Achieving Sustainability Performance Through Circular Economy Practices Under the Influence of Open Innovation and Environmental Dynamism
基于310家欧洲制造企业数据，研究发现循环经济实践能提升开放式创新活动和可持续绩效，开放式创新在两者间起中介作用，环境动态性正向调节循环经济与开放式创新的关系。
ABSTRACT Circular economy ( CE ) practices can help firms improve environmental, economic, and social performance. While collaboration is essential to CE implementation, the role of open innovation (OI)—a more intensive form of collaboration—remains underexplored. This study investigates how OI and environmental dynamism shape the impact of CE practices on sustainability across all three dimensions. We developed and tested a conceptual model using survey data from 310 European manufacturing firms. We analyzed the data with partial least squares structural equation modeling. Results show that CE practices increase both inbound OI activity and sustainability performance. OI also mediates the relationship between CE and sustainability, enhancing its effects. CE directly improves environmental and economic performance, but not social performance. Environmental dynamism positively moderates the CE –OI link. This reinforces the need for external collaboration in dynamic environments. These findings underscore the strategic value of integrating CE and OI to achieve comprehensive sustainability. For managers, the message is clear: Pairing CE with OI can improve outcomes for the environment, society, and the bottom line.