| Title |
The role of dynamic capabilities in circular economy implementation and performance of companies |
| ID_Doc |
3276 |
| Authors |
Khan, O; Daddi, T; Iraldo, F |
| Title |
The role of dynamic capabilities in circular economy implementation and performance of companies |
| Year |
2020 |
| Published |
Corporate Social Responsibility And Environmental Management, 27, 6 |
| DOI |
10.1002/csr.2020 |
| Abstract |
Although most companies perceive that they might not be able to implement a circular economy (CE), some scholars perceive that companies may do so by developing dynamic capabilities (DCs). To empirically investigate the role of DCs in CE implementation, we analyzed a sample of 220 companies in Italy through partial least squares structural equation modeling (PLS-SEM). Our PLS-SEM analysis demonstrates that DCs and their underlying organizational activities significantly facilitate CE implementation, which consequently improves the overall performance of companies. Moreover, a circular dynamic environment (CDE) may stimulate companies towards CE implementation. This paper contributes to the literature in the following manner. First, this paper highlights how companies can identify and pursue CE opportunities. Second, this paper contributes to the debate on the role of a dynamic environment and how DCs leads to performance. Third, this paper presents the measurement scales of DCs and shows how to operationalize a hierarchical component model (HCM) in PLS-SEM. |
| Author Keywords |
circular dynamic environment; circular economy; corporate sustainability; dynamic capabilities; organizational performance; PLS-SEM |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Social Science Citation Index (SSCI) |
| EID |
WOS:000567317600001 |
| WoS Category |
Business; Environmental Studies; Management |
| Research Area |
Business & Economics; Environmental Sciences & Ecology |
| PDF |
|