Circular Economy Projects and Firm Disclosures in an Encouraging Institutional Environment

Isabel-María García-Sánchez, Francisco-Manuel Somohano-Rodríguez, Víctor Amor-Esteban and Benito Gonzalez-Valdueza
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Isabel-María García-Sánchez: Instituto Multidisciplinar de Empresa—IME, Universidad de Salamanca, Campus Miguel de Unamuno, Paseo Francisco Tomás y Valiente, s/n, Edificio FES, 37007 Salamanca, Spain
Francisco-Manuel Somohano-Rodríguez: Departamento de Administración de Empresas, Universidad de Cantabria, Avda. de los Castros 56, 39005 Santander, Spain
Víctor Amor-Esteban: Departamento de Estadística, Universidad de Salamanca, Campus Miguel de Unamuno, c/Alfonso X El Sabio, s/n, 37007 Salamanca, Spain
Benito Gonzalez-Valdueza: Facultad de Economía y Empresa, Universidad de Salamanca, Campus Miguel de Unamuno, Paseo Francisco Tomás y Valiente, s/n, 37007 Salamanca, Spain

Sustainability, 2022, vol. 14, issue 3, 1-21

Abstract: This paper analyses the strategies implemented by listed Spanish companies that are leaders in their industrial environments to inform shareholders and the public about their circular economy projects. It uses content and textual approaches through the factorial correspondence analysis of all the information about the circular economy presented on corporate websites. The analysis of the 17,510 resulting terms suggests that companies prioritise discourses about a sustainable future, their commitment to the proper use of resources and the reduction or elimination of greenhouse gases. The sectors most sensitive to institutional pressures, such as oil and energy companies, are more active in disclosing the problems and desired solutions of their projects.

Keywords: circular economy; resource use; greenhouse; industries; textual analysis (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (1)

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