Abstract
Considering the crucial role of eco-innovation in the circular economy (CE) transition, the burgeoning literature from multiple disciplines explores factors that drive pro-CE eco-innovation (circular EI). However, mixed findings hamper us from understanding circular EI drivers comprehensively. Drawing upon the awareness-motivation-capability framework, we leverage deep learning techniques to identify a firm’s social engagement sourced from its digital CSR communications on social media (CSR social engagement) as an awareness variable, and apply stochastic frontier analysis to evaluate technological innovation efficiency as the capability one. Then, we argue that these two drivers directly influence a firm’s circular EI developments. Further, we also propose that environmental regulations and industrial competition, as the external institutional motivations, can moderate the direct effects of CSR social engagement and technological innovation efficiency on circular EI. Based on a unique dataset of 181 listed manufacturing firms in China from 2014 to 2019, our empirical findings suggest that CSR social engagement and technological innovation efficiency facilitate circular EI developments. Surprisingly, environmental regulation and industrial competition have distinct moderating effects on these positive relationships. Ultimately, this study provides manifold theoretical and managerial insights for policy-makers and manufacturing firms to tackle circular EI issues.
This is a preview of subscription content, log in via an institution to check access.
Similar content being viewed by others
References
Aghion, P., Bechtold, S., Cassar, L., & Herz, H. (2018). The causal effects of competition on innovation: Experimental evidence. Journal of Law Economics and Organization, 34(2), 162–195. https://doi.org/10.1093/jleo/ewy004.
Bag, S., Dhamija, P., Bryde, D. J., & Singh, R. K. (2022). Effect of eco-innovation on green supply chain management, circular economy capability, and performance of small and medium enterprises. Journal of Business Research, 141, 60–72. https://doi.org/10.1016/j.jbusres.2021.12.011.
Batista, L., Bourlakis, M., Liu, Y., Smart, P., & Sohal, A. (2018). Supply chain operations for a circular economy. Production Planning and Control, 29(6), 419–424. https://doi.org/10.1080/09537287.2018.1449267.
Brik, A. B., Rettab, B., & Mellahi, K. (2011). Market orientation, corporate social responsibility, and business performance. Journal of Business Ethics, 99(3), 307–324. https://doi.org/10.1007/s10551-010-0658-z.
Cai, W., & Li, G. (2018). The drivers of eco-innovation and its impact on performance: Evidence from China. Journal of Cleaner Production, 176, 110–118. https://doi.org/10.1016/j.jclepro.2017.12.109.
Cainelli, G., D’Amato, A., & Mazzanti, M. (2020). Resource efficient eco-innovations for a circular economy: Evidence from EU firms. Research Policy, 49(1), https://doi.org/10.1016/j.respol.2019.103827.
Cameron, A. C., & Trivedi, P. K. (2009). Microeconometrics Using Stata.
Cao, S., Feng, F., Chen, W., & Zhou, C. (2020). Does market competition promote innovation efficiency in China’s high-tech industries? Technology Analysis and Strategic Management, 32(4), 429–442. https://doi.org/10.1080/09537325.2019.1667971.
Carrillo-Hermosilla, J. (2006). A policy approach to the environmental impacts of technological lock-in. Ecological Economics, 58(4), 717–742. https://doi.org/10.1016/j.ecolecon.2005.09.001.
Carroll, A. B. (1991). The pyramid of corporate social responsibility: Toward the moral management of organizational stakeholders. Business Horizons, 34(4), 39–48. https://doi.org/10.1016/0007-6813(91)90005-G.
Cegarra-Navarro, J. G., Papa, A., Garcia-Perez, A., & Fiano, F. (2019). An open-minded strategy towards eco-innovation: A key to sustainable growth in a global enterprise. Technological Forecasting and Social Change, 148, https://doi.org/10.1016/j.techfore.2019.119727.
Chen, M. J. (1996). Competitor analysis and interfirm rivalry: Toward a theoretical integration. Academy of Management Review, 21(1), 100–134. https://doi.org/10.5465/AMR.1996.9602161567.
Chen, M. J., Su, K. H., & Tsai, W. (2007). Competitive tension: The awareness-motivation-capability perspective. Academy of Management Journal, 50(1), 101–118. https://doi.org/10.5465/AMJ.2007.24162081.
