Financial Management and Tax Development for knowledge transfer in circular economy projects
DOI:
https://doi.org/10.56294/sctconf20241084Keywords:
Circular Economy, Financial Management, Tax Development, Knowledge TransferAbstract
The circular economy offers a sustainable model that aims to maximize resource reuse and minimize waste. This article explores, through a documentary review methodology, financial management and tax development as essential tools to facilitate knowledge transfer in circular economy projects. The need to optimize financing models that include tax incentives, public funding, and private investment mechanisms is highlighted. Additionally, the importance of international collaboration and innovative governance models is emphasized to overcome financial and legal barriers while promoting broader adoption of circular practices. Education and continuous training are also crucial in preparing a conscious and skilled workforce in sustainability principles. This comprehensive approach is essential for the implementation and scalability of the circular economy across various industrial sectors, as well as the promotion of sustainable development and a culture of environmental responsibility
References
1. Jia F, Yin S, Chen L, Chen X. The circular economy in the textile and apparel industry: A systematic literature review. Journal of Cleaner Production. 2020;259:120728. https://doi.org/10.1016/j.jclepro.2020.120728
2. Bjørnbet M, Skaar C, Fet A, Schulte K. Circular economy in manufacturing companies: A review of case study literature. Journal of Cleaner Production. 2021;294:126268. https://doi.org/10.1016/J.JCLEPRO.2021.126268
3. Ricardo Jiménez LS. Dimensiones de emprendimiento: Relación educativa. El caso del programa cumbre. Región Científica. 2022;1(1):202210. https://doi.org/10.58763/rc202210
4. Gómez-Cano C, Sánchez-Castillo V. Evaluación del nivel de madurez en la gestión de proyectos de una empresa prestadora de servicios públicos. Económicas CUC. 2021;42(2):133-44. https://doi.org/10.17981/econcuc.42.2.2021.Org.7
5. Klein N, Ramos T, Deutz P. Circular Economy Practices and Strategies in Public Sector Organizations: An Integrative Review. Sustainability. 2020;12:4181. https://doi.org/10.3390/su12104181
6. Suchek N, Fernandes C, Kraus S, Filser M, Sjögrén H. Innovation and the circular economy: A systematic literature review. Business Strategy and the Environment. 2021;30(8):3686-3702. https://doi.org/10.1002/BSE.2834
7. Bressanelli G, Saccani N, Pigosso D, Perona M. Circular Economy in the WEEE industry: a systematic literature review and a research agenda. Sustainable Production and Consumption. 2020;23:174-188. https://doi.org/10.1016/j.spc.2020.05.007
8. Priyadarshini P, Abhilash P. Circular economy practices within energy and waste management sectors of India: A meta-analysis. Bioresource technology. 2020;304:123018. https://doi.org/10.1016/j.biortech.2020.123018
9. Hysa E, Kruja A, Rehman N, Laurenti R. Circular Economy Innovation and Environmental Sustainability Impact on Economic Growth: An Integrated Model for Sustainable Development. Sustainability. 2020;12(12):4831. https://doi.org/10.3390/su12124831
10. Muñoz Bonilla HA, Menassa Garrido IS, Rojas Coronado L, Espinosa Rodríguez MA. La innovación en el sector servicios y su relación compleja con la supervivencia empresarial. Región Científica. 2024;3(1):2024214. https://doi.org/10.58763/rc2024214
11. Mhatre P, Panchal R, Singh A, Bibyan S. A systematic literature review on the circular economy initiatives in the European Union. Sustainable Production and Consumption. 2021;26:187-202. https://doi.org/10.1016/J.SPC.2020.09.008
12. Guzmán DL, Gómez-Cano C, Sánchez-Castillo V. Construcción del Estado a partir de la participación Ciudadana. Revista Academia & Derecho. 2022;14(25). https://doi.org/10.18041/2215-8944/academia.25.10601
13. Munaro M, Tavares S, Bragança L. Towards circular and more sustainable buildings: A systematic literature review on the circular economy in the built environment. Journal of Cleaner Production. 2020;260:121134. https://doi.org/10.1016/j.jclepro.2020.121134
14. Machuca-Contreras F, Canova-Barrios C, Castro MF. Una aproximación a los conceptos de innovación radical, incremental y disruptiva en las organizaciones. Región Científica. 2023;2(1):202324. https://doi.org/10.58763/rc202324
15. Sabău-Popa C, Bele A, Dodescu A, Bolos M. How Does the Circular Economy Applied in the European Union Support Sustainable Economic Development? Sustainability. 2022;14(16):9932. https://doi.org/10.3390/su14169932
