Skip to main navigation menu Skip to main content Skip to site footer

Financial Performance in Small and Medium-Sized Enterprises (SMEs): A Bibliometric Analysis of Scientific Production

Abstract

SMEs play a leading role in the global economy, which is why their study is increasing attracting the interest of the scientific and academic community. This article explores the development of research in financial issues, which is one of the relevant aspects for the growth and competitiveness of this type of organizations. A scientific mapping of the research on financial performance and SMEs is carried out by tracking the scientific production registered in the Scopus and WoS databases. The most relevant regions, authors, institutions and journals are determined using bibliometric tools and techniques; the most representative documents of the area are also identified and classified using the metaphorical scheme of the tree. The results allowed to establish the seminal and structural works, as well as the sub-areas that emerge on the subject; the latter determine, in turn, the sub-areas or currents in which the research is framed. The most relevant country on this topic is Indonesia, followed by Australia and South Africa; the publication with the greatest impact is the UK Journal of Cleaner Production, and the most relevant author is Jain, Priyanka, from Delhi Technological University. Finally, an agenda for future research is proposed, including financial returns related to corporate social responsibility, business innovation and environmental sustainability.

Keywords

SMES, Competitiveness, Strategy, Bussines Innovation, bibliometric, scientific production

XML (Español) PDF (Español)

Author Biography

Carlos Andres Diaz Restrepo

Docente Universidad Católica de Pereira, Grupo de Investigación Estudios Económicos y Administrativos, Colombia. Correo electrónico: carlos.diaz@ucp.edu.co, ORCID: https://orcid.org/0000-0003-0141-3029

Monica Patiño

Docente Universidad Católica Luis Amigo, Grupo de Investigación GESNE, Colombia. correo electrónico: monica.patinoos@amigo.edu.co, ORCID: https://orcid.org/0000-0001-5782-5036

Pedro Duque

Docente/investigador Universidad Católica Luis Amigó, Grupo de Investigación GESNE, Colombia. Docente Universidad de Caldas. correo electrónico: pedro.duquehu@amigo.edu.co, ORCID: https://orcid.org/0000-0001-5782-5036

Luis Salvador Cervantes Cervantes

Director Académico, Universidad del Valle de Atemajac, Zapopan, México, correo electrónico: salvador.cervantes@univa.mx , ORCID: https://orcid.org/0000-0002-2719-9828

Andrea Franco Rivera

Estudiante de Administración Financiera de la Universidad de Caldas, correo electrónico: andrea.2771822010@ucaldas.edu.co, ORCID: https://orcid.org/0000-0003-3580-4060.