Chen, X., Ma, J., Wei, J., & Yang, S. (2021). The role of perceived integration in WeChat usages for seeking information and sharing comments: A social capital perspective. Information and Management, 58(1), 1–9. https://doi.org/10.1016/j.im.2020.103280.
Chen, X., Tee, K., & Chang, V. (2022). Accelerating Innovation Efficiency through Agile Leadership: The CEO Network Effects in China. Technological Forecasting and Social Change, 179, https://doi.org/10.1016/j.techfore.2022.121602.
Cheng, C., & Yang, M. (2017). Enhancing performance of cross-border mergers and acquisitions in developed markets: The role of business ties and technological innovation capability. Journal of Business Research, 81, 107–117. https://doi.org/10.1016/j.jbusres.2017.08.019.
Chu, S. C., Chen, H. T., & Gan, C. (2020). Consumers’ engagement with corporate social responsibility (CSR) communication in social media: Evidence from China and the United States. Journal of Business Research, 110, 260–271. https://doi.org/10.1016/j.jbusres.2020.01.036.
Craighead, C. W., Ketchen, D. J., & Darby, J. L. (2020). Pandemics and Supply Chain Management Research: Toward a theoretical Toolbox*. Decision Sciences, 51(4), 838–866. https://doi.org/10.1111/deci.12468.
Crittenden, V. L., Crittenden, W. F., Ferrell, L. K., Ferrell, O. C., & Pinney, C. C. (2011). Market-oriented sustainability: A conceptual framework and propositions. Journal of the Academy of Marketing Science, 39(1), 71–85. https://doi.org/10.1007/s11747-010-0217-2.
Cruz-Cázares, C., Bayona-Sáez, C., & García-Marco, T. (2013). You can’t manage right what you can’t measure well: Technological innovation efficiency. Research Policy, 42(6–7), 1239–1250. https://doi.org/10.1016/j.respol.2013.03.012.
Cui, J., Dai, J., Wang, Z., & Zhao, X. (2022). Does environmental regulation induce green innovation? A panel study of chinese listed firms. Technological Forecasting and Social Change, 176, https://doi.org/10.1016/j.techfore.2022.121492.
de Jesus, A., Antunes, P., Santos, R., & Mendonça, S. (2019). Eco-innovation pathways to a circular economy: Envisioning priorities through a Delphi approach. Journal of Cleaner Production, 228, 1494–1513. https://doi.org/10.1016/j.jclepro.2019.04.049.
Demirel, P., & Danisman, G. O. (2019). Eco-innovation and firm growth in the circular economy: Evidence from european small- and medium-sized enterprises. Business Strategy and the Environment, 28(8), 1608–1618. https://doi.org/10.1002/bse.2336.
Demirel, P., & Kesidou, E. (2019). Sustainability-oriented capabilities for eco-innovation: Meeting the regulatory, technology, and market demands. Business Strategy and the Environment, 28(5), 847–857. https://doi.org/10.1002/bse.2286.
Devlin, J., Chang, M. W., Lee, K., & Toutanova, K. J. (2018). a. p. a. Bert: Pre-training of deep bidirectional transformers for language understanding. arXiv Preprint.
Ding, W., & Ding, J. (2022). New venture’s product innovativeness strategy, institutional environment and new product performance. Technological Forecasting and Social Change, 174, https://doi.org/10.1016/j.techfore.2021.121211.
Durán-Romero, G., López, A. M., Beliaeva, T., Ferasso, M., Garonne, C., & Jones, P. (2020). Bridging the gap between circular economy and climate change mitigation policies through eco-innovations and Quintuple Helix Model. Technological Forecasting and Social Change, 160, https://doi.org/10.1016/j.techfore.2020.120246.
Dutot, V., Lacalle Galvez, E., & Versailles, D. W. (2016). CSR communications strategies through social media and influence on e-reputation: An exploratory study. Management Decision, 54(2), 363–389. https://doi.org/10.1108/MD-01-2015-0015.
Eapen, A. (2012). Social structure and technology spillovers from foreign to domestic firms. Journal of International Business Studies, 43(3), 244–263. https://doi.org/10.1057/jibs.2012.2.
Fan, B., Fan, W., Smith, C., & Garner, H. (2020). Adverse drug event detection and extraction from open data: A deep learning approach. Information Processing and Management, 57(1), 1–14. https://doi.org/10.1016/j.ipm.2019.102131.
