A meta-analysis of green and sustainable business models: A comprehensive approach

Abstract

Sustainable development is an essential purpose behind formulation of government policies because of its contribution to socio-economic and environmental well-being. The research conducted over the last few decades have emphasized that green and sustainable enterprises support this. As a result, it is imperative to ascertain the link between green and sustainable entrepreneurship and sustainable development. Thus, this study aims to examine how green entrepreneurship relates to the sustainable development and growth of a sustainable enterprise. It further studies the relationship between independent variables (economic (ECD), social (SD), strategic sustainability (SSD), and environment development (ED) with dependent variables (green (GE), sustainable entrepreneurship (SE), and sustainable development (SDG). Cause and effect relationship used to develop a conceptual model, and random-effect meta-analytic structural equation modeling (meta-SEM) used to evaluate latent relationships between this relationship. The work also analyses how ventures properties (venture age, venture size, and venture types) have moderating effects on this relationship. Secondary data used and data obtained from prior research publications. This study contains a comprehensive analysis of the sustainability literature, including one additional dimension with the current three dimensions of sustainability in a unified framework, and expanding its relationship with green and sustainable business. The study also provides significant theoretical contributions and implications for entrepreneurship and sustainability literature.