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Green Finance Dimensions as tools for SMEs Environmental Performance: Evidence from Lagos State, Nigeria

Article

Last updated: 28 Dec 2024

Subjects

-

Tags

Environmental management

Abstract

This research investigates the impact of various dimensions of green finance on the environmental performance of SMEs, focusing on selected manufacturing SMEs in Lagos, Nigeria. Two hundred and fifty surveys were distributed to the designated participants, resulting in the successful collection of 235 completed questionnaires. The data analysis utilized both the Pearson Product Moment Correlation Coefficient (PPMCC) and Path Analysis-Structural Equation Modeling (PA-SEM). The findings indicate a positive association between green investment and green training with SME environmental performance, although the correlation is not statistically significant. This suggests that while green investment and training show potential for enhancing SMEs' environmental performance, further exploration is needed. Conversely, the study confirms a positive and significant relationship between green loans, green technology, and SME environmental performance, highlighting the effectiveness of green loans and technology in promoting environmental responsibility among SMEs. In light of these results, it is recommended that governmental bodies, financial institutions, and other stakeholders provide financial incentives and support to SMEs for the adoption of green technology and green loans. Additionally, a collaborative effort is encouraged to actively promote green training initiatives for SME employees. This collective approach aims to cultivate a sustainable and environmentally conscious business environment, aligning with the overarching objectives of environmental sustainability.

DOI

10.21608/aujes.2024.295110.1249

Keywords

Green finance, green investment, green training, Green Loans, SMEs

Authors

First Name

Ademola

Last Name

Sajuyigbe

MiddleName

Samuel

Affiliation

Department of Business Administration, Precious Cornerstone University

Email

sajuyigbeademola@yahoo.com

City

Ibadan

Orcid

-

First Name

Adeniran

Last Name

Tella

MiddleName

Rahman

Affiliation

Department of Business Administration, Faculty of Art, Social & Management Sciences, Atiba University, Oyo, Oyo State, Nigeria.

Email

adenirantella@gmail.com

City

Oyo

Orcid

-

First Name

James

Last Name

Obi

MiddleName

Nwoye

Affiliation

Department of Business Administration, Caleb University, Lagos, Nigeria

Email

jamesobinwoye@gmail.com

City

Lagos

Orcid

-

First Name

Bolanle

Last Name

Sanusi

MiddleName

Mistura

Affiliation

Department of Business Administration, Osun State University, Okuku-Campus, Osun State, Nigeria

Email

bolanle.sanusi@uniosun.edu.ng

City

Osogbo

Orcid

-

First Name

Adebisi

Last Name

Adeyemi

MiddleName

Mariam

Affiliation

Departement of Business Administration & Management, Osun State Polytechnic, Iree, Nigeria

Email

adebisiadeyemi671@gmail.com

City

Osogbo

Orcid

-

First Name

Gbenuola

Last Name

Ayo-Oyebiyi

MiddleName

Titilayo

Affiliation

Department of Banking and Finance, Osun State Polytechnic, Iree, Nigeria

Email

prettygbenuola@gmail.com

City

-

Orcid

-

Volume

5

Article Issue

4

Related Issue

52253

Issue Date

2024-12-01

Receive Date

2024-06-03

Publish Date

2024-12-01

Page Start

432

Page End

446

Print ISSN

2735-4229

Online ISSN

2735-4237

Link

https://aujes.journals.ekb.eg/article_399589.html

Detail API

https://aujes.journals.ekb.eg/service?article_code=399589

Order

2

Type

Original Research

Type Code

1,615

Publication Type

Journal

Publication Title

Aswan University Journal of Environmental Studies

Publication Link

https://aujes.journals.ekb.eg/

MainTitle

Green Finance Dimensions as tools for SMEs Environmental Performance: Evidence from Lagos State, Nigeria

Details

Type

Article

Created At

28 Dec 2024