Assessing the performance of sustainable entrepreneurship and environmental corporate social responsibility: revisited environmental nexus from business firms.

Abstract

Society is currently contemplating sustainable growth strategies, which have become somewhat apprehensive by associating entrepreneurship, innovation, and sustainable development. In this perspective, this article's objective is to connect sustainable development to environmentally sensitive entrepreneurship via scientific proof of developing nations. Therefore, this research objective is to confirm the hypothesis of corporate social responsibility (CSR) to confirm that Pakistan achieves its objectives for sustainable development. The combined average estimator and pooled mean group (PMG) model of the self-release lag model determines a lengthy-term combination of factors and environmental analysis in the Kuznets. We can see the U-shaped ecological arcs in Pakistan. Further results show that the pooled mean group autoregressive distributed lag (PMG-ARDL) estimator has a long-term relationship. This indicates that a 1% rise in per-capita income at some stage of industrial growth will reduce environmental emissions by 2.88%, 4.54%, and 2.48%. The results show that (1) CSR has a substantial and robust link to the two factors of organizational success (employee engagement and credibility); (ii) respectively socio-cultural and ecological CSR make a positive contribution to the success of Pakistani companies; (iii) the ecological dimensions of CSR being the essential relevance to Pakistani companies' credibility and engagement of employees. This research attempts to include additional analytical information on the contribution of CSR to profitable growth. This also has academic and empirical ramifications, showing how domestic and international companies in developing countries can do CSR. This research is expected to give guidance to policymakers.