Can critical success factors of small businesses in emerging markets advance UN Sustainable Development Goals?

Businesses’ Role in the Fulfillment of the 2030 Agenda: A Bibliometric Analysis

Companies worldwide can play a fundamental role in the fulfillment of the 2030 Agenda. This paper aims to determine the scope of the existing literature about the role that organizations play in contributing to the advancement of Sustainable Development Goals (SDGs). A bibliometric analysis is conducted considering the papers specifically focused on SDGs and businesses published from 2015 to 2021 in journals indexed in the Scopus database. The analysis shows that approximately 80% of the studies on this topic have been published in the last three years. Moreover, only one journal (Sustainability) has published more than the 50% of the publications on the subject. The final sample is divided into 11 clusters that analyze different perspectives within the same research topic, and, in all these clusters, practically all of the papers have been published in the last two years, which confirms that this issue is increasing its presence in the academic world. This work extends the existing research on the subject, taking into account the publications of the last year, so it is an update on this “hot topic”. Moreover, it contributes to providing a reference frame of the state of the art of this research topic and can orientate researchers in the development of future studies

Innovative Finance, Technological Adaptation and SMEs Sustainability: The Mediating Role of Government Support during COVID-19 Pandemic

Small and medium enterprises (SMEs) survival is critical for economic sustainability due to the multifaceted role of the economy. Thus, halting SMEs operation hurts the aggregate economy. During the present pandemic, SMEs’ sustainability in Bangladesh is under-challenged because of limited market demand, supply constraints, financial incapacity, and capital restrictions. However, with the concerted effort from firms and the government, SME’s have been trying to reestablish from the unforeseen consequence by capitalizing on innovation, skills, and economic resources. The motivation of the study is to gauge the impact of innovative finance, technological adaptation, and the government’s role on SMEs’ sustainability during the COVID-19 pandemic in Bangladesh. As a study sample, 2000 SMEs were considered for data collection through a structured questionnaire from 10 December 2020, to 28 January 2021. A sample of 1895 SMEs was returned with their responses. However, after a careful data cleaning procedure, only a sample of 1395 (69.75%) responses was found suitable for study. The study applied structural equation modelling to explore causal effects and test the proposed hypothesis for the hypnotized model, i.e., more precisely, to explore the direct effects of technology adaptation and innovative finance and indirect effects through government support on SMEs. Study findings revealed that SMEs’ sustainability positively accelerates by applying innovative finance and integration of technological adaptation. In contrast, the mediating role of government was also established with indirect assessment. Study findings suggest that policy formulation and implementation must be initiated, focusing on effective online financial services, settling business transactions, and integrating IT advancements in operation.