Circular economy practices of SMEs: do business survivability and supply chain finance matter?
Luluk Lusiantoro; Giorgio Caselli; Arnita Rishanty
Abstract
Keywords
References
Adomako, S., Simms, C., Vazquez-Brust, D., & Nguyen, H. T. T. (2023). Stakeholder green pressure and new product performance in emerging countries: a cross country study.
Akhtar, P., Khan, Z., Frynas, J. G., Tse, Y. K., & Rao-Nicholson, R. (2018). Essential macro-foundations for contemporary business operations: top management tangible competencies, relationship-based business networks and environmental sustainability.
Ali, Z., Gongbing, B., & Mehreen, A. (2018). Does supply chain finance improve SMEs performance? The moderating role of trade digitization.
Ali, Z., Gongbing, B., Mehreen, A., & Ghani, U. (2020). Predicting firm performance through supply chain finance: a moderated and mediated model link.
Andersén, J. (2011). Strategic resources and firm performance.
Anwar, M., & Li, S. (2021). Spurring competitiveness, financial and environmental performance of SMEs through government financial and non-financial support.
Arranz, C. F. A., Arroyabe, M. F., Demirel, P., Kesidou, E., & Panwar, R. (2024).
Atasu, A., Dumas, C., & Wassenhove, L. N. V. (2021). The circular business model.
Audretsch, D. B. (1994). Business survival and the decision to exit.
Audretsch, D. B. (1995). Innovation, growth and survival.
Banbury, C. M., & Mitchell, W. (1995). The effect of introducing important incremental innovations on market share and business survival.
Bank Indonesia. (2013).
Batista, L., Seuring, S., Genovese, A., Sarkis, J., & Sohal, A. (2023). Theorising circular economy and sustainable operations and supply chain management: a sustainability-dominant logic.
Botana, L. F. S., & Costa Neto, P. L. O. (2014). Management model for micro and small enterprises supported by Maslow’s Theory: an option for graphic industry in Brazil. In
Cefis, E., & Marsili, O. (2006). Survivor: the role of innovation in firms’ survival.
Chakuu, S., Masi, D., & Godsell, J. (2019). Exploring the relationship between mechanisms, actors and instruments in supply chain finance: a systematic literature review.
Chavez, R., Malik, M., Ghaderi, H., & Yu, W. (2023). Environmental collaboration with suppliers and cost performance: Exploring the contingency role of digital orientation from a circular economy perspective.
Cheah, J. H., Kersten, W., Ringle, C. M., & Wallenburg, C. (2023). Guest editorial: Predictive modeling in logistics and supply chain management research using partial least squares structural equation modeling.
Christopher, M., & Towill, D. (2001). An integrated model for the design of agile supply chains.
Clampit, J. A., Lorenz, M. P., Gamble, J. E., & Lee, J. (2022). Performance stability among small and medium-sized enterprises during COVID-19: a test of the efficacy of dynamic capabilities.
Colucci, M., & Vecchi, A. (2024). Tackling climate change with end-of-life circular fashion practices – Remade in Italy with amore.
Coordinating Ministry of Economic Affairs. (2021).
Coordinating Ministry of Economic Affairs. (2022).
Crals, E., & Vereeck, L. (2005). The affordability of sustainable entrepreneurship certification for SMEs.
Cui, L., Wang, Y., Chen, W., Wen, W., & Han, M. S. (2021). Predicting determinants of consumers’ purchase motivation for electric vehicles: an application of Maslow’s hierarchy of needs model.
Dey, P. K., Malesios, C., Chowdhury, S., Saha, K., Budhwar, P., & De, D. (2022). Adoption of circular economy practices in small and medium-sized enterprises: evidence from Europe.
Duymedjian, R., & Rüling, C. C. (2010). Towards a foundation of bricolage in organization and management theory.
Ertel, S. (2021). Small business post–COVID-19: Motivational needs through uncertain times.
Fabbe‐Costes, N., & Jahre, M. (2008). Supply chain integration and performance: a review of the evidence.
Fathoni, H. S., Boer, R., & Sulistiyanti, (2021). Battle over the sun: resistance, tension, and divergence in enabling rooftop solar adoption in Indonesia.
Fornell, C., & Larcker, D. F. (1981). Evaluating structural equation models with unobservable variables and measurement error.
Fynes, B., De Búrca, S., & Voss, C. (2005). Supply chain relationship quality, the competitive environment and performance.
Garengo, P., Biazzo, S., & Bititci, U. S. (2005). Performance measurement systems in SMEs: a review for a research agenda.
Gaskins, T. J. (2019).
Geissdoerfer, M., Savaget, P., Bocken, N. M., & Hultink, E. J. (2017). The Circular Economy–A new sustainability paradigm?
Gelsomino, L. M., Mangiaracina, R., Perego, A., & Tumino, A. (2016). Supply chain finance: a literature review.
Ghisellini, P., Cialani, C., & Ulgiati, S. (2016). A review on circular economy: the expected transition to a balanced interplay of environmental and economic systems.