Ferreira, J., Coelho, A., & Moutinho, L. (2020). Dynamic capabilities, creativity and innovation capability and their impact on competitive advantage and firm performance: The moderating role of entrepreneurial orientation. Technovation, 92-93, https://doi.org/10.1016/j.technovation.2018.11.004.
Geng, D., Lai, K. H., & Zhu, Q. (2021). Eco-innovation and its role for performance improvement among chinese small and medium-sized manufacturing enterprises. International Journal of Production Economics, 231, https://doi.org/10.1016/j.ijpe.2020.107869.
Geng, R., Lam, H. K. S., & Stevenson, M. (2022). Addressing modern slavery in supply chains: An awareness-motivation-capability perspective. International Journal of Operations and Production Management, 42(3), 331–356. https://doi.org/10.1108/IJOPM-07-2021-0425.
Genovese, A., Acquaye, A. A., Figueroa, A., & Koh, S. C. L. (2017). Sustainable supply chain management and the transition towards a circular economy: Evidence and some applications. Omega (United Kingdom), 66, 344–357. https://doi.org/10.1016/j.omega.2015.05.015.
Gómez-Carrasco, P., Guillamón-Saorín, E., & García Osma, B. (2021). Stakeholders versus firm communication in Social Media: The case of Twitter and corporate social responsibility information. European Accounting Review, 30(1), 31–62. https://doi.org/10.1080/09638180.2019.1708428.
Govindan, K., & Hasanagic, M. (2018). A systematic review on drivers, barriers, and practices towards circular economy: A supply chain perspective. International Journal of Production Research, 56(1–2), 278–311. https://doi.org/10.1080/00207543.2017.1402141.
Han, J. K., Kim, N., & Srivastava, R. K. (1998). Market orientation and organizational performance: Is innovation a missing link? Journal of Marketing, 62(4), 30–45. https://doi.org/10.2307/1252285.
Harland, C. M., Knight, L., Patrucco, A. S., Lynch, J., Telgen, J., Peters, E., & Ferk, P. (2021). Practitioners’ learning about healthcare supply chain management in the COVID-19 pandemic: A public procurement perspective. International Journal of Operations and Production Management, 41(13), 178–189. https://doi.org/10.1108/IJOPM-05-2021-0348.
Haschka, R. E., & Herwartz, H. (2020). Innovation efficiency in european high-tech industries: Evidence from a bayesian stochastic frontier approach. Research Policy, 49(8), https://doi.org/10.1016/j.respol.2020.104054.
Hausman, J. A. (1978). Specification tests in econometrics. Econometrica, 46(6), 1251–1271.
Henao-Garcia, E. A., & Cardona Montoya, R. A. (2021). Management Innovation in an Emerging Economy: An Analysis of Its Moderating Effect on the Technological Innovation–Performance Relationship. IEEE Transactions on Engineering Management. doi:10.1109/TEM.2021.3052746.
Hofstra, N., & Huisingh, D. (2014). Eco-innovations characterized: A taxonomic classification of relationships between humans and nature. Journal of Cleaner Production, 66, 459–468. https://doi.org/10.1016/j.jclepro.2013.11.036.
Hojnik, J., & Ruzzier, M. (2016). The driving forces of process eco-innovation and its impact on performance: Insights from Slovenia. Journal of Cleaner Production, 133, 812–825. https://doi.org/10.1016/j.jclepro.2016.06.002.
Hojnik, J., Ruzzier, M., Konečnik Ruzzier, M., Sučić, B., & Soltwisch, B. (2023). Challenges of demographic changes and digitalization on eco-innovation and the circular economy: Qualitative insights from companies. Journal of Cleaner Production, 396, https://doi.org/10.1016/j.jclepro.2023.136439.
Horbach, J. (2008). Determinants of environmental innovation-new evidence from german panel data sources. Research Policy, 37(1), 163–173. https://doi.org/10.1016/j.respol.2007.08.006.
Horbach, J., Rammer, C., & Rennings, K. (2012). Determinants of eco-innovations by type of environmental impact - the role of regulatory push/pull, technology push and market pull. Ecological Economics, 78, 112–122. https://doi.org/10.1016/j.ecolecon.2012.04.005.
Huang, Q., Jiang, M. S., & Miao, J. (2016). Effect of government subsidization on chinese industrial firms’ technological innovation efficiency: A stochastic frontier analysis. Journal of Business Economics and Management, 17(2), 187–200. https://doi.org/10.3846/16111699.2015.1061590.
