Financial Resources for the Circular Economy: A Perspective from Businesses

作者: Alfonso Aranda-Usón , Pilar Portillo-Tarragona , Luz Marín-Vinuesa , Sabina Scarpellini

DOI: 10.3390/SU11030888

关键词:

摘要: In recent years, a number of case studies of the circular economy in business have been analysed by academics. However, some areas of research are little explored at the micro level, such as the study of the characteristics of the financial resources applied to investments to introduce circular activities in businesses. Therefore, the main objective of this study is to define the resources applied to circular activities by firms. To describe the influence of financial resources on achieving a more advanced circular economy in business is also an objective of this paper. Using a sample of Spanish companies, we applied a partial least square structural equation model (PLS-SEM) to enhance the knowledge about financial resource management in the framework of the resource-based view. We find that availability of funds, quality of the firm’s own financial resources and public subsidies have a positive effect in stimulating the implementation of circular economy initiatives in businesses.

参考文章(124)
Ki-Hoon Lee, Byung Min, Green R&D for eco-innovation and its impact on carbon emissions and firm performance Journal of Cleaner Production. ,vol. 108, pp. 534- 542 ,(2015) , 10.1016/J.JCLEPRO.2015.05.114
Shu-Yuan Pan, Michael Alex Du, I-Te Huang, I-Hung Liu, E-E Chang, Pen-Chi Chiang, Strategies on implementation of waste-to-energy (WTE) supply chain for circular economy system: a review Journal of Cleaner Production. ,vol. 108, pp. 409- 421 ,(2015) , 10.1016/J.JCLEPRO.2015.06.124
William Blyth, Rory McCarthy, Robert Gross, None, Financing the UK power sector: Is the money available? Energy Policy. ,vol. 87, pp. 607- 622 ,(2015) , 10.1016/J.ENPOL.2015.08.028
Fawzi Halila, Jonas Rundquist, The development and market success of eco‐innovations: A comparative study of eco‐innovations and “other” innovations in Sweden European Journal of Innovation Management. ,vol. 14, pp. 278- 302 ,(2011) , 10.1108/14601061111148807
Joe F. Hair Jr, Marko Sarstedt, Lucas Hopkins, Volker G. Kuppelwieser, Partial least squares structural equation modeling (PLS-SEM): An emerging tool in business research European Business Review. ,vol. 26, pp. 106- 121 ,(2014) , 10.1108/EBR-10-2013-0128
A. Triguero, L. Moreno-Mondéjar, M.A. Davia, Eco-innovation by small and medium-sized firms in Europe: from end-of-pipe to cleaner technologies Innovation-the European Journal of Social Science Research. ,vol. 17, pp. 24- 40 ,(2015) , 10.1080/14479338.2015.1011059
Patrizia Ghisellini, Catia Cialani, Sergio Ulgiati, A review on circular economy: the expected transition to a balanced interplay of environmental and economic systems Journal of Cleaner Production. ,vol. 114, pp. 11- 32 ,(2016) , 10.1016/J.JCLEPRO.2015.09.007
Ihsen Ketata, Wolfgang Sofka, Christoph Grimpe, The role of internal capabilities and firms' environment for sustainable innovation: evidence for Germany R & D Management. ,vol. 45, pp. 60- 75 ,(2015) , 10.1111/RADM.12052