The DOI matches its Crossref record; 69 of the 69 references it cites were found in a registry or an index.
Eco‐innovation and firm growth in the circular economy: Evidence from European small‐ and medium‐sized enterprises
Abstract
As the circular economy (CE) concept gains growing popularity among consumers and producers, small‐ and medium‐sized enterprises (SMEs) increasingly look for ways to reorganize their offering and operations to integrate into the CE. This study examines the impact of (a) circular eco‐innovations and (b) external funding available for CE activities on the growth of European SMEs using a data set of 5,100 SMEs across 28 European countries in 2016. Findings reveal that a significant threshold investment (i.e., higher than 10% of revenues) into circular eco‐innovations is required for SMEs to benefit from investing into the CE. Moreover, the majority of circular eco‐innovations fail to boost the growth rates of SMEs, with the exception of investments into eco‐design innovations. Although traditional forms of debt and grant finance targeted to CE activities are found to have no or negative impact on the growth of SMEs, equity finance (i.e., angel and venture capital investments) contributes positively to their growth. The study offers insights into the lower levels of SME engagement in the CE as well as policy implications for improving engagement.
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Cites
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Metadata
- Authors
- Demirel, P., & Danisman, G. O.
- Venue
- Business Strategy and the Environment
- Publisher
- Wiley
- Published
- 2019-06-19
- Volume
- 28
- Issue
- 8
- Pages
- 1608-1618
- ISSN
- 0964-4733 (ISSN-L)
- 1099-0836
- OpenAlex
- W2951988472
- Cited by
- 322
- References
- 69
- FWCI
- 44.04
- Type
- journal article
- Language
- en
- Open access
- closed
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- Demirel, P., & Danisman, G. O. (2019). Eco‐innovation and firm growth in the circular economy: Evidence from European small‐ and medium‐sized enterprises. Business Strategy and the Environment. https://doi.org/10.1002/bse.2336
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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