Politická ekonomie 2026, 74(4) Special issue:633-664 | DOI: 10.18267/j.polek.1513

Influence of Green Enterprises on Circular Economy Practices in Developing Countries: A Framework for AI-driven Environmental Policies

Muhammad Usman ORCID..., Shahbaz Imran, Ahsan Akbar ORCID...
Muhammad Usman, UE Business School, Division of Management and Administrative Sciences, University of Education, Lahore, Pakistan
Shahbaz Imran, Department of Economics, Division of Management and Administrative Sciences, University of Education, Lahore, Pakistan
Ahsan Akbar (corresponding author), International Business School, Guangzhou City University of Technology, Guangzhou, China

This study aims to examine the role of green enterprises and their corporate activities in circular economy practices, particularly in the context of developing economies. The modern world is facing enormous environmental concerns, e.g., climate change and pollution, and corporate activities that degrade the environment are primarily responsible for these concerns. Therefore, green entrepreneurship has the potential to reverse the trend and create an eco-friendly environment through circular economy activities. To further strengthen this perspective, the present study proposes a framework for AI-driven environmental policies that can support and enhance these eco-friendly efforts. To achieve the aforementioned objectives, this study uses firm-level data collected from the most recent (2023) World Bank Enterprise Surveys. Moreover, based on the nature of the dataset, diverse econometric models are constructed and multiple proxies for both green enterprises and circular economy practices are used. The empirical results suggest that all the indicators of green enterprises show positive coefficient values together with statistically significant p-values. These findings are aligned with prior studies and confirm that green enterprises play a vital role in enhancing circular economy practices, which are integral components of the proposed framework for AI-driven environmental policies. The policy implications of this study highlight the importance of green enterprises and the role of circular economy practices within a framework for AI-driven environmental policies for making effective environmental policies and achieving sustainable development goals for a better future.

Keywords: Green enterprises, circular economy practices, AI-driven environmental policies, sustainable development goals, developing countries
JEL classification: O13, O44, Q53, Q56, Q58

Received: November 11, 2024; Revised: March 19, 2025; Accepted: May 19, 2025; Prepublished online: March 4, 2026; Published: September 1, 2026  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Usman, M., Imran, S., & Akbar, A. (2026). Influence of Green Enterprises on Circular Economy Practices in Developing Countries: A Framework for AI-driven Environmental Policies. Politická ekonomie74(Special Issue), 633-664. doi: 10.18267/j.polek.1513
Download citation

References

  1. Abid, N., Ceci, F., Aftab, J. (2023). Attaining sustainable business performance under resource constraints: Insights from an emerging economy. Sustainable Development, 32(3), 2031-2048. https://doi.org/10.1002/sd.2763 Go to original source...
  2. Abrahms, B., Carter, N. H., Clark-Wolf, T., et al. (2023). Climate change as a global amplifier of human-wildlife conflict. Nature Climate Change, 13(3), 224-234. https://doi.org/10.1038/s41558-023-01608-5 Go to original source...
  3. Aftab, J., Abid, N., Sarwar, H., et al. (2023). Does corporate social responsibility drive financial performance? Exploring the significance of green innovation, green dynamic capabilities, and perceived environmental volatility. Corporate Social Responsibility and Environmental Management, 31(3), 1634-1653. https://doi.org/10.1002/csr.2654 Go to original source...
  4. Aftab, J., Veneziani, M., Sarwar, H., et al. (2024). Do green practices drive business excellence in SMEs? Investigating how green entrepreneurial orientation improves firm's performance. Total Quality Management & Business Excellence, 35(5-6), 529-558. https://doi.org/10.1080/14783363.2024.2315442 Go to original source...
  5. Ali, Q., Salman, A., Parveen, S. (2022). Evaluating the effects of environmental management practices on environmental and financial performance of firms in Malaysia: the mediating role of ESG disclosure. Heliyon, 8(12), e12486. https://doi.org/10.1016/j.heliyon.2022.e12486 Go to original source...
