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Modelling the Interplay Between Institutions and Circular Economy Business Models: A Case Study of Battery Recycling in Finland and Chile

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  • Levänen, Jarkko
  • Lyytinen, Tatu
  • Gatica, Sebastian

Abstract

This article develops an analytical framework for modelling the complex interactions between circular economy business model activities and the features of diverse institutional operating environments. Developed framework combines business model conceptualization with institutional theorization to understand how institutions influence on business conduct. Business model concept is used to describe organizational activities and managerial cognition in a structured manner and institutional theory is used to identify features that may facilitate or hamper particular activities in a particular operational environment. Countries' institutional environments related to the advancement of circular economy differ from each other and therefore comparison between the situations provides an interesting context to study the dynamics between companies' business models and the institutional features. We apply our analytical framework to a case study of two recycling companies operating in Finland and Chile to explore links between the firm-level activities and developments outside the firm. The results highlight the interdependent nature of the relationship between the business models and context-specific institutions, the logics between positive and negative value materials, and the differences between countries in the promotion of circular economy.

Suggested Citation

  • Levänen, Jarkko & Lyytinen, Tatu & Gatica, Sebastian, 2018. "Modelling the Interplay Between Institutions and Circular Economy Business Models: A Case Study of Battery Recycling in Finland and Chile," Ecological Economics, Elsevier, vol. 154(C), pages 373-382.
    • Handle: RePEc:eee:ecolec:v:154:y:2018:i:c:p:373-382
    DOI: 10.1016/j.ecolecon.2018.08.018
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    Cited by:

    1. Figge, Frank & Thorpe, Andrea Stevenson, 2023. "Circular economy, operational eco-efficiency, and sufficiency. An integrated view," Ecological Economics, Elsevier, vol. 204(PB).
    2. Yohannes A. Alamerew & Marianna Lena Kambanou & Tomohiko Sakao & Daniel Brissaud, 2020. "A Multi-Criteria Evaluation Method of Product-Level Circularity Strategies," Sustainability, MDPI, vol. 12(12), pages 1-20, June.
    3. Marzena Smol & Paulina Marcinek & Joanna Duda, 2024. "Circular Business Models (CBMs) in Environmental Management—Analysis of Definitions, Typologies and Methods of Creation in Organizations," Sustainability, MDPI, vol. 16(3), pages 1-25, January.
    4. Ingvild Reine Assmann & Francesco Rosati & Sandra Naomi Morioka, 2023. "Determinants of circular business model adoption—A systematic literature review," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 6008-6028, December.
    5. Kerem Toker & Ali Görener, 2023. "Evaluation of circular economy business models for SMEs using spherical fuzzy TOPSIS: an application from a developing countries’ perspective," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(2), pages 1700-1741, February.
    6. Anna Härri & Jarkko Levänen & Katariina Koistinen, 2020. "Marginalized Small-Scale Farmers as Actors in Just Circular-Economy Transitions: Exploring Opportunities to Circulate Crop Residue as Raw Material in India," Sustainability, MDPI, vol. 12(24), pages 1-18, December.
    7. Ida K. Rovanto & Anu Bask, 2021. "Systemic circular business model application at the company, supply chain and society levels—A view into circular economy native and adopter companies," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 1153-1173, February.
    8. Valve, Helena & Lazarevic, David & Humalisto, Niko, 2021. "When the circular economy diverges: The co-evolution of biogas business models and material circuits in Finland," Ecological Economics, Elsevier, vol. 185(C).
    9. Carlos F. A. Arranz & Caleb Kwong & Vania Sena, 2023. "The effect of consumption and production policies on circular economy business models: A machine learning approach," Journal of Industrial Ecology, Yale University, vol. 27(4), pages 1089-1104, August.
    10. Geraldo Cardoso de Oliveira Neto & Auro de Jesus Cardoso Correia & Henrricco Nieves Pujol Tucci & Rosângela Andrade Pita Brancalhão Melatto & Marlene Amorim, 2023. "Reverse Chain for Electronic Waste to Promote Circular Economy in Brazil: A Survey on Electronics Manufacturers and Importers," Sustainability, MDPI, vol. 15(5), pages 1-27, February.
    11. Chia‐Hao Ho & Steffen Böhm & David Monciardini, 2022. "The collaborative and contested interplay between business and civil society in circular economy transitions," Business Strategy and the Environment, Wiley Blackwell, vol. 31(6), pages 2714-2727, September.
    12. Piera Centobelli & Roberto Cerchione & Davide Chiaroni & Pasquale Del Vecchio & Andrea Urbinati, 2020. "Designing business models in circular economy: A systematic literature review and research agenda," Business Strategy and the Environment, Wiley Blackwell, vol. 29(4), pages 1734-1749, May.
    13. Daniel A. Salas & Paulina Criollo & Angel D. Ramirez, 2021. "The Role of Higher Education Institutions in the Implementation of Circular Economy in Latin America," Sustainability, MDPI, vol. 13(17), pages 1-27, August.
    14. Marcos Ferasso & Tatiana Beliaeva & Sascha Kraus & Thomas Clauss & Domingo Ribeiro‐Soriano, 2020. "Circular economy business models: The state of research and avenues ahead," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3006-3024, December.
    15. Savu Rovanto & Max Finne, 2023. "What Motivates Entrepreneurs into Circular Economy Action? Evidence from Japan and Finland," Journal of Business Ethics, Springer, vol. 184(1), pages 71-91, April.
    16. Sudusinghe, Jayani Ishara & Seuring, Stefan, 2022. "Supply chain collaboration and sustainability performance in circular economy: A systematic literature review," International Journal of Production Economics, Elsevier, vol. 245(C).
    17. Danilo Boffa & Antonio Prencipe & Armando Papa & Christian Corsi & Mario Sorrentino, 2023. "Boosting circular economy via the b-corporation roads. The effect of the entrepreneurial culture and exogenous factors on sustainability performance," International Entrepreneurship and Management Journal, Springer, vol. 19(2), pages 523-561, June.
    18. Syed Abdul Rehman Khan & Pablo Ponce & George Thomas & Zhang Yu & Mohammad Saad Al-Ahmadi & Muhammad Tanveer, 2021. "Digital Technologies, Circular Economy Practices and Environmental Policies in the Era of COVID-19," Sustainability, MDPI, vol. 13(22), pages 1-14, November.
    19. Augusto Bianchini & Jessica Rossi & Marco Pellegrini, 2019. "Overcoming the Main Barriers of Circular Economy Implementation through a New Visualization Tool for Circular Business Models," Sustainability, MDPI, vol. 11(23), pages 1-33, November.
    20. Leticia Sarmento dos Muchangos, 2022. "Mapping the Circular Economy Concept and the Global South," Circular Economy and Sustainability,, Springer.
    21. Michael Fuchs & Gregor Hovemann, 2022. "Homogeneity or Heterogeneity: An Institutional Theory View on Circular Economy Practices in the Outdoor Sporting Goods Industry," Sustainability, MDPI, vol. 14(10), pages 1-19, May.
    22. Chiara Giosuè & Daniele Marchese & Matteo Cavalletti & Robertino Isidori & Massimo Conti & Simone Orcioni & Maria Letizia Ruello & Pierluigi Stipa, 2021. "An Exploratory Study of the Policies and Legislative Perspectives on the End-of-Life of Lithium-Ion Batteries from the Perspective of Producer Obligation," Sustainability, MDPI, vol. 13(20), pages 1-19, October.

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