Economía Circular en las Emisiones de Carbono de Empresas Cotizan en Bolsa Circular Economy on Carbon Emissions in Listed Companies
Contenido principal del artículo
Resumen
El estudio tiene como objetivo determinar el impacto de las prácticas de Economía Circular (EC) adoptadas por empresas cotizadas en la Bolsa Mexicana de Valores (BMV) sobre las emisiones de carbono. La relación entre estas variables ha sido escasamente explorada, lo que destaca la originalidad de esta investigación. Utilizando un enfoque cuantitativo, se emplea una regresión lineal múltiple donde las emisiones de carbono son la variable dependiente, y las prácticas de EC como Reusar, Reciclar y Reducir actúan como variables independientes. Los resultados indican que dichas prácticas de EC influyen positivamente en la reducción de emisiones de carbono. Además, los hallazgos sugieren que la divulgación de carbono por parte de estas empresas también contribuye a la disminución de emisiones. Este análisis transversal se basa en datos del año 2020, lo que implica ciertas limitaciones, ya que no permite observar tendencias temporales de los efectos identificados.
Detalles del artículo

Esta obra está bajo una licencia internacional Creative Commons Atribución-NoComercial 4.0.
Citas
M. (2011). The Future of Resource-Based Theory: Revitalization or Decline? Journal of Management, 37(5), 1299–1315. https://doi.org/10.1177/0149206310391805
Bauckloh, T., Klein, C., Pioch, T., & Schiemann, F. (2022). Under Pressure? The Link Between Mandatory Climate Reporting and Firms’ Carbon Performance. Organization and Environment. https://doi.org/10.1177/10860266221083340
Boakye, D. J., Tingbani, I., Ahinful, G. S., & Nsor-Ambala, R. (2021). The Relationship Between Environmental Management Performance and Financial Performance of Firms Listed in the Alternative Investment Market (AIM) in the UK. Journal of Cleaner Production, 278. https://doi.org/10.1016/j.jclepro.2020.124034
Burgos, P., Marquez, A., Baquerizo, B., Dolores, N., Alejandro, F., & Esmeralda, G. (2019). Métodos y Técnicas en la Cualitativa. Algunas Precisiones Necesarias. Revista Conrado, 15(70), 455–459. http://conrado.ucf.edu.cu/index.php/conrado
Busch, T., Johnson, M. P., & Schnippering, M. (2022). A Change Will Do You Good: Does Continuous Environmental Improvement Matter? Organization and Environment, 35(4). https://doi.org/10.1177/10860266221107648
Cameron, A. C., & Trivedi, P. K. (2010). Microeconometrics using Stata. In Stata Press.
Carroll, A. B. (2021). Corporate Social Responsibility: Perspectives on the CSR Construct’s Development and Future. Business and Society, 60(6), 1258–1278. https://doi.org/10.1177/00076503211001765
Chen, P. (2024). The Spatial Impacts of The Circular Economy on Carbon Intensity - New Evidence From The Super-Efficient SBM-DEA Model. Energy & Environment, 35(1), 47–63. https://doi.org/10.1177/0958305X221125125
Chiappetta Jabbour, C. J., de Camargo Fiorini, P., Wong, C. W. Y., Jugend, D., Lopes de Sousa Jabbour, A. B., Roman Pais Seles, B. M., & Ribeiro da Silva, H. M. (2020). Exploring The Impact of Circular Economy Practices on Ecological Footprint, Inflation Rate, and Renewable Energy Consumption: Evidence from G20 economies. Resource Policy, 66, 101596. https://doi.org/10.1016/j.resourpol.2020.101596
Clavijo M., J. A., & Granada D., H. A. (2016). Una Técnica de Clasificación con Variables Categóricas. Ciencia en Desarrollo, 7(1). https://doi.org/10.19053/01217488.4226
Collier, T. (2015). Review of Alan Acock’s a Gentle Introduction to Stata. In Stata Journal 15(2). https://doi.org/10.1177/1536867x1501500216
De Pascale A. et al. (2021). A Systematic Review for Measuring Circular Economy: The 61 indicators. Cleaner Productions, 281(124942), 1–49. https://doi.org/https://doi.org/10.1016/j.jclepro.2020.124942
Dey, P. K., Malesios, C., De, D., Budhwar, P., Chowdhury, S., & Cheffi, W. (2020). Circular Economy to Enhance Sustainability of Small And Medium-Sized Enterprises. Business Strategy and the Environment, 29(6), 2145-2169. https://doi.org/10.1002/bse.2492.
