Critical Factors and Their Correlation Affecting Green Industry Performance: Evidences from Small and Medium Enterprises
Large companies have achieved excellent progress toward green production while small and medium enterprises (SMEs) showed limited progress. This research aims to investigate key factors affect different stages of enhancing green industry implementation particularly in SMEs. This study conducted a s...
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| Format: | Article |
| Language: | English |
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Environmental Research Institute, Chulalongkorn University
2021-12-01
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| Series: | Applied Environmental Research |
| Subjects: | |
| Online Access: | https://ph01.tci-thaijo.org/index.php/saujournalst/www.tci-thaijo.org/index.php/aer/article/view/246950 |
| _version_ | 1818063738631094272 |
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| author | Phurita Noranarttakun Chanathip Pharino |
| author_facet | Phurita Noranarttakun Chanathip Pharino |
| author_sort | Phurita Noranarttakun |
| collection | DOAJ |
| description |
Large companies have achieved excellent progress toward green production while small and medium enterprises (SMEs) showed limited progress. This research aims to investigate key factors affect different stages of enhancing green industry implementation particularly in SMEs. This study conducted a systematic analysis to offer recommendations to unlock the inhibitors of the green industry. The electronic products and electrical equipment manufacturing industry in Thailand was chosen as a case study. Questionnaire is the main approach to collect primary data from SMEs. The structural equation model is developed to examine correlation and the degree of influencing factors. The model indicated that the latent factors’ influence on the decision-making of SMEs in applying the green industry reflected by the influence of eighteen observable variables and it suggests that the external contexts from stakeholder have a greater influence on the decision-making than the internal context as organizational resources and capabilities. Whereas the level of certification conform with green industry criteria has minor correlation with the decision-making of SMEs. Innovative policy strategy is recommended to create synergy between incentive-based instruments in term of product charges or product tax, subsidies and voluntary measure as product certification are recommended tools to enhance green industry adoption by SMEs.
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| first_indexed | 2024-12-10T14:24:53Z |
| format | Article |
| id | doaj.art-83e99b9c126e4e258c2973819f563c21 |
| institution | Directory Open Access Journal |
| issn | 2287-0741 2287-075X |
| language | English |
| last_indexed | 2024-12-10T14:24:53Z |
| publishDate | 2021-12-01 |
| publisher | Environmental Research Institute, Chulalongkorn University |
| record_format | Article |
| series | Applied Environmental Research |
| spelling | doaj.art-83e99b9c126e4e258c2973819f563c212022-12-22T01:45:07ZengEnvironmental Research Institute, Chulalongkorn UniversityApplied Environmental Research2287-07412287-075X2021-12-01434Critical Factors and Their Correlation Affecting Green Industry Performance: Evidences from Small and Medium EnterprisesPhurita Noranarttakun0Chanathip Pharino1Interdisciplinary Program in Environmental Science, Graduate School, Chulalongkorn University, Bangkok, ThailandDepartment of Environment Engineering, Faculty of Engineering, Chulalongkorn University, Bangkok, Thailand Large companies have achieved excellent progress toward green production while small and medium enterprises (SMEs) showed limited progress. This research aims to investigate key factors affect different stages of enhancing green industry implementation particularly in SMEs. This study conducted a systematic analysis to offer recommendations to unlock the inhibitors of the green industry. The electronic products and electrical equipment manufacturing industry in Thailand was chosen as a case study. Questionnaire is the main approach to collect primary data from SMEs. The structural equation model is developed to examine correlation and the degree of influencing factors. The model indicated that the latent factors’ influence on the decision-making of SMEs in applying the green industry reflected by the influence of eighteen observable variables and it suggests that the external contexts from stakeholder have a greater influence on the decision-making than the internal context as organizational resources and capabilities. Whereas the level of certification conform with green industry criteria has minor correlation with the decision-making of SMEs. Innovative policy strategy is recommended to create synergy between incentive-based instruments in term of product charges or product tax, subsidies and voluntary measure as product certification are recommended tools to enhance green industry adoption by SMEs. https://ph01.tci-thaijo.org/index.php/saujournalst/www.tci-thaijo.org/index.php/aer/article/view/246950Green industrySmall and medium enterprisesSMEsStructural equation modelSEMElectronic product |
| spellingShingle | Phurita Noranarttakun Chanathip Pharino Critical Factors and Their Correlation Affecting Green Industry Performance: Evidences from Small and Medium Enterprises Applied Environmental Research Green industry Small and medium enterprises SMEs Structural equation model SEM Electronic product |
| title | Critical Factors and Their Correlation Affecting Green Industry Performance: Evidences from Small and Medium Enterprises |
| title_full | Critical Factors and Their Correlation Affecting Green Industry Performance: Evidences from Small and Medium Enterprises |
| title_fullStr | Critical Factors and Their Correlation Affecting Green Industry Performance: Evidences from Small and Medium Enterprises |
| title_full_unstemmed | Critical Factors and Their Correlation Affecting Green Industry Performance: Evidences from Small and Medium Enterprises |
| title_short | Critical Factors and Their Correlation Affecting Green Industry Performance: Evidences from Small and Medium Enterprises |
| title_sort | critical factors and their correlation affecting green industry performance evidences from small and medium enterprises |
| topic | Green industry Small and medium enterprises SMEs Structural equation model SEM Electronic product |
| url | https://ph01.tci-thaijo.org/index.php/saujournalst/www.tci-thaijo.org/index.php/aer/article/view/246950 |
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