| Title |
Circular economy and firm performance: The influence of product life cycle analysis, upcycling, and redesign |
| ID_Doc |
3585 |
| Authors |
Triguero, A; Moreno-Mondéjar, L; Sáez-Martínez, FJ |
| Title |
Circular economy and firm performance: The influence of product life cycle analysis, upcycling, and redesign |
| Year |
2023 |
| Published |
Sustainable Development, 31, 4 |
| DOI |
10.1002/sd.2509 |
| Abstract |
The transition toward a circular economy (CE) implies the introduction of innovative practices at the firm level. Nevertheless, an important question is under discussion: What are the consequences of these practices on firm performance? Using a survey approach, this article analyzes the effect of CE practices related to product design on economic and environmental performance: life cycle assessment (LCA), product upgradability, and design for disassembly, reuse, and recycling in a sample of 300 firms. Our findings show that, although most of the companies are carrying out some eco-innovation (innovations aimed to reduce the environmental damage of their activity), only process eco-innovations new to the market improve economic performance but not environmental performance. However, LCA is a tool for implementing CE principles, helping to improve both. Eco-design is positively associated with economic performance. The results provide managers and policy makers new insights on the long road to achieving this transition. |
| Author Keywords |
circular economy; eco-design; eco-innovation; firm performance; life cycle assessment; upgradability |
| Index Keywords |
Index Keywords |
| Document Type |
Other |
| Open Access |
Open Access |
| Source |
Social Science Citation Index (SSCI) |
| EID |
WOS:000923605300001 |
| WoS Category |
Development Studies; Green & Sustainable Science & Technology; Regional & Urban Planning |
| Research Area |
Development Studies; Science & Technology - Other Topics; Public Administration |
| PDF |
https://onlinelibrary.wiley.com/doi/pdfdirect/10.1002/sd.2509
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