Sustainability orientation and firm growth as ventures mature

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dc.contributor.authorChistov, Valery
dc.contributor.authorAramburu Goya, Nekane
dc.contributor.authorFabra Florit, María Eugenia
dc.contributor.authorPeña Legazkue, Iñaki
dc.contributor.authorWeritz, Pauline
dc.date.accessioned2025-07-11T11:22:07Z
dc.date.available2025-07-11T11:22:07Z
dc.date.issued2023-04-08
dc.date.updated2025-07-11T11:22:07Z
dc.description.abstractThis article revisits the dilemma between sustainability orientation and a firm's growth along the stages of the entrepreneurial process. We draw upon the recent research on sustainable entrepreneurship to determine whether entrepreneurial ventures can pursue sustainability objectives and still grow in terms of turnover and employment. Based on the data of 2 370 firms, we conclude that the relationship between sustainability orientation and a venture's growth is not straightforward. The results show that the stage of the entrepreneurship life cycle matters and that only the introduction of sustainability objectives in the mature stage of the entrepreneurial process (rather than during the early stage) significantly increases the likelihood of such ventures growing. We also find empirical evidence against combining environmental and social dimensions under one umbrella of sustainability, as each of these dimensions demonstrated distinctive behavior in our models. While our results show the importance of innovation for the firm's growth, it is not evident that it exerts any significant moderation effect on the relationship between sustainability orientation and a venture's growth. These findings provide insightful evidence for policymakers about the intrinsic difficulty of reconciling sustainability and economic objectives at the early stages of the process of entrepreneurship and also about the need to differentiate the multiple meanings and forms of sustainability orientation.en
dc.description.sponsorshipUniversity of Deusto; Department ofEducation of the Basque Government,Grant/Award Number: IT-1050-16; Ministry ofScience and Innovation of Spain, Grant/AwardNumber: PID2020-114658RB-I00; AristosCampus Mundusen
dc.identifier.citationChistov, V., Aramburu, N., Florit, M. E. F., Peña-Legazkue, I., & Weritz, P. (2023). Sustainability orientation and firm growth as ventures mature. Business Strategy and the Environment, 32(8), 5314-5331. https://doi.org/10.1002/BSE.3418
dc.identifier.doi10.1002/BSE.3418
dc.identifier.eissn1099-0836
dc.identifier.issn0964-4733
dc.identifier.urihttps://hdl.handle.net/20.500.14454/3207
dc.language.isoeng
dc.publisherJohn Wiley and Sons Ltd
dc.rights© 2023 The Authors
dc.subject.otherEarly stage
dc.subject.otherEnvironmental orientation
dc.subject.otherGrowth
dc.subject.otherInnovation
dc.subject.otherLife cycle
dc.subject.otherMature stage
dc.subject.otherSocial orientation
dc.subject.otherSustainability orientation
dc.subject.otherSustainable entrepreneurship
dc.titleSustainability orientation and firm growth as ventures matureen
dc.typejournal article
dcterms.accessRightsopen access
oaire.citation.endPage5331
oaire.citation.issue8
oaire.citation.startPage5314
oaire.citation.titleBusiness Strategy and the Environment
oaire.citation.volume32
oaire.licenseConditionhttps://creativecommons.org/licenses/by-nc-nd/4.0/
oaire.versionVoR
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