IDEAS home Printed from https://ideas.repec.org/a/spr/circec/v2y2022i1d10.1007_s43615-021-00093-2.html
   My bibliography  Save this article

Stakeholder Influence on Adoption of Circular Economy Principles: Measuring Implications for Satisfaction and Green Legitimacy

Author

Listed:
  • Charles Baah

    (Dalian Maritime University)

  • Ebenezer Afum

    (Dalian Maritime University)

  • Yaw Agyabeng-Mensah

    (Dalian Maritime University)

  • Douglas Opoku Agyeman

    (University of Ghana)

Abstract

Stakeholder roles in the adoption of circular economy concepts and corresponding impacts on firms have been crucial for academics and practitioners. However, substantial research gaps exist in relation to the specific influence of organizational, regulatory and community stakeholder groups on the adoption of circular economy principles and how these affect internal and external stakeholder satisfactions and green legitimacy in the context of an emerging economy. Drawing on the stakeholder and institutional theories, stakeholder pressures, adoption of circular economy principles, stakeholder satisfaction and green legitimacy were explored. Using a quantitative approach, the findings showed that regulatory stakeholders have the most influence on adoption of circular economy principles, followed by organizational and community stakeholders. In particular, adoption of circular economy principles robustly influenced external stakeholder satisfaction and green legitimacy while moderately influencing internal stakeholder satisfaction. These findings serve as a guide for policy making, management decision making and future research.

