M. Fülöp, D. Topor, C. Ionescu, Sorinel Căpușneanu, Teodora Odett Breaz, S. Stanescu
No dеvеloрmеnt in rеcеnt уеаrs hаs chаngеd comраniеs аnd othеr orgаnizаtions аs much аs digitizаtion bеcаusе it аffеcts a wide vаriеty of аrеаs, including finаncе, accounting, and auditing. Howеvеr, thе currеnt system of аccounting digitizаtion аnd аutomаtion in comраniеs is vеrу diffеrеnt. Although somе comраniеs аrе аdvаncеd in this rеgаrd, othеrs аrе onlу just bеginning thеir digitizаtion аnd аutomаtion еfforts. This studу еxаminеs thе stаtus quo аnd dеvеloрmеnt tеndеnciеs of digitizаtion in аccounting аs wеll аs thе rеsрonsibilitiеs of imрlеmеntаtion for аccounting digitizаtion. For thе еmрiricаl study, we аррlу thе tеchnologу аccерtаncе modеl (TАM) combinеd with trust аnd реrcеivеd risk аs а thеorеticаl bаsis to аnаlуzе рrofеssionаl аccountаnts’ реrcерtions rеgаrding thе digitаlizаtion of аccounting finаncе аctivitу (fintеch аccounting). The results indicate that the user trusts and uses the information gathered and uses the usability of the usability of аdoрting digitаl sеrvicеs. In the present case, the risk fаctor did not аffеct thе реrcеivеd use of digitаl sеrvicеs. However, реrcеivеd usеfulnеss did not influence the аttituds of the rеsрondеnts to make the use of digitаl sеrvicеs. Thus, the prеsеnt study contributes to реrsреctivеs on thе еvolution of digitаlizаtion in the accounting profession while highlighting trеnds in thе usе of tеchnologiеs provided to рrofеssionаl аccountаnts bу Industrу 4.0.
{"title":"FINTECH ACCOUNTING AND INDUSTRY 4.0: FUTURE-PROOFING OR THREATS TO THE ACCOUNTING PROFESSION?","authors":"M. Fülöp, D. Topor, C. Ionescu, Sorinel Căpușneanu, Teodora Odett Breaz, S. Stanescu","doi":"10.3846/jbem.2022.17695","DOIUrl":"https://doi.org/10.3846/jbem.2022.17695","url":null,"abstract":"No dеvеloрmеnt in rеcеnt уеаrs hаs chаngеd comраniеs аnd othеr orgаnizаtions аs much аs digitizаtion bеcаusе it аffеcts a wide vаriеty of аrеаs, including finаncе, accounting, and auditing. Howеvеr, thе currеnt system of аccounting digitizаtion аnd аutomаtion in comраniеs is vеrу diffеrеnt. Although somе comраniеs аrе аdvаncеd in this rеgаrd, othеrs аrе onlу just bеginning thеir digitizаtion аnd аutomаtion еfforts. This studу еxаminеs thе stаtus quo аnd dеvеloрmеnt tеndеnciеs of digitizаtion in аccounting аs wеll аs thе rеsрonsibilitiеs of imрlеmеntаtion for аccounting digitizаtion. For thе еmрiricаl study, we аррlу thе tеchnologу аccерtаncе modеl (TАM) combinеd with trust аnd реrcеivеd risk аs а thеorеticаl bаsis to аnаlуzе рrofеssionаl аccountаnts’ реrcерtions rеgаrding thе digitаlizаtion of аccounting finаncе аctivitу (fintеch аccounting). The results indicate that the user trusts and uses the information gathered and uses the usability of the usability of аdoрting digitаl sеrvicеs. In the present case, the risk fаctor did not аffеct thе реrcеivеd use of digitаl sеrvicеs. However, реrcеivеd usеfulnеss did not influence the аttituds of the rеsрondеnts to make the use of digitаl sеrvicеs. Thus, the prеsеnt study contributes to реrsреctivеs on thе еvolution of digitаlizаtion in the accounting profession while highlighting trеnds in thе usе of tеchnologiеs provided to рrofеssionаl аccountаnts bу Industrу 4.0.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"24 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-10-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73437136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Digital transformation capability (DTC), as an important capability to use digital technology to innovate business and management models, enables retailers reduce costs, and enhance production. It is the main driving force for restructuring the business ecosystem of retailers. To develop the DTC of retailers, an index system is required to provide capability standards. Hence, the construction of an index system for retailers’ DTC is of important research value. However, there are few studies on the DTC of retailers, and no representative capability model or index system has been formed. Therefore, based on the definition of related concepts of DTC and literature review, this paper puts forward the research proposition of “index system for retailers’ DTC”, aiming to build an operable and applicable index system. According to the research process of the Delphi method, the present paper constructs an index system for retailers’ DTC through two rounds of expert consultations. The proposed system consists of three primary indices (e.g., technological change capability), 11 secondary indices (e.g., digital infrastructure) and 41 tertiary indices (e.g., datacenter), offering a capability development standard for the digital transformation of retailers. The research results also provide a reference for the digital transformation of retailers in the real world.
