Search Results (9)

A significant portion of small and medium-sized enterprises (SMEs) are usually allocated to the construction sector, which plays a vital role in many economies. SMEs currently face serious concerns regarding the pursuit of sustainability. Limited financial resources (FRs) frequently prevent SMEs from implementing sustainable practices. Therefore, these enterprises should mitigate expenses to invest in environmentally friendly initiatives. Enhancing resources and developing ways to accelerate Turkish SMEs’ shift toward sustainability is vital. Moreover, adopting artificial intelligence (AI) and green innovation strategies (GISs) can boost sustainable competitive advantage (SCA) and lead them to success. This study utilized the natural resource-based view theory (NRBV), developed to compensate for the RBV’s shortcomings by incorporating the natural environment into the RBV’s framework. This study uses structural equation modeling (SEM) to examine the causal effect between the study variables based on the responses received from 228 executives within SMEs in Turkey’s construction sector. The findings of this study reveal that FRs significantly impact the SCA among SMEs, while GIS serves as a mediator in the relationship. Additionally, the moderating impact of AI adoption promotes sustainability development in this industry. This study is significant because it contributes to the body of knowledge regarding the relationship between the study’s constructs that align with Sustainable Development Goal 9 (Industry, Innovation, and Infrastructure), presented by the United Nations in 2015. This goal promotes robust infrastructure, encourages sustainable and inclusive industrialization, and stimulates innovation in the SME construction industry. Although these variables have been studied individually in previous studies, this study integrates them into a thorough framework that emphasizes the function of GIS as a mediator in the relationship between FRs and SCA, and the interaction effect of AI adoption. This study offers useful information to managers, stakeholders, politicians, and SME leaders, enabling them to make well-informed decisions about sustainable practices. Full article

Digitalisation has significantly increased cybersecurity risks in organisations, notably for small to medium-sized enterprises (SMEs), in which IT departments often have relatively small teams and limited resources. Cyber insurance enables SMEs to navigate cybersecurity risks more economically, providing an essential risk transfer alternative to costly reduction strategies. This article examines the antecedents, emergence, and application of cyber insurance as a solution to cybersecurity concerns against the backdrop of increasing digitalisation. The research adopts a quantitative deductive approach, with an analysis of relevant literature providing the basis for the development of 12 hypotheses, which are then tested via a survey of 168 SMEs in Turkey. Using the Technology–Organisation–Environment–Individual (TOE-I) model as a top-line conceptual framework, the article finds that cyber insurance policy adoption has facilitated a more rapid and secure digitalisation process and that the mitigation of financial risk associated with cyberattacks has allowed companies to invest more widely in information technologies and systems. The article clearly has its limitations, in that it is based on primary research in one European country, but the authors believe that it nevertheless provides some new insights into the potential benefits of cyber insurance, and the key issues SMEs must consider when considering adopting a cyber insurance policy. The findings will be of practical relevance to SMEs and other organisations reviewing their cybersecurity strategy and are also of relevance to the wider debate around the costs and benefits of digitalisation. Full article

Small and medium-sized enterprises (SMEs) are pivotal in driving economic growth and sustainability, necessitating a strategic focus on innovation and knowledge application to navigate dynamic markets effectively. Grounded in the Natural Resource-Based View (NRBV) and Knowledge-Based View (KBV) theories, this study investigates the interplay between sustainability innovation, knowledge application, environmental awareness, and entrepreneurial success among SMEs in Turkey. The research adopts a cross-sectional design, using purposive sampling to survey 402 SME owners and managers from Istanbul and Ankara. Data were collected via electronic surveys and analyzed using SPSS and AMOS to validate the measurement model and test hypotheses through the PROCESS macro for mediation and moderated mediation analysis. The findings reveal that sustainability innovation significantly enhances entrepreneurial success by allowing businesses to develop products and services that address environmental and social concerns. Essentially, by integrating sustainability innovation, entrepreneurs create a growing market demand for eco-conscious solutions. Moreover, knowledge application positively influences entrepreneurial success and mediates the relationship between sustainability innovation and entrepreneurial success. Environmental awareness moderates this mediation, with the indirect effect being stronger for SMEs with higher environmental awareness. These results underscore the critical role of integrating sustainability and knowledge-driven strategies in achieving entrepreneurial success. Practical implications include fostering eco-innovation, enhancing knowledge-sharing practices, and promoting environmental awareness to achieve sustainable business growth and competitiveness in resource-constrained environments. This research provides actionable insights for policymakers and practitioners to support sustainable entrepreneurship. Full article

Modern workplaces increasingly use algorithmic management practices (AMPs), which shape task assignment, monitoring, and evaluation. Despite the potential benefits these practices offer, like increased efficiency and objectivity, their impact on workforce well-being (WFW) has raised concerns. Drawing on self-determination theory (SDT) and conservation of resources theory (COR), this study examines the relationship between algorithmic management practices and workforce well-being, incorporating job burnout (JBO) and perceived threat (PT) as parallel mediators and person–job fit (PJF) as a moderator. The research employed a cross-sectional survey design targeting 2450 KOSGEB-registered manufacturing SMEs in Istanbul, Turkey. A sample of 666 respondents participated, and the data were analyzed using Smart PLS 4, employing structural equation modeling to test the proposed model. The results indicated that algorithmic management practices significantly increased job burnout and perceived threat, both of which negatively impacted workforce well-being. However, the direct effect of algorithmic management practices on workforce well-being was non-significant. Person–job fit moderated the relationships between algorithmic management practices and both job burnout and perceived threat, further influencing workforce well-being. The findings underscore the critical need for organizations to balance algorithmic efficiency with human-centric practices. Prioritizing person–job fit and fostering transparency in algorithmic processes can mitigate negative impacts, enhance employee well-being, and drive sustainable organizational success in the digital age. Full article