  6. Ameer, F., Khan, N. R. (2023). Green entrepreneurial orientation and corporate environmental performance: A systematic literature review. European Management Journal, 41(5), 755-778. https://doi.org/10.1016/j.emj.2022.04.003 Go to original source...
  7. Arfaoui, N., Naeem, M. A., Maherzi, T., et al. (2024). Can green investment funds hedge climate risk? Finance Research Letters, 60, 104961. https://doi.org/10.1016/j.frl.2023.104961 Go to original source...
  8. Arisanty, D., Jędrasiak, K., Rajiani, I., et al. (2020). The Destructive Impact of Burned Peatlands to Physical and Chemical Properties of Soil. Acta Montanistica Slovaca, 25(2), 213-223. https://doi.org/10.46544/AMS.v25i2.8 Go to original source...
  9. Bag, S., Srivastava, G., Gupta, S., et al. (2023). Change adaptation capability, business-to-business marketing capability and firm performance: Integrating institutional theory and dynamic capability view. Industrial Marketing Management, 115, 470-483. https://doi.org/10.1016/j.indmarman.2023.11.003 Go to original source...
  10. Bai, H., Li, N. (2023). Exploring Green Economic Efficiency Trends in Dominant Chinese Urban Agglomerations: A Super-Efficient SBM Model Approach. Journal of the Knowledge Economy, 15, 10325-10348. https://doi.org/10.1007/s13132-023-01494-4 Go to original source...
  11. Balasubramanian, S. (2024). AI-driven geospatial decision support systems for sustainable development and natural resource management. International Journal of Artificial Intelligence in Geosciences, 2(1), 1-11.
  12. Bartkutė, R., Streimikiene, D., Kačerauskas, T. (2023). Between fast and sustainable fashion: the attitude of young Lithuanian designers to the circular economy. Sustainability, 15(13), 9986. https://doi.org/10.3390/su15139986 Go to original source...
  13. Bibri, S. E., Huang, J., Jagatheesaperumal, S. K., et al. (2024). The synergistic interplay of artificial intelligence and digital twin in environmentally planning sustainable smart cities: A comprehensive systematic review. Environmental Science and Ecotechnology, 20, 100433. https://doi.org/10.1016/j.ese.2024.100433 Go to original source...
  14. Bilgili, M. S., Akkaya, E., Engin, G., et al. (2023). On the Way to Circular Economy: Türkiye's Waste Management and Zero Waste Project. In: Ghosh, Sad. K., Ghosh, San. K. Circular Economy Adoption: Catalysing Decarbonisation Through Policy Instruments, pp. 161-195. Singapore: Springer. ISBN 978-981-99-4803-1. Go to original source...
  15. Brenner, B., Drdla, D. (2023). Business Model Innovation toward Sustainability and Circularity - A Systematic Review of Innovation Types. Sustainability, 15(15), 11625. https://doi.org/10.3390/su151511625 Go to original source...
  16. Cal, M., Gulsun, B., Yilmaz, F. (2024). Evaluating Financial Support of Governmental Institutions and Private Banks to SMEs and Farmers: Case of Tokat City. Journal of Comprehensive Business Administration Research, 1(1), 46-54. https://doi.org/10.47852/bonviewJCBAR42021961 Go to original source...
  17. Carissimi, M. C., Creazza, A., Pisa, M. F., et al. (2023). Circular economy practices enabling circular supply chains: an empirical analysis of 100 SMEs in Italy. Resources, conservation and recycling, 198, 107126. https://doi.org/10.1016/j.resconrec.2023.107126 Go to original source...
  18. Castillo-Benancio, S., Alvarez-Risco, A., Almanza-Cruz, C., et al. (2023). Green Entrepreneurship - Added Value as a Strategic Orientation Business Model. In: Alvarez-Risco, A., Muthu, S. S., Del-Aguila-Arcentales, S. Footprint and Entrepreneurship: Global Green Initiatives, pp. 17-45. Singapore: Springer. ISBN 978-981-19-8895-0. Go to original source...
