Eco‐innovation for circular economy and sustainability performance: Insights and evidence from manufacturing firms

Rafael Mora‐Contreras; Javier Carrillo‐Hermosilla; Giovanni Hernández‐Salazar; Luz Elba Torres‐Guevara; Andrés Mejia‐Villa; Marta Ormazabal

doi:10.1002/bse.4046

journal article Nov 08, 2024

Eco‐innovation for circular economy and sustainability performance: Insights and evidence from manufacturing firms

Rafael Mora‐Contreras

Javier Carrillo‐Hermosilla

Giovanni Hernández‐Salazar Luz Elba Torres‐Guevara

Andrés Mejia‐Villa

Marta Ormazabal

Business Strategy and the Environment Vol. 34 No. 1 pp. 1231-1256 · Wiley

View at Publisher Save 10.1002/bse.4046

Abstract

AbstractDespite progress in the literature in understanding the relationships between barriers, drivers, and features of eco‐innovations (EIs) to promote the circular economy (CE) and improve companies' sustainability results, the evidence remains limited and diffuse. To address this gap, we investigate the effect of barriers, sources of information, and features of innovations and EIs on manufacturing companies' CE and sustainability performance. This longitudinal study used official Colombian government data from 3144 manufacturing companies (2015–2020), considering partial least squares structural equation modeling. Our results reveal that developing or adopting (eco‐) innovations with incremental features could cause a blockage in implementing high‐level CE and in improving their overall sustainability performance. Similarly, radical (eco‐) innovations need more evidence to clarify their impacts on CE and sustainability. Finally, we show that the improvement in environmental and CE performance attributed to (eco‐) innovations has a significant and positive impact on the company's economics.

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Details

Published: Nov 08, 2024
Vol/Issue: 34(1)
Pages: 1231-1256
License: View

Authors

R

Rafael Mora‐Contreras

International School of Economic and Administrative Sciences, Universidad de La Sabana., Campus Universitario del Puente del Común Chía, Cundinamarca Colombia; Department of Economics and Business University of Alcala Alcalá de Henares Spain

J

Javier Carrillo‐Hermosilla

Department of Economics and Business University of Alcala Alcalá de Henares Spain

G

Giovanni Hernández‐Salazar

International School of Economic and Administrative Sciences, Universidad de La Sabana., Campus Universitario del Puente del Común Chía, Cundinamarca Colombia

L

Luz Elba Torres‐Guevara

International School of Economic and Administrative Sciences, Universidad de La Sabana., Campus Universitario del Puente del Común Chía, Cundinamarca Colombia

A

Andrés Mejia‐Villa

International School of Economic and Administrative Sciences, Universidad de La Sabana., Campus Universitario del Puente del Común Chía, Cundinamarca Colombia

M

Marta Ormazabal

Tecnun School of Engineering University of Navarra San Sebastián Spain

Cite This Article

Rafael Mora‐Contreras, Javier Carrillo‐Hermosilla, Giovanni Hernández‐Salazar, et al. (2024). Eco‐innovation for circular economy and sustainability performance: Insights and evidence from manufacturing firms. Business Strategy and the Environment, 34(1), 1231-1256. https://doi.org/10.1002/bse.4046

Eco‐innovation for circular economy and sustainability performance: Insights and evidence from manufacturing firms

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