Didenko, N. I., Klochkov, Y. S., & Skripnuk, D. F. (2018). Ecological Criteria for Comparing Linear and Circular Economies. Resources, 7(3). https://doi.org/10.3390/resources7030048
Dimitrova, T., Ilieva, I., & Angelova, M. (2022). Exploring Factors Affecting Sustainable Consumption Behavior. Administrative Sciences, 12(4). https://doi.org/10.3390/admsci12040155
Donaldson, T., & Preston, L. E. (1995). The Stakeholder Theory of the Corporation: Concepts, Evidence, and Implications. In Source: The Academy of Management Review. 2(1). https://doi.org/10.2307/258887
Freeman, R. E. (1984). Strategic Management: A Stakeholder Approach. Pitman. https://doi.org/https://dx.doi.org/10.1017/CBO9781139192675
Greene, W. H. (2003). Econometric Analysis. Prentice Hall. https://doi.org/https://doi.org/10.1007/s00362-010-0315-8
Hailemariam, A., & Erdiaw-Kwasie, M. O. (2022). Towards a Circular Economy: Implications for Emission Reduction and Environmental Sustainability. Business Strategy and the Environment. https://doi.org/10.1002/bse.3229
Hart S. L. (1995). A Natural-Resource-Based View of The Firm. Academy of Management Review, 20(4), 986–1014. https://doi.org/https://doi.org/10.5465/amr.1995.9512280033
Helfat, C. E., & Peteraf, M. A. (2003). The Dynamic Resource-Based View: Capability Lifecycles. Strategic Management Journal, 24(10 SPEC ISS.), 997–1010. https://doi.org/10.1002/smj.332
Khalil, M. A., Khalil, R., & Khalil, M. K. (2022). Environmental, Social and Governance (ESG) - Augmented Investments in Innovation and Firms’ Value: a Fixed-Effects Panel Regression of Asian Economies. China Finance Review International. https://doi.org/10.1108/CFRI-05-2022-0067
Khalil, M. A., & Nimmanunta, K. (2021). Conventional Versus Green Investments: Advancing Innovation for Better Financial And Environmental Prospects. Journal of Sustainable Finance and Investment. https://doi.org/10.1080/20430795.2021.1952822
Lin, Z., Liao, X., & Yang, Y. (2023). China’s Experience in Developing Green Finance to Reduce Carbon Emissions: From Spatial Econometric Model Evidence. Environmental Science and Pollution Research, 30(6). https://doi.org/10.1007/s11356-022-23246-8
Lopes de Sousa Jabbour, A. B., Chiappetta Jabbour, C. J., Sarkis, J., Latan, H., Roubaud, D., Godinho Filho, M., & Queiroz, M. (2021). Fostering Low-Carbon Production And Logistics Systems: Framework and Empirical Evidence. International Journal of Production Research, 59(23). https://doi.org/10.1080/00207543.2020.1834639
Loyola Gonzales, R. (2022). Economía Circular: ¿Un Nuevo Paradigma en la Economía? Circular Economy: A New Paradigm in Economics? Ambiente, Comportamiento y Sociedad, 4(2), 118–133. https://doi.org/10.51343/racs.v4i2.854
Lu, W., Zhu, N., & Zhang, J. (2021). The Impact Of Carbon Disclosure on Financial Performance Under Low Carbon Constraints. Energies, 14(14). https://doi.org/10.3390/en14144126
Margolis, J. D., Walsh, J. R., Adler, P., Aldrich, H., Andreasen, A., Austin, J., Behling, C., Cohen, M., Dolan, B., Gentile, M., Gladwin, T., Hansen, M., Hart, S., Hsieh, N.-H., Lim, L., Nohria, N., Paine, L., Pesyna, G., Phillips, R., … Wolfe, R. (2003). Misery Loves Companies: Rethinking Social Initiatives by Business. https://doi.org/10.2307/3556659
McDougall, N., Wagner, B., & MacBryde, J. (2022). Competitive benefits & Incentivization at Internal, Supply Chain & Societal Level Circular Operations in UK agri-food SMEs. Journal of Business Research, 144. https://doi.org/10.1016/j.jbusres.2022.02.060
Opoku, E. E. O., & Boachie, M. K. (2020). The Environmental Impact of Industrialization and Foreign Direct Investment. Energy Policy, 137. https://doi.org/10.1016/j.enpol.2019.111178
