IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v13y2021i22p12438-d676525.html
   My bibliography  Save this article

Circular Economy Business Models: The Complementarities with Sharing Economy and Eco-Innovations Investments

Author

Listed:
  • Luigi Aldieri

    (Department of Economic and Statistical Sciences, University of Salerno, 84084 Salerno, Italy)

  • Mohsen Brahmi

    (Faculty of Economics and Management, University of Sfax, Sfax 3018, Tunisia)

  • Bruna Bruno

    (Department of Economic and Statistical Sciences, University of Salerno, 84084 Salerno, Italy)

  • Concetto Paolo Vinci

    (Department of Economic and Statistical Sciences, University of Salerno, 84084 Salerno, Italy)

Abstract

The transition from the linear economy to the circular economy exhibits some criticalities that can be solved through the identification of factors pushing and pulling the transition itself. By adopting a public good perspective in analysing the main features of the circular business models, this study underlines how the sharing economy business models are well integrated and complementary to some features of the circular economy, representing a strong pulling factor. Other loops of the circular economy need an explicit push factor, individuated in a strong impulse to eco-efficiency, to be reached through consistent incentives to invest in R&D for eco-innovations. Seven case studies are investigated in their aims, feasibility and implementation to support the interpretative framework.

Suggested Citation

  • Luigi Aldieri & Mohsen Brahmi & Bruna Bruno & Concetto Paolo Vinci, 2021. "Circular Economy Business Models: The Complementarities with Sharing Economy and Eco-Innovations Investments," Sustainability, MDPI, vol. 13(22), pages 1-13, November.
    • Handle: RePEc:gam:jsusta:v:13:y:2021:i:22:p:12438-:d:676525
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/13/22/12438/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/13/22/12438/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Qian Ma & Weiwei Wu & Yexin Liu, 2021. "The Fit between Technology Management and Technological Capability and Its Impact on New Product Development Performance," Sustainability, MDPI, vol. 13(19), pages 1-12, October.
    2. Massimiliano Borrello & Stefano Pascucci & Luigi Cembalo, 2020. "Three Propositions to Unify Circular Economy Research: A Review," Sustainability, MDPI, vol. 12(10), pages 1-22, May.
    3. Zhang, Bing & Bi, Jun & Fan, Ziying & Yuan, Zengwei & Ge, Junjie, 2008. "Eco-efficiency analysis of industrial system in China: A data envelopment analysis approach," Ecological Economics, Elsevier, vol. 68(1-2), pages 306-316, December.
    4. Martin, Chris J., 2016. "The sharing economy: A pathway to sustainability or a nightmarish form of neoliberal capitalism?," Ecological Economics, Elsevier, vol. 121(C), pages 149-159.
    5. World Commission on Environment and Development,, 1987. "Our Common Future," OUP Catalogue, Oxford University Press, number 9780192820808.
    6. Parguel, Béatrice & Lunardo, Renaud & Benoit-Moreau, Florence, 2017. "Sustainability of the sharing economy in question: When second-hand peer-to-peer platforms stimulate indulgent consumption," Technological Forecasting and Social Change, Elsevier, vol. 125(C), pages 48-57.
    7. Astrid Cocquyt & Saskia Crucke & Hendrik Slabbinck, 2020. "Organizational characteristics explaining participation in sustainable business models in the sharing economy: Evidence from the fashion industry using conjoint analysis," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2603-2613, September.
    8. Krishnendu Saha & Prasanta Kumar Dey & Eleni Papagiannaki, 2021. "Implementing circular economy in the textile and clothing industry," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 1497-1530, May.
    9. Daniel Guzzo & Adriana Hofmann Trevisan & Marcia Echeveste & Janaina Mascarenhas Hornos Costa, 2019. "Circular Innovation Framework: Verifying Conceptual to Practical Decisions in Sustainability-Oriented Product-Service System Cases," Sustainability, MDPI, vol. 11(12), pages 1-29, June.