References

  1. Acevedo Meneses, J. P., Robledo Giraldo, S. & Sepúlveda Angarita, M. Z. (2020). Subáreas de internacionalización de emprendimientos: una revisión bibliográfica. Económicas CUC, 42(1), 249-268. https://doi.org/10.17981/econcuc.42.1.2021.org.7 DOI: https://doi.org/10.17981/econcuc.42.1.2021.Org.7
  2. Agyabeng-Mensah, Y., & Tang, L. (2021). The Relationship Among Green Human Capital, Green Logistics Practices, Green Competitiveness, Social Performance and Financial Performance. International Journal of Manufacturing Technology and Management, (ahead-of-print). https://doi.org/10.1108/JMTM-11-2020-0441 DOI: https://doi.org/10.1108/JMTM-11-2020-0441
  3. Agyapong, F. O., Agyapong, A., & Poku, K. (2017). Nexus Between Social Capital and Performance of Micro and Small Firms in an Emerging Economy: The Mediating Role of Innovation. Cogent Business & Management, 4(1), 1309784. https://doi.org/10.1080/23311975.2017.1309784 DOI: https://doi.org/10.1080/23311975.2017.1309784
  4. Ali, G. A., Hilman, H., & Gorondutse, A. H. (2020). Effect of Entrepreneurial Orientation, Market Orientation and Total Quality Management on Performance. Benchmarking An International Journal, 27(4), 1503-1531. https://doi.org/10.1108/bij-08-2019-0391 DOI: https://doi.org/10.1108/BIJ-08-2019-0391
  5. Al-Mamary, Y. H., Alwaheeb, M. A., Alshammari, N. G. M., Abdulrab, M., & Soltane HB, B. (2020). The Effect of Entrepreneurial Orientation on Financial and Non-Financial Performance in Saudi SMEs: A Review. Journal of Critical Reviews, 7(14). https://doi.org/10.31838/jcr.07.14.35 DOI: https://doi.org/10.31838/jcr.07.14.35
  6. Amoah, J. (2020). Social Media and Its Impact on the Financial Performance on SMEs in Developing Countries: A Literature Review. In C. Karpasitis & C. Varda (Eds.), Proceedings of the 7th European Conference on Social Media, ECSM 2020 (pp. 37-41). Uclan Cyprus. https://play.google.com/store/books/details?id=FCAEEAAAQBAJ
  7. Anwar, M. (2018). Business Model Innovation and SMEs Performance. Does Competitive Advantage Mediate? International Journal of Innovation Management, 22(07), 1850057. https://doi.org/10.1142/S1363919618500573 DOI: https://doi.org/10.1142/S1363919618500573
  8. Anwar, M., & Shah, S. Z. A. (2021). Entrepreneurial Orientation and Generic Competitive Strategies for Emerging SMEs: Financial and Nonfinancial Performance Perspective. Journal of Public Affairs, 21(1). https://doi.org/10.1002/pa.2125 DOI: https://doi.org/10.1002/pa.2125
  9. Aria, M., & Cuccurullo, C. (2017). Bibliometrix: An R-tool for Comprehensive Science Mapping Analysis. Journal of Informetrics, 11(4), 959-975. https://doi.org/10.1016/j.joi.2017.08.007 DOI: https://doi.org/10.1016/j.joi.2017.08.007
  10. Baah, C., Opoku-Agyeman, D., Acquah, I. S. K., Agyabeng-Mensah, Y., Afum, E., Faibil, D., & Abdoulaye, F. A. M. (2021). Examining the Correlations Between Stakeholder Pressures, Green Production Practices, Firm Reputation, Environmental and Financial Performance: Evidence from Manufacturing SMEs. Sustainable Production and Consumption, 27, 100-114. https://doi.org/10.1016/j.spc.2020.10.015 DOI: https://doi.org/10.1016/j.spc.2020.10.015
  11. Bahta, D., Yun, J., Islam, M. R., & Bikanyi, K. J. (2021). How Does CSR Enhance the Financial Performance of SMEs? The Mediating Role of Firm Reputation. Economic Research-Ekonomska Istraživanja, 34(1), 1428-1451. https://doi.org/10.1080/1331677X.2020.1828130 DOI: https://doi.org/10.1080/1331677X.2020.1828130
  12. Barney, J. (1991). Firm Resources and Sustained Competitive Advantage. Journal of Management, 17(1), 99-120. https://doi.org/10.1177/014920639101700108 DOI: https://doi.org/10.1177/014920639101700108
  13. Bartolacci, F., Caputo, A., & Soverchia, M. (2020). Sustainability and Financial Performance of Small and Medium Sized Enterprises: A Bibliometric and Systematic Literature Review. Business Strategy and the Environment, 29(3), 1297-1309. https://doi.org/10.1002/bse.2434 DOI: https://doi.org/10.1002/bse.2434
  14. Bastian, M., Heymann, S., & Jacomy, M. (2009). Gephi: An Open Source Software for Exploring and Manipulating Networks. International AAAI Conference on Weblogs and Social Media. https://gephi.org/users/publications/ DOI: https://doi.org/10.1609/icwsm.v3i1.13937
  15. Blanco-Mesa, F., León-Castro, E., & Merigó, J. M. (2019). A Bibliometric Analysis of Aggregation Operators. Applied Soft Computing, 81(105488), 105488. https://doi.org/10.1016/j.asoc.2019.105488 DOI: https://doi.org/10.1016/j.asoc.2019.105488
