A Literature Review of Institutional Performance and Circular Economy

Abstract

In recent times, there has been notable advancement in the exploration of the circular economy concept. The challenges posed by the global crises generated by the pandemics and wars have underscored the importance of comprehending and adopting new consumption patterns guided by the principles of Reduce-Reuse-Recycle-Recover, as well as streamlining distribution networks. The key research areas pertaining to the circular economy continually evolve. This study conducts a bibliographic analysis based on 2430 research papers indexed in Clarivate Web of Science Core Collection from 1985 to 2023. The bibliometric examination specifically focuses on the economic aspects of the circular economy, and the hierarchical investigation enables the creation of a treemap that captures the most frequently explored research themes. The findings reveal a close association between circular economy research and sustainable development, business performance, breakthroughs in industrial advancements, research on environmental impact, and human involvement in supply chain management.

Keywords

• circular economy
• institutional performance
• bibliometric analysis
• treemap hierarchical analysis