Circular economy practices and sustainable performance: A meta-analysis

Shiyuan Yin; Fu Jia; Lujie Chen; Qinru Wang

doi:10.1016/j.resconrec.2022.106838

Circular economy practices and sustainable performance: A meta-analysis

Shiyuan Yin, Fu Jia^*, Lujie Chen, Qinru Wang

^*Corresponding author for this work

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Research output: Contribution to journal › Article › peer-review

Abstract

This paper aims to investigate the relationship between circular economy (CE) practices and enterprise performance based on existing empirical studies adopting a meta-analysis method. By systematically reviewing the literature, we identify 41 papers published on this topic between 2005 and 2021. The key finding supports that CE practice has benefited both firms’ commercial and ecological sustainability. The results also show that industry type, enterprise scale, and country have a moderating effect on the relationship between CE practices and sustainable performance. In addition, the results of this study can support managers to have greater confidence in adopting CE practices in order to improve both commercial and ecological performance. Further, this may be the first meta-analysis on this topic resolving the mixed results in the existing literature.

Original language	English
Article number	106838
Journal	Resources, Conservation and Recycling
Volume	190
Early online date	8 Jan 2023
DOIs	https://doi.org/10.1016/j.resconrec.2022.106838
Publication status	Published - Mar 2023

Keywords

Meta-analysis
Circular economy
Firm performance

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10.1016/j.resconrec.2022.106838Licence: CC BY-NC

Cite this

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title = "Circular economy practices and sustainable performance: A meta-analysis",

abstract = "This paper aims to investigate the relationship between circular economy (CE) practices and enterprise performance based on existing empirical studies adopting a meta-analysis method. By systematically reviewing the literature, we identify 41 papers published on this topic between 2005 and 2021. The key finding supports that CE practice has benefited both firms{\textquoteright} commercial and ecological sustainability. The results also show that industry type, enterprise scale, and country have a moderating effect on the relationship between CE practices and sustainable performance. In addition, the results of this study can support managers to have greater confidence in adopting CE practices in order to improve both commercial and ecological performance. Further, this may be the first meta-analysis on this topic resolving the mixed results in the existing literature.",

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AB - This paper aims to investigate the relationship between circular economy (CE) practices and enterprise performance based on existing empirical studies adopting a meta-analysis method. By systematically reviewing the literature, we identify 41 papers published on this topic between 2005 and 2021. The key finding supports that CE practice has benefited both firms’ commercial and ecological sustainability. The results also show that industry type, enterprise scale, and country have a moderating effect on the relationship between CE practices and sustainable performance. In addition, the results of this study can support managers to have greater confidence in adopting CE practices in order to improve both commercial and ecological performance. Further, this may be the first meta-analysis on this topic resolving the mixed results in the existing literature.

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