Innovativeness Towards Transformation from Linear to Circular Economy
DOI:
https://doi.org/10.7250/eb-2025-0001Keywords:
Estonia, circular economy, innovation, knowledge transfer, Lithuania, linear economy, Nordic capitalAbstract
Knowledge/technology transfer stimulates the development of new technologies and products and even transfer from a linear economy to more friendly business activities. The problem of climate change and the constantly increasing volume of various waste causes challenges and, at the same time, opportunities for business development. Transition to circular economy might decline energy from fossil resources and lower business influence on the climate change. However, the shift to new business models requires new knowledge and technology. Thus, the adoption of good practices or gained knowledge or technology speeds up the transition to a circular economy. The aim of the paper is to explore the complex relationships between knowledge transfer and circular economy. The study was based on a questionnaire. For evaluation, the 5-point Likert scale has been used. The survey has been carried out by the CATI principle. For the analysis of the results, the research applied descriptive statistics and correlation. Empirical research focuses on Nordic MNCs in Lithuania and Estonia. The results proved that companies tend to develop innovations or new products. Additionally, they have a positive attitude towards transferring their own business to the circular economy. The results fulfil the gap in the interlinkages between the theory of circular economy and the innovations concept.
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