Impact of Ecological Innovation, Entrepreneurial Self-Efficacy and Entrepreneurial Orientation on Environmental Performance and Energy Efficiency

Umair Ahmed, Soleman Mozammel, Fazluz Zaman

Abstract


The rise in environmental regulation also enforced several limitations on organizations to follow the globally accepted business activities and incentivize firms for implementing eco-friendly business methods. Keeping in mind, the current study seeks to analyze the ecological aspects of them by identifying the relationship of ecological innovation, entrepreneurial orientation and entrepreneurial self-efficacy in affecting a firm’s energy efficiency and environmental performance. The findings of structural equation modelling ensure that all chosen factors have a significant and positive influence on energy efficiency and environmental performance of SMEs in Malaysia. Furthermore, the findings of structural equation modelling recommended that ecological innovation, entrepreneurial orientation and entrepreneurial self-efficacy have a positive and significantly influenced on energy efficiency and environmental performance. Technical speaking, the results confirm that the ecological innovation, entrepreneurial orientation and entrepreneurial self-efficacy are the key contributors to enhance the energy efficiency and environmental performance of SMEs in Malaysia.

Keywords: Ecological innovation, entrepreneurial orientation, energy efficiency, environmental performance, Malaysia

JEL Classifications: L26, Q00, L25

DOI: https://doi.org/10.32479/ijeep.9227


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