  19. Chen, J., Su, F., Jain, V., et al. (2022). Does renewable energy matter to achieve sustainable development goals? The impact of renewable energy strategies on sustainable economic growth. Frontiers in Energy Research, 10, 829252. https://doi.org/10.3389/fenrg.2022.829252 Go to original source...
  20. Chen, R., Chen, Y., Lyulyov, O., et al. (2023). Interplay of urbanization and ecological environment: Coordinated development and drivers. Land, 12(7), 1459. https://doi.org/10.3390/land12071459 Go to original source...
  21. De Giovanni, P., Folgiero, P. (2023). Strategies for the circular economy: circular districts and networks. London: Routledge. 978-1003378846. Go to original source...
  22. Deb, B. C., Rahman, M. M., Rahman, M. S. (2022). The impact of environmental management accounting on environmental and financial performance: empirical evidence from Bangladesh. Journal of Accounting & Organizational Change, 19(3), 420-446. https://doi.org/10.1108/JAOC-11-2021-0157 Go to original source...
  23. Di Paola, N., Cosimato, S., Vona, R. (2023). Be resilient today to be sustainable tomorrow: Different perspectives in global supply chains. Journal of Cleaner Production, 386, 135674. https://doi.org/10.1016/j.jclepro.2022.135674 Go to original source...
  24. Dsouza, S., K, K., Kayani, U., Nawaz, F., et al. (2025). Sustainable investing: ESG effectiveness and market value in OECD regions. Cogent Economics & Finance, 13(1), 2445147. https://doi.org/10.1080/23322039.2024.2445147 Go to original source...
  25. Dvorský, J., Bednarz, J., Blajer-Gołębiewska, A. (2023). The impact of corporate reputation and social media engagement on the sustainability of SMEs: Perceptions of top managers and the owners. Equilibrium. Quarterly Journal of Economics and Economic Policy, 18(3), 779-811. https://doi.org/10.24136/eq.2023.025 Go to original source...
  26. Freeman, R. E., Harrison, J. S., Wicks, A. C., et al. (2023). The problems that stakeholder theory tries to solve. In: Dmytriyev, S. D., Freeman, R. E. R. Edward Freeman's Selected Works on Stakeholder Theory and Business Ethics, pp. 3-27. Cham: Springer. ISBN 978-3-031-04564-6. Go to original source...
  27. Fu, B., Salman, A., Álvarez-Otero, S., et al. (2024). The Dynamic Connectedness Between Environmental Attention and Green Cryptocurrency: Evidence From the COVID-19 Pandemic. Journal of Organizational and End User Computing (JOEUC), 36(1), 1-18. https://doi.org/10.4018/JOEUC.338215 Go to original source...
  28. Gold, E. R. (2021). The fall of the innovation empire and its possible rise through open science. Research Policy, 50(5), 104226. https://doi.org/10.1016/j.respol.2021.104226 Go to original source...
  29. Guerreschi, A., Piras, L., Heck, F. (2023). Barriers to Efficient Knowledge Transfer for a Holistic Circular Economy: Insights towards Green Job Developments and Training for Young Professionals. Youth, 3(2), 553-578. https://doi.org/10.3390/youth3020038 Go to original source...
  30. Guo, J., Kou, J. (2025). Acquirer ESG, Home Country Policy Enforcement, Country Distance, and Cross-Border Mergers and Acquisitions: Evidence from Chinese Firms. Journal of Comprehensive Business Administration Research, 2(1), 1-19. https://doi.org/10.47852/bonviewJCBAR42023877 Go to original source...
  31. Guo, Y., Gou, X., Xu, Z., et al. (2022). Carbon pricing mechanism for the energy industry: a bibliometric study of optimal pricing policies. Acta Montanistica Slovaca, 27(1), 49-69. https://doi.org/10.46544/AMS.v27i1.05 Go to original source...