Suggested Citation

  • Charles Baah & Ebenezer Afum & Yaw Agyabeng-Mensah & Douglas Opoku Agyeman, 2022. "Stakeholder Influence on Adoption of Circular Economy Principles: Measuring Implications for Satisfaction and Green Legitimacy," Circular Economy and Sustainability, Springer, vol. 2(1), pages 91-111, March.
    • Handle: RePEc:spr:circec:v:2:y:2022:i:1:d:10.1007_s43615-021-00093-2
    DOI: 10.1007/s43615-021-00093-2
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s43615-021-00093-2
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s43615-021-00093-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Dayuan Li & Min Huang & Shenggang Ren & Xiaohong Chen & Lutao Ning, 2018. "Environmental Legitimacy, Green Innovation, and Corporate Carbon Disclosure: Evidence from CDP China 100," Journal of Business Ethics, Springer, vol. 150(4), pages 1089-1104, July.
    2. Genovese, Andrea & Acquaye, Adolf A. & Figueroa, Alejandro & Koh, S.C. Lenny, 2017. "Sustainable supply chain management and the transition towards a circular economy: Evidence and some applications," Omega, Elsevier, vol. 66(PB), pages 344-357.
    3. Benedetta Esposito & Maria Rosaria Sessa & Daniela Sica & Ornella Malandrino, 2020. "Towards Circular Economy in the Agri-Food Sector. A Systematic Literature Review," Sustainability, MDPI, vol. 12(18), pages 1-21, September.
    4. Alan Murray & Keith Skene & Kathryn Haynes, 2017. "The Circular Economy: An Interdisciplinary Exploration of the Concept and Application in a Global Context," Journal of Business Ethics, Springer, vol. 140(3), pages 369-380, February.
    5. Sarkis, Joseph & Zhu, Qinghua & Lai, Kee-hung, 2011. "An organizational theoretic review of green supply chain management literature," International Journal of Production Economics, Elsevier, vol. 130(1), pages 1-15, March.
    6. Junming Zhu & Chengming Fan & Haijia Shi & Lei Shi, 2019. "Efforts for a Circular Economy in China: A Comprehensive Review of Policies," Journal of Industrial Ecology, Yale University, vol. 23(1), pages 110-118, February.
    7. Shashi, & Centobelli, Piera & Cerchione, Roberto & Singh, Rajwinder, 2019. "The impact of leanness and innovativeness on environmental and financial performance: Insights from Indian SMEs," International Journal of Production Economics, Elsevier, vol. 212(C), pages 111-124.
    8. Orlitzky, Marc, 2011. "Institutional Logics in the Study of Organizations: The Social Construction of the Relationship between Corporate Social and Financial Performance," Business Ethics Quarterly, Cambridge University Press, vol. 21(3), pages 409-444, July.
    9. Samantha Miles, 2017. "Stakeholder Theory Classification: A Theoretical and Empirical Evaluation of Definitions," Journal of Business Ethics, Springer, vol. 142(3), pages 437-459, May.
    10. Kannan Govindan & Mia Hasanagic, 2018. "A systematic review on drivers, barriers, and practices towards circular economy: a supply chain perspective," International Journal of Production Research, Taylor & Francis Journals, vol. 56(1-2), pages 278-311, January.
    11. Donald S. Siegel & Donald F. Vitaliano, 2007. "An Empirical Analysis of the Strategic Use of Corporate Social Responsibility," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 16(3), pages 773-792, September.
    12. Deephouse, David L. & Newburry, William & Soleimani, Abrahim, 2016. "The effects of institutional development and national culture on cross-national differences in corporate reputation," Journal of World Business, Elsevier, vol. 51(3), pages 463-473.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ampofo, Sandra Asantewa & Yunfei, Shao & Opoku-Mensah, Evans & Effah, Derrick & Tuffour, Priscilla & Darko, Debora & Asiedu-Aryeh, Emelia, 2023. "Sustainable mining: Examining the direct and configuration path of legitimacy pressure, dual embeddedness resource dependency and green mining towards resource management," Resources Policy, Elsevier, vol. 86(PA).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. German Arana‐Landin & Waleska Sigüenza & Beñat Landeta‐Manzano & Iker Laskurain‐Iturbe, 2024. "Circular economy: On the road to ISO 59000 family of standards," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(3), pages 1977-2009, May.
    2. Patricia van Loon & Luk N. Van Wassenhove & Ales Mihelic, 2022. "Designing a circular business strategy: 7 years of evolution at a large washing machine manufacturer," Business Strategy and the Environment, Wiley Blackwell, vol. 31(3), pages 1030-1041, March.
    3. Bressanelli, Gianmarco & Visintin, Filippo & Saccani, Nicola, 2022. "Circular Economy and the evolution of industrial districts: a supply chain perspective," International Journal of Production Economics, Elsevier, vol. 243(C).
    4. Fredrick Betuel Sawe & Anil Kumar & Jose Arturo Garza‐Reyes & Rohit Agrawal, 2021. "Assessing people‐driven factors for circular economy practices in small and medium‐sized enterprise supply chains: Business strategies and environmental perspectives," Business Strategy and the Environment, Wiley Blackwell, vol. 30(7), pages 2951-2965, November.
    5. Farrukh, Amna & Mathrani, Sanjay & Sajjad, Aymen, 2023. "Green-lean-six sigma practices and supporting factors for transitioning towards circular economy: A natural resource and intellectual capital-based view," Resources Policy, Elsevier, vol. 84(C).
    6. Ipek Kazancoglu & Yigit Kazancoglu & Emel Yarimoglu & Aysun Kahraman, 2020. "A conceptual framework for barriers of circular supply chains for sustainability in the textile industry," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(5), pages 1477-1492, September.
    7. Mathivathanan, Deepak & Mathiyazhagan, K. & Khorana, Sangeeta & Rana, Nripendra P. & Arora, Bimal, 2022. "Drivers of circular economy for small and medium enterprises: Case study on the Indian state of Tamil Nadu," Journal of Business Research, Elsevier, vol. 149(C), pages 997-1015.
    8. Osei, Vivian & Bai, Chunguang & Asante-Darko, Disraeli & Quayson, Matthew, 2023. "Evaluating the barriers and drivers of adopting circular economy for improving sustainability in the mining industry," Resources Policy, Elsevier, vol. 86(PB).
    9. Yamoah, Fred A. & Sivarajah, Uthayasankar & Mahroof, Kamran & Peña, Iker González, 2022. "Demystifying corporate inertia towards transition to circular economy: A management frame of reference," International Journal of Production Economics, Elsevier, vol. 244(C).
    10. Armaghan Chizaryfard & Paolo Trucco & Cali Nuur, 2021. "The transformation to a circular economy: framing an evolutionary view," Journal of Evolutionary Economics, Springer, vol. 31(2), pages 475-504, April.
    11. Luca Adami & Marco Schiavon, 2021. "From Circular Economy to Circular Ecology: A Review on the Solution of Environmental Problems through Circular Waste Management Approaches," Sustainability, MDPI, vol. 13(2), pages 1-20, January.
    12. Centobelli, Piera & Cerchione, Roberto & Esposito, Emilio & Passaro, Renato & Shashi,, 2021. "Determinants of the transition towards circular economy in SMEs: A sustainable supply chain management perspective," International Journal of Production Economics, Elsevier, vol. 242(C).
    13. Aro, Joerabell Lourdes & Selerio, Egberto & Evangelista, Samantha Shane & Maturan, Fatima & Atibing, Nadine May & Ocampo, Lanndon, 2022. "Fermatean fuzzy CRITIC-CODAS-SORT for characterizing the challenges of circular public sector supply chains," Operations Research Perspectives, Elsevier, vol. 9(C).
    14. Usama Awan & Robert Sroufe & Muhammad Shahbaz, 2021. "Industry 4.0 and the circular economy: A literature review and recommendations for future research," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 2038-2060, May.
    15. Laura Montag, 2023. "Circular Economy and Supply Chains: Definitions, Conceptualizations, and Research Agenda of the Circular Supply Chain Framework," Circular Economy and Sustainability, Springer, vol. 3(1), pages 35-75, March.
    16. Ghinoi, Stefano & Silvestri, Francesco & Steiner, Bodo, 2020. "The role of local stakeholders in disseminating knowledge for supporting the circular economy: a network analysis approach," Ecological Economics, Elsevier, vol. 169(C).
    17. Manavalan Ethirajan & Thanigai Arasu M & Jayakrishna Kandasamy & Vimal K.E.K & Simon Peter Nadeem & Anil Kumar, 2021. "Analysing the risks of adopting circular economy initiatives in manufacturing supply chains," Business Strategy and the Environment, Wiley Blackwell, vol. 30(1), pages 204-236, January.
    18. Monrudee Theeraworawit & Suparak Suriyankietkaew & Philip Hallinger, 2022. "Sustainable Supply Chain Management in a Circular Economy: A Bibliometric Review," Sustainability, MDPI, vol. 14(15), pages 1-21, July.
    19. Md. Abdul Moktadir & Anil Kumar & Syed Mithun Ali & Sanjoy Kumar Paul & Razia Sultana & Jafar Rezaei, 2020. "Critical success factors for a circular economy: Implications for business strategy and the environment," Business Strategy and the Environment, Wiley Blackwell, vol. 29(8), pages 3611-3635, December.
    20. Gupta, Shivam & Chen, Haozhe & Hazen, Benjamin T. & Kaur, Sarabjot & Santibañez Gonzalez, Ernesto D.R., 2019. "Circular economy and big data analytics: A stakeholder perspective," Technological Forecasting and Social Change, Elsevier, vol. 144(C), pages 466-474.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:circec:v:2:y:2022:i:1:d:10.1007_s43615-021-00093-2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.