This study investigates the impact of sustainability dimensions (economic, environmental, and social) on financial performance. A quantitative research design was used, and data were collected from employees working in small businesses in Saudi Arabia. A convenience sampling technique was used to gather responses from 332 employees. Data analysis was performed with structural equation modeling. The results revealed that sustainability dimensions such as economic, environmental, and social practices have a significant and positive influence on financial performance. Social sustainability exerts a stronger influence on the financial performance of small businesses. Altogether, it explains 59.1 percent of the variance in financial performance, which signifies strong explanatory power. The study findings indicate that sustainability initiatives as part of a business strategy bring financial success. Moreover, small businesses can perform better with economic, environmental, and social practices. Thus, it leads to enhancing operational efficiency, stakeholder trust, and profitability in line with the national agenda under Vision 2030. Practitioners can take advantage of adopting sustainable business approaches in order to enhance organizational performance.
Ebodey et al. (Thu,) studied this question.