Exploring the impact of ecopreneurship on organizational performance of quoted paint manufacturing firms in Nigeria: The moderating role of government regulation

Abstract

This study examines the relationship between ecopreneurship dimensions and organizational performance in quoted paint manufacturing companies in Nigeria, focusing on the moderating effect of government regulation. The research addresses the need to understand how ecopreneurship practices can impact organizational performance and explores the role of government regulations in shaping this relationship.The study employs a quantitative research methodology, with a population figure of quoted paint manufacturing companies in Nigeria. A purposive sampling technique is utilized to select a sample size of 336 companies. Data is collected through a structured questionnaire survey. The collected data is analyzed using hierarchical regression analysis to examine the moderating effect of government regulation on the relationship between ecopreneurship dimensions and organizational performance. The findings of the study provide important insights into the research hypotheses. The results indicate that ecopreneurship dimensions significantly positively affect organizational performance (β = 0.385, p<0.05). Furthermore, the introduction of government regulation as a moderator significantly improves the effect of ecopreneurship dimensions on organizational performance (R 2 ∆ = 0.032, F = 11.598, p<0.05). The results suggest that government regulation is crucial in moderating the relationship between ecopreneurship dimensions and organizational performance. Based on the findings, it is recommended that quoted paint manufacturing companies in Nigeria embrace ecopreneurship practices to enhance their organizational performance. This includes adopting environmentally friendly production processes, using sustainable materials, and implementing ecofriendly initiatives. Additionally, it is essential for companies to navigate and comply with relevant government regulations to fully leverage the benefits of ecopreneurship. Future research can explore specific ecopreneurship dimensions and strategies that paint manufacturing companies can adopt to enhance their organizational performance. Additionally, investigating the specific government regulations and policies that impact the relationship between ecopreneurship and organizational performance would provide valuable insights for companies. Furthermore, studying the long-term effects of embracing ecopreneurship on the financial and environmental sustainability of paint manufacturing companies would contribute to the existing knowledge in this field.