Huang, L., Wang, C., Chin, T., Huang, J., & Cheng, X. (2022). Technological knowledge coupling and green innovation in manufacturing firms: Moderating roles of mimetic pressure and environmental identity. International Journal of Production Economics, 248, https://doi.org/10.1016/j.ijpe.2022.108482.
Jabbour, L. S., Jabbour, A. B., Filho, C. J. C. G., M., & Roubaud, D. (2018). Industry 4.0 and the circular economy: A proposed research agenda and original roadmap for sustainable operations. Annals of Operations Research, 270(1–2), 273–286. https://doi.org/10.1007/s10479-018-2772-8.
Jakhar, S. K., Bhattacharya, A., Rathore, H., & Mangla, S. K. (2020). Stakeholder pressure for sustainability: Can ‘innovative capabilities’ explain the idiosyncratic response in the manufacturing firms? Business Strategy and the Environment, 29(6), 2635–2653. https://doi.org/10.1002/bse.2526.
Jansson, J., Nilsson, J., Modig, F., & Hed Vall, G. (2017). Commitment to sustainability in small and Medium-Sized Enterprises: The influence of Strategic Orientations and Management values. Business Strategy and the Environment, 26(1), 69–83. https://doi.org/10.1002/bse.1901.
Joo, H. Y., Seo, Y. W., & Min, H. (2018). Examining the effects of government intervention on the firm’s environmental and technological innovation capabilities and export performance. International Journal of Production Research, 56(18), 6090–6111. https://doi.org/10.1080/00207543.2018.1430902.
Kabadurmus, O., Kazançoğlu, Y., Yüksel, D., & Pala, M. (2022). A circular food supply chain network model to reduce food waste. Annals of Operations Research. https://doi.org/10.1007/s10479-022-04728-x.
Kalchbrenner, N., Grefenstette, E., & Blunsom, P. (2014). Jun 22–27). A Convolutional Neural Network for Modelling Sentences Paper presented at the 52nd Annual Meeting of the Association-for-Computational-Linguistics (ACL), Baltimore, MD.
Kazancoglu, I., Sagnak, M., Kumar Mangla, S., & Kazancoglu, Y. (2021). Circular economy and the policy: A framework for improving the corporate environmental management in supply chains. Business Strategy and the Environment, 30(1), 590–608. https://doi.org/10.1002/bse.2641.
Kesidou, E., & Demirel, P. (2012). On the drivers of eco-innovations: Empirical evidence from the UK. Research Policy, 41(5), 862–870. https://doi.org/10.1016/j.respol.2012.01.005.
Kesidou, E., & Wu, L. (2020). Stringency of environmental regulation and eco-innovation: Evidence from the eleventh five-year plan and green patents. Economics Letters, 190, https://doi.org/10.1016/j.econlet.2020.109090.
Kiefer, C. P., Carrillo-Hermosilla, J., Río, D., P., & Callealta Barroso, F. J. (2017). Diversity of eco-innovations: A quantitative approach. Journal of Cleaner Production, 166, 1494–1506. https://doi.org/10.1016/j.jclepro.2017.07.241.
Kiefer, C. P., Carrillo-Hermosilla, J., & Del Río, P. (2019a). Building a taxonomy of eco-innovation types in firms. A quantitative perspective. Resources Conservation and Recycling, 145, 339–348. 10.1016/j.resconrec.2019a.02.021.
Kiefer, C. P., González, P. D. R., & Carrillo-hermosilla, J. (2019b). Drivers and barriers of eco‐innovation types for sustainable transitions: A quantitative perspective. Business Strategy and the Environment, 28(1), 155–172. 10.1002/bse.2246.
Kiefer, C. P., del Río, P., & Carrillo-Hermosilla, J. (2021). On the contribution of eco-innovation features to a circular economy: A microlevel quantitative approach. Business Strategy and the Environment, 30(4), 1531–1547. https://doi.org/10.1002/bse.2688.
Kiessling, T., Isaksson, L., & Yasar, B. (2016). Market Orientation and CSR: Performance implications. Journal of Business Ethics, 137(2), 269–284. https://doi.org/10.1007/s10551-015-2555-y.
Kim, S. (2019). The process model of corporate social responsibility (CSR) communication: CSR Communication and its relationship with Consumers’ CSR Knowledge, Trust, and corporate reputation perception. Journal of Business Ethics, 154(4), 1143–1159. https://doi.org/10.1007/s10551-017-3433-6.
