knowledge-based companies. Moreover, the impact of the green entrepreneurship structure on sustainable development has been studied and the result presents that green entrepreneurship has a positive and significant effect on sustainable development.

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Authors: Lotfi, M., Yousefi, A., & Jafari, S.
Affiliations: Cardiff University (GB)
Islamic Azad University, Tehran (IR)
Cranfield University (GB)
Corresponding author: Lotfi, Maryam
ORCID: Lotfi, Maryam
Jafari, Soheil
Venue: Sustainability
Publisher: MDPI AG
Published: 2018-07-04
Volume: 10
Issue: 7
Pages: 2308
ISSN: 2071-1050 (ISSN-L)
DOI: 10.3390/su10072308
OpenAlex: W2811309465
Cited by: 183
References: 27
Citations by year: 2026: 16 · 2025: 25 · 2024: 30 · 2023: 37 · 2022: 36 · 2021: 20 · 2020: 11 · 2019: 7
FWCI: 17.02
Type: journal article
Language: en
Open access: gold
dx.doi.org
Licence: cc-by
creativecommons.org/licenses/by/4.0/ (vor)
Locations: Sustainability (publishedVersion, cc-by)
ORCA Online Research @Cardiff (Cardiff University) (acceptedVersion)
RePEc: Research Papers in Economics (submittedVersion)
DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
CERES (Cranfield University) (submittedVersion, cc-by)
Topics: Social Sciences › Business, Management and Accounting › Marketing › Environmental Sustainability in Business
Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Sustainability and Innovation in Business
Social Sciences › Business, Management and Accounting › Management of Technology and Innovation › Entrepreneurship Studies and Influences
Keywords: green markets, green entrepreneurship, sustainable development, knowledge-based companies, sustainable products, science parks

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The Effect of Emerging Green Market on Green Entrepreneurship and Sustainable Development in Knowledge-Based Companies

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