How Does Circular Economy Affect Firms’ Innovation Performance? The Interaction Effect of Open Innovation

X Pan; J Yuan; SK Mangla; M Song; L Siranova; A Ferraris

doi:10.1109/tem.2023.3321887

How Does Circular Economy Affect Firms’ Innovation Performance? The Interaction Effect of Open Innovation

X Pan, J Yuan, SK Mangla, M Song, L Siranova, A Ferraris

Plymouth Business School

Research output: Contribution to journal › Article › peer-review

Abstract

Recently, circular economy (CE) attracts much attention from governments and companies. And we analyze how CE affects enterprises’ innovation output, determining their long-term competitiveness. Given the close relationship between CE activities and inbound open innovation (OI), we further consider the impact of the interaction between inbound OI and CE on enterprise innovation output. Based on data from Chinese listed companies, we found that CE can promote the improvement of enterprise innovation output, and the interaction between CE and OI can further enhance this effect. Further heterogeneity testing indicates differences in the roles of CE and inbound OI at regional and industry levels. The implicit suggestion from the results is that policy formulation should consider enterprise and regional attributes more to enable enterprises to benefit better from CE activities.

Original language	English
Pages (from-to)	11872-11883
Number of pages	12
Journal	IEEE Transactions on Engineering Management
Volume	0
Issue number	0
DOIs	https://doi.org/10.1109/tem.2023.3321887
Publication status	Published - 2024

ASJC Scopus subject areas

Strategy and Management
Electrical and Electronic Engineering

Keywords

Circular economy (CE)
Collaboration
Costs
Government
Industries
Mathematical models
Stakeholders
Technological innovation
innovation performance
open innovation (OI)
resource-based view
stakeholder theory
text analysis

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.1109/tem.2023.3321887

Cite this

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abstract = "Recently, circular economy (CE) attracts much attention from governments and companies. And we analyze how CE affects enterprises{\textquoteright} innovation output, determining their long-term competitiveness. Given the close relationship between CE activities and inbound open innovation (OI), we further consider the impact of the interaction between inbound OI and CE on enterprise innovation output. Based on data from Chinese listed companies, we found that CE can promote the improvement of enterprise innovation output, and the interaction between CE and OI can further enhance this effect. Further heterogeneity testing indicates differences in the roles of CE and inbound OI at regional and industry levels. The implicit suggestion from the results is that policy formulation should consider enterprise and regional attributes more to enable enterprises to benefit better from CE activities.",

keywords = "Circular economy (CE), Collaboration, Costs, Government, Industries, Mathematical models, Stakeholders, Technological innovation, innovation performance, open innovation (OI), resource-based view, stakeholder theory, text analysis",

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AU - Yuan, J

AU - Mangla, SK

AU - Song, M

AU - Siranova, L

AU - Ferraris, A

N1 - Publisher Copyright: IEEE

PY - 2024

Y1 - 2024

N2 - Recently, circular economy (CE) attracts much attention from governments and companies. And we analyze how CE affects enterprises’ innovation output, determining their long-term competitiveness. Given the close relationship between CE activities and inbound open innovation (OI), we further consider the impact of the interaction between inbound OI and CE on enterprise innovation output. Based on data from Chinese listed companies, we found that CE can promote the improvement of enterprise innovation output, and the interaction between CE and OI can further enhance this effect. Further heterogeneity testing indicates differences in the roles of CE and inbound OI at regional and industry levels. The implicit suggestion from the results is that policy formulation should consider enterprise and regional attributes more to enable enterprises to benefit better from CE activities.

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KW - Collaboration

KW - Costs

KW - Government

KW - Industries

KW - Mathematical models

KW - Stakeholders

KW - Technological innovation

KW - innovation performance

KW - open innovation (OI)

KW - resource-based view

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How Does Circular Economy Affect Firms’ Innovation Performance? The Interaction Effect of Open Innovation

Abstract

ASJC Scopus subject areas

Keywords

UN SDGs

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