Analysis of the Effects of Environmental Entrepreneurship on Sustainable Development among Small and Medium Enterprises in Lusaka’s Central Business District (CBD)
Journal Title: Journal of Economics, Finance and Management Studies - Year 2024, Vol 7, Issue 04
Abstract
Currently, there is a pressing need for entrepreneurs to adopt environmentally friendly strategies, technologies, and products that will result into sustainable solutions to problems of the day. This study was adopted to analyze the effects of environmental entrepreneurship on sustainable development among small and medium enterprises in Lusaka’s CBD. A sample of 278 respondents was selected using the Cochran formula which resulted into a response rate of 91% with 252 respondents. A mixed methodology approach was used and data was analyzed through the use of SPSS from which correlation and a summary of coefficient were used to measure the relationship among variables. The overall coefficient of correlation of 0.947 from the SPSS results suggests that there is a strong positive relationship between the variables under observation in relation to sustainable development among SMEs with regards to environmental entrepreneurship strategies which are: environmental efficacy, and environmental innovation. The R-Square (coefficient of determination) of 0.897 suggests that sustainable development is influenced 89.7% by the independent variables observed.
Authors and Affiliations
Sepo Kazhila, Eng. Dr. Richard Kasongo Mwale,
Keywords
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- EP ID EP733983
- DOI 10.47191/jefms/v7-i4-19
- Views 94
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