  16. Blanco-Mesa, F., Merigó, J. M., & Gil-Lafuente, A. M. (2017). Fuzzy Decision Making: A Bibliometric-Based Review. Journal of Intelligent & Fuzzy Systems, 32(3), 2033-2050. https://doi.org/10.3233/jifs-161640 DOI: https://doi.org/10.3233/JIFS-161640
  17. Blondel, V. D., Guillaume, J.-L., Lambiotte, R., & Lefebvre, E. (2008). Fast Unfolding of Communities in Large Networks. Journal of Statistical Mechanics, 2008(10), P10008. https://doi.org/10.1088/1742-5468/2008/10/P10008 DOI: https://doi.org/10.1088/1742-5468/2008/10/P10008
  18. Boakye, D. J., Tingbani, I., Ahinful, G. S., & Nsor-Ambala, R. (2021). The Relationship Between Environmental Management Performance and Financial Performance of Firms Listed in the Alternative Investment Market (AIM) in the UK. Journal of Cleaner Production, 278, 124034. https://doi.org/10.1016/j.jclepro.2020.124034 DOI: https://doi.org/10.1016/j.jclepro.2020.124034
  19. Bos-Brouwers, H. E. J. (2009). Corporate Sustainability and Innovation in SMEs: Evidence of Themes and Activities in Practice. Business Strategy and the Environment. https://doi.org/10.1002/bse.652 DOI: https://doi.org/10.1002/bse.652
  20. Branco, M. C., & Rodrigues, L. L. (2006). Corporate Social Responsibility and Resource-Based Perspectives. Journal of Business Ethics: JBE, 69(2), 111-132. https://doi.org/10.1007/s10551-006-9071-z DOI: https://doi.org/10.1007/s10551-006-9071-z
  21. Budiarto, D. S., Rahmawati, Prabowo, M. A., Bandi, Djajanto, L., Widodo, K. P., & Herawan, T. (2018). Accounting Information System (AIS) Alignment and Non-financial Performance in Small Firm: A Contingency Perspective. In Computational Science and Its Applications–ICCSA 2018 (pp. 382-394). Springer International Publishing. https://doi.org/10.1007/978-3-319-95165-2_27 DOI: https://doi.org/10.1007/978-3-319-95165-2_27
  22. Budiarto, D. S., Rahmawati, R., Bandi, B., & Prabowo, M. A. (2019). Accounting Information System and Non-financial Performance in Small Firm: Empirical Research Based on Ethnicity. Journal of Intercultural Studies, 12(1), 338-351. https://doi.org/10.14254/2071-8330.2019/12-1/23 DOI: https://doi.org/10.14254/2071-8330.2019/12-1/23
  23. Buitrago, S., Duque, P., & Robledo, S. (2020). Branding corporativo: una revisión bibliográfica. Económicas CUC, 41(1). https://doi.org/10.17981/econcuc.41.1.2020.Org.1 DOI: https://doi.org/10.17981/econcuc.41.1.2020.Org.1
  24. Cantele, S., & Zardini, A. (2018). Is Sustainability a Competitive Advantage for Small Businesses? An Empirical Analysis of Possible Mediators in the Sustainability–Financial Performance Relationship. Journal of Cleaner Production, 182, 166-176. https://doi.org/10.1016/j.jclepro.2018.02.016 DOI: https://doi.org/10.1016/j.jclepro.2018.02.016
  25. Clavijo-Tapia, F. J., Duque-Hurtado, P. L., Arias-Cerquera, G., & Tolosa-Castañeda, M. A. (2021). Organizational Communication: A Bibliometric Analysis from 2005 to 2020. Clío América, 15(29). https://doi.org/10.21676/23897848.4311 DOI: https://doi.org/10.21676/23897848.4311
  26. Covin, J. G., & Slevin, D. P. (1989). Strategic Management of Small Firms in Hostile and Benign Environments. Strategic Management Journal, 10(1), 75-87. https://doi.org/10.1002/smj.4250100107 DOI: https://doi.org/10.1002/smj.4250100107
  27. De, D., Chowdhury, S., Dey, P. K., & Ghosh, S. K. (2020). Impact of Lean and Sustainability Oriented Innovation on Sustainability Performance of Small and Medium Sized Enterprises: A Data Envelopment Analysis-based Framework. International Journal of Production Economics, 219, 416-430. https://doi.org/10.1016/j.ijpe.2018.07.003 DOI: https://doi.org/10.1016/j.ijpe.2018.07.003
  28. Di Vaio, A., Palladino, R., Pezzi, A., & Kalisz, D. E. (2021). The Role of Digital Innovation in Knowledge Management Systems: A Systematic Literature Review. Journal of Business Research, 123, 220-231. https://doi.org/10.1016/j.jbusres.2020.09.042 DOI: https://doi.org/10.1016/j.jbusres.2020.09.042
  29. Duque, P., & Cervantes, L. S. (2019). Responsabilidad social universitaria: una revisión sistemática y análisis bibliométrico. Estudios Gerenciales, 35(153), 451-464. https://doi.org/10.18046/j.estger.2019.153.3389 DOI: https://doi.org/10.18046/j.estger.2019.153.3389
  30. Duque, P., Meza, O. E., Giraldo, D., & Barreto, K. (2021). Economía social y economía solidaria: un análisis bibliométrico y revisión de literatura. Revesco, Revista de Estudios Cooperativos, 138, e75566-e75566. https://doi.org/10.5209/reve.75566 DOI: https://doi.org/10.5209/reve.75566
  31. Duque Hurtado, P. L., Meza Aguirre, O. E., Zapata Lesmes, G. A. & Giraldo Castellanos, J. D. (2020). Internacionalización de empresas latinas: evolución y tendencias. Económicas CUC, 42(1), 122-152. https://doi.org/10.17981/econcuc.42.1.2021.org.1 DOI: https://doi.org/10.17981/econcuc.42.1.2021.Org.1
