Sustainability Performance Analysis of Small and Medium Sized Enterprises:Criteria, Methods and Framework


Small and medium sized enterprises (SMEs) play an important role in any economy as they contribute to GDP and employment. However, sustainability (right combination of economic, environmental and social) of SMEs is a major concern as they prioritize economic performance over environmental and social to remain competitive. Majority of prior researches on SMEs' sustainability either look at the impact of a few limited enablers (e.g. lean, green, innovation etc.) on sustainability performance or the effect of pressures and barriers on the sustainability performance. There is a clear gap of a holistic and robust framework for sustainability performance analysis in order to measure and improve sustainability performance. This research bridges this knowledge gap by addressing two research questions – what practice and performance criteria are being considered for sustainability performance analysis in a broad environmental, economic and social context, how are they related, and what methods are being used to derive the relationship between sustainability practices and performance. These research questions are addressed through a systematic literature review of 58 papers, published between 2005 and 2018 in leading journals. First, an objective content analysis is undertaken in order to identify sustainability practices and performance criteria along with their frequency of usage in prior research. Second, the correlation among the variables is studied. Third, the methods for analyzing the relationships of the criteria are identified. Finally, a framework for analysing correlation of SMEs’ sustainability practices and performance in order to measure and improve performance using statistical modeling approach is proposed.

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Divisions: College of Business and Social Sciences > Aston Business School > Operations & Information Management
College of Business and Social Sciences > Aston Business School > Aston India Foundation for Applied Research
College of Business and Social Sciences > Aston Business School
Additional Information: © 2020, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Funding: This research has received funding from the European Union’s Horizon 2020 research and innovation programme under the Marie Sklodowska-Curie Grant Agreement No. 788692.
Uncontrolled Keywords: Drivers,Literature review,Performance,Practices,Small and medium enterprises,Statistical modeling,Sustainability,Geography, Planning and Development,Economics and Econometrics,Strategy and Management,Statistics, Probability and Uncertainty,Management Science and Operations Research
Publication ISSN: 1873-6041
Last Modified: 14 May 2024 07:18
Date Deposited: 30 Nov 2020 08:36
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Related URLs: https://www.sci ... 038012120308302 (Publisher URL)
http://www.scop ... tnerID=8YFLogxK (Scopus URL)
PURE Output Type: Review article
Published Date: 2021-06
Published Online Date: 2020-11-27
Accepted Date: 2020-11-22
Authors: Malesios, Chrysovalantis
De, Debashree
Moursellas, Andreas
Dey, Prasanta (ORCID Profile 0000-0002-9984-5374)
Evangelinos, Konstantinos

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