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The Influence of Green Entrepreneurship on Sustainable Development in Saudi Arabia: The Role of Formal Institutions

Author

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  • Wafa Alwakid

    (Department of Business, Universitat Autònoma de Barcelona, Edifici B Campus UAB, Bellaterra (Cerdanyola del Vallès), 08193 Barcelona, Spain
    Department of Business Administration, Jouf University, Al Jouf 75471, Saudi Arabia)

  • Sebastian Aparicio

    (Durham University Business School, Durham University, Mill Hill Lane, Durham DH1 3LB, UK
    Fundación ECSIM, Medellin 050010, Colombia)

  • David Urbano

    (Department of Business and Centre for Entrepreneurship and Social Innovation Research (CREIS), Universitat Autònoma de Barcelona, Edifici B Campus UAB, Bellaterra (Cerdanyola del Vallès), 08193 Barcelona, Spain)

Abstract
This study explores the influence of green entrepreneurial activity on sustainable development, using institutional economics as a theoretical framework. Also, the role of entrepreneurship policy is analysed in the context of Saudi Arabia. Using information from the General Authority for Statistics from 13 Saudi Arabian cities, the main findings show that green entrepreneurship positively contributes to the economic, social, and environmental components of sustainable development during the period 2012–2017. These results demonstrate a measurable indication of sustainable development outcomes, whereby Saudi Arabian institutions align entrepreneurial activities with a positive triple bottom line effect. Accordingly, these findings contribute new evidence to justify government commitment to supporting green entrepreneurship in Saudi Arabia and encourage future domestic policies.

Suggested Citation

  • Wafa Alwakid & Sebastian Aparicio & David Urbano, 2021. "The Influence of Green Entrepreneurship on Sustainable Development in Saudi Arabia: The Role of Formal Institutions," IJERPH, MDPI, vol. 18(10), pages 1-23, May.
    • Handle: RePEc:gam:jijerp:v:18:y:2021:i:10:p:5433-:d:557845
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    References listed on IDEAS

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    6. Abdullah Almuqrin & Ibrahim Mutambik & Abdulaziz Alomran & Justin Zuopeng Zhang, 2023. "Information System Success for Organizational Sustainability: Exploring the Public Institutions in Saudi Arabia," Sustainability, MDPI, vol. 15(12), pages 1-25, June.
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    8. Elisabeth S. C. Berger & Christine Blanka, 2024. "Comprehensive and multifaceted perspectives on sustainability, urban studies, and entrepreneurship," Small Business Economics, Springer, vol. 62(2), pages 471-501, February.
    9. Khaled Tekala & Sarvnaz Baradarani & Ahmad Alzubi & Ayşen Berberoğlu, 2024. "Green Entrepreneurship for Business Sustainability: Do Environmental Dynamism and Green Structural Capital Matter?," Sustainability, MDPI, vol. 16(13), pages 1-24, June.
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