Publication result detail

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

PAN, X.; JIAHONG, Y.; ŠIRÁŇOVÁ, L.; MANGLA, S.; SONG, M.; FERRARIS, A.

Original Title

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

English Title

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

Type

WoS Article

Original 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.

English 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.

Keywords

Circular economy (CE); innovation performance; open innovation (OI); stakeholder theory; text analysis; resource-based view

Key words in English

Circular economy (CE); innovation performance; open innovation (OI); stakeholder theory; text analysis; resource-based view

Authors

PAN, X.; JIAHONG, Y.; ŠIRÁŇOVÁ, L.; MANGLA, S.; SONG, M.; FERRARIS, A.

RIV year

2024

Released

26.10.2023

Publisher

IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC

Location

PISCATAWAY

ISBN

1558-0040

Periodical

IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT

Volume

2023

Number

october

State

United States of America

Pages from

1

Pages to

12

Pages count

12

URL

https://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=10297969

BibTex

@article{BUT187756,
  author="Xiongfeng {Pan} and Yuan {Jiahong} and Lenka {Širáňová} and Sachin Kumar {Mangla} and Malin {Song} and Alberto {Ferraris}",
  title="How Does Circular Economy Affect Firms' Innovation Performance? The Interaction Effect of Open Innovation",
  journal="IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT",
  year="2023",
  volume="2023",
  number="october",
  pages="1--12",
  doi="10.1109/TEM.2023.3321887",
  issn="0018-9391",
  url="https://ieeexplore.ieee.org/stamp/stamp.jsp?tp=&arnumber=10297969"
}