Greening of SMEs in Western Balkan countries: Evidence from firm-level analysis
The primary objective of this paper is to explore the determining factors and challenges that SMEs face in implementing green measures. A key focus is on identifying which SMEs, as key players in the enterprise sector, could potentially play a dynamic role in the green transition in the Wes...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics, Belgrade
2024-01-01
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| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | https://doiserbia.nb.rs/img/doi/0013-3264/2024/0013-32642443007V.pdf |
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| Summary: | The primary objective of this paper is to explore the determining factors and
challenges that SMEs face in implementing green measures. A key focus is on
identifying which SMEs, as key players in the enterprise sector, could
potentially play a dynamic role in the green transition in the Western
Balkan countries. To achieve this, a multinomial logit analysis was
conducted on a sample of 1,160 firms from Montenegro, Serbia, North
Macedonia, Bosnia and Herzegovina, and Albania. The results obtained reveal
that internal factors (such as innovation and strategic orientation) and
external factors (such as regulatory pressures and competition)
significantly influence the adoption of green measures, particularly those
that are more capital-intensive. The paper contributes to the literature by
highlighting the complex interplay among firm characteristics, external
factors, and the adoption of green practices. |
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| ISSN: | 0013-3264 1820-7375 |