TY - JOUR
T1 - Does R&D intensity promote the adoption of circular supply chain management? Evidence from China
AU - Chen, Xiaohong
AU - Chen, Lujie
AU - Jiang, Mengqi
AU - Yan, Ji
N1 - Funding Information:
This research is supported by the National Natural Science Foundation of China NO. 71902159 .
Publisher Copyright:
© 2021
PY - 2021/11
Y1 - 2021/11
N2 - This paper explores the relationship between research and development (R&D) intensity and circular supply chain management (CSCM) adoption of high-tech manufacturing companies in China to deepen our understanding of how to improve CSCM adoption in emerging economies. In particular, we examine the moderating effect of three kinds of institutional pressures (i.e., regulatory pressure from governmental regulations, mimetic pressure from industry competition, and normative pressure from overseas customer demand) from the perspective of institutional theory. Based on the panel data of 310 Chinese listed companies from 2006 to 2019, we find that R&D intensity positively affects firms’ CSCM adoption. We further observe that this positive effect is strengthened when the ratio of state-owned shares or the degree of industry competition is higher. However, overseas operating income does not affect the impact of R&D intensity on CSCM adoption. Our study contributes to the literature on the innovation – circular economy debate, confirming the positive effect of R&D intensity on firms' CSCM adoption, and provides insights into moderating effects on this relationship in an emerging economy context.
AB - This paper explores the relationship between research and development (R&D) intensity and circular supply chain management (CSCM) adoption of high-tech manufacturing companies in China to deepen our understanding of how to improve CSCM adoption in emerging economies. In particular, we examine the moderating effect of three kinds of institutional pressures (i.e., regulatory pressure from governmental regulations, mimetic pressure from industry competition, and normative pressure from overseas customer demand) from the perspective of institutional theory. Based on the panel data of 310 Chinese listed companies from 2006 to 2019, we find that R&D intensity positively affects firms’ CSCM adoption. We further observe that this positive effect is strengthened when the ratio of state-owned shares or the degree of industry competition is higher. However, overseas operating income does not affect the impact of R&D intensity on CSCM adoption. Our study contributes to the literature on the innovation – circular economy debate, confirming the positive effect of R&D intensity on firms' CSCM adoption, and provides insights into moderating effects on this relationship in an emerging economy context.
KW - CSCM
KW - Circular economy
KW - Innovation
KW - Institutional theory
KW - R&D intensity
UR - http://www.scopus.com/inward/record.url?scp=85118527214&partnerID=8YFLogxK
U2 - 10.1016/j.indmarman.2021.10.015
DO - 10.1016/j.indmarman.2021.10.015
M3 - Article
AN - SCOPUS:85118527214
SN - 0019-8501
VL - 99
SP - 153
EP - 166
JO - Industrial Marketing Management
JF - Industrial Marketing Management
ER -