Tang Xuelian
College of Science and Technology, Ningbo University, Ningbo, China.
Front Psychol. 2022 Apr 26;13:857193. doi: 10.3389/fpsyg.2022.857193. eCollection 2022.
Firm innovation relies heavily on financing, which is why it is a hot topic in the fields of finance and innovation management. Organizations can make strategic investments in production factors to develop competitive advantages because they have access to financial resources. This study investigated how financial literacy, innovativeness, and environmental sustainability influence the sustainability of small and medium-sized enterprises (SMEs). This was set as the primary objective in order to better understand the nature of the impact of financial literacy and innovation on the sustainability of SME firms. To test the hypotheses, structural equation modeling (SEM) was applied using data collected from 300 small businesses firms in China. The results revealed that financial literacy and innovativeness significantly influence small firms' sustainability. Additionally, social inclusion significantly affects small firms' sustainability, and sequentially has a significant effect on their performance. Research findings suggested that small businesses incorporate sustainability models into their operations and enhance financial knowledge in order to maintain sustainability.
企业创新严重依赖融资，这就是为什么它是金融和创新管理领域的热门话题。组织能够对生产要素进行战略投资以发展竞争优势，因为它们能够获得金融资源。本研究调查了金融素养、创新能力和环境可持续性如何影响中小企业的可持续性。设定这一目标作为主要目的，以便更好地理解金融素养和创新对中小企业可持续性影响的本质。为了检验假设，使用从中国300家小企业收集的数据应用了结构方程模型（SEM）。结果表明，金融素养和创新能力显著影响小企业的可持续性。此外，社会包容性显著影响小企业的可持续性，并依次对其绩效产生显著影响。研究结果表明，小企业应将可持续性模式纳入其运营并增强金融知识，以维持可持续性。
