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Circular Economy - The Premises Of Business Models Circular

Author

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  • ISACHI, Silvia Elena

    (Centre for Financial and Monetary Research “Victor Slavescu”, N.I.E.R., Romanian Academy, Bucharest, Romania)

Abstract

In this paper, we propose to review the theory of the implementation of sustainable business models of the last generation to profit in the circular economy. The circular economy model has become more and more important in recent decades as a replacement model for the classical, linear economic approach, in which products are manufactured, used and then disposed of, with a significant loss of value, due to the depletion of classical material resources, the need to protect the natural environment and develop sustainable businesses. The success of the circular economy concept involves all three dimensions of sustainable development - economic, environmental protection and social dimension, with sustainability being the subject of corporate reporting.

Suggested Citation

  • ISACHI, Silvia Elena, 2022. "Circular Economy - The Premises Of Business Models Circular," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 10(1), pages 238-245, October.
    • Handle: RePEc:vls:rojfme:v:10:y:2022:i:1:p:238-245
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    References listed on IDEAS

    as
    1. Kirchherr, Julian & Reike, Denise & Hekkert, Marko, 2017. "Conceptualizing the circular economy: An analysis of 114 definitions," Resources, Conservation & Recycling, Elsevier, vol. 127(C), pages 221-232.
    2. 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.
    3. Amit, Raphael & Zott, Christoph, 2010. "Business model innovation: Creating value in times of change," IESE Research Papers D/870, IESE Business School.
    4. Trevor Zink & Roland Geyer, 2017. "Circular Economy Rebound," Journal of Industrial Ecology, Yale University, vol. 21(3), pages 593-602, June.
    5. Mateusz Lewandowski, 2016. "Designing the Business Models for Circular Economy—Towards the Conceptual Framework," Sustainability, MDPI, vol. 8(1), pages 1-28, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    circular economy; sustainability; business models;
    All these keywords.

    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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