Leveraging the circular economy: Investment and innovation as drivers

Lehmann, Carlotta; Cruz-Jesus, Frederico; Oliveira, Tiago; Damásio, Bruno

doi:10.1016/j.jclepro.2022.132146

Cited by 32 publications

(24 citation statements)

References 80 publications

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“…In contrast, previously, economic growth frequently relied on the consumption of natural resources as though these resources were inexhaustible [ 27 ]. The circular economy is a system that “as long as possible maintains the value time of products, materials, and resources in economy, and minimizes the waste generation” [ 28 ], according to the European Commission. It emphasizes the entire process and outcomes of economic activity.…”

Section: Literaturementioning

confidence: 99%

Assessing the Impact of Green Transformation on Ecological Well-Being Performance: A Case Study of 78 Cities in Western China

2022

IJERPH

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The contradiction between the endless pursuit of material possessions and finite natural resources hampers ecological well-being performance (EWP) improvement. Green transformation, recognized as an emerging strategy in sustainable development, can help to coordinate ecological, social, and economic growth by optimizing resource usage, with the ultimate objective of enhancing EWP. This research quantifies how green transformation influences EWP by using panel data from 78 prefecture-level cities in western China from 2012 to 2019. Using the super-SBM and entropy weight models, we assess the EWP and green transformation index (GTI) of 78 prefecture-level cities in western China. On this basis, we quantify the spatial characteristics of EWP by an analysis of the Theil index and spatial autocorrelation. Finally, we examine how GTI affects EWP using the Spatial Durbin model. The results demonstrate that the GTI can raise the EWP of local and nearby cities in western China. According to a GTI analysis of internal indicators, the industrial solid waste usage, harm-less treatment rate of domestic waste, savings level, and R&D expenditure significantly affect EWP. In contrast, the soot emission and consumption levels impede EWP advancement. The analysis of effect decomposition indicates that the sewage treatment rate, expenditure on science and technology, and green patents have a significant spatial spillover effect on the improvement of EWP.

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Section: Literaturementioning

confidence: 99%

Assessing the Impact of Green Transformation on Ecological Well-Being Performance: A Case Study of 78 Cities in Western China

2022

IJERPH

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“…Moreover, based on the continuous improvement of talent training level and the rapid change of higher education, "enterprise innovation" has served as a solid force at intermediate level to optimize the functions of the capital market and adjust and change the industrial structure, which is also a significant cornerstone for the healthy development and competitiveness improvement of microenterprises. Despite the existing literature, comprehensive studies have been conducted on the factors for enterprise innovation, including industrial policy at the macrolevel [10], such as governance system [11,12] and financial environment [13], and at the microlevel, corporate governance [14], internal control [15], and accounting conservatism [16,17]. How to play the role of corporate social responsibility in corporate innovation through targeted poverty alleviation has been rarely investigated.…”

Section: The Introductionmentioning

confidence: 99%

Participation in Targeted Poverty Alleviation and Enterprise Innovation Investment: Analysis of the Mediating Effect Test Model Based on Financing Constraints

Gao

Huai-ming

2022

Journal of Function Spaces

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In China, enterprises participating in targeted poverty alleviation can be provided with a strategic resource to enhance their ultimate value creation ability and directly win reputation and obtain sustainable competitive advantages, thus enhancing their innovation ability. In this study, the influence and mechanism of the participation in targeted poverty alleviation on enterprise innovation investment are empirically examined based on financing constraints with the data of nonfinancial listed companies in Shanghai and Shenzhen from 2012 to 2019 as the object. The research suggests that enterprises taking the initiative to participate in targeted poverty alleviation can first have increased innovation investment and especially enhanced exploratory innovation ability. Second, enterprises’ participation in targeted poverty alleviation can reduce financing constraints of enterprises’ innovation, improve their resource allocation efficiency, and stimulate their innovation vitality primarily through the influence of resource, reputation, and information. This study enriches the theoretical research on the economic consequences of targeted poverty alleviation and provides a reference for guiding enterprises in practice to fulfill social responsibilities to promote enterprises’ innovation vigor and boost their high-quality development.

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“…Technical conditions include the level of technological innovation and the level of development of big data. The circular economy is a new economic system that effectively integrates material, value and information flow, with the core idea of reducing waste and extending the life of materials while maintaining their value (Lehmann et al, 2022). Technological innovation is the key to achieving closed-loop material flows at all stages of production, distribution and consumption.…”

Section: Technical Conditionsmentioning

confidence: 99%

“…Most papers explore the drivers and barriers to implementing the circular economy (Paletta et al, 2019;Khan et al, 2022;Neves and Marques, 2022). Lehmann et al (2022) found that the circular economy is self-reliant; investment can promote the circular economy by reducing environmental degradation and promoting resource efficiency; innovation only has an impact on reducing environmental degradation, and human capital does not have a significant impact on the circular economy. Gusmerotti et al (2019) conducted a logit regression to identify the drivers of the circular economy based on questionnaire data from 821 Italian companies and found that economic drivers have an important contribution to the circular economy, while the role of regulatory pressure, resource exploitation risks and environmental values remained insignificant.…”

Section: Introductionmentioning

confidence: 99%

A study on the path of improving the performance of China’s provincial circular economy—An empirical study based on the fsQCA method

Zhu

Lai²,

Zhang³

et al. 2022

Front. Environ. Sci.

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Circular economy is an important trend in the development of the world economy. The establishment of a sound green and low-carbon circular economy system is an important way and method for China to promote sustainable development. Based on the Technology-Organization-Environment (TOE) framework, this paper investigates the linkage effects of technological, organizational, and environmental conditions on the performance of the circular economy and their configuration paths using the fuzzy set qualitative comparative analysis method (fsQCA) with 30 provincial-level circular economy development levels in China as a case study. The study found that: 1) China’s circular economy performance in 2019 shows regional differences of “high in the east, medium in the centre and low in the west,” and there are also imbalances in development between different dimensions. 2) There is no single necessary condition that affects the circular economy, but rather the result of the combined influence of multiple condition variables. And the combination of different conditions has the characteristic of “different ways and the same way”. 3) There are obvious differentiations in the performance-driven paths of circular economy in eastern, central and western regions of China. Based on the research results, policy recommendations are provided for the development of China’s circular economy to promote the balanced development of the circular economy in the east, central and west.

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Leveraging the circular economy: Investment and innovation as drivers

Cited by 32 publications

References 80 publications

Assessing the Impact of Green Transformation on Ecological Well-Being Performance: A Case Study of 78 Cities in Western China

Assessing the Impact of Green Transformation on Ecological Well-Being Performance: A Case Study of 78 Cities in Western China

Participation in Targeted Poverty Alleviation and Enterprise Innovation Investment: Analysis of the Mediating Effect Test Model Based on Financing Constraints

A study on the path of improving the performance of China’s provincial circular economy—An empirical study based on the fsQCA method

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