  32. Hällerstrand, L., Reim, W., Malmström, M. (2023). Dynamic capabilities in environmental entrepreneurship: A framework for commercializing green innovations. Journal of Cleaner Production, 402, 136692. https://doi.org/10.1016/j.jclepro.2023.136692 Go to original source...
  33. Hamid, I., Alam, M. S., Murshed, M., et al. (2021). The roles of foreign direct investments, economic growth, and capital investments in decarbonizing the economy of Oman. Environmental Science and Pollution Research, 29, 22122-22138. https://doi.org/10.1016/j.jclepro.2023.136692 Go to original source...
  34. Harper, G. D., Kendrick, E., Anderson, P. A., et al. (2023). Roadmap for a sustainable circular economy in lithium-ion and future battery technologies. Journal of Physics: Energy, 5(2), 021501. https://doi.org/10.1088/2515-7655/acaa57 Go to original source...
  35. Hassan, Q., Sameen, A. Z., Salman, H. M., et al. (2023). Hydrogen energy future: Advancements in storage technologies and implications for sustainability. Journal of Energy Storage, 72(B), 108404. https://doi.org/10.1016/j.est.2023.108404 Go to original source...
  36. Hegab, H., Shaban, I., Jamil, M., et al. (2023). Toward sustainable future: Strategies, indicators, and challenges for implementing sustainable production systems. Sustainable Materials and Technologies, 36, e00617. https://doi.org/10.1016/j.susmat.2023.e00617 Go to original source...
  37. Herbst, J. M. (2023). Transforming Trash into Treasure Troves: SMEs Co-Create Industrial Ecology Ecosystems with Government. Sustainability, 15(19), 14533. https://doi.org/10.3390/su151914533 Go to original source...
  38. Hojnik, J., Ruzzier, M., Ruzzier, M. K., et al. (2023). Challenges of demographic changes and digitalization on eco-innovation and the circular economy: Qualitative insights from companies. Journal of Cleaner Production, 396, 136439. https://doi.org/10.1016/j.jclepro.2023.136439 Go to original source...
  39. Jaiswal, D., Singh, B., Kant, R., et al. (2022). Towards green product consumption: Effect of green marketing stimuli and perceived environmental knowledge in Indian consumer market. Society and Business Review, 17(1), 45-65. https://doi.org/10.1108/SBR-05-2021-0081 Go to original source...
  40. Jayarathna, C. P., Agdas, D., Dawes, L. (2023). Exploring sustainable logistics practices toward a circular economy: A value creation perspective. Business strategy and the Environment, 32(1), 704-720. https://doi.org/10.1002/bse.3170 Go to original source...
  41. Jesus, G. M. K., Jugend, D. (2023). How can open innovation contribute to circular economy adoption? Insights from a literature review. European Journal of Innovation Management, 26(1), 65-98. https://doi.org/10.1108/EJIM-01-2021-0022 Go to original source...
  42. Karmaker, C. L., Al Aziz, R., Ahmed, T., et al. (2023). Impact of industry 4.0 technologies on sustainable supply chain performance: The mediating role of green supply chain management practices and circular economy. Journal of Cleaner Production, 419, 138249. https://doi.org/10.1016/j.jclepro.2023.138249 Go to original source...
  43. Khan, N.-U., Udemba, E. N., Emir, F., et al. (2024). A look into sustainable development goal amidst technological innovation, financial development and natural resources: a symmetry and asymmetry analyses. Environment, Development and Sustainability, 26(5), 11929-11956. https://doi.org/10.1007/s10668-023-03576-4 Go to original source...
  44. Khizar, H. M. U., Younas, A., Kumar, S., et al. (2023). The progression of sustainable development goals in tourism: A systematic literature review of past achievements and future promises. Journal of Innovation & Knowledge, 8(4), 100442. https://doi.org/10.1016/j.jik.2023.100442 Go to original source...