Kleindorfer, P. R., Singhal, K., & Van Wassenhove, L. N. (2005). Sustainable operations management. Production and Operations Management, 14(4), 482–492. https://doi.org/10.1111/j.1937-5956.2005.tb00235.x.
Korschun, D., & Du, S. (2013). How virtual corporate social responsibility dialogs generate value: A framework and propositions. Journal of Business Research, 66(9), 1494–1504. https://doi.org/10.1016/j.jbusres.2012.09.011.
Kraus, M., & Feuerriegel, S. (2017). Decision support from financial disclosures with deep neural networks and transfer learning. Decision Support Systems, 104, 38–48. https://doi.org/10.1016/j.dss.2017.10.001.
Kumar, A., Singh, J. P., Dwivedi, Y. K., & Rana, N. P. (2020). A deep multi-modal neural network for informative Twitter content classification during emergencies. Annals of Operations Research. https://doi.org/10.1007/s10479-020-03514-x.
Laksmana, I., & Yang, Y. W. (2015). Product market competition and corporate investment decisions. Review of Accounting and Finance, 14(2), 128–148. https://doi.org/10.1108/RAF-11-2013-0123.
Lam, H. K. S. (2018). Doing good across organizational boundaries: Sustainable supply chain practices and firms’ financial risk. International Journal of Operations and Production Management, 38(12), 2389–2412. https://doi.org/10.1108/IJOPM-02-2018-0056.
Lamberton, C., & Stephen, A. T. (2016). A thematic exploration of digital, social media, and mobile marketing: Research evolution from 2000 to 2015 and an agenda for future inquiry. Journal of Marketing, 80(6), 146–172. https://doi.org/10.1509/jm.15.0415.
Leal-Rodríguez, A. L., Ariza-Montes, A. J., Morales-Fernández, E., & Albort-Morant, G. (2018). Green innovation, indeed a cornerstone in linking market requests and business performance. Evidence from the spanish automotive components industry. Technological Forecasting and Social Change, 129, 185–193. https://doi.org/10.1016/j.techfore.2017.07.021.
Lemma, T. T., Negash, M., Mlilo, M., & Lulseged, A. (2018). Institutional ownership, product market competition, and earnings management: Some evidence from international data. Journal of Business Research, 90, 151–163. https://doi.org/10.1016/j.jbusres.2018.04.035.
Leonardi, P. M. (2014). Social media, knowledge sharing, and innovation: Toward a theory of communication visibility. Information Systems Research, 25(4), 796–816. https://doi.org/10.1287/isre.2014.0536.
Levinthal, D. A., & March, J. G. (1993). The myopia of learning. Strategic Management Journal, 14(2 S), 95–112. https://doi.org/10.1002/smj.4250141009.
Li, F., Larimo, J., & Leonidou, L. C. (2021). Social media marketing strategy: Definition, conceptualization, taxonomy, validation, and future agenda. Journal of the Academy of Marketing Science, 49(1), 51–70. https://doi.org/10.1007/s11747-020-00733-3.
Liao, Y. C., & Tsai, K. H. (2019). Innovation intensity, creativity enhancement, and eco-innovation strategy: The roles of customer demand and environmental regulation. Business Strategy and the Environment, 28(2), 316–326. https://doi.org/10.1002/bse.2232.
Liu, X., Lee, D., & Srinivasan, K. (2019). Large-scale cross-category analysis of Consumer Review content on sales Conversion leveraging deep learning. Journal of Marketing Research, 56(6), 918–943. https://doi.org/10.1177/0022243719866690.
Liu, X., Shin, H., & Burns, A. C. (2021). Examining the impact of luxury brand’s social media marketing on customer engagement: Using big data analytics and natural language processing. Journal of Business Research, 125, 815–826. https://doi.org/10.1016/j.jbusres.2019.04.042.
Liu, Z., Han, S., Li, C., Gupta, S., & Sivarajah, U. (2022). Leveraging customer engagement to improve the operational efficiency of social commerce start-ups. Journal of Business Research, 140, 572–582. https://doi.org/10.1016/j.jbusres.2021.11.024.
Luo, X., & Du, S. (2015). Exploring the relationship between corporate social responsibility and firm innovation. Marketing Letters, 26(4), 703–714. https://doi.org/10.1007/s11002-014-9302-5.
