Financial Resources for the Circular Economy: A Perspective from Businesses
By Alfonso Aranda‐Usón, Pilar Portillo-Tarragona, Luz María Marín-Vinuesa, Sabina Scarpellini. Sustainability, 2019
157 citations recorded by the source corpus.
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.
Subfields: Business and International Management, Marketing, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/62209be1e328b25d63be1976c854bd3efd1a3049
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In Strategy and Management
Citations in the corpus
- How Does Financial Literacy Promote Sustainability in SMEs? A Developing Country Perspective (2019, background): “[54] found that increasing the availability and quality of sources of finance stimulated the implementation of circular economy initiatives in businesses.”