16. Creswell JW. Research Design. Qualitative, Quantitative and Mixed Method Approaches. 4 ed2019.
17. Chaves-Cano AM, Sánchez-Castillo V, Pérez-Gamboa AJ, Castillo-Gonzalez W, Vitón-Castillo A, Gonzalez-Argote J. Internet of Things and Health: A literature review based on Mixed Method. EAI Endorsed Transactions on Internet of Things. 2024;10. https://doi.org/10.4108/eetiot.4909
18. Mwita K. Strengths and weaknesses of qualitative research in social science studies. Related Topics in Social Science. 2022;11(6). https://doi.org/10.20525/ijrbs.v11i6.1920
19. Casasempere-Satorres A, Vercher-Ferrándiz ML. Bibliographic documentary analysis. Getting the most out of the literature review in qualitative research. New Trends in Qualitative Research. 2020;4:247-57. https://doi.org/10.36367/ntqr.4.2020.247-257
20. Atstāja D, Koval V, Grasis J, Kalina I, Kryshtal H, Mikhno I. Sharing Model in Circular Economy towards Rational Use in Sustainable Production. Energies. 2022;15(3):939. https://doi.org/10.3390/en15030939
21. Kammerer-David MI, Murgas-Téllez B. La innovación tecnológica desde un enfoque de dinámica de sistemas. Región Científica. 2024;3(1):2024217. https://doi.org/10.58763/rc2024217
22. Ghisetti C, Montresor S. On the adoption of circular economy practices by small and medium-size enterprises (SMEs): does “financing-as-usual” still matter? Journal of Evolutionary Economics. 2020;30:559-586. https://doi.org/10.1007/s00191-019-00651-w
23. Hartley K, Santen R, Kirchherr J. Policies for transitioning towards a circular economy: Expectations from the European Union (EU). Resources, Conservation and Recycling. 2020;155:104634. https://doi.org/10.1016/j.resconrec.2019.104634
24. Christensen T. Towards a circular economy in cities: Exploring local modes of governance in the transition towards a circular economy in construction and textile recycling. Journal of Cleaner Production. 2021;305:127058. https://doi.org/10.1016/J.JCLEPRO.2021.127058
25. Alhola K, Ryding S, Salmenperä H, Busch N. Exploiting the Potential of Public Procurement: Opportunities for Circular Economy. Journal of Industrial Ecology. 2019;23(1):96-109. https://doi.org/10.1111/jiec.12770
26. Vence X, Pérez S. Taxation for a Circular Economy: New Instruments, Reforms, and Architectural Changes in the Fiscal System. Sustainability. 2021;13:4581. https://doi.org/10.3390/SU13084581
27. Ilić M, Ranković M, Dobrilović M, Bucea-Manea-Țoniș R, Mihoreanu L, Gheța M, et al. Challenging Novelties within the Circular Economy Concept under the Digital Transformation of Society. Sustainability. 2022;14(2):702. https://doi.org/10.3390/su14020702
28. Millette S, Hull C, Williams E. Business incubators as effective tools for driving circular economy. Journal of Cleaner Production. 2020;266:121999. https://doi.org/10.1016/j.jclepro.2020.121999
29. Torfing J. Collaborative innovation in the public sector: the argument. Public Management Review. 2019;21:1-11. https://doi.org/10.1080/14719037.2018.1430248
30. Solheim-Kile E, Wald A. Public–private joint ventures in the healthcare sector: enlarging the shadow of the future through social and economic incentives. International Journal of Public Sector Management. 2020;33:647-662. https://doi.org/10.1108/ijpsm-12-2019-0318
31. Mishra J, Chiwenga K, Ali K. Collaboration as an enabler for circular economy: a case study of a developing country. Management Decision. 2019;59(8):1784-1800. https://doi.org/10.1108/MD-10-2018-1111
32. Smol M, Kulczycka J. Towards innovations development in the European raw material sector by evolution of the knowledge triangle. Resources Policy. 2019;62:453-462. https://doi.org/10.1016/J.RESOURPOL.2019.04.006
33. Gómez Miranda OM. La franquicia: de la inversión al emprendimiento. Región Científica. 2022;1(1):20229. https://doi.org/10.58763/rc20229
34. Gargano E, Cornella A, Sacco P. Governance Model for a Territory Circularity Index. Sustainability. 2023;15(5):4069. https://doi.org/10.3390/su15054069
