Refurbished products in the circular economy: understanding perceived risks and vendor scepticism

Sridevi Periaiya, Sathish Thamburasa, Manoraj Natarajan and Subhashree Prabhakaran

International Journal of Enterprise Network Management, 2025, vol. 16, issue 3, 222-241

Abstract: A circular economy is an appropriate technique for addressing the scarcity of raw materials and the rise of hazardous waste. It has enormous potential to recover value with used products and promote environmental sustainability. Refurbished products are part of the circular economy. Refurbished products are used products that are repaired, rebuilt, and tested by the company to perform as intended by the manufacturer. This study aims to fill the gap in the literature by examining the effect of perceived risks on vendor scepticism regarding refurbished products, as well as the impact of vendor scepticism on purchase embarrassment and concealment. The study uses the theory of perceived risk to understand how consumers perceive the risks. The results of the study suggest that many risk factors do not significantly impact vendor scepticism, except illegitimate product risk and displeasure risk, vendor scepticism has a significant impact on purchase embarrassment and concealment.

Keywords: refurbished products; scepticism; circular economy; closed-loop supply chain; CLSC; perceived risk. (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=149556 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijenma:v:16:y:2025:i:3:p:222-241

Access Statistics for this article

More articles in International Journal of Enterprise Network Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().