The research found that circular economy (CE) can promote the improvement of enterprise innovation output, and the interaction between CE and open innovation can further enhance this effect.
Authors
Xiongfeng Pan, School of Economics and Management, Dalian University of Technology, Dalian, China.
Jiahong Yuan, School of Economics and Management, Dalian University of Technology, Dalian, China.
Sachin Kumar Mangla, Jindal Global Business School, O P Jindal Global University, Sonipat, India.
Malin Song, School of Statistics and Applied Mathematics, Anhui University of Finance and Economics, Bengbu, China.
Lenka Siranova, Technological University Brno, Brno, Czechia
Alberto Ferraris, Department of Management, University of Turin, Turin, Italy; Laboratory for International and Regional Economics, Graduate School of Economics and Management, Ural Federal University, Yekaterinburg, Russia.
Summary
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.
Published in: IEEE Transactions on Engineering Management
To read the full article, please click here.
