Business Sustainability Factors of Mining Companies Based on SEM Model

Abstract

The main goal of the study is to determine the factors of business sustainability, that is, to investigate the effect of knowledge management (KM) on green innovation (GI) and sustainable business (SB), both at the constructs and at the dimensional level, as well as to investigate whether green innovation is a mediator in the relationship between KM activities and SB, and between KM and SB dimensions of mining companies. The research and pilot test were carried out between March and mid-July 2022, and 288 employees from 32 Serbian mining companies were selected using a non-probabilistic convenience sample. The causal relationship between KM, GI, and the SB of the mining industry was assessed using the structural equation modeling methodology. The bootstrap procedure was used to assess the indirect effects of KM through GI on SB and its dimensions. The results showed that KM significantly influences GI and SB, both at the constructs and at the dimensional level. In addition, GI significantly determine SB. At the dimensional level, each of the dimensions of KM significantly affects the dimensions of GI and the SB dimensions. The impact of GI dimensions on the SB dimensions are also significant. The relationship between KM and SB, as well as KM and SB dimensions, was found to be partially mediated by GI.