Exploring the nexus of green entrepreneurship and environment quality in selected Asian economies

Abstract

Purpose

This study examines the relationship between green entrepreneurship and environmental quality in selected Asian economies. The impact of green entrepreneurship dimensions, i.e. renewable energy utilization, innovation orientation, green funding and resource efficiency is empirically assessed on environmental quality. The research assists in opening the “black box” mechanism of how green entrepreneurship affects the environmental pillar of sustainability.

Design/methodology/approach

An analysis of 11 Asian countries is conducted over the period from 2000 to 2019, using panel regression techniques to examine the link between green entrepreneurship dimensions and environmental quality indicators.

Findings

The findings reveal that all four dimensions of green entrepreneurship have an inverse relationship with carbon emissions and ecological footprint while showing a positive relationship with the load capacity factor. This implies that green entrepreneurship contributes positively to environmental sustainability by enhancing the ecosystem’s resilience and capacity to support life.

Practical implications

We advocate for policymakers to prioritize green entrepreneurship to stimulate innovation for energy transition and environmental sustainability. Furthermore, creating a conducive atmosphere for green entrepreneurs can spur job creation, economic growth and societal well-being, thus fostering a more resilient and sustainable future for all.

Originality/value

In this study, we adopted a multidimensional approach for measuring green entrepreneurship, which represents an advancement over existing literature that predominantly relied on renewable energy consumption to gauge the green entrepreneurship phenomenon at the macro level.

Citation

Shivani, Sharma, S. and Singh, S. (2024), "Exploring the nexus of green entrepreneurship and environment quality in selected Asian economies", Management of Environmental Quality, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/MEQ-12-2023-0418