  45. Kliestik, T., Nica, E., Durana, P., et al. (2023). Artificial intelligence-based predictive maintenance, time-sensitive networking, and big data-driven algorithmic decision-making in the economics of Industrial Internet of Things. Oeconomia Copernicana, 14(4), 1097-1138. https://doi.org/10.24136/oc.2023.033 Go to original source...
  46. Kumar, G., Meena, P., Difrancesco, R. M. (2021). How do collaborative culture and capability improve sustainability? Journal of Cleaner Production, 291, 125824. https://doi.org/10.1016/j.jclepro.2021.125824 Go to original source...
  47. Kuwornu, J. K., Khaipetch, J., Gunawan, E., et al. (2023). The adoption of sustainable supply chain management practices on performance and quality assurance of food companies. Sustainable Futures, 5, 100103. https://doi.org/10.1016/j.sftr.2022.100103 Go to original source...
  48. Kuzior, A., Arefiev, S., Poberezhna, Z. (2023). Informatization of innovative technologies for ensuring macroeconomic trends in the conditions of a circular economy. Journal of Open Innovation: Technology, Market, and Complexity, 9(1), 10-20. https://doi.org/10.1016/j.joitmc.2023.01.001 Go to original source...
  49. Lewis, A. S., Rollinson, C. R., Allyn, A. J., et al. (2023). The power of forecasts to advance ecological theory. Methods in Ecology and Evolution, 14(3), 746-756. https://doi.org/10.1111/2041-210X.13955 Go to original source...
  50. Li, C., Gillings, M. R., Zhang, C., et al. (2024). Ecology and risks of the global plastisphere as a newly expanding microbial habitat. The Innovation, 5(1), 100543. https://doi.org/10.1016/j.xinn.2023.100543 Go to original source...
  51. Li, J., Udemba, E. N., Gündoğdu, B. Ç. (2024). Connectedness of green financing, green energy and technological progress towards energy transition and climate goal: exposition of the best practise to achieve sustainable environmental development. Stochastic Environmental Research and Risk Assessment, 38, 1855-1871. https://doi.org/10.1007/s00477-024-02659-6 Go to original source...
  52. Lin, H.-J., Ma, H.-W. (2023). Analysis of green certification standards related to recycled materials involving textiles based on life cycle thinking. Sustainable Production and Consumption, 41, 107-120. https://doi.org/10.1016/j.spc.2023.08.001 Go to original source...
  53. Liu, Y., Salman, A., Khan, K., et al. (2023). The effect of green energy production, green technological innovation, green international trade, on ecological footprints. Environment, Development and Sustainability, 27, 20985-20998. https://doi.org/10.1007/s10668-023-03399-3 Go to original source...
  54. Majumder, S. C., Voumik, L. C., Rahman, M. H., et al. (2023). A quantile regression analysis of the impact of electricity production sources on CO2 emission in South Asian Countries. Strategic Planning for Energy and the Environment, 42(2), 307-330. https://doi.org/10.13052/spee1048-5236.4223 Go to original source...
  55. Manová, E., Čulková, K., Lukáč, J., et al. (2018). Position of the chosen industrial companies in connection to the mining. Acta Montanistica Slovaca, 23(2), 132-140.
  56. Maroušek, J. (2023). Aluminum nanoparticles from liquid packaging board improve the competitiveness of (bio) diesel. Clean Technologies and Environmental Policy, 25(3), 1059-1067. https://doi.org/10.1007/s10098-022-02413-y Go to original source...
  57. Maroušek, J., Maroušková, A., Gavurová, B., et al. (2023). Techno-economic considerations on cement substitute obtained from waste refining. Journal of Cleaner Production, 412, 137326. https://doi.org/10.1016/j.jclepro.2023.137326 Go to original source...