With the appearance of rising environmental challenges, businesses are increasingly recognizing the imperative of adopting sustainable practices. Within this context, the concept of green entrepreneurship has emerged as a pivotal force driving environmentally responsible innovation and economic growth. Employing Green Theory, this study examines the impact of green entrepreneurship (GEN) on business sustainability (BS) through the mediation role of green structural capital (GSC) and the moderation influence of environmental dynamism (ED). Using a quantitative research approach, 443 owners and managers of small and medium-sized enterprises (SMEs) (e.g., wholesale and retail trade, manufacturing, building materials, and scientific, professional, and technical activity enterprises) in Istanbul and Izmir, Turkey, were surveyed using both on site and electronic questionnaires. The data from the study were statistically analyzed using SPSS V.27 and structural equation modeling (SEM). The findings of this study show that green entrepreneurship (GEN) significantly enhances business sustainability (BS) and green structural capital (GSC), with GSC serving as a vital mediator in the GEN-BS relationship; however, environmental dynamism (ED) does negatively moderate the GEN-BS relationship, indicating that GEN’s positive impact on BS is accentuated under lower environmental uncertainties. Additionally, ED’s moderation effect is observed in the GEN-BS relationship via GSC, particularly under conditions of reduced dynamism, underscoring the nuanced role of environmental factors in sustainable entrepreneurship. The findings demonstrate green entrepreneurship and structural capital as key drivers for SME sustainability amidst environmental fluctuations. Full article

Numerous researchers have investigated the concept of green absorptive capacity, but relatively few studies have been performed on its antecedents. The objective of the present research was to develop and empirically test a theoretical model, which analyzes how green transformational leadership and the (internal and external) environmental orientation of business owner–managers in small- and medium-sized enterprises (SMEs) affect green absorptive capacity. The data were collected from 373 SMEs with an ISO 14001 certificate in Turkey’s manufacturing industry by the survey method. The data were examined in the SmartPLS 3 analysis program to analyze the hypotheses. According to the research findings, the green transformational leadership of business owner–managers in SMEs and (internal and external) environmental orientation significantly influence the green absorptive capacity. The findings also revealed that (internal and external) environmental orientation partially mediates the correlation between the green transformational leadership and green absorptive capacity. Hence, this research presented new information on how green transformational leadership and the (internal and external) environmental orientation of business owner–managers improve green absorptive capacity in SMEs. Full article

This study contributes to sustainable finance literature by exemplifying promotion of sustainable finance through fintech solutions for emerging market economies by presenting the case of Turkey. Turkey is one of the largest emerging market economies in the world with a strong banking system and high adoption of technology, so it has great potential to benefit from fintech solutions to boost sustainable finance. For the case analysis, the data used came from a research platform for a Turkish start-up ecosystem, Turkish regulations, and documents released on Turkey’s sustainable finance strategies by Turkish and international institutions. We found that Turkey has made remarkable progress in increasing financial inclusivity for underbanked individuals and SMEs via providing contactless payment and contract systems and microfinance by mobile carriers and other online platforms. Turkey was also able to promote the responsible consumption goal for sustainable development by improving fintech solutions on payment systems with educational content on this goal. With upcoming developments such as the sandbox environment in Istanbul Financial Center, fintech solutions using Big Data, AI, and blockchain could emerge much faster with collaboration between banking and fintech sectors and regulatory institutions to better assess climate-related financial risks and form a national carbon trading mechanism. Full article

In this article, we examine how external factors such as demand, security regulation, cyber risks, and relative performance influence supply chain risk management (SCRM) in young and mature small and medium-sized enterprises (SMEs) in Turkey. For this, we utilised fuzzy set qualitative comparative analysis (fsQCA) using data from 137 Turkish SMEs. Our results suggest a single significant path for explaining SCRM in young SMEs, while we found three significant paths for explaining SCRM in mature SMEs. Furthermore, the results indicate that demand risk is the only external factor for young SMEs to realise SCRM success. For mature SMEs, demand risk and/or relative performance are essential to explain SCRM performance. Based on our findings, we theoretically contribute by unravelling the pathways through which external factors influence SCRM performance. Moreover, practitioners could align their strategies towards these pathways when constructing a strategy for achieving SCRM performance. Full article

The study aims to contribute to the literature by empirically examining the relationship between small and medium sized enterprises’ (SMEs) mission statements and their performance in sustainable strategy formulation. Although it seems that there is a relatively vast amount of research with regard to mission statements of companies, very few studies have focused on the relationship between mission statements and performance. When these few studies are taken into consideration, it is difficult to reach any overall conclusion since their findings are mixed and inconclusive. To achieve this aim, 3034 SMEs operating in organized industrial zones in Turkey were examined via a survey approach. In order to investigate the relationships among the variables, nine categories of mission statements as independent variables and four performance indicators (financial, market, production, and overall) as dependent variables were analyzed through logistic regression. This study identified three mission components, (1) survival, growth, and profit; (2) philosophy and values; and (3) public image, as the common independent variables in explaining the performance of SMEs. Survival, growth, and profit is the most frequently observed mission component regardless of the subsector differentiation in the entire sample, which reflects the significance of business sustainability for SMEs in the Turkish manufacturing context. Besides, among all performance indicators, SMEs’ market performance was found to be the lowest when compared to other performance indicators (financial, production, overall). Although the firms were placed in different manufacturing subsectors, similar mission statements were highlighted so that the discourse similarity might be considered as evidence of isomorphism characteristics for SMEs. Full article