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- W2964904766 abstract "As the circular economy (CE) concept gains growing popularity among consumers and producers, small and medium-sized enterprises (SME) increasingly look for ways to reorganize their production and operations to integrate into the CE. This study examines the impact of (1) pro-CE eco-innovations and (2) external funding available for CE activities on the growth of European SMEs. Findings reveal that a significant threshold investment (i.e. higher than 10% of revenues) into pro-CE eco-innovations is required before SMEs can benefit from investing into CE. Moreover, the majority of pro-CE eco-innovations fail to boost the growth rates of SMEs, with the exception of investments into eco-design innovations. While traditional forms of debt and grant finance targeted to CE activities are found to have no or negative impact on the growth of SMEs, equity finance (i.e. angel and venture capital investments) is found to contribute positively to their growth. The study offers insights into the lower levels of SME engagement in the CE as well as policy implications for improving engagement." @default.
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- W2964904766 date "2019-08-01" @default.
- W2964904766 modified "2023-09-27" @default.
- W2964904766 title "Growth and Finance in the Circular Economy: Evidence from European SMEs" @default.
- W2964904766 doi "https://doi.org/10.5465/ambpp.2019.10747abstract" @default.
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