  58. Maroušek, J., Strunecký, O., Maroušková, A. (2023). Insect rearing on biowaste represents a competitive advantage for fish farming. Reviews in Aquaculture, 15(3), 965-975. https://doi.org/10.1111/raq.12772 Go to original source...
  59. Mishra, A., Dutta, P., Jayasankar, S., et al. (2023). A review of reverse logistics and closed-loop supply chains in the perspective of circular economy. Benchmarking: An International Journal, 30(3), 975-1020. https://doi.org/10.1108/BIJ-11-2021-0669 Go to original source...
  60. Mondal, S., Singh, S., Gupta, H. (2023a). Assessing enablers of green entrepreneurship in circular economy: An integrated approach. Journal of Cleaner Production, 388, 135999. https://doi.org/10.1016/j.jclepro.2023.135999 Go to original source...
  61. Mondal, S., Singh, S., Gupta, H. (2023b). Green entrepreneurship and digitalization enabling the circular economy through sustainable waste management - An exploratory study of emerging economy. Journal of Cleaner Production, 422, 138433. https://doi.org/10.1016/j.jclepro.2023.138433 Go to original source...
  62. Ncube, A., Mtetwa, S., Bukhari, M., et al. (2023). Circular Economy and Green Chemistry: The Need for Radical Innovative Approaches in the Design for New Products. Energies, 16(4), 1752. https://doi.org/10.3390/en16041752 Go to original source...
  63. Nuringsih, K., Nuryasman, M. (2022). Understanding Relationship Green Entrepreneurship And Circular Economy. Jurnal Manajemen, 26(2), 200-224. https://doi.org/10.24912/jm.v26i2.970 Go to original source...
  64. Patel, K. R. (2023). Harmonizing Sustainability, Functionality, and Cost: Navigating Responsible Packaging Innovations in Modern Supply Chains. American Journal of Economic and Management Business (AJEMB), 2(8), 287-300. Go to original source...
  65. Prasetyo, P., Azwardi, A., Kistanti, N. (2023). Gender equality and social inclusion (GESI) and institutions as key drivers of green entrepreneurship. International Journal of Data and Network Science, 7(1), 391-398. https://doi.org/10.5267/j.ijdns.2022.9.008 Go to original source...
  66. Priyadarshini, J., Singh, R. K., Mishra, R., et al. (2023). Supply chain resilience and improving sustainability through additive manufacturing implementation: a systematic literature review and framework. Production Planning & Control, 36(3), 309-332. https://doi.org/10.1080/09537287.2023.2267507 Go to original source...
  67. Qing, L., Yao, Y., Sinisi, C.-I., et al. (2024). Do trade openness, environmental degradation and oil prices affect green energy consumption? Energy Strategy Reviews, 52, 101342. https://doi.org/10.1016/j.esr.2024.101342 Go to original source...
  68. Rahman, M. H., Majumder, S. C. (2022). Empirical analysis of the feasible solution to mitigate the CO2 emission: Evidence from Next-11 countries. Environmental Science and Pollution Research, 29(48), 73191-73209. https://doi.org/10.1007/s11356-022-20908-5 Go to original source...
  69. Rahman, M. M., Deb, B. C., Rahman, M. S., et al. (2023). Does trade openness affect global entrepreneurship development? Evidence from BRICS countries. Annals of Financial Economics, 18(3), 2350001. https://doi.org/10.1142/S201049522350001X Go to original source...
  70. Rahman, M. M., Hasan, M. J., Deb, B. C., et al. (2023). The effect of social media entrepreneurship on sustainable development: Evidence from online clothing shops in Bangladesh. Heliyon, 9(9), e19397. https://doi.org/10.1016/j.heliyon.2023.e19397 Go to original source...
  71. Rahman, M. M., Islam, M. E. (2023). The impact of green accounting on environmental performance: mediating effects of energy efficiency. Environmental Science and Pollution Research, 30(26), 69431-69452. https://doi.org/10.1007/s11356-023-27356-9 Go to original source...
