Original scientific paper
https://doi.org/10.1080/1331677X.2021.2004437
How do green financing and green logistics affect the circular economy in the pandemic situation: key mediating role of sustainable production
Long Jinru
Zhong Changbiao
Bilal Ahmad
Muhammad Irfan
Rabia Nazir
Abstract
Emerging economies are striving to realize their potential for sustainable production in achieving zero-carbon agenda. Due to natural resource constraints, businesses must focus on green
production resources to develop the circular economy. Therefore,
this study aims to identify the key role of green financing and
logistics in adopting sustainable production and circular economy.
We have collected the data from 240 respondents from the
Chinese manufacturing sector following the COVID-19 peak in
late 2020 and analyzed using structural equation modeling. As
per research findings, green financing and green logistics have a
significant and positive effect on sustainable production and the
circular economy. Second, sustainable production has a significant
positive influence on the circular economy. Manifestly, sustainable
production was discovered to play an important mediating role
among these variables. Besides, the novel Importance-performance map analysis shows each constructs performance and
importance value towards the circular economy. This paper contributed to the literature and highlighted the importance of each
construct. Moreover, the study findings implied that green financing and green logistics should be integrated into organizational
procuring and financing strategies for manufacturing green and
sustainable goods, and advancing the circular economy goals.
Keywords
Green financing; sustainable production; circular economy; structural equation modeling
Hrčak ID:
302626
URI
Publication date:
31.3.2023.
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