Antecedents and consequents of circular economy adoption: A meta-Analytic Investigation

This paper aims to integrate and empirically assess the antecedents and consequents of circular economy (CE) adoption to remove ambiguity existing in the literature and clarify divergent views. This study uses meta-analysis methodology to validate the research framework, considering 106 empirical studies with 210 effect sizes. Based on these studies, we establish twelve antecedents and three consequents related to CE. Antecedents are categorized in a technological-organizational-environmental framework and consequents in the sustainability outcomes. The result suggests that organisational factors are more prominent in driving CE practices, followed by environmental and technological factors. In the organisational category, the three most influencing factors are managing product returns, green manufacturing, and environmental strategy. In the environmental category, coercive pressure is the most influential factor, followed by mimetic and social pressures. Emerging I4.0 technologies are the most prominent factor in the technological category. Our study suggests that CE helps to achieve sustainable performance by significantly enabling economic, environmental, and social outcomes. This study further analyses how contextual factors such as national culture (masculinity) and economic regions influence the various relationships with CE using subgroup analysis. The moderation results show that low masculine culture and developing economies are more effectively using the I4.0 technologies to drive CE adoption than high masculine culture and developed economies. Additionally, different dimensions of sustainability are also influenced by the variations in masculinity and economic regions.