Circular economy and financial performances of European SMEs

Mocanu, Cristina; Militaru, Eva; Zamfir, Ana Maria; Maer-Matei, Monica Mihaela

doi:10.1016/b978-0-12-819817-9.00024-7

Cited by 2 publications

(1 citation statement)

References 23 publications

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“…However, the global economy is currently under threat due to various crises that have occurred over the years. Researchers have contributed to constructing new frameworks to address this issue [ 43 ], while other researchers examined sustainable business practices and financial performances of Small and Medium Enterprises (SMEs) [ 44 ]. The ninth goal aims to build a strong infrastructure, promote sustainable industrialization, and drive innovation.…”

Section: Introductionmentioning

confidence: 99%

Artificial intelligence and sustainable development during the pandemic: An overview of the scientific debates

Năstasă,

Dumitra,

Grigorescu

2024

Heliyon

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Section: Introductionmentioning

confidence: 99%

Artificial intelligence and sustainable development during the pandemic: An overview of the scientific debates

Năstasă,

Dumitra,

Grigorescu

2024

Heliyon

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Transitioning drivers from linear to circular economic models: evidence of entrepreneurship in emerging nations

Beheshti,

Amoozad Mahdiraji,

Rocha-Lona

2023

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PurposeVarious publications have extensively documented the advantages of a circular economy in ensuring sustainability and limiting climate change. Despite academic records emphasising the need to adopt this business strategy, entrepreneurs in developing countries prefer linear economies. This reluctance is attributable to several factors, including insufficient infrastructure and technology, limited financial access, inadequate education systems and the prevalence of informal enterprises. Therefore, a thorough analysis of the underlying economic, political and social conditions is required to identify the drivers of circular economies (CEs) and their contribution to entrepreneurship in developing countries.Design/methodology/approachIn this study, the authors first conducted a comprehensive quantitative literature review based on LangChain to identify the critical CE drivers from the social, technological and organisational perspectives. Based on the input from the expert panel of Iranian academic and industry professionals, the authors applied an integrated fuzzy interpretive structural modelling and cross-impact matrix multiplication approach to classification (Fuzzy-ISM-MICMAC) to investigate the chronology of entrepreneurial drivers.FindingsLevel-based model results reveal entrepreneurial drivers in developing nations and their interrelationships, specifically underlining the importance of supply chain factors and stakeholder preferences. Thus, the differences between the perception of the main drivers in developed and developing economies can be identified, with the former paying particular attention to legislative and financial factors. The study's findings contribute to conserving resources, reducing waste and adopting more sustainable corporate practices, thereby assisting developing countries in achieving development goals.Originality/valueThis study employs an innovative quantitative systematic literature review approach that relies on a large language model to identify the drivers of the CE. Furthermore, it adopts a systematic approach to examine the enablers of the CE rather than a narrow and individual perspective of the entrepreneurial drivers. The study employs the fuzzy ISM MICMAC technique to showcase the prioritisation of entrepreneurial prospects in emerging economies.

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Circular economy and financial performances of European SMEs

Cited by 2 publications

References 23 publications

Artificial intelligence and sustainable development during the pandemic: An overview of the scientific debates

Artificial intelligence and sustainable development during the pandemic: An overview of the scientific debates

Transitioning drivers from linear to circular economic models: evidence of entrepreneurship in emerging nations

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