  32. Duque, P., & Oliva, E. J. D. (2022). Tendencias emergentes en la literatura sobre el compromiso del cliente: un análisis bibliométrico. Estudios Gerenciales, 38(162), 120-132. https://doi.org/10.18046/j.estger.2022.162.4528 DOI: https://doi.org/10.18046/j.estger.2022.162.4528
  33. Duque-Hurtado, P., Samboni-Rodríguez, V., Castro-García, M., Montoya-Restrepo, L. A., & Montoya-Restrepo, I. A. (2020). Neuromarketing: Its Current Status and Research Perspectives. Estudios Gerenciales, 525-539. https://doi.org/10.18046/j.estger.2020.157.3890 DOI: https://doi.org/10.18046/j.estger.2020.157.3890
  34. Duque, P., Toro, A., Ramírez, D., & Carvajal, M. E. (2020). Marketing viral: aplicación y tendencias. Clío América, 14(27), 454-468. https://doi.org/10.21676/23897848.3759 DOI: https://doi.org/10.21676/23897848.3759
  35. Echchakoui, S. (2020). Why and How to Merge Scopus and Web of Science During Bibliometric Analysis: The Case of Sales Force Literature from 1912 to 2019. Journal of Marketing Analytics, 8(3), 165-184. https://doi.org/10.1057/s41270-020-00081-9 DOI: https://doi.org/10.1057/s41270-020-00081-9
  36. El Chaarani, H., Vrontis, P. D., El Nemar, S., & El Abiad, Z. (2021). The Impact of Strategic Competitive Innovation on the Financial Performance of SMEs During COVID-19 Pandemic Period. Competitiveness Review Journal, (ahead-of-print). https://doi.org/10.1108/cr-02-2021-0024 DOI: https://doi.org/10.1108/CR-02-2021-0024
  37. Forcadell, F. J., Úbeda, F., & Aracil, E. (2021). Effects of Environmental Corporate Social Responsibility on Innovativeness of Spanish Industrial SMEs. Technological Forecasting and Social Change, 162(120355), 120355. https://doi.org/10.1016/j.techfore.2020.120355 DOI: https://doi.org/10.1016/j.techfore.2020.120355
  38. Freeman, L. C. (1977). A Set of Measures of Centrality Based on Betweenness. Sociometry, 40(1), 35. https://doi.org/10.2307/3033543 DOI: https://doi.org/10.2307/3033543
  39. Fu, Q., Sial, M. S., Arshad, M. Z., Comite, U., Thu, P. A., & Popp, J. (2021). The Inter-Relationship Between Innovation Capability and SME Performance: The Moderating Role of the External Environment. Sustainability: Science Practice and Policy, 13(16), 9132. https://doi.org/10.3390/su13169132 DOI: https://doi.org/10.3390/su13169132
  40. Gurzki, H., & Woisetschläger, D. M. (2017). Mapping the luxury Research Landscape: A Bibliometric Citation Analysis. Journal of Business Research, 77, 147-166. https://doi.org/10.1016/j.jbusres.2016.11.009 DOI: https://doi.org/10.1016/j.jbusres.2016.11.009
  41. Hammann, E.-M., Habisch, A., & Pechlaner, H. (2009). Values that Create Value: Socially Responsible Business Practices in SMEs. Empirical Evidence from German Companies. Business Ethics, 18(1), 37-51. https://doi.org/10.1111/j.1467-8608.2009.01547.x DOI: https://doi.org/10.1111/j.1467-8608.2009.01547.x
  42. Hastuti, T. D., Sanjaya, R., & Koeswoyo, F. (2021). The Investment Opportunity, Information Technology and Financial Performance of SMEs. In 2021 International Conference on Computer Information Sciences (ICCOINS), Kuching, Malaysia, 2021 (pp. 247-251). https://doi.org/10.1109/ICCOINS49721.2021.9497182 DOI: https://doi.org/10.1109/ICCOINS49721.2021.9497182
  43. Herrera Madueño, J., Larrán Jorge, M., Martínez Conesa, I., & Martínez-Martínez, D. (2016). Relationship Between Corporate Social Responsibility and Competitive Performance in Spanish SMEs: Empirical Evidence from a Stakeholders’ Perspective. BRQ Business Research Quarterly, 19(1), 55-72. https://doi.org/10.1016/j.brq.2015.06.002 DOI: https://doi.org/10.1016/j.brq.2015.06.002
  44. Horváthová, E. (2010). Does Environmental Performance Affect Financial Performance? A Meta-Analysis. Ecological Economics: The Journal of the International Society for Ecological Economics, 70(1), 52-59. https://doi.org/10.1016/j.ecolecon.2010.04.004 DOI: https://doi.org/10.1016/j.ecolecon.2010.04.004
  45. Jain, P., Vyas, V., & Chalasani, D. P. S. (2016). Corporate Social Responsibility and Financial Performance in SMEs: A Structural Equation Modelling Approach. Global Business Review, 17(3), 630-653. https://doi.org/10.1177/0972150916630827 DOI: https://doi.org/10.1177/0972150916630827
  46. Jain, P., Vyas, V., & Roy, A. (2017). Exploring the Mediating Role of Intellectual Capital and Competitive Advantage on the Relation Between CSR and Financial Performance in SMEs. Social Responsibility, Journalism, Law, Medicine, 13(1), 1-23. https://doi.org/10.1108/SRJ-04-2015-0048 DOI: https://doi.org/10.1108/SRJ-04-2015-0048
