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Scientific Article details

Title Digital technology and circular economy practices: An strategy to improve organizational performance
ID_Doc 2160
Authors Khan, SAR; Zia-ul-haq, HM; Umar, M; Yu, Z
Title Digital technology and circular economy practices: An strategy to improve organizational performance
Year 2021
Published Business Strategy And Development, 4, 4
DOI 10.1002/bsd2.176
Abstract Amid rising environmental concerns, advanced technology, including Blockchain technology (BCT) are transforming circular economy (CE) practices and prevailing business models. Recognize the same, the current study examines the role of BCT in CE practices; and their impact on organizational performance. The study collects data from 239 enterprises that are located in Malaysian territories. By employing PLS-SEM modeling framework, the study provides two key findings. First, BCT significantly improves the CE practices (circular procurement, circular design, recycling, and remanufacturing). Second, CE practices help to increase organizational performance. This study set-out the foundations for participating countries/firms, that help to simultaneously achieve financial and sustainable goals through the integration of BCT in their business for betterment.
Author Keywords circular economy practices; digital technology; Malaysian firms; structural equation modeling
Index Keywords Index Keywords
Document Type Other
Open Access Open Access
Source Emerging Sources Citation Index (ESCI)
EID WOS:000661806500001
WoS Category Business; Environmental Studies
Research Area Business & Economics; Environmental Sciences & Ecology
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