Circular economy - foundament of challenges for business environment

Dobrotă, Gabriela; Dobrotă, Dan; Petrescu, Valentin

doi:10.1515/cplbu-2017-0056

Cited by 5 publications

(4 citation statements)

References 6 publications

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“…The results suggest that, for the analyzed sector, the return on equity, the level of debt, the structure of capital, the level of sales and the net profit are elements which, according to the economic growth rate and fiscal degree, are essential for the strategic business management in the context of the need to ensure the sustainability of financial performance of companies [34]. Also, in accordance with [35], taxation remains an instrument that can be used by authorities to stimulate the development of a circular economy model so as to ensure sustainable development. Managing the tax burden, in conjunction with the company's strategic objectives, can determine a reduction in tax costs and risk.…”

Section: Discussionmentioning

confidence: 94%

Implications of Fiscal Pressure on the Sustainability of the Equilibrium and Performance of Companies. Evidences in the Rubber and Plastic Industry from Romania

2019

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The relationship between the degree of taxation, the activity of firms and the performance measured by the ability to achieve positive results and to ensure a financial equilibrium has been an important issue in the debate in a great deal of research, but in most of them, the analyses were reported according to a set of factors (inclusive the fiscal degree). This paper comprises an empirical investigation to identify the effects of the degree of taxation on financial stability and the balance of enterprises. An analysis of the degree of taxation and of the economic growth rate in Romania was made in the first part, and, after that, empirical analyzes were conducted on how the volume of taxes, the capital structure and other indicators influences the level of value added as well as the volume of fiscal pressure and the duration of payment of tax liabilities. Using data on the level of macroeconomic taxation, as well as information on financial equilibrium indicators at the level of some representative companies in the field of rubber and plastic processing listed on the stock exchange, a model of the existing relationships between a series of indicators related to financial equilibrium and economic growth rate, fiscal pressure and profitability was produced, using statistical analyses based upon multiple regressions and simulations in SPSS software. The main conclusions show that taxes and fees influence the financial positions of firms by changes in the volume and structure of the capital used, the level of profit/loss, as well as financial equilibrium, at the level of solvency and liquidity. Also, the results extend the understanding of the importance the tax administration in creating added value, ensuring financial equilibrium and good performance in the context of the sustainable development of companies.

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Section: Discussionmentioning

confidence: 94%

Implications of Fiscal Pressure on the Sustainability of the Equilibrium and Performance of Companies. Evidences in the Rubber and Plastic Industry from Romania

2019

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“…(1) Aspirational component: Virtually all definitions present the circular economy as either a means to achieve a pre-defined aspirational societal model, typically 'sustainable development' (Dobrota  , Dobrota  , and Petrescu 2017;Ghisellini, Cialani, and Ulgiati 2016) or 'economic decoupling' (Corona et al 2019). But some definitions also present the circular economy as an aspirational model by itself (Scarpellini et al 2019).…”

Section: The Circular Economy: Definitions Scope and Scales Of Operamentioning

confidence: 99%

Towards a territorial definition of a circular economy: exploring the role of territorial factors in closed-loop systems

Tapia

Bianchi

Pallaske³

et al. 2021

European Planning Studies

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“…In the first stage, when designing each product, designers need to assess the nature of the materials and energies used to ensure that an important milestone is reached to achieve a sustainable product. In a case where the selected materials and energies are not sustainable, their negative effects can be totally or partially canceled by optimized manufacturing technologies or the way the product is used [4].…”

Section: Introductionmentioning

confidence: 99%

“…In order to ensure a performant circular economy in the case of tires, the following conditions must be met [1,4]:…”

Section: Introductionmentioning

confidence: 99%

The Redesigning of Tires and the Recycling Process to Maintain an Efficient Circular Economy

Dobrotă

Dobrescu

et al. 2019

Sustainability

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The redesigning of tires is addressed from two points of view, namely the structure of the materials and the constructive shape of these products. The necessity for research is justified by the fact that even during the product design stage, there may be situations that can irreversibly affect the separation of product components (rubber and insertion), and because it is strictly necessary to achieve the reuse and recycling of waste components. The proposed redesign refers to the inscription of the types of materials that are present in each area on the lateral surface of the tire. Thus, the new redesign has positive effects both economically and socially. To highlight these, a cost-benefit analysis (CBA) has been applied and the net present value (NPV) as well as the internal rate of return (IRR) have been determined for the classic scenario and for the two proposed scenarios. Testing the financial sustainability of the proposed solution was done through sensitivity analysis. An analysis of the new tire design from the point of view of the circular economy was also presented. The results obtained have highlighted the effectiveness of the proposed solution from a technical, economic, social, and protection of the environment point of view.

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Circular economy - foundament of challenges for business environment

Abstract: ABSTRACT

Cited by 5 publications

References 6 publications

Implications of Fiscal Pressure on the Sustainability of the Equilibrium and Performance of Companies. Evidences in the Rubber and Plastic Industry from Romania

Implications of Fiscal Pressure on the Sustainability of the Equilibrium and Performance of Companies. Evidences in the Rubber and Plastic Industry from Romania

Towards a territorial definition of a circular economy: exploring the role of territorial factors in closed-loop systems

The Redesigning of Tires and the Recycling Process to Maintain an Efficient Circular Economy

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