  47. Jenkins, H. (2006). Small Business Champions for Corporate Social Responsibility. Journal of Business Ethics: JBE, 67(3), 241-256. https://doi.org/10.1007/s10551-006-9182-6 DOI: https://doi.org/10.1007/s10551-006-9182-6
  48. Jiménez-Zarco, A. I., Clemente-Almendros, J. A., González-González, I., & Aracil-Jordà, J. (2021). Female Micro-Entrepreneurs and Social Networks: Diagnostic Analysis of the Influence of Social-Media Marketing Strategies on Brand Financial Performance. Frontiers in Psychology, 12, 630058. https://doi.org/10.3389/fpsyg.2021.630058 DOI: https://doi.org/10.3389/fpsyg.2021.630058
  49. Johnsen, G. J., & McMahon, R. G. P. (2005). Owner-manager Gender, Financial Performance and Business Growth Amongst SMEs from Australia’s Business Longitudinal Survey. International Small Business Journal, 23(2), 115-142. https://doi.org/10.1177/0266242605050509 DOI: https://doi.org/10.1177/0266242605050509
  50. Khattak, M. S., Anwar, M., & Clauß, T. (2021). The Role of Entrepreneurial Finance in Corporate Social Responsibility and New Venture Performance in an Emerging Market. The Journal of Entrepreneurship, 30(2), 336-366. https://doi.org/10.1177/09713557211025655 DOI: https://doi.org/10.1177/09713557211025655
  51. Kortum, S., & Lerner, J. (2000). Assessing the Contribution of Venture Capital to Innovation. The Rand Journal of Economics, 31(4), 674. https://doi.org/10.2307/2696354 DOI: https://doi.org/10.2307/2696354
  52. Lucato, W. C., Costa, E. M., & de Oliveira Neto, G. C. (2017). The Environmental Performance of SMEs in the Brazilian Textile Industry and the Relationship with their Financial Performance. Journal of Environmental Management, 203(Part 1), 550-556. https://doi.org/10.1016/j.jenvman.2017.06.028 DOI: https://doi.org/10.1016/j.jenvman.2017.06.028
  53. Lumpkin, G. T., & Dess, G. G. (1996). Clarifying the Entrepreneurial Orientation Construct and Linking It to Performance. Academy of Management Review. Academy of Management, 21(1), 135-172. https://doi.org/10.2307/258632 DOI: https://doi.org/10.5465/amr.1996.9602161568
  54. Lussak, A., Abdurachman, E., Gautama, I., & Setiowati, R. (2020). The Influence of Financial Performance and Innovation of Services and Products on the Survival of Small Businesses in Food and Beverage in the Jakarta City with Mediation of Operational Improvement. Management Science Letters, 463-468. https://doi.org/10.5267/j.msl.2019.8.024 DOI: https://doi.org/10.5267/j.msl.2019.8.024
  55. Lussak, A., Abdurachman, E., So, I.G., Setiowati, R. (2019). The Effect of Financial Performance, Service and Product Innovation on the Survival of Small Businesses Mediated by TAM. International Journal of Innovation, Creativity and Change, 7(12), 259-275. https://www.researchgate.net/publication/339168021_The_Effect_of_Financial_Performance_Service_and_Product_Innovation_on_the_Survival_of_Small_Businesses_Mediated_by_TAM
  56. Magrizos, S., Apospori, E., Carrigan, M., & Jones, R. (2021). Is CSR the Panacea for SMEs? A Study of Socially Responsible SMEs During Economic Crisis. European Management Journal, 39(2), 291-303. https://doi.org/10.1016/j.emj.2020.06.002 DOI: https://doi.org/10.1016/j.emj.2020.06.002
  57. Martínez-Conesa, I., Soto-Acosta, P., & Palacios-Manzano, M. (2017). Corporate Social Responsibility and Its Effect on Innovation and Firm Performance: An Empirical Research in SMEs. Journal of Cleaner Production, 142, 2374-2383. https://doi.org/10.1016/j.jclepro.2016.11.038 DOI: https://doi.org/10.1016/j.jclepro.2016.11.038
  58. Mashingaidze, M., Phiri, M., & Bomani, M. (2021). The Influence of Strategy Formulation Practices on the Perceived Financial Performance of Small and Medium Enterprises: The Zimbabwean Experience. The Southern African Journal of Entrepreneurship and Small Business Management, 13(1), 11. https://doi.org/10.4102/sajesbm.v13i1.343 DOI: https://doi.org/10.4102/sajesbm.v13i1.343
  59. McWilliams, A., & Siegel, D. (2000). Corporate Social Responsibility and Financial Performance: Correlation or Misspecification? Strategic Management Journal, 21(5), 603-609. https://doi.org/10.1002/(sici)1097-0266(200005)21:5<603::aid-smj101>3.0.co;2-3 DOI: https://doi.org/10.1002/(SICI)1097-0266(200005)21:5<603::AID-SMJ101>3.0.CO;2-3
  60. Murillo, D., & Lozano, J. M. (2006). SMEs and CSR: An Approach to CSR in their Own Words. Journal of Business Ethics: JBE, 67(3), 227-240. https://doi.org/10.1007/s10551-006-9181-7 DOI: https://doi.org/10.1007/s10551-006-9181-7
  61. Nasiri, M., Ukko, J., Saunila, M., Rantala, T., & Rantanen, H. (2020). Digital-related Capabilities and Financial Performance: The Mediating Effect of Performance Measurement Systems. Technology Analysis and Strategic Management, 32(12), 1393-1406. https://doi.org/10.1080/09537325.2020.1772966 DOI: https://doi.org/10.1080/09537325.2020.1772966
