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JCR Category: Business in ESCI edition

Entrepreneurship and Sustainability Issues Open access
Journal Impact FactorTM (2023) 1.2 Q4
Journal Citation IndicatorTM (2023) 0.33 Q3
Received: 2022-09-18  |  Accepted: 2022-12-07  |  Published: 2022-12-30

Title

Stock price trend of selected companies applying the principles of circular economy


Abstract

This paper aims to establish whether there is a relationship between applying the circular economy (CE) principles and the stock prices of selected companies. In addition, a market capitalization change of the companies over ten years since the implementation of CE principles. Correlation analysis and comparison methods are used for this study. The results show that the application of CE principles does not adversely impact the selected companies' stock prices. This finding can help companies to determine whether they should implement these sustainability principles into their corporate cultures. Furthermore, it was established that the business development of the selected companies over the ten years since the implementation of CE principles had been positive for all studied entities but varied considerably. However, it needs to be clarified whether the application of CE principles is responsible for this positive trend. It would be useful to extend this research with further studies.


Keywords

stock, stock price, circular economy (CE), market capitalization, trend/development


JEL classifications

M21


URI

http://jssidoi.org/jesi/article/1036


DOI


Pages

448-463


Funding

This research was supported by the project, which has received funding from the Institute of Technology and Business. Grant Number IVSUZO001 “Benchmark of the world economy in the context of the principles of the circular economy and determining the value of the company“.

This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License

Authors

Horák, Jakub
Institute of Technology and Business in České Budějovice, České Budějovice, Czech Republic https://www.vstecb.cz
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Rousek, Pavel
Institute of Technology and Business in České Budějovice, České Budějovice, Czech Republic https://www.vstecb.cz
Articles by this author in: CrossRef |  Google Scholar

Opálka, Václav
Institute of Technology and Business in České Budějovice, České Budějovice, Czech Republic https://www.vstecb.cz
Articles by this author in: CrossRef |  Google Scholar

Journal title

Entrepreneurship and Sustainability Issues

Volume

10


Number

2


Issue date

December 2022


Issue DOI


ISSN

ISSN 2345-0282 (online)


Publisher

VšĮ Entrepreneurship and Sustainability Center, Vilnius, Lithuania

Cited

Google Scholar

Article views & downloads

HTML views: 1515  |  PDF downloads: 511

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