Effective Leadership and Management in the Sustainable Development of Small and Medium-Sized Enterprises

A special issue of Administrative Sciences (ISSN 2076-3387). This special issue belongs to the section "Leadership".

Deadline for manuscript submissions: 30 June 2025 | Viewed by 6698

Special Issue Editors


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Guest Editor
GOVCOPP – Research Unit on Governance, Competitiveness and Public Policies, Higher Institute of Accounting and Administration (ISCA-UA), University of Aveiro, 3810-500 Aveiro, Portugal
Interests: corporate finance; corporate governance; behavioral finance; sustainable finance
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
GOVCOPP – Research Unit on Governance, Competitiveness and Public Policies; Higher Institute of Accounting and Administration (ISCA-UA), University of Aveiro, 3810-500 Aveiro, Portugal
Interests: financial markets; sustainable finance; energy finance; financial economics
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
Polytechnic Institute of Santarém, School of Management and Technology, Complexo Andaluz, Apartado 295, 2001-904 Santarém, Portugal
Interests: corporate governance; corporate finance; financial markets; sustainable finance

Special Issue Information

Dear Colleagues,

According to Martins et al. (2022), research on sustainability issues has mainly focused on larger firms. However, according to the International Finance Corporation (2023) micro-, small, and medium enterprises (MSMEs) represent 90% of world businesses, contributing to around two-thirds of the world’s employment and almost one-half of the global gross domestic product (GDP). Additionally, it is expected that SMEs will become a major driver of world sustainable development (World Economic Forum, 2021).

Since the literature devoted to sustainability on SMEs is scarce (Almeida et al., 2022; Zhu & Huang, 2023) and considering their future relevance to the achievement of this global purpose, this Special Issue intends to promote research focused on SMEs’ leadership for a better understanding of the determinants and mediators of SME sustainable development.

Although not limited to only these topics, we call for articles trying to answer the following questions:

  1. Are there leader demographic/psychological characteristics or organizational characteristics (e.g., ownership structures, governance structures) that promote or inhibit the sustainable development of SMEs?
  2. Which are, from the leader’s perspective, the most relevant external determinants for the sustainable development of SMEs?
  3. Are leaders using sustainable finance instruments to implement the sustainable development of SMEs? If so, which are the most common?

We request that, before submitting a manuscript, interested authors initially submit a proposed title and an abstract of 300-500 words summarizing their intended contribution. Please send it to the Guest Editors (Email A) or to the Administrative Sciences Editorial Office (admsci@mdpi.com). Abstracts will be reviewed by the Guest Editors to ensure proper fit within the scope of the Special Issue. Full manuscripts will undergo double-blind peer review.

References:

International Finance Corporation (2023). SME Finance Forum, Annual Report 2022. https://www.smefinanceforum.org/about/annual-report.

Martins, A., Branco, M.C., Melo, P.N., & Machado, C. (2022). Sustainability in Small and Medium-Sized Enterprises: A Systematic Literature Review and Future Research Agenda. Sustainability, 14, 6493. https://doi.org/10.3390/su14116493.

World Economic Forum (2021). Future Readiness of SMEs: Mobilizing the SME Sector to Drive Widespread Sustainability and Prosperity. https://www3.weforum.org/docs/WEF_Future_Readiness_of_SMEs_2021.pdf.

Zhu, J. & Huang, F. (2023). Transformational Leadership, Organizational Innovation, and ESG Performance: Evidence from SMEs in China. Sustainability, 15, 5756. https://doi.org/10.3390/su15075756.

Dr. Elisabete Vieira
Dr. Mara Madaleno
Dr. João Teodósio
Guest Editors

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Keywords

  • leadership
  • governance structures
  • directors’ diversity
  • environmental social and governance (ESG)
  • corporate social responsibility (CSR)
  • small and medium enterprises (SMEs)
  • sustainability
  • managers’ characteristics

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Published Papers (3 papers)

