Fostering circular economy in small and medium‐sized enterprises: The role of social capital, adaptive capacity, entrepreneurial orientation and a pro‐sustainable environment

IF 12.5 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2024-09-10 DOI:10.1002/bse.3948

Alberto Alcalde‐Calonge, Pablo Ruiz‐Palomino, Francisco José Sáez‐Martínez

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Abstract

This study addresses the challenges faced by small‐ and medium‐sized enterprises (SMEs) in undertaking sustainability projects due to limited resources and explores the factors influencing SMEs' adoption of circular economy (CE) practices, an area under‐researched in literature. Analysing data from 205 SMEs in Spain's forest bioeconomy sector using fuzzy sets (fs/QCA), the study finds that internal and external social capital, coupled with adaptive capacity, are crucial influences, particularly when SMEs exhibit an entrepreneurial culture. Conversely, if SMEs do not have an entrepreneurial orientation or the environment is not pro‐sustainable, these three characteristics may lead to low CE adoption. Thus, the study emphasizes SMEs' imperative to cultivate social capital, enhance adaptive capacity, and embrace innovation and risk‐taking to leverage internal and external resources and meet environmental demands, thereby reducing costs and time in adopting CE practices. Additionally, it underscores policymakers' pivotal role in fostering a pro‐sustainable environment, being critical for SME engagement in CE practices.

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促进中小型企业的循环经济：社会资本、适应能力、创业导向和有利于可持续发展的环境的作用

本研究探讨了中小型企业（SMEs）在开展可持续发展项目时因资源有限而面临的挑战，并探讨了影响中小型企业采用循环经济（CE）做法的因素，文献对这一领域的研究不足。通过使用模糊集（fs/QCA）对西班牙森林生物经济领域 205 家中小企业的数据进行分析，研究发现内部和外部社会资本以及适应能力是至关重要的影响因素，尤其是当中小企业表现出创业文化时。反之，如果中小企业没有创业导向或环境不利于可持续发展，这三个特征可能会导致对消费电子的采用率较低。因此，本研究强调中小企业必须培养社会资本、提高适应能力、勇于创新和承担风险，以充分利用内部和外部资源，满足环境需求，从而降低采用企业行为规范的成本和时间。此外，研究还强调了政策制定者在营造有利于可持续发展的环境方面所起的关键作用，这对中小企业参与企业行为至关重要。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Business Strategy and The Environment Multiple-

CiteScore

22.50

自引率

19.40%

发文量

336

期刊介绍： Business Strategy and the Environment (BSE) is a leading academic journal focused on business strategies for improving the natural environment. It publishes peer-reviewed research on various topics such as systems and standards, environmental performance, disclosure, eco-innovation, corporate environmental management tools, organizations and management, supply chains, circular economy, governance, green finance, industry sectors, and responses to climate change and other contemporary environmental issues. The journal aims to provide original contributions that enhance the understanding of sustainability in business. Its target audience includes academics, practitioners, business managers, and consultants. However, BSE does not accept papers on corporate social responsibility (CSR), as this topic is covered by its sibling journal Corporate Social Responsibility and Environmental Management. The journal is indexed in several databases and collections such as ABI/INFORM Collection, Agricultural & Environmental Science Database, BIOBASE, Emerald Management Reviews, GeoArchive, Environment Index, GEOBASE, INSPEC, Technology Collection, and Web of Science.