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How do green financing and green logistics affect the circular economy in the pandemic situation: key mediating role of sustainable production

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  • Long Jinru
  • Zhong Changbiao
  • Bilal Ahmad
  • Muhammad Irfan
  • Rabia Nazir

Abstract

Emerging economies are striving to realize their potential for sustainable production in achieving zero-carbon agenda. Due to natural resource constraints, businesses must focus on green production resources to develop the circular economy. Therefore, this study aims to identify the key role of green financing and logistics in adopting sustainable production and circular economy. We have collected the data from 240 respondents from the Chinese manufacturing sector following the COVID-19 peak in late 2020 and analyzed using structural equation modeling. As per research findings, green financing and green logistics have a significant and positive effect on sustainable production and the circular economy. Second, sustainable production has a significant positive influence on the circular economy. Manifestly, sustainable production was discovered to play an important mediating role among these variables. Besides, the novel Importance-performance map analysis shows each constructs performance and importance value towards the circular economy. This paper contributed to the literature and highlighted the importance of each construct. Moreover, the study findings implied that green financing and green logistics should be integrated into organizational procuring and financing strategies for manufacturing green and sustainable goods, and advancing the circular economy goals.

Suggested Citation

  • Long Jinru & Zhong Changbiao & Bilal Ahmad & Muhammad Irfan & Rabia Nazir, 2022. "How do green financing and green logistics affect the circular economy in the pandemic situation: key mediating role of sustainable production," Economic Research-Ekonomska Istraživanja, Taylor & Francis Journals, vol. 35(1), pages 3836-3856, December.
    • Handle: RePEc:taf:reroxx:v:35:y:2022:i:1:p:3836-3856
    DOI: 10.1080/1331677X.2021.2004437
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    Citations

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    Cited by:

    1. Jianmu Ye & Efifania Dela, 2023. "The Effect of Green Investment and Green Financing on Sustainable Business Performance of Foreign Chemical Industries Operating in Indonesia: The Mediating Role of Corporate Social Responsibility," Sustainability, MDPI, vol. 15(14), pages 1-28, July.
    2. Sun, Suchao & Xing, Tiancai & Fan, Dong, 2024. "Supporting investment on long-term funding to maximize the effect of efficient use of natural resources," Resources Policy, Elsevier, vol. 90(C).
    3. Gu, Xiao & Shen, Xi & Zhong, Xiangming & Wu, Tong & Rahim, Syed, 2023. "Natural resources and undesired productions of environmental outputs as green growth: EKC in the perspective of green finance and green growth in the G7 region," Resources Policy, Elsevier, vol. 82(C).
    4. Skare, Marinko & Gavurova, Beata & Kovac, Viliam, 2024. "Mitigating resource curse impact through implementing circular economy effective strategies," Resources Policy, Elsevier, vol. 92(C).
    5. Lee, Chien-Chiang & Wang, Fuhao & Chang, Yu-Fang, 2023. "Does green finance promote renewable energy? Evidence from China," Resources Policy, Elsevier, vol. 82(C).
    6. Chen, Yuanhan, 2024. "Cleaning Russian oil industry for energy resource exploration and industrial transformation towards zero carbon green recovery: Role of inclusive digital finance," Resources Policy, Elsevier, vol. 88(C).
    7. Liu, Wei & Zhang, Jian & Ji, Ming & Luo, Yujia, 2024. "Investigating the link between green finance, environmental orientation, and carbon neutrality: A panel study of the metal extraction sector," Resources Policy, Elsevier, vol. 89(C).
    8. Wang, Xinxin & Xu, Zeshui & Niu, Ruoxuan & Skare, Marinko & Rahat, Birjees, 2024. "The convergence in per capita natural resources in the perspective of resource curse," Resources Policy, Elsevier, vol. 90(C).
    9. Bhavesh Kumar & Love Kumar & Avinash Kumar & Ramna Kumari & Uroosa Tagar & Claudio Sassanelli, 2024. "Green finance in circular economy: a literature review," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(7), pages 16419-16459, July.
    10. Daniela Acquadro Maran & Matti Ullah Butt & Tatiana Begotti, 2023. "Pro-Environment Behaviors, Efficacy Beliefs, Perceived Individual and Social Norms: A Questionnaire Survey in a Sample of Young Adults From Pakistan," SAGE Open, , vol. 13(4), pages 21582440231, November.
    11. Wuttichai Youngswaing & Sajjakaj Jomnonkwao & Ekkapong Cheunkamon & Vatanavongs Ratanavaraha, 2024. "Key Factors Shaping Green Logistics in Thailand’s Auto Industry: An Application of Structural Equation Modeling," Logistics, MDPI, vol. 8(1), pages 1-25, February.
    12. Liu, Fang & Umair, Muhammad & Gao, Junjun, 2023. "Assessing oil price volatility co-movement with stock market volatility through quantile regression approach," Resources Policy, Elsevier, vol. 81(C).

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