  72. Ramzan, M., Abbasi, K. R., Salman, A., et al. (2023). Towards the dream of go green: An empirical importance of green innovation and financial depth for environmental neutrality in world's top 10 greenest economies. Technological Forecasting and Social Change, 189, 122370. https://doi.org/10.1016/j.techfore.2023.122370 Go to original source...
  73. Rayna, T., Striukova, L. (2021). Involving consumers: The role of digital technologies in promoting 'prosumption' and user innovation. Journal of the Knowledge Economy, 12, 218-237. https://doi.org/10.1007/s13132-016-0390-8 Go to original source...
  74. Reike, D., Hekkert, M. P., Negro, S. O. (2023). Understanding circular economy transitions: The case of circular textiles. Business Strategy and the Environment, 32(3), 1032-1058. https://doi.org/10.1002/bse.3114 Go to original source...
  75. Rose, J. R., Bharadwaj, N. (2023). Sustainable innovation: Additive manufacturing and the emergence of a cyclical take-make-transmigrate process at a pioneering industry-university collaboration. Journal of Product Innovation Management, 40(4), 433-450. https://doi.org/10.1111/jpim.12671 Go to original source...
  76. Shafi, M., Ramos-Meza, C. S., Jain, V., et al. (2023). The dynamic relationship between green tax incentives and environmental protection. Environmental Science and Pollution Research, 30(12), 32184-32192. https://doi.org/10.1007/s11356-023-25482-y Go to original source...
  77. Sharma, M., Joshi, S., Prasad, M., et al. (2023). Overcoming barriers to circular economy implementation in the oil & gas industry: Environmental and social implications. Journal of Cleaner Production, 391, 136133. https://doi.org/10.1016/j.jclepro.2023.136133 Go to original source...
  78. Singh, M., Arora, V., Kulshreshta, K. (2024). AI and the Environment: Innovative Approaches to Climate Change. In: Singh, M., Arora, V., Kulshreshta, K. Maintaining a Sustainable World in the Nexus of Environmental Science and AI (pp. 1-22). New York: IGI Global. ISBN 9798369363386. Go to original source...
  79. Sohns, T. M., Aysolmaz, B., Figge, L., et al. (2023). Green business process management for business sustainability: A case study of manufacturing small and medium-sized enterprises (SMEs) from Germany. Journal of Cleaner Production, 401, 136667. https://doi.org/10.1016/j.jclepro.2023.136667 Go to original source...
  80. Soleimani, M., Mollaei, E., Beinabaj, M. H., et al. (2023). Evaluating the enablers of green entrepreneurship in circular economy: Organizational enablers in focus. Sustainability, 15(14), 11253. https://doi.org/10.3390/su151411253 Go to original source...
  81. Soni, V., Gnekpe, C., Roux, M., et al. (2023). Adaptive distributed leadership and circular economy adoption by emerging SMEs. Journal of Business Research, 156, 113488. https://doi.org/10.1016/j.jbusres.2022.113488 Go to original source...
  82. Tylżanowski, R., Kazojć, K., Miciuła, I. (2023). Exploring the Link between Energy Efficiency and the Environmental Dimension of Corporate Social Responsibility: A Case Study of International Companies in Poland. Energies, 16(16), 6080. https://doi.org/10.3390/en16166080 Go to original source...
  83. Uddin, K. M. K., Rahman, M. M., Saha, S. (2023). The impact of green tax and energy efficiency on sustainability: Evidence from Bangladesh. Energy Reports, 10, 2306-2318. https://doi.org/10.1016/j.egyr.2023.09.050 Go to original source...
  84. Ulanov, V. L. (2024). The Need for the Green Economy Factors in Assessing the Development and Growth of Russian Raw Materials Companies. Journal of Comprehensive Business Administration Research, 1(1), 19-26. https://doi.org/10.47852/bonviewJCBAR42022237 Go to original source...
