Beyond Compliance: How Board-Ownership Structures and Eco-Technology Intensity Drive Circular Economy Performance in MENA Firms

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dc.authorid0000-0003-3486-693X
dc.authorid0000-0001-6914-6639
dc.contributor.authorKaoDui, Li
dc.contributor.authorKongkuah, Maxwell
dc.contributor.authorAlessa, Noha
dc.date.accessioned2026-02-03T12:03:18Z
dc.date.available2026-02-03T12:03:18Z
dc.date.issued2025
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractAs global environmental challenges intensify and resource scarcity deepens, firms in emerging economies face mounting pressure to adopt sustainable and circular business models. In this context, the role of corporate governance in enabling circular economy (CE) transformation has become increasingly critical, yet remains underexplored-particularly in the Middle East and North Africa (MENA) region. This study investigates the impact of board-ownership dynamics on CE performance, with a specific focus on the moderating role of eco-technology intensity among listed manufacturing firms. Grounded in agency theory and the resource-based view, the research proposes an integrated framework that links internal governance attributes and ownership structures with firm-level CE outcomes. Using panel data from 447 firms across MENA countries between 2010 and 2022, the study employs system and difference Generalized Method of Moments (GMM) estimators to address endogeneity and firm-level heterogeneity. The results reveal that gender and age diversity, independent directors, managerial, and institutional ownership significantly enhance CE performance, while CEO duality and foreign ownership undermine it. Family ownership shows no significant effect. Notably, eco-technology intensity strengthens the influence of effective governance while mitigating the drawbacks of weaker structures. Heterogeneity analysis further indicates that the governance-CE relationship varies across regional (Middle East vs. North Africa) and production process contexts. These findings contribute to the theoretical advancement of governance and sustainability literature and offer actionable insights for firms, regulators, and policymakers committed to driving CE transitions in emerging markets.
dc.description.sponsorshipNational Social Science Foundation of China [PNURSP2025R391]
dc.description.sponsorshipPrincess Nourah bint Abdulrahman University Researchers Supporting Project
dc.description.sponsorshipPrincess Nourah bint Abdulrahman University, Riyadh, Saudi Arabia
dc.description.sponsorshipPrincess Nourah bint Abdulrahman University Researchers Supporting Project number (PNURSP2025R391), Princess Nourah bint Abdulrahman University, Riyadh, Saudi Arabia.
dc.identifier.doi10.1002/csr.70045
dc.identifier.endpage6679
dc.identifier.issn1535-3958
dc.identifier.issn1535-3966
dc.identifier.issue5
dc.identifier.scopus2-s2.0-105009861786
dc.identifier.scopusqualityQ1
dc.identifier.startpage6658
dc.identifier.urihttps://doi.org/10.1002/csr.70045
dc.identifier.urihttps://hdl.handle.net/20.500.12428/35011
dc.identifier.volume32
dc.identifier.wosWOS:001522736500001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherWiley
dc.relation.ispartofCorporate Social Responsibility and Environmental Management
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20260130
dc.subjectboard-ownership dynamics
dc.subjectcircular economy
dc.subjectcorporate sustainability
dc.subjecteco-technology intensity
dc.subjectMENA
dc.subjectSDGs 12
dc.titleBeyond Compliance: How Board-Ownership Structures and Eco-Technology Intensity Drive Circular Economy Performance in MENA Firms
dc.typeArticle

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