| Title | Does finance as usual work for circular economy transition? A financiers and SMEs qualitative approach |
|---|---|
| ID_Doc | 2760 |
| Authors | De La Cuesta-González, M; Morales-García, M |
| Title | Does finance as usual work for circular economy transition? A financiers and SMEs qualitative approach |
| Year | 2022 |
| Published | Journal Of Environmental Planning And Management, 65, 13 |
| Abstract | Transitioning to a circular economy (CE) particularly challenges small- and medium-sized enterprises (SMEs), and a deeper understanding of CE financial barriers is needed. We draw on SME and financiers' views to qualitatively study the risks associated with CE, how such risks limit access to financial resources and how financial institutions perceive those risks. We find that transitioning to a circular economy entails regulatory, cultural and market risks and that CE business success does not depend solely on SME resources or capabilities. Contributions include combining business model perspectives with transition theories and showing that new circular business models entail major reforms to political, regulatory, and market structures, including financial markets. From a practical perspective, to accelerate CE transition, we recommend reducing fragmentation, uncertainty and incoherence in regulation of the remodeling of information and risk assessment systems and new co-financing mechanisms and alternative instruments such as blended finance or "circular finance." |
| http://e-spacio.uned.es/fez/eserv/bibliuned:DptoEA-FECO-Articulos-Mcuesta-0003/de_la_Cuesta_Gonzalez_Marta_Does_finance.pdf |
Similar Articles
| ID | Score | Article |
|---|---|---|
4512
|
Ghisetti, C; Montresor, S On the adoption of circular economy practices by small and medium-size enterprises (SMEs): does "financing-as-usual" still matter?(2020)Journal Of Evolutionary Economics, 30, 2 | |
| 3060
|
Gennari, F Are SMEs Ready for the Transition Towards Circular Economy? Proposal for an Assessment Framework(2021) | |
| 1728
|
Rizos, V; Behrens, A; van der Gaast, W; Hofman, E; Ioannou, A; Kafyeke, T; Flamos, A; Rinaldi, R; Papadelis, S; Hirschnitz-Garbers, M; Topi, C Implementation of Circular Economy Business Models by Small and Medium-Sized Enterprises (SMEs): Barriers and Enablers(2016)Sustainability, 8, 11 | |
| 16163
|
Salvioni, DM; Bosetti, L; Fornasari, T Implementing and Monitoring Circular Business Models: An Analysis of Italian SMEs(2022)Sustainability, 14, 1 | |
| 23582
|
Saharan, A; Samadhiya, A; Kumar, A; Pandey, KK; Luthra, S; Garza-Reyes, JA Achieving circularity is a distant dream: entrepreneurial barriers to circular business models in SMEs of emerging economies(2024)Management Decision, 62, 9 | |
| 691
|
Dewick, P; Bengtsson, M; Cohen, MJ; Sarkis, J; Schrder, P Circular economy finance: Clear winner or risky proposition?(2020)Journal Of Industrial Ecology, 24, 6 | |
| 20106
|
Susur, E; Engwall, M A transitions framework for circular business models(2023)Journal Of Industrial Ecology, 27, 1 | |
| 4778
|
Austin, A; Rahman, IU A triple helix of market failures: Financing the 3Rs of the circular economy in European SMEs(2022) | |
| 20742
|
Kuik, S; Kumar, A; Diong, L; Ban, J A Systematic Literature Review on the Transition to Circular Business Models for Small and Medium-Sized Enterprises (SMEs)(2023)Sustainability, 15, 12 | |
| 1888
|
Gennari, F The transition towards a circular economy. A framework for SMEs(2023)Journal Of Management And Governance, 27, 4 |