Technological Revolution and Circular Economy Practices: A Mechanism of Green Economy

Sustainability

卷:14

Alam Asadov¹  Muhammad Umar²  Muhammad Tanveer³  Zhang Yu⁴  Syed Abdul Rehman Khan⁵ 

[1] College of Business Administration, Prince Sultan University, Rafha Street, Riyadh 11586, Saudi Arabia;

[2] Faculty of Business, Economics and Social Development, Universiti Malaysia Terengganu, Kuala Terengganu 21030, Malaysia;

[3] Prince Sultan University, Rafha Street, Riyadh 11586, Saudi Arabia;

[4] School of Economics and Management, Chang’an University, Xi’an 710064, China;

[5] School of Management and Engineering, Xuzhou University of Technology, Xuzhou 221006, China;

关键词: circular economy;    Industry 4.0;    green economy;    CB-SEM;    automotive industry;   

DOI  :  10.3390/su14084524

来源: DOAJ

【 摘 要 】

Rising environmental concerns, Industry 4.0 technologies, and circular economy (CE) practices are the prevailing business considerations of the current time, and they are transforming business models. Keeping in view the importance of these considerations, this work looks into the role of Industry 4.0 technologies in adoption of CE practices and the impact of CE practices on firms’ performance. The current study collected data from 213 automotive firms located in Eastern European countries including Poland, Romania, and Ukraine. Using Covariance-Based Structural Equation Modelling (CB-SEM), the current study provides some important findings. Firstly, Industry 4.0 technologies significantly enhance circular economy practices. Secondly, circular economy practices are found to be positively related with environmental and operational performance. Lastly, higher economic and operational performance boost organizational performance. Hence, the current study provides deeper understanding regarding performance implications of Industry 4.0 technologies and offers insights about ways of promoting sustainable performance in the current age of digitization.

【 授权许可】

Unknown