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<field name="value">Quevedo Puente, Mª Esther</field>
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<field name="value">Baumgärtler, Thomas</field>
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<field name="value">Knäble, David</field>
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<field name="value">Universidad de Burgos. Departamento de Economía y Administración de Empresas</field>
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<field name="value">2025-09-04T21:34:39Z</field>
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environmental performance and corporate reputation. The research employs a multi-level approach,&#xd;
analyzing CE at macroeconomic, meso-economic, and microeconomic levels using both well-known&#xd;
indicators and novel data sources such as social media analytics.&#xd;
Chapter 1 evaluates the relationship between CE strategies—renewable energy, reuse and sharing,&#xd;
repair and remanufacturing, and recycling—and their effects on SD in 25 European countries from&#xd;
2010 to 2019. Using principal component analysis (PCA) and panel data methodology, the study finds&#xd;
that CE strategies correlate with lower unemployment (social dimension), reduced greenhouse gas&#xd;
(GHG) emissions (environmental dimension), and higher GDP per capita (economic dimension).&#xd;
However, the effects vary: renewable energy and reuse/sharing significantly reduce environmental&#xd;
impact, while recycling has negligible effects, and repair activities unexpectedly increase emissions.&#xd;
Chapter 2 assesses CE relevance in German companies through LinkedIn data. The study tracks CErelated company profiles across Germany’s 16 federal states, revealing a 36.34% increase in CE-active&#xd;
firms within one year. The analysis highlights that industries such as environmental services,&#xd;
management consulting, and IT play a crucial role in CE adoption. However, a predominant focus on&#xd;
recycling emerges, despite its limited macroeconomic impact.&#xd;
Chapter 3 extends the LinkedIn analysis to CE professionals across Austria, Cyprus, Germany, and&#xd;
Greece. A dataset of 3,245 profiles provides insights into demographic characteristics, specializations,&#xd;
job positions, and employers. The findings show that men tend to use more keywords in their profiles,&#xd;
correlating with higher follower counts. Additionally, over 500 unique job titles related to CE are&#xd;
identified, with key employers including BASF (Germany) and the Circular Economy Alliance&#xd;
(Cyprus).&#xd;
Chapter 4 explores the microeconomic effects of CE strategies on corporate environmental&#xd;
performance and reputation. Based on a panel dataset of 67 multinational companies across 12&#xd;
countries from 2015 to 2023, the results show that renewable energy adoption enhances both&#xd;
environmental performance (lower emissions, reduced energy consumption) and corporate reputation.&#xd;
In contrast, recycling improves energy efficiency but does not significantly impact emissions or&#xd;
reputation. The study also highlights the risks of sustainability policies that fail to yield tangible&#xd;
environmental benefits while strengthening corporate reputation, underscoring the potential for&#xd;
greenwashing.&#xd;
This thesis contributes to CE and business research by integrating macro-, meso-, and micro-level&#xd;
analyses. It provides empirical evidence that CE can drive sustainable development but emphasizes the&#xd;
need for a holistic approach beyond recycling. The research also offers practical implications for&#xd;
companies and policymakers, advocating for stricter sustainability regulations and more&#xd;
comprehensive CE strategies to maximize economic, environmental, and reputational benefits.</field>
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