  62. Nejati, M., Quazi, A., Amran, A., & Ahmad, N. H. (2017). Social Responsibility and Performance: Does Strategic Orientation Matter for Small Businesses? Journal of Small Business Management, 55, 43-59. https://doi.org/10.1111/jsbm.12305 DOI: https://doi.org/10.1111/jsbm.12305
  63. Nuryakin, N. A., Widayanti, R., Damayanti, R., & Susanto, N. A. (2021). The Importance of Market Information Accessibility to Enhancing SMEs Indonesian superior Financial Performance. International Journal of Business Innovation and Research, 25(1), 1. https://doi.org/10.1504/ijbir.2021.115010 DOI: https://doi.org/10.1504/IJBIR.2021.115010
  64. OECD & World Bank. (2020). Global State of Small Business Report: Reflections on six waves of data collection. Data for Good. Facebook. https://dataforgood.fb.com/global-state-of-smb
  65. Orlitzky, M., Schmidt, F. L., & Rynes, S. L. (2003). Corporate Social and Financial Performance: A Meta-Analysis. Organization Studies, 24(3), 403-441. https://doi.org/10.1177/0170840603024003910 DOI: https://doi.org/10.1177/0170840603024003910
  66. Otache, I., & Mahmood, R. (2015). Corporate Entrepreneurship and Business Performance: The Role of External Environment and Organizational Culture: A Proposed Framework. Mediterranean Journal of Social Sciences, 6(4), 524-524. https://doi.org/10.5901/mjss.2015.v6n4s3p524 DOI: https://doi.org/10.5901/mjss.2015.v6n4s3p524
  67. Pavelkova, D., Zizka, M., Homolka, L., Knapkova, A., & Pelloneova, N. (2021). Do Clustered Firms Outperform the Non-clustered? Evidence of Financial Performance in Traditional Industries. Economic Research-Ekonomska Istraživanja, 1-23. https://doi.org/10.1080/1331677X.2021.1874460 DOI: https://doi.org/10.1080/1331677X.2021.1874460
  68. Porter, M. E. (1980). Industry Structure and Competitive Strategy: Keys to Profitability. Financial Analysts Journal, 36(4), 30-41. https://doi.org/10.2469/faj.v36.n4.30 DOI: https://doi.org/10.2469/faj.v36.n4.30
  69. Pranckutė, R. (2021). Web of Science (WoS) and Scopus: The Titans of Bibliographic Information in Today’s Academic World. Publications, 9(1), 12. https://doi.org/10.3390/publications9010012 DOI: https://doi.org/10.3390/publications9010012
  70. Queiroz, M. M., & Fosso Wamba, S. (2021). A Structured Literature Review on the Interplay Between Emerging Technologies and COVID-19 - Insights and Directions to Operations Fields. Annals of Operations Research, 1-27. https://doi.org/10.1007/s10479-021-04107-y DOI: https://doi.org/10.1007/s10479-021-04107-y
  71. Ramos, V., Duque, P., & Vieira, J. A. (2021). Responsabilidad social corporativa y emprendimiento: evolución y tendencias de investigación. Desarrollo Gerencial, 13(1), 1-34. https://doi.org/10.17081/dege.13.1.4210 DOI: https://doi.org/10.17081/dege.13.1.4210
  72. Ratten, V. (2020). Coronavirus (COVID-19) and Social Value Co-creation. The International Journal of Sociology and Social Policy, (ahead-of-print). https://doi.org/10.1108/IJSSP-06-2020-0237 DOI: https://doi.org/10.1108/IJSSP-06-2020-0237
  73. Raveendra, P. V., Singh, J. E., & Singh P Kumar. (2018). Behavioral Finance and Its Impact on Poor Financial Performance of SMES: A Review. International Journal of Mechanical Engineering and Technology, 9(5), 341-348. http://www.iaeme.com/IJMET/issues.asp?JType=IJMET&VType=9&IType=5
  74. Reverte, C., Gómez-Melero, E., & Cegarra-Navarro, J. G. (2016). The Influence of Corporate Social Responsibility Practices on Organizational Performance: Evidence from Eco-Responsible Spanish Firms. Journal of Cleaner Production, 112, 2870-2884. https://doi.org/10.1016/j.jclepro.2015.09.128 DOI: https://doi.org/10.1016/j.jclepro.2015.09.128
  75. Robledo, S., Osorio, G., & López, C. (2014). Networking en pequeña empresa: una revisión bibliográfica utilizando la teoria de grafos. Revista Vínculos, 11(2), 6-16. https://doi.org/10.14483/2322939X.9664
  76. Roffia, P. (2021). Family Involvement and Financial Performance in SMEs: Evidence from Italy. International Journal of Entrepreneurship & Small Business, 43(1), 39. https://doi.org/10.1504/ijesb.2021.115313 DOI: https://doi.org/10.1504/IJESB.2021.115313
  77. Rozsa, Z., Belas, J., Jr, Khan, K. A., & Zvarikova, K. (2021). Corporate Social Responsibility and Essential Factors of Personnel Risk Management in SMEs. Polish Journal of Management Studies, 23(2), 449-463. https://doi.org/10.17512/pjms.2021.23.2.27 DOI: https://doi.org/10.17512/pjms.2021.23.2.27