    10. Fleura Bardhi & Giana M. Eckhardt, 2012. "Access-Based Consumption: The Case of Car Sharing," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 39(4), pages 881-898.
    11. Eunsuk Chun & Sungchan Jun & Chulung Lee, 2021. "Identification of Promising Smart Farm Technologies and Development of Technology Roadmap Using Patent Map Analysis," Sustainability, MDPI, vol. 13(19), pages 1-22, September.
    12. Sabina Scarpellini & Jesus Valero‐Gil & José M. Moneva & Michele Andreaus, 2020. "Environmental management capabilities for a “circular eco‐innovation”," Business Strategy and the Environment, Wiley Blackwell, vol. 29(5), pages 1850-1864, July.
    13. Li‐Heng Chen & Peiying Hung & Hwong‐wen Ma, 2020. "Integrating circular business models and development tools in the circular economy transition process: A firm‐level framework," Business Strategy and the Environment, Wiley Blackwell, vol. 29(5), pages 1887-1898, July.
    14. Aldieri, Luigi & Bruno, Bruna & Vinci, Concetto Paolo, 2019. "Does environmental innovation make us happy? An empirical investigation," Socio-Economic Planning Sciences, Elsevier, vol. 67(C), pages 166-172.
    15. Rennings, Klaus, 2000. "Redefining innovation -- eco-innovation research and the contribution from ecological economics," Ecological Economics, Elsevier, vol. 32(2), pages 319-332, February.
    16. Moxi Song & Morgan X. Yang & Kevin J. Zeng & Wenting Feng, 2020. "Green Knowledge Sharing, Stakeholder Pressure, Absorptive Capacity, and Green Innovation: Evidence from Chinese Manufacturing Firms," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1517-1531, March.
    17. Ana de Jesus & Minna Lammi & Teresa Domenech & Fedra Vanhuyse & Sandro Mendonça, 2021. "Eco-Innovation Diversity in a Circular Economy: Towards Circular Innovation Studies," Sustainability, MDPI, vol. 13(19), pages 1-22, October.
    18. Bruno Bruna & Faggini Marisa, 2020. "Sharing Competition: An Agent-Based Model for the Short-Term Accommodations Market," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 20(2), pages 1-13, April.
    19. Korhonen, Jouni & Honkasalo, Antero & Seppälä, Jyri, 2018. "Circular Economy: The Concept and its Limitations," Ecological Economics, Elsevier, vol. 143(C), pages 37-46.
    20. Marcos Ferasso & Tatiana Beliaeva & Sascha Kraus & Thomas Clauss & Domingo Ribeiro‐Soriano, 2020. "Circular economy business models: The state of research and avenues ahead," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3006-3024, December.
    21. Piera Centobelli & Roberto Cerchione & Davide Chiaroni & Pasquale Del Vecchio & Andrea Urbinati, 2020. "Designing business models in circular economy: A systematic literature review and research agenda," Business Strategy and the Environment, Wiley Blackwell, vol. 29(4), pages 1734-1749, May.
    22. Thomas Dyllick & Kai Hockerts, 2002. "Beyond the business case for corporate sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 11(2), pages 130-141, March.
    23. Mengqi Quan & Quan Guo & Qing Xia & Min Zhou, 2021. "Research on the Effects of Environmental Regulations on Industrial-Technological Innovation Based on Pressure Transmission," Sustainability, MDPI, vol. 13(19), pages 1-19, October.
    24. Durán-Romero, Gemma & López, Ana M. & Beliaeva, Tatiana & Ferasso, Marcos & Garonne, Christophe & Jones, Paul, 2020. "Bridging the gap between circular economy and climate change mitigation policies through eco-innovations and Quintuple Helix Model," Technological Forecasting and Social Change, Elsevier, vol. 160(C).
    25. Eglantina Hysa & Alba Kruja & Naqeeb Ur Rehman & Rafael Laurenti, 2020. "Circular Economy Innovation and Environmental Sustainability Impact on Economic Growth: An Integrated Model for Sustainable Development," Sustainability, MDPI, vol. 12(12), pages 1-16, June.
    26. Alessandra Vecchi, 2020. "The Circular Fashion Framework-The Implementation of the Circular Economy by the Fashion Industry," Current Trends in Fashion Technology & Textile Engineering, Juniper Publishers Inc., vol. 6(2), pages 31-35, February.