Gusmerotti, N. M., Testa, F., Corsini, F., Pretner, G., & Iraldo, F. (2019). Drivers and approaches to the circular economy in manufacturing firms.
Hair, J. F., Black, W. C., Babin, B. J., & Anderson, R. E. (2014).
Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM.
Harris, C., Zimmer, T. E., & Martin, K. B. (2014). Maslow’s hierarchy and the intertwined relationship between community and small business.
Hemingway, C. A., & Maclagan, P. W. (2004). Managers’ personal values as drivers of corporate social responsibility.
Hisrich, R. D., Shepherd, D. A., & Peters, M. P. (2008).
Huang, C., Chan, F. T., & Chung, S. H. (2022). Recent contributions to supply chain finance: towards a theoretical and practical research agenda.
Huyghebaert, N. (2006). On the determinants and dynamics of trade credit use: empirical evidence from business start‐ups.
Indonesia. (2021).
Janker, K., Mann, S., & Rist, S. (2019). Social sustainability in agriculture – A system-based framework.
Jia, F., Zhang, T., & Chen, L. (2020). Sustainable supply chain finance: towards a research agenda.
Keizer, J. A., Dijkstra, L., & Halman, J. I. (2002). Explaining innovative efforts of SMEs: an exploratory survey among SMEs in the mechanical and electrical engineering sector in The Netherlands.
Kirchherr, J. W., & Van Santen, R. (2019). Research on the circular economy: a critique of the field.
Kirchherr, J., Reike, D., & Hekkert, M. (2017). Conceptualizing the circular economy: an analysis of 114 definitions.
Klein, S. P., Liszt‐Rohlf, V., & Spieth, P. (2023). Value‐based bricolage: resource mobilization in the circular economy.
Korsunova, A., Halme, M., Kourula, A., Levänen, J., & Lima-Toivanen, M. (2022). Necessity-driven circular economy in low-income contexts: how informal sector practices retain value for circularity.
Laforet, S., & Tann, J. (2006). Innovative characteristics of small manufacturing firms.
Lam, L. W. (2012). Impact of competitiveness on salespeople’s commitment and performance.
Lee, B. T. F., & Sims, J. P. (2023). Maslow’s hierarchy of needs: a framework for understanding China’s soes, smes and Decentralisation.
Lin, Y., & Wu, L. Y. (2014). Exploring the role of dynamic capabilities in firm performance under the resource-based view framework.
Liu, Z., Adams, M., & Walker, T. R. (2018). Are exports of recyclables from developed to developing countries waste pollution transfer or part of the global circular economy?
Lussier, K. (2019). Of Maslow, motives, and managers: the hierarchy of needs in American business, 1960-1985.
Luthra, S., Kumar, A., Sharma, M., Garza-Reyes, J. A., & Kumar, V. (2022). An analysis of operational behavioural factors and circular economy practices in SMEs: an emerging economy perspective.
Martin, J., & Hofmann, E. (2017). Involving financial service providers in supply chain finance practices: company needs and service requirements.
Maslow, A. H. (1943). A theory of human motivation.
Matthews, L. M., Sarstedt, M., Hair, J. F., & Ringle, C. M. (2016). Identifying and treating unobserved heterogeneity with FIMIX-PLS: Part II–A case study.
Merli, R., Preziosi, M., & Acampora, A. (2018). How do scholars approach the circular economy? A systematic literature review.
Mileski, J. P., & Franklin, C. L. (2017). The humanization of corporations.
Mishra, R., Singh, R. K., & Govindan, K. (2022). Barriers to the adoption of circular economy practices in micro, small and medium enterprises: Instrument development, measurement and validation.
Moraga, G., Huysveld, S., Mathieux, F., Blengini, G. A., Alaerts, L., Van Acker, K., De Meester, S., & Dewulf, J. (2019). Circular economy indicators: What do they measure?
Morea, D., Fortunati, S., & Martiniello, L. (2021). Circular economy and corporate social responsibility: towards an integrated strategic approach in the multinational cosmetics industry.
Morea, D., Fortunati, S., Cappa, F., & Oriani, R. (2023). Corporate social responsibility as a catalyst of circular economy? A case study perspective in Agri-food.
Morris, M. H., Neumeyer, X., Jang, Y., & Kuratko, D. F. (2018). Distinguishing types of entrepreneurial ventures: An identity‐based perspective.
Nguyen, T. P. L. (2023). Integrating circular economy into STEM education: a promising pathway toward circular citizenship development.
Ortiz-Villajos, J. M., & Sotoca, S. (2018). Innovation and business survival: a long-term approach.
Patra, S. P., Wankhede, V. A., & Agrawal, R. (2024). Circular economy practices in supply chain finance: a state-of-the-art review.
Qiao, R., & Zhao, L. (2023). Reduce supply chain financing risks through supply chain integration: dual approaches of alleviating information asymmetry and mitigating supply chain risks.
Republika. (2023).
Ringle, C. M., Wende, S., & Becker, J. M. (2022).