  78. Rubaceti, N. A. B., Giraldo, S. R., & Sepulveda, M. Z. (2022). Una revisión bibliográfica del Fintech y sus principales subáreas de estudio. Económicas CUC, 43(1). https://doi.org/10.17981/econcuc.43.1.2022.Econ.4 DOI: https://doi.org/10.17981/econcuc.43.1.2022.Econ.4
  79. Rubio-Andrés, M., Ramos-González, M. del M., & Sastre-Castillo, M. Á. (2021). Do High Performance Work Systems Improve Workplace Well-Being in SMES? Implications for Financial Performance. Applied Research in Quality of Life. https://doi.org/10.1007/s11482-021-09965-z DOI: https://doi.org/10.1007/s11482-021-09965-z
  80. Saeidi, S. P., Sofian, S., Saeidi, P., Saeidi, S. P., & Saaeidi, S. A. (2015). How Does Corporate Social Responsibility Contribute to Firm Financial Performance? The Mediating Role of Competitive Advantage, Reputation, and Customer Satisfaction. Journal of Business Research, 68(2), 341-350. https://doi.org/10.1016/j.jbusres.2014.06.024 DOI: https://doi.org/10.1016/j.jbusres.2014.06.024
  81. Scimago Journal & Country Rank. (2021). https://www.scimagojr.com/
  82. Secinaro, S., Dal Mas, F., Brescia, V., & Calandra, D. (2022). Blockchain in the Accounting, Auditing and Accountability Fields: A Bibliometric and Coding Analysis. Accounting Auditing & Accountability, 35(9), 168-203. https://doi.org/10.1108/aaaj-10-2020-4987 DOI: https://doi.org/10.1108/AAAJ-10-2020-4987
  83. Semrau, T., Ambos, T., & Sascha Kraus. (2016). Entrepreneurial Orientation and SME Performance Across Societal Cultures: An International Study. Journal of Business Research, 69(5), 1928-1932. https://doi.org/10.1016/j.jbusres.2015.10.082 DOI: https://doi.org/10.1016/j.jbusres.2015.10.082
  84. Singh, S. K., Giudice, M. D., Chierici, R., & Graziano, D. (2020). Green Innovation and Environmental Performance: The Role of Green Transformational Leadership and Green Human Resource Management. Technological Forecasting and Social Change, 150, 119762. https://doi.org/10.1016/j.techfore.2019.119762 DOI: https://doi.org/10.1016/j.techfore.2019.119762
  85. Sriyono, Biduri, S., & Proyogi, B. (2021). Acceleration of Performance Recovery and Competitiveness Through Non-Banking Financing in SMEs Based on Green Economy: Impact of COVID-19 Pandemic. Journal of Innovation and Entrepreneurship, 10(1), 27. https://doi.org/10.1186/s13731-021-00166-4 DOI: https://doi.org/10.1186/s13731-021-00166-4
  86. Stoian, C., & Gilman, M. (2017). Corporate Social Responsibility that “Pays”: A Strategic Approach to CSR for SMEs. Journal of Small Business Management, 55(1), 5-31. https://doi.org/10.1111/jsbm.12224 DOI: https://doi.org/10.1111/jsbm.12224
  87. Surroca, J., Tribó, J. A., & Waddock, S. (2010). Corporate Responsibility and Financial Performance: The Role of Intangible Resources. Strategic Management Journal, 31(5), 463-490. https://doi.org/10.1002/smj.820 DOI: https://doi.org/10.1002/smj.820
  88. Szennay, Á., Szigeti, C., Beke, J., & Radácsi, L. (2021). Ecological Footprint as an Indicator of Corporate Environmental Performance-Empirical Evidence from Hungarian SMEs. Sustainability: Science Practice and Policy, 13(2), 1000. https://doi.org/10.3390/su13021000 DOI: https://doi.org/10.3390/su13021000
  89. Talbot, D., Raineri, N., & Daou, A. (2021). Implementation of Sustainability Management Tools: The Contribution of Awareness, External Pressures, and Stakeholder Consultation. Corporate Social Responsibility and Environmental Management, 28(1), 71-81. https://doi.org/10.1002/csr.2033 DOI: https://doi.org/10.1002/csr.2033
  90. Tang, M., Walsh, G., Lerner, D., Fitza, M. A., & Li, Q. (2018). Green Innovation, Managerial Concern and Firm Performance: An Empirical Study. Business Strategy and the Environment, 27(1), 39-51. https://doi.org/10.1002/bse.1981 DOI: https://doi.org/10.1002/bse.1981
  91. Tani, M., Papaluca, O., & Sasso, P. (2018). The System Thinking Perspective in the Open-Innovation Research: A Systematic Review. Journal of Open Innovation Technology Market and Complexity, 4(3), 38. https://doi.org/10.3390/joitmc4030038 DOI: https://doi.org/10.3390/joitmc4030038
  92. Torres, G., Robledo, S., & Berrío, S. R. (2021). Orientación al mercado: importancia, evolución y enfoques emergentes usando análisis cienciométrico. Criterio Libre, 19(35), 326-340. https://doi.org/10.18041/1900-0642/criteriolibre.2021v19n35.8371 DOI: https://doi.org/10.18041/1900-0642/criteriolibre.2021v19n35.8371
  93. Torugsa, N. A., O’Donohue, W., & Hecker, R. (2013). Proactive CSR: An Empirical Analysis of the Role of Its Economic, Social and Environmental Dimensions on the Association Between Capabilities and Performance. Journal of Business Ethics: JBE, 115(2), 383-402. https://doi.org/10.1007/s10551-012-1405-4 DOI: https://doi.org/10.1007/s10551-012-1405-4
