Supportive tactics for innovative and sustainability performance in emerging SMEs

Financial Innovation

Rizwan Ullah¹  Ma Degong²  Saddam Hussain³  Farid Ullah⁴  Muhammad Anwar⁵ 

[1] Capital University of Science and Technology, Islamabad, Pakistan;Head of Financial Engineering Department, School of Economics, Sichuan University, Chengdu, China;Institute of Management Studies, University of Peshawar, Peshawar, Pakistan;School of Economics, Sichuan University, Chengdu, China;Department of Economics, ROKHAN Institute of Higher Education, Jalalabad, Afghanistan;Witten Institute for Family Business, Witten/Herdecke University, Witten, Germany;

关键词: Domestic finance;    Government support;    International finance;    Foreign direct investment;    Innovative performance;    Sustainability;    SMEs;   

DOI  :  10.1186/s40854-021-00284-8

来源: Springer

【 摘 要 】

For this research, we examined the influence of access to domestic and international financing on sustainability performance with a mediating role of innovative performance and a moderating role of access to government support. Data were collected from 317 small and medium-sized enterprises (SMEs) through structured questionnaires. The results indicated that access to domestic and international financing significantly contributes to sustainability and innovative performances. Accordingly, we found a partial mediating role of innovative performance between access to domestic financing and sustainability performance as well as between access to international financing and sustainability performance. Access to government support significantly moderates the relationship between access to domestic finances and innovative performance as well as between access to international finances and innovative performance. Practitioners and policymakers should encourage national and international financial institutions and banks to facilitate SMEs by lending them funds for innovative activities and sustainability performance. Moreover, the government should support SMEs, so that they can contribute to economic growth and the gross domestic product. The implications from these matters will be further discussed in this paper.

【 授权许可】

CC BY