RT Journal Article
T1 Financial literacy and environmental sustainability in SMEs: process innovation as an association mechanism
A1 Molina-García, Antonio
A1 Galache-Laza, María Teresa
A1 González-García, Vicente
A1 Diéguez-Soto, Julio
K1 Educación
K1 Finanzas
K1 Pequeñas y medianas empresas
K1 Economía social
K1 Desarrollo sostenible
AB Despite receiving little attention in academia, understanding the factors that facilitate SMEs in becoming more environmentally responsible is a crucial challenge in today’s world. This article analyses the influence of CEOs’ financial literacy on environmental sustainability in an SME environment. Based on a random sample of 318 Spanish SMEs, our results show that CEOs’ financial literacy is an important driver of environmental sustainability. Moreover, this relationship emerges entirely through process innovation. Thus, CEOs who are financially literate are more engaged in process innovations, which facilitates them to embrace more environmentally sustainable practices. These findings offer fresh evidence of the relevance of CEOs’ capabilities in preserving natural resources.
PB Springer Nature
YR 2025
FD 2025
LK https://hdl.handle.net/10630/38592
UL https://hdl.handle.net/10630/38592
LA eng
NO Molina-García, A., Galache-Laza, M.T., González-García, V. et al. Financial literacy and environmental sustainability in SMEs: process innovation as an association mechanism. Eurasian Bus Rev (2025). https://doi.org/10.1007/s40821-025-00289-8
NO Funding for open access publishing: Universidad de Málaga/CBUA. Antonio Molina‑García’s work was funded by the Spanish Ministry of Education and Vocational Training (FPU) (FPU20/02328). The database was funded by Asociación Española de Contabilidad y Administración de Empresas (AECA), Cátedra de Emprendimiento del Banco Santander (Polytechnic University of Cartagena) and Cátedra de Viabilidad Empresarial (University of Malaga). Funding for open access charge: Universidad de Málaga/CBUA.
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 21 ene 2026