Mangla, S. K., Luthra, S., Mishra, N., Singh, A., Rana, N. P., Dora, M., & Dwivedi, Y. (2018). Barriers to effective circular supply chain management in a developing country context. Production Planning and Control, 29(6), 551–569. https://doi.org/10.1080/09537287.2018.1449265.
Mead, T., Jeanrenaud, S., & Bessant, J. (2020). Factors influencing the application of nature as inspiration for sustainability-oriented innovation in multinational corporations. Business Strategy and the Environment, 29(8), 3162–3173. https://doi.org/10.1002/bse.2564.
Moreno-Mondéjar, L., Triguero, Á., & Sáez-Martínez, F. J. (2020). Successful eco-innovators: Exploring the association between open inbound knowledge strategies and the performance of eco-innovative firms. Business Strategy and the Environment, 29(3), 939–953. https://doi.org/10.1002/bse.2408.
Muninger, M. I., Hammedi, W., & Mahr, D. (2019). The value of social media for innovation: A capability perspective. Journal of Business Research, 95, 116–127. https://doi.org/10.1016/j.jbusres.2018.10.012.
Nguyen, B., Yu, X., Melewar, T. C., & Chen, J. (2015). Brand innovation and social media: Knowledge acquisition from social media, market orientation, and the moderating role of social media strategic capability. Industrial Marketing Management, 51, 11–25. https://doi.org/10.1016/j.indmarman.2015.04.017.
Nyawa, S., Tchuente, D., & Fosso-Wamba, S. (2023). COVID-19 vaccine hesitancy: A social media analysis using deep learning. Annals of Operations Research. doi:https://doi.org/10.1007/s10479-022-04792-3.
Okazaki, S., Plangger, K., West, D., & Menéndez, H. D. (2020). Exploring digital corporate social responsibility communications on Twitter. Journal of Business Research, 117, 675–682. https://doi.org/10.1016/j.jbusres.2019.09.006.
Pan, X., Chen, X., Sinha, P., & Dong, N. (2020). Are firms with state ownership greener? An institutional complexity view. Business Strategy and the Environment, 29(1), 197–211. https://doi.org/10.1002/bse.2358.
Pansera, M., Genovese, A., & Ripa, M. (2021). Politicising Circular Economy: What can we learn from responsible Innovation? Journal of Responsible Innovation, 8(3), 471–477. https://doi.org/10.1080/23299460.2021.1923315.
Peng, M. W., Wang, D. Y. L., & Jiang, Y. (2008). An institution-based view of international business strategy: A focus on emerging economies. Journal of International Business Studies, 39(5), 920–936. https://doi.org/10.1057/palgrave.jibs.8400377.
Porter, M. E., & Van der Linde, C. (1995). Toward a new conception of the environment-competitiveness relationship. Journal of Economic Perspectives, 9(4), 97–118.
Prieto-Sandoval, V., Jaca, C., & Ormazabal, M. (2018). Towards a consensus on the circular economy. Journal of Cleaner Production, 179, 605–615. https://doi.org/10.1016/j.jclepro.2017.12.224.
Rena, Yadav, S., Patel, S., Killedar, D. J., Kumar, S., & Kumar, R. (2022). Eco-innovations and sustainability in solid waste management: An indian upfront in technological, organizational, start-ups and financial framework. Journal of Environmental Management, 302, https://doi.org/10.1016/j.jenvman.2021.113953.
Roberts, D. L., Piller, F. T., & Lüttgens, D. (2016). Mapping the impact of Social Media for Innovation: The role of Social Media in explaining Innovation performance in the PDMA comparative performance Assessment Study. Journal of Product Innovation Management, 33, 117–135. https://doi.org/10.1111/jpim.12341.
Sartor, M. A., & Beamish, P. W. (2014). Offshoring innovation to emerging markets: Organizational control and informal institutional distance. Journal of International Business Studies, 45(9), 1072–1095. https://doi.org/10.1057/jibs.2014.36.
Saxton, G. D., Gomez, L., Ngoh, Z., Lin, Y. P., & Dietrich, S. (2019). Do CSR messages resonate? Examining public reactions to firms’ CSR efforts on Social Media. Journal of Business Ethics, 155(2), 359–377. https://doi.org/10.1007/s10551-017-3464-z.
Saxton, G. D., Ren, C., & Guo, C. (2021). Responding to Diffused Stakeholders on Social Media: Connective power and firm reactions to CSR-Related Twitter messages. Journal of Business Ethics, 172(2), 229–252. https://doi.org/10.1007/s10551-020-04472-x.
