GREEN PROCUREMENT STRATEGIES AS DETERMINANTS OF FINANCIAL PERFORMANCE OF SMALL AND MEDIUM ENTERPRISES

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Owing to strong influence on economic and social issues, environmentalimpact attributed by SMEs activities is significant, not only for theirmagnitude but also in diversity. However SMEs are often unaware of theirenvironmental impact and lack the resources to implement environmentalinitiatives and since their environmental footprints are small and localized themeasily go unnoticed. Nevertheless the cumulative environmental impacts ofcountless SMEs constitute major environmental challenges to both regulators andstakeholders, (Kapolon, 2010).Environmental issues is now considered strategicand there has been debate all over the world concerning environmental issues(Green procurement).Many SMEs are reluctant to adopt green procurementstrategies until they find financial benefit for themselves. Thus the generalobjective of the study was to determine if green procurement strategies had aneffect on SMEs financial performance. The specific objectives were to determinethe extent to which recycling of waste, use of non pollutants, waste managementand use of energy saving products determined SMEs financial performance inEldoret town, Kenya. The study area was Eldoret town, Kenya and the researchdesign adopted was explanatory research design (bivariate analysis) because itcompares two variables, the dependent variable being financial performance andindependent variable is green procurement strategy. The research usedstratified and simple random sampling and Hotels, restaurants, bars andsupermarkets were the study units. There are more than 8175 SMEs in Eldorettown and the researcher used stratified sampling and targeted 80 respondents insupermarkets and 197 respondents in hotels/restaurant/bars. Data collectioninstruments used was five point likert scale questionnaire and structuredinterview.

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