Rizos, V., Behrens, A., Van Der Gaast, W., Hofman, E., Ioannou, A., Kafyeke, T., Flamos, A., Rinaldi, R., Papadelis, S., Hirschnitz-Garbers, M., & Topi, C. (2016). Implementation of circular economy business models by small and medium-sized enterprises (SMEs): Barriers and enablers.
Ruggerio, C. A. (2021). Sustainability and sustainable development: a review of principles and definitions.
Ryan, B. J., Coppola, D., Canyon, D. V., Brickhouse, M., & Swienton, R. (2020). COVID-19 community stabilization and sustainability framework: an integration of the Maslow hierarchy of needs and social determinants of health.
Scott, W. R., & Davis, G. F. (2007).
Sehnem, S., de Queiroz, A. A. F. S., Pereira, S. C. F., dos Santos Correia, G., & Kuzma, E. (2022). Circular economy and innovation: a look from the perspective of organizational capabilities.
Seifert, D., Seifert, R. W., & Protopappa-Sieke, M. (2013). A review of trade credit literature: Opportunities for research in operations.
Shmueli, G., Ray, S., Estrada, J. M. V., & Chatla, S. B. (2016). The elephant in the room: predictive performance of PLS models.
Shmueli, G., Sarstedt, M., Hair, J. F., Cheah, J. H., Ting, H., Vaithilingam, S., & Ringle, C. M. (2019). Predictive model assessment in PLS-SEM: Guidelines for using PLSpredict.
Sohal, A., Nand, A. A., Goyal, P., & Bhattacharya, A. (2022). Developing a circular economy: an examination of SME’s role in India.
Songling, Y., Ishtiaq, M., Anwar, M., & Ahmed, H. (2018). The role of government support in sustainable competitive position and firm performance.
Sousa-Zomer, T. T., Magalhães, L., Zancul, E., Campos, L. M., & Cauchick-Miguel, P. A. (2018). Cleaner production as an antecedent for circular economy paradigm shift at the micro-level: evidence from a home appliance manufacturer.
Spector, P. E. (2019). Do not cross me: Optimizing the use of cross-sectional designs.
Stoll, E. E., & Ha-Brookshire, J. E. (2012). Motivations for success: Case of U.S. textile and apparel small and medium-sized enterprises.
Suárez-Eiroa, B., Fernández, E., Méndez-Martínez, G., & Soto-Oñate, D. (2019). Operational principles of circular economy for sustainable development: Linking theory and practice.
Suchek, N., Fernandes, C. I., Kraus, S., Filser, M., & Sjögrén, H. (2021). Innovation and the circular economy: a systematic literature review.
The World Bank. (2023).
Tuzzolino, F., & Armandi, B. R. (1981). A need-hierarchy framework for assessing corporate social responsibility.
Udo, V. E., & Jansson, P. M. (2009). Bridging the gaps for global sustainable development: a quantitative analysis.
United Nations Development Programme – UNDP. (2021a).
United Nations Development Programme – UNDP. (2021b).
United Nations Development Programme – UNDP. (2022).
Uribe-Toril, J., Ruiz-Real, J. L., Galindo Durán, A. C., Torres Arriaza, J. A., & de Pablo Valenciano, J. (2022). The Circular Economy and retail: using Deep Learning to predict business survival.
Valkonen, J., & Loikkanen, T. (2020). Waste citizenship in circular economy: case study of waste governance in Finnish Lapland. In S. Serafimova (Ed.),
Van Praag, C. M. (2003). Business survival and success of young small business owners.
Vargo, J., & Seville, E. (2011). Crisis strategic planning for SMEs: finding the silver lining.
Veleva, V., & Bodkin, G. (2018). Corporate-entrepreneur collaborations to advance a circular economy.
Wang, S., Cheah, J. H., Wong, C. Y., & Ramayah, T. (2023). Progress in partial least squares structural equation modeling use in logistics and supply chain management in the last decade: a structured literature review.
World Commission on Environment and Development - WCED (1987).
Worldometers. (2023a).
Worldometers. (2023b).
Woschke, T., Haase, H., & Kratzer, J. (2017). Resource scarcity in SMEs: Effects on incremental and radical innovations.
Wuttke, D. A., Blome, C., Foerstl, K., & Henke, M. (2013). Managing the innovation adoption of supply chain finance – Empirical evidence from six European case studies.
Xu, X., Chen, X., Jia, F., Brown, S., Gong, Y., & Xu, Y. (2018). Supply chain finance: a systematic literature review and bibliometric analysis.
Yi, H., & Liu, Y. (2015). Green economy in China: Regional variations and policy drivers.
Zheng, Y., Zhao, Y., & Meng, X. (2021). Market entrance and pricing strategies for a capital-constrained remanufacturing supply chain: effects of equity and bank financing on circular economy.
Zhou, H., & Benton Junior, W. C. (2007). Supply chain practice and information sharing.
Zhou, Q., Chen, X., & Li, S. (2018). Innovative financial approach for agricultural sustainability: a case study of Alibaba.
Submitted date:
11/28/2024
Accepted date:
07/02/2025
Facebook
Google+
Twitter
LinkedIn
Mendeley
StumbleUpon
CiteULike
Reddit
Email