Unveiling the power of social value: Catalyzing circular economy in emerging market SMEs
Yükleniyor...
Dosyalar
Tarih
2024
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The circular economy serves as a dynamic force for sustainability, emphasizing energy conservation, enduring design, and recycling, all while prioritizing value creation. Aligned with the comprehensive triple bottom line framework, encompassing environmental, social, and financial dimensions, circular economy initiatives hold the promise of substantial organizational benefits. This research, deeply rooted in systems thinking, investigates the pivotal role of social value in achieving organizational objectives. Employing structural equation modeling, a serial mediation model is meticulously crafted based on a cross-sectional online survey conducted among small and medium-sized enterprises in Turkey. The findings bring to light mutually reinforcing relationships among triple bottom line dimensions, accentuating the positive mediating mechanisms between social value initiatives and organizational performance. This study significantly advances our understanding of social value, circular economy practices, and sustainability within the context of Turkish SMEs. The practical implications of this research provide valuable guidance for organizations navigating the realms of social and environmental responsibility. Through the implementation of diverse strategies, organizations can adeptly integrate and manage the multifaceted aspects of the triple bottom line, culminating in favorable outcomes and the cultivation of triumvirate elements that augment organizational performance.
Açıklama
Anahtar Kelimeler
Circular Economy, Emerging Markets, SMEs, Systems Thinking View, Triple Bottom Line, Turkey
Kaynak
Journal of Cleaner Production
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
453
Sayı
Künye
Ayaz, Ö. ve Tatoğlu, E. (2024). Unveiling the power of social value: Catalyzing circular economy in emerging market SMEs. Journal of Cleaner Production, 453, 1-19. https://www.doi.org/10.1016/j.jclepro.2024.142245
