Sustainability | Free Full-Text | The Relationship between Sustainable Development Practices and Financial Performance: A Case Study of Textile Firms in Vietnam

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Sustainable growth practices have develop into crucial for corporations to transcend short-term profitability, in direction of financial, environmental and social sustainability. This analysis goals to look at the connection between a agency’s sustainable growth practices and its monetary efficiency. Modelled as a multidimensional assemble, sustainable growth practices are represented by environmental practices, social practices within the office and social practices in the neighborhood, whereas monetary efficiency is decided by profitability and progress. Utilizing a combined technique survey, information have been obtained from 389 textile corporations in Vietnam, the place there’s a dire want to advertise sustainable and environmental practices. Knowledge evaluation utilizing partial least squares structural equation modeling demonstrates that sustainable growth practices positively have an effect on monetary efficiency straight and not directly through buyer loyalty, worker satisfaction and company popularity. The findings additionally reveal the moderating function of entrepreneurial orientation, whereby the affect of sustainable growth practices on monetary efficiency is stronger for corporations which can be extra revolutionary, proactive and prepared to take dangers. Taken collectively, these findings present assist for corporations to holistically implement sustainable growth practices and undertake an entrepreneurial orientation.



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