Circular economy startups and digital entrepreneurial ecosystems

Circular economy (CE) is the way forward to protect an endangered environment, promote social justice, and advance sustainable and balanced regional economic development. The proliferation of the CE concept and the circular startup (CSU) boom coincides with digital transformation, a socioeconomic ch...

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Bibliographic Details
Published inBusiness strategy and the environment Vol. 33; no. 5; pp. 4843 - 4860
Main Authors Roshan, Ravi, Balodi, Krishna Chandra, Datta, Sagnika, Kumar, Anil, Upadhyay, Arvind
Format Journal Article
LanguageEnglish
Published Chichester Wiley Periodicals Inc 01.07.2024
Subjects
Adoption of innovations
Circular economy
circular startup
Comparative analysis
Complementarity
configurational analysis
digital entrepreneurial ecosystem
Digital technology
Economic development
Ecosystems
Endangered
Entrepreneurship
fsQCA
Fuzzy sets
Permutations
Qualitative analysis
Regional development
Regional economic development
Social justice
Socioeconomic change
Startups
Systems theory
Transformation
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Summary:Circular economy (CE) is the way forward to protect an endangered environment, promote social justice, and advance sustainable and balanced regional economic development. The proliferation of the CE concept and the circular startup (CSU) boom coincides with digital transformation, a socioeconomic change propelled by the widespread adoption of digital technologies. This paper uses a systems theory perspective to study the digital entrepreneurial ecosystem's (DEE) role in CSU formation. Fuzzy‐set qualitative comparative analysis (fsQCA) is used to empirically explore the configurational recipes for the presence and absence of a high CSU formation rate. The results reveal that for a high CSU formation, DEE elements, such as digital protection and access, act as critical drivers, while other DEE elements take on a supportive role. The findings also show the complementarity effects, substitution effects, and neutral permutations of DEE elements among the configurations.
ISSN:0964-4733
1099-0836
DOI:10.1002/bse.3727