Stakeholder Engagement Mechanisms and Value Creation in Circular Entrepreneurship

Beatrice Re () and Giovanna Magnani
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Beatrice Re: University of Pavia
Giovanna Magnani: University of Pavia

Chapter Chapter 8 in Stakeholder Engagement in a Sustainable Circular Economy, 2023, pp 235-271 from Springer

Abstract: Abstract This chapter contributes to the circular entrepreneurship literature regarding the empirical analysis of the stakeholder engagement mechanisms in place between small and medium-sized enterprises (SMEs) and their key stakeholders. The context of analysis is circular entrepreneurship, consisting in the processes of formation and exploitation of opportunities to address key environmental challenges and requiring firms to establish close relationships with a series of stakeholders to narrow, slow, and close the resource loops. Through a multiple case study methodology involving four Finnish circular SMEs and their key stakeholders, this chapter investigates how firms engage their stakeholders, and which are the underlying key stakeholder engagement mechanisms leading to value creation. We summarise our findings in a conceptual framework of stakeholder engagement mechanisms in circular entrepreneurship, reflect upon the limits and challenges that stakeholder engagement may have in fostering value creation and circular practices, and suggest avenues for further research.

Keywords: Circular entrepreneurship; Stakeholder engagement mechanisms; Value creation; SMEs (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-31937-2_8

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DOI: 10.1007/978-3-031-31937-2_8

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