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The Economics Sustainability in Medium and Small Companies in Colombia (SMEs)
Abstract
The purpose of this chapter is to explain the importance of SMEs for Colombian economic growth and how business sustainability can generate value, innovation, and respect for the environment. The chapter analyzes how SMEs could create economic sustainability based on the study carried out by Avellaneda et al. for the Colombian case. It is structured with the main objective of explaining the most important barriers to sustainable practices of SMEs in developing countries. Some theoretical elements that allow SMEs to create sustainable value in companies and the main stylized fact of SMEs at world level are introduced. Finally, the chapter analyzes how to integrate sustainability into business practices based on the study carried out by the EAN University in a sample of SMEs between 2000 and 2009.
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