This study explored circular economy (CE) performance in small‐ and medium‐sized enterprises (SMEs) in the tourism sector. The study's theoretical framework comprised value–belief–norm theory, institutional theory, upper echelon theory (UET), and the dynamic capabilities (DCs) approach. Empirical data from 286 Indian SMEs were analyzed using partial least squares structural equation modeling. The results indicated that personal norms, coercive pressures (CP), mimetic pressures (MP), and top management commitment toward the environment influenced CE performance through DCs. However, normative pressures (NP) did not significantly influence CE performance. DCs were a catalyst enabling individual beliefs, organizational factors, and external pressures to push SMEs toward a CE. Nevertheless, possibly due to insufficient resources, SMEs were reluctant in improving their CE performance. Policymakers and SME owners should therefore develop DCs in their organizations to achieve CE performance through appropriate resource assessment and design.

中文翻译：

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旅游业循环经济：综合理论视角下的机遇与挑战


本研究探讨了旅游行业中小型企业 (SME) 的循环经济 (CE) 绩效。该研究的理论框架包括价值-信念-规范理论、制度理论、高层理论(UET)和动态能力(DCs)方法。使用偏最小二乘结构方程模型分析了 286 家印度中小企业的经验数据。结果表明，个人规范、强制压力 (CP)、模仿压力 (MP) 和高层管理人员对环境的承诺通过 DC 影响 CE 绩效。然而，规范压力 (NP) 并未显着影响 CE 绩效。 DC 是一种催化剂，使个人信念、组织因素和外部压力能够推动中小企业走向 CE。然而，可能由于资源不足，中小企业不愿改善其CE绩效。因此，政策制定者和中小企业主应在其组织中发展 DC，通过适当的资源评估和设计来实现 CE 绩效。