Technological Revolution and Circular Economy Practices: A Mechanism of Green Economy

被引:37
|
作者
Khan, Syed Abdul Rehman [1 ]
Umar, Muhammad [2 ]
Asadov, Alam [3 ]
Tanveer, Muhammad [4 ]
Yu, Zhang [5 ,6 ]
机构
[1] Xuzhou Univ Technol, Sch Management & Engn, Xuzhou 221006, Jiangsu, Peoples R China
[2] Univ Malaysia Terengganu, Fac Business Econ & Social Dev, Kuala Terengganu 21030, Malaysia
[3] Prince Sultan Univ, Coll Business Adm, Rafha St, Riyadh 11586, Saudi Arabia
[4] Prince Sultan Univ, Rafha St, Riyadh 11586, Saudi Arabia
[5] Changan Univ, Sch Econ & Management, Xian 710064, Peoples R China
[6] ILMA Univ, Dept Business Adm, Karachi 75190, Pakistan
关键词
circular economy; Industry; 4; 0; green economy; CB-SEM; automotive industry; SUPPLY CHAIN MANAGEMENT; INDUSTRY; 4.0; SOCIAL SUSTAINABILITY; PERFORMANCE; BARRIERS; DRIVERS; ENERGY; INDIA; FIRM;
D O I
10.3390/su14084524
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Rising environmental concerns, Industry 4.0 technologies, and circular economy (CE) practices are the prevailing business considerations of the current time, and they are transforming business models. Keeping in view the importance of these considerations, this work looks into the role of Industry 4.0 technologies in adoption of CE practices and the impact of CE practices on firms' performance. The current study collected data from 213 automotive firms located in Eastern European countries including Poland, Romania, and Ukraine. Using Covariance-Based Structural Equation Modelling (CB-SEM), the current study provides some important findings. Firstly, Industry 4.0 technologies significantly enhance circular economy practices. Secondly, circular economy practices are found to be positively related with environmental and operational performance. Lastly, higher economic and operational performance boost organizational performance. Hence, the current study provides deeper understanding regarding performance implications of Industry 4.0 technologies and offers insights about ways of promoting sustainable performance in the current age of digitization.
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收藏
页数:14
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