Green Entrepreneurship in Emerging Markets

This review examines green entrepreneurship in emerging markets. The organizing question is how finance, institutions, infrastructure, capabilities, and local demand shape venture formation and impact. Ten related scholarly sources are synthesized through a decision-centered framework spanning problem definition, mechanism, measurement, evaluation, implementation, and governance. The review does not invent experiments, pooled estimates, or unreported quantitative results. It instead evaluates the strength and transferability of the available evidence, with particular attention to importing ecosystem models without accounting for institutional and distributional context. The resulting framework links technical or empirical performance to explicit use conditions and identifies tests that should precede wider adoption in sustainable enterprise and regional development.

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2. Hoogendoorn, B., Zwan, P. V. D., & Thurik, R. (2017). Sustainable Entrepreneurship: The Role of Perceived Barriers and Risk. Journal of Business Ethics, 157(4), 1133-1154. https://doi.org/10.1007/s10551-017-3646-8 DOI
3. Lotfi, M., Yousefi, A., & Jafari, S. (2018). The Effect of Emerging Green Market on Green Entrepreneurship and Sustainable Development in Knowledge-Based Companies. Sustainability, 10(7), 2308. https://doi.org/10.3390/su10072308 DOI
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5. Machado, C. G., Winroth, M. P., & Silva, E. H. D. R. D. (2019). Sustainable manufacturing in Industry 4.0: an emerging research agenda. International Journal of Production Research, 58(5), 1462-1484. https://doi.org/10.1080/00207543.2019.1652777 DOI
6. Misztal, A., & Kowalska, M. (2023). Factors of green entrepreneurship in selected emerging markets in the European Union. Environment Development and Sustainability, 26(11), 28269-28292. https://doi.org/10.1007/s10668-023-03811-y DOI
7. Mrkajic, B., Murtinu, S., & Scalera, V. G. (2017). Is green the new gold? Venture capital and green entrepreneurship. Small Business Economics, 52(4), 929-950. https://doi.org/10.1007/s11187-017-9943-x DOI
8. O'Neill, K., & Gibbs, D. (2016). Rethinking green entrepreneurship – Fluid narratives of the green economy. Environment and Planning A Economy and Space, 48(9), 1727-1749. https://doi.org/10.1177/0308518x16650453 DOI
9. Odeyemi, O., Usman, F. O., Mhlongo, N. Z., Elufioye, O. A., & Ike, C. U. (2023). Sustainable entrepreneurship: A review of green business practices and environmental impact. World Journal of Advanced Research and Reviews, 21(2), 346-358. https://doi.org/10.30574/wjarr.2024.21.2.0461 DOI
10. Sadiq, M., Nonthapot, S., Mohamad, S., Keong, O. C., Ehsanullah, S., & Iqbal, N. (2021). Does green finance matter for sustainable entrepreneurship and environmental corporate social responsibility during COVID-19?. China Finance Review International, 12(2), 317-333. https://doi.org/10.1108/cfri-02-2021-0038 DOI