The Importance of the Eco‐Innovation, Knowledge Network and the Geographical Dimension in the Adoption of Circular Economy Business Models

IF 13.3 1区管理学 Q1 BUSINESS

Business Strategy and The Environment Pub Date : 2025-08-23 DOI:10.1002/bse.70158

Ángela Triguero, Lourdes Moreno‐Mondéjar, David Córcoles

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Abstract

Adopting circular economy (CE) business models is strategically complex due to the diversity and complementarity of CE practices across the value chain. This study examines how eco‐innovation, open innovation and geographical proximity condition the adoption of four CE practices—eco‐design, circular inputs, life cycle assessment (LCA) and end‐of‐life strategies—using survey data from 300 Spanish firms and a multivariate probit model. Our findings reveal that CE practices are interdependent, making it essential to identify which combinations are most effective under specific strategic conditions. Upstream practices such as eco‐design, circular inputs and LCA require strong eco‐innovation capabilities, while downstream practices benefit from broad external collaboration networks, highlighting the role of open innovation. Additionally, local geographical orientation is crucial for eco‐design and LCA, suggesting that proximity facilitates implementation. In contrast, international entrepreneurial orientation supports most CE practices except eco‐design. These insights guide firms in tailoring CE strategies and inform targeted policy interventions.

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生态创新、知识网络和地理维度在采用循环经济商业模式中的重要性

由于整个价值链中循环经济实践的多样性和互补性，采用循环经济（CE）商业模式在战略上是复杂的。本研究利用来自300家西班牙公司的调查数据和多变量probit模型，考察了生态创新、开放式创新和地理邻近性如何影响四种环保实践——生态设计、循环投入、生命周期评估（LCA）和生命终结战略的采用。我们的研究结果表明，CE实践是相互依赖的，因此确定在特定战略条件下哪种组合最有效至关重要。上游实践如生态设计、循环投入和LCA需要强大的生态创新能力，而下游实践则受益于广泛的外部合作网络，突出了开放式创新的作用。此外，当地的地理定位对生态设计和LCA至关重要，这表明邻近有利于实施。相比之下，除了生态设计之外，国际创业导向支持大多数CE实践。这些见解指导企业制定企业环保战略，并为有针对性的政策干预提供信息。

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.