  94. Trejos-Salazar, D. F., Duque, P. L., Montoya, L. A., & Montoya, I. A. (2021). Neuroeconomía: una revisión basada en técnicas de mapeo científico. Revista De Investigación, Desarrollo e Innovación, 11(2), 243-260. https://doi.org/10.19053/20278306.v11.n2.2021.12754 DOI: https://doi.org/10.19053/20278306.v11.n2.2021.12754
  95. Trumpp, C., & Guenther, T. (2017). Too Little or Too Much? Exploring U-shaped Relationships Between Corporate Environmental Performance and Corporate Financial Performance. Business Strategy and the Environment, 26(1), 49-68. https://doi.org/10.1002/bse.1900 DOI: https://doi.org/10.1002/bse.1900
  96. Valdez-Juárez, L. E., Gallardo-Vázquez, D., & Ramos-Escobar, E. A. (2018). CSR and the Supply Chain: Effects on the Results of SMEs. Sustainability: Science Practice and Policy, 10(7), 2356. https://doi.org/10.3390/su10072356 DOI: https://doi.org/10.3390/su10072356
  97. Venugopal, A., Krishnan, T. N., Upadhyayula, R. S., & Kumar, M. (2020). Finding the Microfoundations of Organizational Ambidexterity. Demystifying the Role of Top Management Behavioural Integration. Journal of Business Research, 106, 1-11. https://doi.org/10.1016/j.jbusres.2019.08.049 DOI: https://doi.org/10.1016/j.jbusres.2019.08.049
  98. Valencia, H. D. S., Robledo, S., Pinilla, R., Duque, M. N. D., & Gerard, O. T. (2020). SAP Algorithm for Citation Analysis: An improvement to Tree of Science. Ingeniería e Investigación, 40(1), 45-49. https://doi.org/10.15446/ing.investig.v40n1.77718 DOI: https://doi.org/10.15446/ing.investig.v40n1.77718
  99. Vyas, V., & Jain, P. (2020). Prioritization of Financial Performance Determinants in Indian SMEs. Journal of Indian Business Research, 12(2), 169-190. https://doi.org/10.1108/JIBR-03-2018-0088 DOI: https://doi.org/10.1108/JIBR-03-2018-0088
  100. Waddock, S. A., & Graves, S. B. (1997). The Corporate Social Performance-Financial Performance Link. Strategic Management Journal, 18(4), 303-319. https://doi.org/10.1002/(sici)1097-0266(199704)18:4<303::aid-smj869>3.0.co;2-g DOI: https://doi.org/10.1002/(SICI)1097-0266(199704)18:4<303::AID-SMJ869>3.0.CO;2-G
  101. Wallis, W. D. (2007). A Beginner’s Guide to Graph Theory. Springer/Birkhäuser. https://doi.org/10.1007/978-0-8176-4580-9 DOI: https://doi.org/10.1007/978-0-8176-4580-9
  102. Wernerfelt, B. (1984). A resource-Based View of the Firm. Strategic Management Journal, 5(2), 171-180. https://doi.org/10.1002/smj.4250050207 DOI: https://doi.org/10.1002/smj.4250050207
  103. Wiesner, R., Chadee, D., & Best, P. (2018). Managing Change Toward Environmental Sustainability: A Conceptual Model in Small and Medium Enterprises. Organization & Environment, 31(2), 152-177. https://doi.org/10.1177/1086026616689292 DOI: https://doi.org/10.1177/1086026616689292
  104. Yang, S., Keller, F. B., & Zheng, L. (2016). Social Network Analysis: Methods and Examples. Sage Publications. https://books.google.com/books/about/Social_Network_Analysis.html?hl=&id=2ZNlDQAAQBAJ DOI: https://doi.org/10.4135/9781071802847
  105. Zhang, J., & Luo, Y. (2017). Degree Centrality, Betweenness Centrality, and Closeness Centrality in Social Network. In Atlantis Press (Ed.), Proceedings of the 2017 2nd International Conference on Modelling, Simulation and Applied Mathematics (MSAM2017) (pp. 300-303). https://doi.org/10.2991/msam-17.2017.68 DOI: https://doi.org/10.2991/msam-17.2017.68
  106. Zhang, Y., & Wei, F. (2021). SMEs’ Charismatic Leadership, Product Life Cycle, Environmental Performance, and Financial Performance: A Mediated Moderation Model. Journal of Cleaner Production, 306, 127147. https://doi.org/10.1016/j.jclepro.2021.127147 DOI: https://doi.org/10.1016/j.jclepro.2021.127147
  107. Zhu, J., & Liu, W. (2020). A Tale of Two Databases: The Use of Web of Science and Scopus in Academic Papers. Scientometrics, 123(1), 321-335. https://doi.org/10.1007/s11192-020-03387-8 DOI: https://doi.org/10.1007/s11192-020-03387-8
  108. Zupic, I., & Čater, T. (2015). Bibliometric Methods in Management and Organization. Organizational Research Methods, 18(3), 429-472. https://doi.org/10.1177/1094428114562629 DOI: https://doi.org/10.1177/1094428114562629
  109. Zuschke, N. (2020). An Analysis of Process-Tracing Research on Consumer Decision-Making. Journal of Business Research, 111, 305-320. https://doi.org/10.1016/j.jbusres.2019.01.028 DOI: https://doi.org/10.1016/j.jbusres.2019.01.028

Downloads

Download data is not yet available.

Similar Articles

<< < 4 5 6 7 8 9 10 11 12 13 > >> 

You may also start an advanced similarity search for this article.