    27. Ferrer-i-Carbonell, Ada & Gowdy, John M., 2007. "Environmental degradation and happiness," Ecological Economics, Elsevier, vol. 60(3), pages 509-516, January.
    28. Béatrice Parguel & Renaud Lunardo & Florence Benoît-Moreau, 2017. "Sustainability of the sharing economy in question: When second-hand peer-to-peer platforms stimulate indulgent consumption," Post-Print hal-01819619, HAL.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Niu, Bingcheng, 2024. "Government environmental protection expenditure and national ESG performance: Global evidence," Innovation and Green Development, Elsevier, vol. 3(2).
    2. Changya Di & Decai Tang & Yifan Xu, 2023. "Impact of Digital Economy on the High-Quality Development of China’s Service Trade," Sustainability, MDPI, vol. 15(15), pages 1-19, August.
    3. Su Yi & Muhammad Rabnawaz & Waqar Jalal & Ali Zeb, 2023. "The Nexus between Foreign Competition and Buying Innovation: Evidence from China’s High-Technology Industry," Sustainability, MDPI, vol. 15(15), pages 1-27, July.
    4. Ran Ma & Xiaodan Kong & Mianqing Wang & Xiangde Kong, 2023. "The Impact of Utility Model Patent Quality on Export Performance in China: A Moderated Mediation Effect Model," Sustainability, MDPI, vol. 15(10), pages 1-18, May.
    5. Saul Beltozar-Clemente & Orlando Iparraguirre-Villanueva & Félix Pucuhuayla-Revatta & Fernando Sierra-Liñan & Joselyn Zapata-Paulini & Michael Cabanillas-Carbonell, 2023. "Contributions of the 5G Network with Respect to Decent Work and Economic Growth (Sustainable Development Goal 8): A Systematic Review of the Literature," Sustainability, MDPI, vol. 15(22), pages 1-37, November.
    6. Saša Petković & Jelica Rastoka & Dragana Radicic, 2023. "Impact of Innovation and Exports on Productivity: Are There Complementary Effects?," Sustainability, MDPI, vol. 15(9), pages 1-22, April.
    7. Lukas Alexander Benz, 2022. "Critical Success Factors for Circular Business Model Innovation from the Perspective of the Sustainable Development Goals," Sustainability, MDPI, vol. 14(10), pages 1-18, May.
    8. Guoteng Xu & Jingtong Shan & Chengjiang Li & Xia Chen & Na Zhou, 2023. "Study on the Innovation-Driven Effect of Digital Economy on Real Economy—A Theoretical and Empirical Analysis from an R&D Perspective," Sustainability, MDPI, vol. 15(21), pages 1-18, October.
    9. Guoteng Xu & Shuai Peng & Chengjiang Li & Xia Chen, 2023. "Synergistic Evolution of China’s Green Economy and Digital Economy Based on LSTM-GM and Grey Absolute Correlation," Sustainability, MDPI, vol. 15(19), pages 1-29, September.
    10. Xin Zhang & Feng Xu, 2023. "Environmental Regulation and Spatial Spillover Effect of Green Technology Innovation: An Empirical Study on the Spatial Durbin Model," Sustainability, MDPI, vol. 15(19), pages 1-19, September.
    11. Carmen Elena Stoenoiu & Lorentz Jäntschi, 2024. "Sustainable Development of the Economy—A Case Study of the Impacts of the Size of Enterprises and Factors Affecting Performance," Sustainability, MDPI, vol. 16(13), pages 1-38, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Bauwens, Thomas & Hekkert, Marko & Kirchherr, Julian, 2020. "Circular futures: What Will They Look Like?," Ecological Economics, Elsevier, vol. 175(C).
    2. Valeria Andreoni, 2020. "The Trap of Success: A Paradox of Scale for Sharing Economy and Degrowth," Sustainability, MDPI, vol. 12(8), pages 1-17, April.
    3. Ángela Triguero & María C. Cuerva & Francisco J. Sáez‐Martínez, 2022. "Closing the loop through eco‐innovation by European firms: Circular economy for sustainable development," Business Strategy and the Environment, Wiley Blackwell, vol. 31(5), pages 2337-2350, July.
    4. Mariachiara Colucci & Alessandra Vecchi, 2021. "Close the loop: Evidence on the implementation of the circular economy from the Italian fashion industry," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 856-873, February.
    5. Ida K. Rovanto & Anu Bask, 2021. "Systemic circular business model application at the company, supply chain and society levels—A view into circular economy native and adopter companies," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 1153-1173, February.
