Does finance as usual work for circular economy transition? A financiers and SMEs qualitative approach

Cuesta-González, Marta de la y Morales-García, Manuel . (2022) Does finance as usual work for circular economy transition? A financiers and SMEs qualitative approach. Journal of Environmental Planning and Management, 65:13, 2468-2489

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Título Does finance as usual work for circular economy transition? A financiers and SMEs qualitative approach
Autor(es) Cuesta-González, Marta de la
Morales-García, Manuel
Materia(s) Economía
Abstract Transitioning to a circular economy (CE) particularly challenges small- and medium-sized enterprises (SMEs), and a deeper understanding of CE financial barriers is needed. We draw on SME and financiers’ views to qualitatively study the risks associated with CE, how such risks limit access to financial resources and how financial institutions perceive those risks. We find that transitioning to a circular economy entails regulatory, cultural and market risks and that CE business success does not depend solely on SME resources or capabilities. Contributions include combining business model perspectives with transition theories and showing that new circular business models entail major reforms to political, regulatory, and market structures, including financial markets. From a practical perspective, to accelerate CE transition, we recommend reducing fragmentation, uncertainty and incoherence in regulation of the remodeling of information and risk assessment systems and new co-financing mechanisms and alternative instruments such as blended finance or “circular finance.”
Palabras clave Circular economy
small and medium enterprises
eco-innovation
sustainability
financial resources management
circular business model
Editor(es) Taylor & Francis Group
Fecha 2022
Formato application/pdf
Identificador bibliuned:DptoEA-FECO-Articulos-Mcuesta-0003
http://e-spacio.uned.es/fez/view/bibliuned:DptoEA-FECO-Articulos-Mcuesta-0003
DOI - identifier https://doi.org/10.1080/09640568.2021.1972798
ISSN - identifier 0964-0568, eISSN 1360-0559
Nombre de la revista Journal of Environmental Planning and Management
Número de Volumen 65
Número de Issue 13
Publicado en la Revista Journal of Environmental Planning and Management, 65:13, 2468-2489
Idioma eng
Versión de la publicación acceptedVersion
Tipo de recurso Article
Derechos de acceso y licencia http://creativecommons.org/licenses/by-nc-nd/4.0
info:eu-repo/semantics/openAccess
Tipo de acceso Acceso abierto
Notas adicionales The registered version of this article, first published in Journal of Environmental Planning and Management is available online at the publisher's website: Taylor & Francis Group, https://doi.org/10.1080/09640568.2021.1972798
Notas adicionales La versión registrada de este artículo, publicado por primera vez en IJournal of Environmental Planning and Management, está disponible en línea en el sitio web del editor: Taylor & Francis Group, https://doi.org/10.1080/09640568.2021.1972798

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Creado: Thu, 08 Feb 2024, 22:22:16 CET