Scarpellini, S., Valero-Gil, J., Moneva, J. M., & Andreaus, M. (2020). Environmental management capabilities for a “circular eco-innovation. Business Strategy and the Environment, 29(5), 1850–1864. https://doi.org/10.1002/bse.2472.
Schivinski, B., Christodoulides, G., & Dabrowski, D. (2016). Measuring consumers’ engagement with brand-related social-media content: Development and validation of a scale that identifies levels of social-media engagement with brands. Journal of Advertising Research, 56(1), 64–80. https://doi.org/10.2501/JAR-2016-004.
Sehnem, S., de Queiroz, A. A. F. S. L., Pereira, S. C. F., dos Santos Correia, G., & Kuzma, E. (2022). Circular economy and innovation: A look from the perspective of organizational capabilities. Business Strategy and the Environment, 31(1), 236–250. https://doi.org/10.1002/bse.2884.
Shang, Y., Song, M., & Zhao, X. (2022). The development of China’s Circular Economy: From the perspective of environmental regulation. Waste Management, 149, 186–198. https://doi.org/10.1016/j.wasman.2022.05.027.
Shu, C., Zhao, M., Liu, J., & Lindsay, W. (2020). Why firms go green and how green impacts financial and innovation performance differently: An awareness-motivation-capability perspective. Asia Pacific Journal of Management, 37(3), 795–821. https://doi.org/10.1007/s10490-018-9630-8.
Song, M., Wang, S., & Sun, J. (2018). Environmental regulations, staff quality, green technology, R&D efficiency, and profit in manufacturing. Technological Forecasting and Social Change, 133, 1–14. https://doi.org/10.1016/j.techfore.2018.04.020.
Song, M., Wang, S., & Zhang, H. (2020). Could environmental regulation and R&D tax incentives affect green product innovation? Journal of Cleaner Production, 258, https://doi.org/10.1016/j.jclepro.2020.120849.
Song, M., Peng, L., Shang, Y., & Zhao, X. (2022). Green technology progress and total factor productivity of resource-based enterprises: A perspective of technical compensation of environmental regulation. Technological Forecasting and Social Change, 174, https://doi.org/10.1016/j.techfore.2021.121276.
Spence, M., Ben Boubaker Gherib, J., & Biwolé, V. O. (2011). Sustainable entrepreneurship: Is entrepreneurial will Enough? A north-south comparison. Journal of Business Ethics, 99(3), 335–367. https://doi.org/10.1007/s10551-010-0656-1.
Su, Z., Peng, M. W., & Xie, E. (2016). A Strategy Tripod Perspective on Knowledge Creation Capability. British Journal of Management, 27(1), 58–76. https://doi.org/10.1111/1467-8551.12097.
Tata, J., & Prasad, S. (2015). CSR Communication: An Impression Management Perspective. Journal of Business Ethics, 132(4), 765–778. https://doi.org/10.1007/s10551-014-2328-z.
Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509–533. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z.
Tidd, J., & Bessant, J. (2018). Innovation management challenges: From fads to fundamentals. International Journal of Innovation Management, 22(5), https://doi.org/10.1142/S1363919618400078.
Triguero, A., Moreno-Mondéjar, L., & Davia, M. A. (2013). Drivers of different types of eco-innovation in european SMEs. Ecological Economics, 92, 25–33. https://doi.org/10.1016/j.ecolecon.2013.04.009.
Triguero, Á., Cuerva, M. C., & Sáez-Martínez, F. J. (2022). Closing the loop through eco-innovation by european firms: Circular economy for sustainable development. Business Strategy and the Environment, 31(5), 2337–2350. https://doi.org/10.1002/bse.3024.
Udenio, M., Hoberg, K., & Fransoo, J. C. (2018). Inventory agility upon demand shocks: Empirical evidence from the financial crisis. Journal of Operations Management, 62, 16–43. https://doi.org/10.1016/j.jom.2018.08.001.
Ul-Durar, S., Awan, U., Varma, A., Memon, S., & Mention, A. L. (2023). Integrating knowledge management and orientation dynamics for organization transition from eco-innovation to circular economy. Journal of Knowledge Management. https://doi.org/10.1108/JKM-05-2022-0424.