    6. Ana de Jesus & Minna Lammi & Teresa Domenech & Fedra Vanhuyse & Sandro Mendonça, 2021. "Eco-Innovation Diversity in a Circular Economy: Towards Circular Innovation Studies," Sustainability, MDPI, vol. 13(19), pages 1-22, October.
    7. Florian Hawlitschek & Nicole Stofberg & Timm Teubner & Patrick Tu & Christof Weinhardt, 2018. "How Corporate Sharewashing Practices Undermine Consumer Trust," Sustainability, MDPI, vol. 10(8), pages 1-18, July.
    8. Sirkeci Kübra & Arıkan Esra, 2021. "The Infinite Wardrobe: Female Consumers’ Value Perceptions Regarding Collaborative Consumption of Apparel," South East European Journal of Economics and Business, Sciendo, vol. 16(2), pages 150-170, December.
    9. Anne Bäro & Felix Toepler & Timo Meynhardt & Vivek K. Velamuri, 2022. "Participating in the sharing economy: The role of individual characteristics," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(8), pages 3715-3735, December.
    10. Miha Dominko & Kaja Primc & Renata Slabe-Erker & Barbara Kalar, 2023. "A bibliometric analysis of circular economy in the fields of business and economics: towards more action-oriented research," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(7), pages 5797-5830, July.
    11. Gianluca Elia & Alessandro Margherita & Claudio Petti, 2020. "Building responses to sustainable development challenges: A multistakeholder collaboration framework and application to climate change," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2465-2478, September.
    12. Luca Marrucci & Fabio Iannone & Tiberio Daddi & Fabio Iraldo, 2022. "Antecedents of absorptive capacity in the development of circular economy business models of small and medium enterprises," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 532-544, January.
    13. Akbari, Morteza & Foroudi, Pantea & Khodayari, Maryam & Zaman Fashami, Rahime & Shahabaldini parizi, Zahra & Shahriari, Elmira, 2022. "Sharing Your Assets: A Holistic Review of Sharing Economy," Journal of Business Research, Elsevier, vol. 140(C), pages 604-625.
    14. Guangling Zhang & Liying Wang & Pengfei Shi, 2019. "Research on Sharing Intention Formation Mechanism Based on the Burden of Ownership and Fashion Consciousness," Sustainability, MDPI, vol. 11(4), pages 1-15, February.
    15. Kerem Toker & Ali Görener, 2023. "Evaluation of circular economy business models for SMEs using spherical fuzzy TOPSIS: an application from a developing countries’ perspective," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(2), pages 1700-1741, February.
    16. Wei, Xiaoyong & Lo, Chris.K.Y. & Jung, Sojin & Choi, Tsan-Ming, 2021. "From co-consumption to co-production: A systematic review and research synthesis of collaborative consumption practices," Journal of Business Research, Elsevier, vol. 129(C), pages 282-294.
    17. Acquier, Aurélien & Daudigeos, Thibault & Pinkse, Jonatan, 2017. "Promises and paradoxes of the sharing economy: An organizing framework," Technological Forecasting and Social Change, Elsevier, vol. 125(C), pages 1-10.
    18. Patricia van Loon & Luk N. Van Wassenhove & Ales Mihelic, 2022. "Designing a circular business strategy: 7 years of evolution at a large washing machine manufacturer," Business Strategy and the Environment, Wiley Blackwell, vol. 31(3), pages 1030-1041, March.
    19. Pies, Ingo & Hielscher, Stefan & Everding, Sebastian, 2020. "Do hybrids impede sustainability? How semantic reorientations and governance reforms can produce and preserve sustainability in sharing business models," Journal of Business Research, Elsevier, vol. 115(C), pages 174-185.
    20. Mauro Capestro & Greta Chiavegato, 2023. "Il consumo dei beni di lusso nel contesto della sharing economy: un caso di studio italiano," ECONOMIA E SOCIET? REGIONALE, FrancoAngeli Editore, vol. 2023(1), pages 53-70.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:13:y:2021:i:22:p:12438-:d:676525. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.