Sustainable Tech Entrepreneurship and Green Innovation
Driving Resilience and Environmental Impact through Digital Transformation and Circular Business Models
DOI:
https://doi.org/10.48112/bms.v1i4.938Abstract
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Growing issues of climate change and depletion of natural resources demand a business model change towards sustainable business models. This research examines Sustainable Technology Entrepreneurship (STE) and Green Innovation (GI), including a focus on digital transformation, circular business models, and green finance as evolution towards environmental resilience and sustainability. Regarding the potential issue of knowledge gaps when treating these components together, in this paper, the significant role these elements play in the implementation of the Sustainable Development Goals (SDGs) is also emphasized. In the study, a conceptual framework is developed, and a structural equation model (SEM) is used with data from over 200 participants. It is already demonstrated that digital technologies (DT) play the role of a considerable driving force behind sustainable entrepreneurship, a somewhat significant and supportive role of circular business models, and a moderate but significant one of green finance. STE is recognized as a significant mediating factor of the phenomenon, related to environmental resilience by way of innovative, sustainable concepts. This paper emphasizes the effectiveness of synergies between DT, circular economy principles and green finance to support sustainability, which can help key recommendations to policymakers and corporate managers for sustainable leverage of a growth path of economic development.
Keywords:
Circular economy, Digital transformation, Environmental resilience, Green finance, Green innovation, Sustainable tech entrepreneurshipReferences
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