Verk, N., Golob, U., & Podnar, K. (2021). A dynamic review of the emergence of corporate social responsibility communication. Journal of Business Ethics, 168(3), 491–515. https://doi.org/10.1007/s10551-019-04232-6.
Vogler, D., & Eisenegger, M. (2021). CSR Communication, corporate reputation, and the role of the News Media as an agenda-setter in the Digital Age. Business and Society, 60(8), 1957–1986. https://doi.org/10.1177/0007650320928969.
Walker, H., Seuring, S., Sarkis, J., & Klassen, R. (2014). Sustainable operations management: Recent trends and future directions. International Journal of Operations & Production Management, 34(5), https://doi.org/10.1108/IJOPM-12-2013-0557.
Wang, C. L., & Ahmed, P. K. (2007). Dynamic capabilities: A review and research agenda. International Journal of Management Reviews, 9(1), 31–51. https://doi.org/10.1111/j.1468-2370.2007.00201.x.
Wang, H., Masi, D., Dhamotharan, L., Day, S., Kumar, A., Li, T., & Singh, G. (2022). Unconventional path dependence: How adopting product take-back and recycling systems contributes to future eco-innovations. Journal of Business Research, 142, 707–717. https://doi.org/10.1016/j.jbusres.2021.12.057.
Xia, H. S., Liu, J., & Zhang, Z. J. (2023). Identifying Fintech risk through machine learning: Analyzing the Q&A text of an online loan investment platform. Annals of Operations Research, 21. doi:https://doi.org/10.1007/s10479-020-03842-y.
Yang, J., & Basile, K. (2022). Communicating corporate social responsibility: External stakeholder involvement, Productivity and Firm Performance. Journal of Business Ethics, 178(2), 501–517. https://doi.org/10.1007/s10551-021-04812-5.
Yang, Z., Zheng, Y., Zhang, Y., Jiang, Y., Chao, H. T., & Doong, S. C. (2019). Bipolar influence of firm-generated content on customers’ offline purchasing behavior: A field experiment in China. Electronic Commerce Research and Applications, 35, https://doi.org/10.1016/j.elerap.2019.100844.
Yang, T., Li, F., Ji, D., Liang, X., Xie, T., Tian, S., & Li, B. (2021). Fine-grained depression analysis based on chinese micro-blog reviews. Information Processing and Management, 58(6), 1–18. https://doi.org/10.1016/j.ipm.2021.102681.
You, D., Zhang, Y., & Yuan, B. (2019). Environmental regulation and firm eco-innovation: Evidence of moderating effects of fiscal decentralization and political competition from listed chinese industrial companies. Journal of Cleaner Production, 207, 1072–1083. https://doi.org/10.1016/j.jclepro.2018.10.106.
Yu, T., & Cannella, A. A. Jr. (2007). Rivalry between multinational enterprises: An event history approach. Academy of Management Journal, 50(3), 665–686. https://doi.org/10.5465/amj.2007.25527425.
Zhang, L., Ren, S., Chen, X., Li, D., & Yin, D. (2020). CEO Hubris and Firm Pollution: State and market contingencies in a Transitional Economy. Journal of Business Ethics, 161(2), 459–478. https://doi.org/10.1007/s10551-018-3987-y.
Zhang, M., Fan, B., Zhang, N., Wang, W., & Fan, W. (2021). Mining product innovation ideas from online reviews. Information Processing and Management, 58(1), 1–12. https://doi.org/10.1016/j.ipm.2020.102389.
Zhou, X., Song, M., & Cui, L. (2020a). Driving force for China’s economic development under industry 4.0 and circular economy: Technological innovation or structural change? Journal of Cleaner Production, 271, 10.1016/j.jclepro.2020a.122680.
Zhou, Y., Yu, Y., Chen, X., & Zhou, X. (2020b). Guanxi or Justice? An empirical study of WeChat Voting. Journal of Business Ethics, 164(1), 201–225. 10.1007/s10551-018-4053-5.
Author information
Authors and Affiliations
Corresponding author
Additional information
Publisher’s Note
Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.
Rights and permissions
Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.
About this article
Cite this article
Liu, Z., Han, S., Yao, M. et al. Exploring drivers of eco-innovation in manufacturing firms’ circular economy transition: an awareness, motivation, capability perspective. Ann Oper Res (2023). https://doi.org/10.1007/s10479-023-05473-5
Accepted:
Published:
DOI: https://doi.org/10.1007/s10479-023-05473-5