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Research

17 pages, 1115 KiB  
Article
Driving SME Growth Through Digital Leadership: Exploring Tenure and Transformation Dynamics
by Muhammad Imran, Rawiyah Abdul Hamid and Adnan ul Haque
Adm. Sci. 2025, 15(3), 104; https://doi.org/10.3390/admsci15030104 - 15 Mar 2025
Viewed by 645
Abstract
The main objective of this study is to investigate the role of digital leadership in the sustainability of SMEs. Furthermore, this study examines the mediating role of digital transformation between digital leadership and SME sustainability and the moderating role of leadership tenure on [...] Read more.
The main objective of this study is to investigate the role of digital leadership in the sustainability of SMEs. Furthermore, this study examines the mediating role of digital transformation between digital leadership and SME sustainability and the moderating role of leadership tenure on the relationship between digital leadership and digital transformation. This research provides a unique perspective by exploring these connections within the context of developing countries by considering Malaysia as a case study. We employed the structural equation modeling (SEM) technique to analyze the 368 respondents’ data. The study results found a positive relationship between digital leadership and SMEs’ sustainability. Furthermore, it also revealed the positive and significant mediating role of digital transformation between digital leadership and SME sustainability. Examining mediating and moderating factors provided valuable insights for SMEs and policymakers alike. Research findings contribute to both theoretical understanding and practical applications. Full article
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28 pages, 7658 KiB  
Article
Evolution of the Concept and Scientific Mapping of Sustainable Human Resource Management S-(HRM)
by Camilo Giraldo-Giraldo, Mercedes Rubio-Andrés, Elkin Darío Rave-Gómez and Santiago Gutiérrez-Broncano
Adm. Sci. 2025, 15(2), 39; https://doi.org/10.3390/admsci15020039 - 28 Jan 2025
Viewed by 1349
Abstract
The objective of this study was to analyse the evolutionary field of sustainable human resource management (S-(HRM)) over four strategically chosen sub-periods in order to understand its behaviour in the period from 1991 to 2024. We started by conducting a comprehensive review of [...] Read more.
The objective of this study was to analyse the evolutionary field of sustainable human resource management (S-(HRM)) over four strategically chosen sub-periods in order to understand its behaviour in the period from 1991 to 2024. We started by conducting a comprehensive review of research articles related to our topic, aiming to produce a scientific, accurate, and well-argued result through quantitative and empirical research, incorporating both factorial and exploratory analyses. We began by carrying out an exhaustive review of different research articles related to our topic in order to generate a scientific, truthful and argumentative result, from quantitative and empirical research, in relation to a factorial and exploratory analysis. Regarding the analysis of the period between the years chosen for this research (1991–2024), we observe that the subject analysed has gradually evolved, with an increase in publications, as evidenced in the different graphs. In turn, the analysis of the most prominent themes for the sub-periods is illustrated by their classification in strategic diagrams and structured spheres quantified in the statistical software SciMAT v1.1.06, through keywords, which is the strategy best adapted to this type of research. The analysis (keywords) configures the most important concepts of the research field. Full article
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25 pages, 2054 KiB  
Article
Exploring the Effects of Financial Knowledge on Better Decision-Making in SMEs
by Vicente González-Prida, Diana Pariona-Amaya, Juan Manuel Sánchez-Soto, Sonia Luz Barzola-Inga, Uldarico Aguado-Riveros, Fabricio Miguel Moreno-Menéndez and Mark David Villar-Aranda
Adm. Sci. 2025, 15(1), 24; https://doi.org/10.3390/admsci15010024 - 11 Jan 2025
Cited by 1 | Viewed by 3263
Abstract
The knowledge on financial management highly matters as it assists the micro-entrepreneurs in the making of right and sustainable business decisions. This research seeks to examine the effects of financial literacy on microenterprise decision-making in order to improve rational decision-making in financial management. [...] Read more.
The knowledge on financial management highly matters as it assists the micro-entrepreneurs in the making of right and sustainable business decisions. This research seeks to examine the effects of financial literacy on microenterprise decision-making in order to improve rational decision-making in financial management. A structured questionnaire with Likert-scaled options was used to measure micro-entrepreneurs’ financial decision-making capacity in terms of information processing and decision-making. They demonstrate a favorable relationship between financial education and rationality, which refers to micro-entrepreneurs’ capacity to select from a range of acceptable options. Based on the findings presented in this research, it is suggested that greater efforts should be paid to the integration of financial literacy within any form of entrepreneurial training targeting improvement in sustainability dimensions and qualities of decisions made by micro-entrepreneurs. Through increased financial knowledge, micro-entrepreneurs can manage financial problems effectively and thereby support the growth of sustainable microenterprises. Moreover, such observations suggest that all future policies must focus on and incorporate financial literacy as the defining strategy towards the improvement of the microenterprise sector and, therefore, economic growth. Full article
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