35. Hamam M, Chinnici G, Vita G, Pappalardo G, Pecorino B, Maesano G, D’Amico M. Circular Economy Models in Agro-Food Systems: A Review. Sustainability. 2021;13(6):3453. https://doi.org/10.3390/SU13063453
36. Gamidullaeva L, Tolstykh T, Bystrov A, Radaykin A, Shmeleva N. Cross-Sectoral Digital Platform as a Tool for Innovation Ecosystem Development. Sustainability. 2021;13(21):11686. https://doi.org/10.3390/su132111686
37. Aalbers R, Whelan E. Implementing digitally enabled collaborative innovation: A case study of online and offline interaction in the German automotive industry. Creativity and Innovation Management. 2021;30:368-383. https://doi.org/10.1111/CAIM.12437
38. Miao B, Liang Y, Suo Y. The Influence of Organizational Social Network on Enterprise Collaborative Innovation—Mediating Role of Knowledge Sharing and Moderating Effect of Digital Construction. IEEE Access. 2023;11:5110-5122. https://doi.org/10.1109/ACCESS.2023.3236398
39. Hansson K, Dahlgren A. Open research data repositories: Practices, norms, and metadata for sharing images. Journal of the Association for Information Science and Technology. 2021;73:303-316. https://doi.org/10.1002/asi.24571
40. Ramstrand N, Fatone S, Dillon M, Hafner B. Sharing research data. Prosthetics and Orthotics International. 2020;44:49-51. https://doi.org/10.1177/0309364620915020
41. Afanador Cubillos N. Historia de la producción y sus retos en la era actual. Región Científica. 2023;2(1):202315. https://doi.org/10.58763/rc202315
42. Sukiennik M, Zybała K, Fuksa D, Kęsek M. The Role of Universities in Sustainable Development and Circular Economy Strategies. Energies. 2021;14(17):5365. https://doi.org/10.3390/en14175365
43. Bugallo-Rodríguez Á, Vega-Marcote P. Circular economy, sustainability and teacher training in a higher education institution. International Journal of Sustainability in Higher Education. 2020;21:1351-1366. https://doi.org/10.1108/ijshe-02-2020-0049
44. Schröder P, Bengtsson M, Cohen M, Dewick P, Hoffstetter J, Sarkis J. Degrowth within – Aligning circular economy and strong sustainability narratives. Resources, Conservation and Recycling. 2019;146:190-191. https://doi.org/10.1016/J.RESCONREC.2019.03.038
45. Jabbour A, Luiz J, Luiz O, Jabbour C, Ndubisi N, Oliveira J, Junior F. Circular economy business models and operations management. Journal of Cleaner Production. 2019;235:1525-1539. https://doi.org/10.1016/J.JCLEPRO.2019.06.349
46. Salvador R, Barros M, Freire F, Halog A, Piekarski C, Francisco A. Circular economy strategies on business modelling: Identifying the greatest influences. Journal of Cleaner Production. 2021;299:126918. https://doi.org/10.1016/J.JCLEPRO.2021.126918
47. Kirchherr J, Piscicelli L. Towards an Education for the Circular Economy (ECE): Five Teaching Principles and a Case Study. Resources, Conservation and Recycling. 2019;150:1004406. https://doi.org/10.1016/J.RESCONREC.2019.104406
48. Whitehill S, Hayles C, Jenkins S, Taylour J. Engagement with Higher Education Surface Pattern Design Students as a Catalyst for Circular Economy Action. Sustainability. 2022;14(3):1146. https://doi.org/10.3390/su14031146
49. Suárez-Eiroa B, Fernández E, Méndez-Martínez G, Soto-Oñate D. Operational principles of circular economy for sustainable development: Linking theory and practice. Journal of Cleaner Production. 2019;214:952-961. https://doi.org/10.1016/J.JCLEPRO.2018.12.271
50. Dey P, Malesios C, De D, Budhwar P, Chowdhury S, Cheffi W. Circular economy to enhance sustainability of small and medium‐sized enterprises. Business Strategy and the Environment. 2020;29(6):2145-2169. https://doi.org/10.1002/bse.2492
Published
Issue
Section
License
Copyright (c) 2024 Karen Estefanía Zambrano Roldan, Jenny Esthefanía Basantez Sánchez, John Alexis Franco Menéndez (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
The article is distributed under the Creative Commons Attribution 4.0 License. Unless otherwise stated, associated published material is distributed under the same licence.