Perceptions of Circular Business Models in SMEs

Sebastian-Ion Ceptureanu, Eduard-Gabriel Ceptureanu and Raphael Gert Denis Murswieck
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Sebastian-Ion Ceptureanu: Bucharest University of Economic Studies, Romania
Eduard-Gabriel Ceptureanu: Bucharest University of Economic Studies, Romania
Raphael Gert Denis Murswieck: Bucharest University of Economic Studies, Romania

The AMFITEATRU ECONOMIC journal, 2018, vol. 20, issue 48, 310

Abstract: Testing circular economy business models is crucial in understanding Circular Economy features across various industries. This paper analyses Circular Economy perceptions in Romanian SMEs by investigating entrepreneurs from PVC joinery industry. Using a multidimensional framework, ReSOLVE, as a conceptual model, and Lewandowski systematization, we measured 6 business actions and their relations with Value creation. The results of our survey can be described as mixed. Of the 6 business actions of ReSOLVE framework, for half of them (Regenerate, Optimize and Exchange) we can definitely conclude that these are correlated with Circular Economy in terms of Value Creation, while for a fourth there are variables significantly correlated without being able to conclude its overall contribution in terms of Value creation. Our empirical investigation contributes to literature development on Circular Economy research in SMEs and a step forward to shape future research initiatives.

Keywords: circular economy; ReSOLVE framework; value creation; spearman coefficient. (search for similar items in EconPapers)
JEL-codes: C38 Q53 Q57 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:aes:amfeco:v:20:y:2018:i:48:p:310

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