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Sustainable Leadership Practices Driving Financial Performance: Empirical Evidence from Thai SMEs

College of Management, Mahidol University, 69 Vipawadee Rangsit Road, Phayathai, Bangkok 10400, Thailand
Macquarie Graduate School of Management, Macquarie University, 99 Talavera Road, Macquarie Park NSW 2109, Australia
Author to whom correspondence should be addressed.
Academic Editor: Giuseppe Ioppolo
Sustainability 2016, 8(4), 327;
Received: 13 January 2016 / Revised: 25 March 2016 / Accepted: 29 March 2016 / Published: 1 April 2016
(This article belongs to the Special Issue Sustainable Leadership and Management)
PDF [648 KB, uploaded 1 April 2016]


Many managers and researchers alike are asking: What does an enterprise need to do to generate a proper balance between economic, social, and ecological objectives while gaining superior corporate financial performance, resilience, and sustainability? Several leadership concepts for enhancing organizational sustainability have emerged in recent years, but none provides an integrative approach, with the exception of Sustainable Leadership (SL). However, empirical research examining the effects of various SL practices on financial performance and other business outcomes is lacking. This article addresses this gap by empirically investigating the relationships between 23 SL practices and financial performance. Using a cross-sectional survey, data stem from 439 managers in small and medium-sized enterprises (SMEs) in Thailand. Of the 23 SL practices in SL, 16 were significantly associated with corporate financial performance. Four SL practices, in particular—amicable labor relations, valuing employees, social responsibility, plus strong and shared vision—were significant drivers, and positive predictors, of enhanced long-term firm performance. Lastly, implications, limitations, and future directions are discussed. View Full-Text
Keywords: Leadership; Sustainable Leadership; financial performance; sustainability; SMEs; Thailand Leadership; Sustainable Leadership; financial performance; sustainability; SMEs; Thailand

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Suriyankietkaew, S.; Avery, G. Sustainable Leadership Practices Driving Financial Performance: Empirical Evidence from Thai SMEs. Sustainability 2016, 8, 327.

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