CoChat
Sign Up
Cited by 349Bioeconomy and Sustainability DevelopmentSustainable Supply Chain ManagementEnvironmental Sustainability in Business

The DOI matches its Crossref record, with a small difference in title or year; 9 of the 9 references it cites were found in a registry or an index.

Towards sustainability? Forest-based circular bioeconomy business models in Finnish SMEs

Open access
D'Amato, Dalia, Veijonaho, Simo, Toppinen, Anne·2020·Forest Policy and Economics
DOI 10.1016/j.forpol.2018.12.004
Open this paper in CoChat — free account

Abstract

In line with the Sustainable Development Goals of the UN 2030 Agenda, the circular bioeconomy concept is gaining greater political momentum and research interest. A circular bioeconomy implies a more efficient resource management of bio-based renewable resources by integrating circular economy principles into the bioeconomy. These ideas have been well received at industry level since they are deemed to foster cost reductions, innovation and competitiveness. While recent scientific literature has dwelt on sustainability-related circular business models, empirical research on company-level implementation is only just emerging. Our study contributes to addressing this research lacuna by seeking answers to two questions: 1. How do small and medium-sized enterprises (SMEs) propose, create and deliver, and capture value through circular bioeconomy business models?; and 2. What are the business challenges and opportunities related to the operationalization of such business models? To this end, we employed content analysis on interview data gathered from managers in Finnish SME companies from the field of packaging, textiles, composite materials, cosmetics and pharmaceutical products. We outlined the main business model archetypes, and identified the key characteristics that enable value capture and delivery for various stakeholders. The contribution of this study is duly two-fold. From the perspective of a theoretical contribution, we expand and refine the conceptualization of susta…

Overview

Integrity signals

Registry

Crossref · 10.1016/j.forpol.2018.12.004

Cites

0 citation errors · 0 not checkable

Statistics

Recomputing p-values needs the paper’s full text.

Verification

Claims the paper makes

We couldn’t retrieve this paper’s full text, so its claims and self-check weren’t run. The registry and citation checks still apply.

Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

Citations

Cites

Research works printed but not linked: 41

  1. Antikainen, 2016, A framework for sustainable circular business model innovation, Technol. Innov. Manag. Rev., 6, 5, 10.22215/timreview/1000 · DOI
  2. Bocken, 2014, A literature and practice review to develop sustainable business model archetypes, J. Clean. Prod., 65, 42, 10.1016/j.jclepro.2013.11.039 · DOI · Paper page
  3. Bocken, 2017, The circular economy: exploring the introduction of the concept among S&P 500 firms, J. Ind. Ecol., 21, 487, 10.1111/jiec.12605 · DOI
  4. Boons, 2013, Business models for sustainable innovation: State-of-the-art and steps towards a research agenda, J. Clean. Prod., 45, 9, 10.1016/j.jclepro.2012.07.007 · DOI · Paper page
  5. Charonis, 2013, Degrowth, steady state economics and the circular economy: three distinct yet increasingly converging alternative discourses to economic growth for achieving environmental sustainability and social equity, J. Chem. Inf. Model., 53, 1689
  6. Ciccarese, 2014, A new principle of the European Union forest policy: the cascading use of wood products, L'Italia For. Mont., 69, 285, 10.4129/ifm.2014.5.01 · DOI
  7. DaSilva, 2014, Business model: what it is and what it is not, Long Range Plan., 47, 379, 10.1016/j.lrp.2013.08.004 · DOI
  8. El-Chichakli, 2016, Policy: five cornerstones of a global bioeconomy, Nature, 535, 221, 10.1038/535221a · DOI
  9. Eyvindson, 2018, Mitigating forest biodiversity and ecosystem service losses in the era of bio-based economy, For. Policy Econ., 92, 119, 10.1016/j.forpol.2018.04.009 · DOI
  10. Guenster, 2011, The Economic Value of Corporate Eco-Efficiency, Eur. Financ. Manag., 17, 679, 10.1111/j.1468-036X.2009.00532.x · DOI
  11. Haffar, 2018, Target-setting for ecological resilience: are companies setting environmental sustainability targets in line with planetary thresholds?, Bus Strat Env., 1
  12. Heyes, 2018, Developing and implementing circular economy business models in service-oriented technology companies, J. Clean. Prod., 177, 621, 10.1016/j.jclepro.2017.12.168 · DOI
  13. Kajanus, 2018, What can we learn from business models in the European forest sector: Exploring the key elements of new business model designs, For. Policy Econ.
  14. Kleinschmit, 2014, Shades of green: a social scientific view on bioeconomy in the forest sector, Scand. J. For. Res., 7581, 1
  15. Korhonen, 2008, Beyond Eco-Efficiency: a Resilience Perspective, Bus. Strateg. Environ., 17, 411, 10.1002/bse.635 · DOI
  16. Korhonen, 2018, Firm-level competitiveness in the forest industries: review and research implications in the context of bioeconomy strategies, Can. J. For. Res., 48, 141, 10.1139/cjfr-2017-0219 · DOI
  17. Korhonen, 2018, Circular Economy: the Concept and its Limitations, Ecol. Econ., 143, 37, 10.1016/j.ecolecon.2017.06.041 · DOI · Paper page
  18. Kröger, 2017, Finnish forest policy in the era of bioeconomy: a pathway to sustainability?, For. Policy Econ., 77, 6, 10.1016/j.forpol.2016.12.003 · DOI
  19. Lähtinen, 2009, Resource usage decisions and business success: a case study of Finnish large- and medium-sized sawmills, JFPBR, 6
  20. Lieder, 2016, Towards circular economy implementation: a comprehensive review in context of manufacturing industry, J. Clean. Prod., 115, 36, 10.1016/j.jclepro.2015.12.042 · DOI · Paper page
  21. Manninen, 2018, Do circular economy business models capture intended environmental value propositions?, J. Clean. Prod., 171, 413, 10.1016/j.jclepro.2017.10.003 · DOI · Paper page
  22. Merli, 2018, How do scholars approach the circular economy? A systematic literature review, J. Clean. Prod., 178, 703, 10.1016/j.jclepro.2017.12.112 · DOI
  23. Mossberg, 2017, Crossing the biorefinery valley of death? A role-based typology for understanding actor networks' ability to overcome barriers in sustainability transitions, Environ. Innov. Soc. Transitions
  24. Murray, 2015, The circular economy: an interdisciplinary exploration of the concept and application in a global context, J. Bus. Ethics, 140, 369, 10.1007/s10551-015-2693-2 · DOI · Paper page
  25. Mustalahti, 2017, The responsive bioeconomy: the need for inclusion of citizens and environmental capability in the forest based bioeconomy 172, J. Clean. Prod., 3781
  26. Oghazi, 2018, Circular business model challenges and lessons learned – an industrial perspective, Sustainability, 10, 1, 10.3390/su10030739 · DOI
  27. Ormazabal, 2018, Circular economy in Spanish SMEs: challenges and opportunities, J. Clean. Prod., 185, 157, 10.1016/j.jclepro.2018.03.031 · DOI
  28. Osterwalder, 2005, Clarifying business models: origins, present, and future of the concept clarifying business models: origins, present, and future of the concept, Commun. Assoc. Inf. Syst., 15, 1
  29. Pätäri, 2016, Global sustainability megaforces in shaping the future of the European pulp and paper industry towards a bioeconomy, For. Policy Econ., 66, 38, 10.1016/j.forpol.2015.10.009 · DOI
  30. Pelli, 2017, Services in the forest-based bioeconomy – analysis of European strategies, Scand. J. For. Res., 32, 1, 10.1080/02827581.2017.1288826 · DOI
  31. Priefer, 2017, Pathways to Shape the Bioeconomy, Resources, 6, 10, 10.3390/resources6010010 · DOI · Paper page
  32. Pülzl, 2014, Bioeconomy – an emerging meta-discourse affecting forest discourses?, Scand. J. For. Res., 29, 386, 10.1080/02827581.2014.920044 · DOI
  33. Rauter, 2017, Going one's own way: drivers in developing business models for sustainability, J. Clean. Prod., 140, 144, 10.1016/j.jclepro.2015.04.104 · DOI
  34. Reim, 2017, Bio-economy based business models for the forest sector – A systematic literature review
  35. Richardson, 2008, The business model: an integrative framework for strategy execution, Strateg. Chang., 17, 133, 10.1002/jsc.821 · DOI
  36. Schaltegger, 2016, Business models for sustainability: origins, present research, and future avenues, Organ. Environ., 29, 3, 10.1177/1086026615599806 · DOI
  37. Steffen, 2015, Planetary boundaries: guiding human development on a changing planet, Science, 347, 1259855, 10.1126/science.1259855 · DOI · Paper page
  38. Teece, 2010, Business models, business strategy and innovation, Long Range Plan., 43, 172, 10.1016/j.lrp.2009.07.003 · DOI · Paper page
  39. Wirtz, 2015, Business models: origin, development and future research perspectives, Long Range Plann., 49, 36, 10.1016/j.lrp.2015.04.001 · DOI
  40. Wolfslehner B., Linser S., Pülzl H., Bastrup-Birk A., Camia A., M.M., 2016. Forest bioeconomy – A new role for sustainability indicators. From Science to Policy. · DOI
  41. Zott, 2011, The business model: recent developments and future research, J. Manag., 37, 1019

Cited by

Sorted by citations

See all 349

Metadata

Authors
D'Amato, D., Veijonaho, S., & Toppinen, A.
Affiliations
University of Helsinki (FI)
ORCID
Toppinen, Anne
Venue
Forest Policy and Economics
Publisher
Elsevier BV
Published
2020-01
Volume
110
Pages
101848
ISSN
1389-9341 (ISSN-L)
DOI
10.1016/j.forpol.2018.12.004
OpenAlex
W2904440676
Cited by
349
References
61
Citations by year
2026: 32 · 2025: 47 · 2024: 46 · 2023: 61 · 2022: 71 · 2021: 48 · 2020: 30
FWCI
57.29
Type
journal article
Language
en
Update notices
erratum (2021-06-01)
Open access
Licence
Locations
  • Forest Policy and Economics (publishedVersion, cc-by-nc-nd)
  • Työväentutkimus Vuosikirja (submittedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Funders
  • Jenny and Antti Wihuri Foundation
  • Academy of Finland
Topics
  • Life Sciences › Agricultural and Biological Sciences › General Agricultural and Biological Sciences › Bioeconomy and Sustainability Development
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Sustainable Supply Chain Management
  • Social Sciences › Business, Management and Accounting › Marketing › Environmental Sustainability in Business
Keywords
circular bioeconomy, circular business models, small and medium-sized enterprises, forest industry, value creation, value capture, business model archetypes, sustainability transitions, Finnish SMEs, packaging industry, textiles, composite materials

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review