Reyna-Castillo, M. (2019). Conciliación Ontológica para la Sustentabilidad Social Corporativa. [Ontological Reconciliation For Corporate Social Sustainability.]. XXIV Congreso internacional de Contaduría, Administración e Informática. https://www.researchgate.net/publication/362324860
Reyna-Castillo, M., Vera Martínez, P. S., Farah-Simón, L., & Simón, N. (2023). Social Sustainability Orientation and Supply Chain Performance in Mexico, Colombia, and Chile: A Social-Resource-Based View (SRBV).Sustainability (Switzerland), 15(4). https://doi.org/10.3390/su15043751
Rivas-Tovar L. A. (2024). Normas Apa 7ª Edición: Estructura, Citas y Referencias. Instituto Politécnico Nacional.https://www.researchgate.net/publication/357046089_NORMAS_APA_7_EDICION_ESTRUCTURA_CITAS_Y_REFERENCIAS
Rodríguez, M., & Pena-Boquete, Y. (2017). Carbon Intensity Changes in the Asian Dragons. Lessons for Climate Policy Design. Energy Economics, 66. https://doi.org/10.1016/j.eneco.2017.05.028
Rodríguez-Espíndola, O., Cuevas-Romo, A., Chowdhury, S., Díaz-Acevedo, N., Albores, P., Despoudi, S., Malesios, C., & Dey, P. (2022). The Role of Circular Economy Principles and Sustainable-Oriented Innovation to Enhance Social, Economic And Environmental Performance: Evidence from Mexican SMEs. International Journal of Production Economics, 248. https://doi.org/10.1016/j.ijpe.2022.108495
Ruiz Huaraz, C. B., & Valenzuela Ramos, M. R. (2022). Metodología de la Investigación. Universidad Nacional Autónoma de Tayacaja Daniel Hernández Morillo (UNAT) - Fondo Editorial. https://doi.org/10.56224/EdiUnat.4
Scarlat, N., Prussi, M., & Padella, M. (2022). Quantification of the Carbon Intensity of Electricity Produced and Used in Europe. Applied Energy, 305. https://doi.org/10.1016/j.apenergy.2021.117901
Schmidt, C. V. H., Kindermann, B., Behlau, C. F., & Flatten, T. C. (2021). Understanding the Effect of Market Orientation on Circular Economy Practices: the Mediating Role of Closed-Loop Orientation in German SMEs. Business Strategy and the Environment, 30(8). https://doi.org/10.1002/bse.2863
Senado de la República. (2021). Ley General de Economía Circular. In Senado de la República de los Estados Unidos Mexicanos. https://doi.org/https://doi.org/10.7767/jbla.2005.42.1.243
Siddique, M. A., Akhtaruzzaman, M., Rashid, A., & Hammami, H. (2021). Carbon Disclosure, Carbon Performance and Financial Performance: International Evidence. International Review of Financial Analysis, 75. https://doi.org/10.1016/j.irfa.2021.101734
Studenmund, A. H. (2017). A Practical Guide to Using Econometrics. In Pearson Education Limited. https://doi.org/10.4324/9780429024429 http://lms.aambc.edu.et:8080/xmlui/bitstream/handle/123456789/238/AHStudenmund-UsingEconometrics_APracticalGuide-Pearson2013.pdf?sequence=1
Tate, W. L., & Bals, L. (2018). Achieving Shared Triple Bottom Line (TBL) Value Creation: Toward a Social Resource-Based View (SRBV) of the Firm. Journal of Business Ethics, 152(3), 803–826. https://doi.org/10.1007/s10551-016-3344-y
Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic Capabilities and Strategic Management. Strategic Management Journal, 18(7), 509–533. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z
Wernerfelt, B. (1984). A Resource-Based View of the Firm. Strategic Management Journal, 5(2), 171–180. https://doi.org/10.1002/smj.4250050207
Wooldridge, J. (2010a). Introducción a la Econometría. In CENGAGE Learning. https://www.academia.edu/21691589/Introducci%C3%B3n_A_La_Econometr%C3%ADa_4edi
Yadav, R., Chaudhary, N. S., Kumar, D., & Saini, D. (2022). Mediating and Moderating Variables of Employee Relations and Sustainable Organizations: A Systematic Literature Review And Future Research Agenda. In International Journal of Organizational Analysis. https://doi.org/10.1108/IJOA-12-2021-3091