Traditionally,　firms　tend　to　incline　toward　financial　performance　and　profitability　to　surge　shareholder＇s　wealth.　In　the　modern　day,　in　addition　to　financial　performance,　innovative　and　environmental　performance　has　also　become　a　central　effort.　However,　all　firms　are　not　flourished　in　the　achievement　of　financial,　innovative,　and　environmental　performance,　particularly　small-　and　medium-sized　enterprises　(SMEs),　which　need　adequate　financial　resources　due　to　lack　of　resources　and　can　search　for　opportunities　to　boost　their　performance.　This　research　examines　the　role　of　financial　availability　in　financial,　innovative,　and　environmental　performance　with　a　mediating　role　of　opportunity　recognition.　Empirical　evidence　is　collected　through　structured　questionnaires　from　347　SMEs　operating　in　the　emerging　market　Pakistan.　Hypotheses　are　tested　in　Analysis　of　a　Moment　Structure　(AMOS)　using　structural　equation　modeling.　Results　indicate　that　satisfactory　financial　resources　significantly　contribute　to　financial　and　innovative　performance　but　play　an　insignificant　role　in　environmental　performance　as　well.　In　addition,　firms　with　enough　financial　capital　recognize　new　opportunities　significantly　via　opportunity　recognition　mediator,　where　partially　mediating　the　relation　between　financial　availability　and　financial/innovative　performance.　However,　firms　fully　mediate　the　link　between　financial　availability　and　environmental　performance.　Our　research　findings　recommend　CEOs　and　top　managers　to　utilize　their　financial　resources　in　an　efficient　way　to　achieve　the　advantage　of　the　new　opportunity　recognition,　superior　financial,　innovative,　and　environmental　performance.