Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/196434
Authors: 
Ceptureanu, Sebastian-Ion
Ceptureanu, Eduard-Gabriel
Murswieck, Raphael Gert Denis
Year of Publication: 
2018
Citation: 
[Journal:] Amfiteatru Economic Journal [ISSN:] 2247-9104 [Volume:] 20 [Year:] 2018 [Issue:] 48 [Pages:] 310-324
Abstract: 
Testing circular economy business models is crucial in understanding Circular Economy features across various industries. This paper analyses Circular Economy perceptions in Romanian SMEs by investigating entrepreneurs from PVC joinery industry. Using a multidimensional framework, ReSOLVE, as a conceptual model, and Lewandowski systematization, we measured 6 business actions and their relations with Value creation. The results of our survey can be described as mixed. Of the 6 business actions of ReSOLVE framework, for half of them (Regenerate, Optimize and Exchange) we can definitely conclude that these are correlated with Circular Economy in terms of Value Creation, while for a fourth there are variables significantly correlated without being able to conclude its overall contribution in terms of Value creation. Our empirical investigation contributes to literature development on Circular Economy research in SMEs and a step forward to shape future research initiatives.
Subjects: 
circular economy
ReSOLVE framework
value creation
spearman coefficient
JEL: 
Q53
Q57
C38
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/4.0/
Document Type: 
Article
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