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The Perceived Relationship between Eco-friendly Business Practices and Firm Performance of SMEs in Vientiane Capital, Lao PDR

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Open Access
Article Type Review Article
Subject Environmental Sciences
OCLC JBRES Record
Bounmy Inthakesone*, Aliyamone Sipaseuth and Pakaiphone Syphoxay
Issue: Volume4-Issue6
Pages: 1017-1029
Received: 2023-06-02
Accepted: 2023-06-06
Published: 2023-06-14

Abstract

This study investigates the impact of environmental performance on firm profitability in Vientiane Capital, Lao PDR. Data from 419 firms were collected using an e-questionnaire distributed through a Google form. The results indicate a need to increase awareness and acknowledgment of clean activities among surveyed firms. While there is a positive trend towards energy-saving practices and the provision of designated smoking areas, more efforts are required to encourage the wider adoption of reusable practices and prioritize proper waste management. Regression analysis reveals significant impacts on firm profitability, with firms having regulations for environmentally friendly practices, acknowledging clean activities, providing free space for waste sorting or disposal, and having designated smoking areas experiencing notable increases in profitability. However, the impact of energy-saving policies on profitability is not significant, potentially due to insufficient implementation. The study recommends implementing and enforcing effective energy-saving policies, strengthening eco-friendly regulations, encouraging waste management and recycling practices, and catering to customer preferences to enhance firm financial performance. These measures can contribute to a more sustainable and environmentally responsible business landscape in Vientiane Capital, Lao PDR.

FullText HTML FullText PDF DOI: 10.37871/jbres1763 Crossmark

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Copyright

© 2023 Inthakesone B, et al. Distributed under Creative Commons CC-BY 4.0 Creative CommonsAttribution

How to cite this article

Inthakesone B, Sipaseuth A, Syphoxay P. The Perceived Relationship between Eco-friendly Business Practices and Firm Performance of SMEs in Vientiane Capital, Lao PDR. 2023 June 14; 4(6): 1017-1029. doi: 10.37871/jbres1762, Article ID: JBRES1763, Available at: https://www.jelsciences.com/articles/jbres1763.pdf

Subject area(s)

Environmental Impacts

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