  85. Van Hoang, T. (2024). Impact of integrated artificial intelligence and internet of things technologies on smart city transformation. Journal of Technical Education Science, 19(SI1), 64-73. https://doi.org/10.54644/jte.2024.1532 Go to original source...
  86. Vidal-Ayuso, F., Akhmedova, A., Jaca, C. (2023). The circular economy and consumer behaviour: Literature review and research directions. Journal of Cleaner Production, 418, 137824. https://doi.org/10.1016/j.jclepro.2023.137824 Go to original source...
  87. Villalba-Eguiluz, U., Sahakian, M., González-Jamett, C., et al. (2023). Social and solidarity economy insights for the circular economy: Limited-profit and sufficiency. Journal of Cleaner Production, 418, 138050. https://doi.org/10.1016/j.jclepro.2023.138050 Go to original source...
  88. Voumik, L. C., Hossain, M. I., Rahman, M. H., et al. (2023). Impact of renewable and non-renewable energy on EKC in SAARC countries: augmented mean group approach. Energies, 16(6), 2789. https://doi.org/10.3390/en16062789 Go to original source...
  89. Wang, L., Shang, Y., Li, C. (2023). How to improve the initiative and effectiveness of enterprises to implement environmental management system certification? Journal of Cleaner Production, 404, 137013. https://doi.org/10.1016/j.jclepro.2023.137013 Go to original source...
  90. WB (n.d.). World Bank Enterprise Surveys. [Retrieved 2024-11-11] Available at: https://espanol.enterprisesurveys.org/en/enterprisesurveys
  91. Yasir, N., Babar, M., Mehmood, H. S., et al. (2023). The Environmental Values Play a Role in the Development of Green Entrepreneurship to Achieve Sustainable Entrepreneurial Intention. Sustainability, 15(8), 6451. https://doi.org/10.3390/su15086451 Go to original source...
  92. Yu, L., Xu, X., Zhang, W., et al. (2023). Unveiling Knowledge Economy Dynamics in China: Insights into Creation, Diffusion, and Application Across Varied Contexts. Journal of the Knowledge Economy, 15, 1-24. https://doi.org/10.1007/s13132-023-01581-6 Go to original source...
  93. Yusuf, N., Lytras, M. D. (2023). Competitive Sustainability of Saudi Companies through Digitalization and the Circular Carbon Economy Model: A Bold Contribution to the Vision 2030 Agenda in Saudi Arabia. Sustainability, 15(3), 2616. https://doi.org/10.3390/su15032616 Go to original source...
  94. Zakopoulos, V., Makri, A., Ntanos, S., et al. (2023). Drama/Theatre Performance in Education through the Use of Digital Technologies for Enhancing Students' Sustainability Awareness: A Literature Review. Sustainability, 15(18), 13387. https://doi.org/10.3390/su151813387 Go to original source...
  95. Zeleňáková, M., Repel, A., Vranayová, Z., et al. (2019). Impact of land use changes on surface runoff in urban areas-Case study of Myslavsky Creek Basin in Slovakia. Acta Montanistica Slovaca, 24(2), 129-139.
  96. Zhang, N., Deng, J., Ahmad, F., et al. (2023). The dynamic association between public environmental demands, government environmental governance, and green technology innovation in China: evidence from panel VAR model. Environment, Development and Sustainability, 25(9), 9851-9875. https://doi.org/10.1007/s10668-022-02463-8 Go to original source...
  97. Zhang, Q., Udemba, E. N. (2023). Comparative analysis of two resources-based economies: A study of policy recommendation toward sustainable development. Resources Policy, 80, 103253. https://doi.org/10.1016/j.resourpol.2022.103253 Go to original source...
  98. Zhou, B., Siddik, A. B., Zheng, G.-W., et al. (2023). Unveiling the Role of Green Logistics Management in Improving SMEs' Sustainability Performance: Do Circular Economy Practices and Supply Chain Traceability Matter? Systems, 11(4), 198. https://doi.org/10.3390/systems11040198 Go to original source...

This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.