Leveraging Digital Platforms for Circular Economy: A Value Creation View

Huifang Wu (), Suicheng Li (), Wenjing Hou and Xinyi Zhang
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Huifang Wu: School of Economics and Management, Xi’an University of Technology, Xi’an 710054, China
Suicheng Li: School of Economics and Management, Xi’an University of Technology, Xi’an 710054, China
Wenjing Hou: School of Economics and Management, Xi’an University of Technology, Xi’an 710054, China
Xinyi Zhang: School of Economics and Management, Xi’an University of Technology, Xi’an 710054, China

Sustainability, 2024, vol. 16, issue 24, 1-20

Abstract: The practical role of digital platforms in fostering a circular economy (CE) among businesses remains unresolved. Unlike previous research on digital platforms and firm performance, this study analyzes the bridging function of the value creation system from a value creation perspective. It identifies resources (business model innovation) and relationships with other value creators (closed-loop supply chains) as key elements for achieving CE. Using survey data from 243 firms, this study validates the significant roles of business model innovation and closed-loop supply chains in mediating the relationship of digital platforms to achieve CE. This narrows the theoretical gap and expands value creation-based CE research.

Keywords: circular economy; digital platforms; value creation; business model innovation; closed-loop supply chain (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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