Digital Capabilities and Circular Economy Practices to Enhance Environmental and Economic Performance: The Role of Digital Technology-Environmental Strategy Alignment
Hulya Turkcan, Salih Zeki Imamoglu, Huseyin Ince, Serhat Erat
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引用次数: 0
Abstract
Although digitalization and circularity are two major topics today, studies on their relations and also their effects on firm outcomes are still scarce. In this regard, revealing the impact of digital capabilities on circular economy practices and how they relate to firm performance advances related literature. Moreover, there is no study in the literature on how to strengthen the relationship between digital capabilities and circular economy practices. Accordingly, this research investigates the relationship between digital capabilities and circular economy practices with the moderating effect of digital technology-environmental business strategy alignment. Furthermore, their impacts on environmental and economic performance are examined. Based on survey data from 204 manufacturing firms, this research reveals that digital capabilities relate to circular economy practices, and digital technology-environmental business strategy alignment strengthens this relationship. It is further demonstrated that digital capabilities indirectly affect environmental and economic performance through the mediating role of circular economy practices. This research, therefore, opens a new avenue for future exploration and contributes to the literature by providing a novel and in-depth explanation of the relationship between digital capabilities and circular economy practices, demonstrating the strengthening role of digital technology-environmental business strategy alignment, and revealing their effects on economic and environmental performance within the context of a developing country. Moreover, this research offers a new and thorough perspective for practitioners on how digital capabilities provide greater value for circular economy practices and their importance for economic and environmental performance.
期刊介绍：
Corporate Social Responsibility and Environmental Management is a journal that publishes both theoretical and practical contributions related to the social and environmental responsibilities of businesses in the context of sustainable development. It covers a wide range of topics, including tools and practices associated with these responsibilities, case studies, and cross-country surveys of best practices. The journal aims to help organizations improve their performance and accountability in these areas.
The main focus of the journal is on research and practical advice for the development and assessment of social responsibility and environmental tools. It also features practical case studies and evaluates the strengths and weaknesses of different approaches to sustainability. The journal encourages the discussion and debate of sustainability issues and closely monitors the demands of various stakeholder groups. Corporate Social Responsibility and Environmental Management is a refereed journal, meaning that all contributions undergo a rigorous review process. It seeks high-quality contributions that appeal to a diverse audience from various disciplines.
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