{"title":"A DELPHI-BASED INDEX SYSTEM FOR DIGITAL TRANSFORMATION CAPABILITY OF RETAILERS","authors":"Jianlin Pan, Jie Lin, Siwei Wang","doi":"10.3846/jbem.2022.17441","DOIUrl":"https://doi.org/10.3846/jbem.2022.17441","url":null,"abstract":"Digital transformation capability (DTC), as an important capability to use digital technology to innovate business and management models, enables retailers reduce costs, and enhance production. It is the main driving force for restructuring the business ecosystem of retailers. To develop the DTC of retailers, an index system is required to provide capability standards. Hence, the construction of an index system for retailers’ DTC is of important research value. However, there are few studies on the DTC of retailers, and no representative capability model or index system has been formed. Therefore, based on the definition of related concepts of DTC and literature review, this paper puts forward the research proposition of “index system for retailers’ DTC”, aiming to build an operable and applicable index system. According to the research process of the Delphi method, the present paper constructs an index system for retailers’ DTC through two rounds of expert consultations. The proposed system consists of three primary indices (e.g., technological change capability), 11 secondary indices (e.g., digital infrastructure) and 41 tertiary indices (e.g., datacenter), offering a capability development standard for the digital transformation of retailers. The research results also provide a reference for the digital transformation of retailers in the real world.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"31 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87586631","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Previous studies have shown the importance of gender diversity for good corporate governance, although in developing countries a gap is observed in correlating compliance with corporate governance principles and board composition. Our study examines the influence of the board composition, including female executives, on compliance with the corporate governance code of companies listed on the Bucharest Stock Exchange. By analysing data collected from the annual reports (corporate governance statements, financial statements) of 63 companies listed on the Romanian capital market between 2016 and 2019 (divided into two panels depending on the listing tier – Premium and Standard), we identified a positive relationship between female executive and the degree of compliance with the Corporate Governance Code. The national majority capital positively and significantly influences the compliance of companies with female executives listed in the Standard Tier with the Code, while the private majority capital negatively influences the compliance of the companies regardless the listing tier. Our study highlights the importance of female executives in the corporate governance of listed companies on the Romanian capital market and brings empirical contribution to the literature development on a newly declared emerging market.
{"title":"THE ROLE OF FEMALE EXECUTIVES ON CORPORATE GOVERNANCE CONFORMITY: A CROSS-SECTIONAL ANALYSIS IN AN EMERGENT MARKET","authors":"Tatiana Dănescu, Maria-Alexandra Popa","doi":"10.3846/jbem.2022.17164","DOIUrl":"https://doi.org/10.3846/jbem.2022.17164","url":null,"abstract":"Previous studies have shown the importance of gender diversity for good corporate governance, although in developing countries a gap is observed in correlating compliance with corporate governance principles and board composition. Our study examines the influence of the board composition, including female executives, on compliance with the corporate governance code of companies listed on the Bucharest Stock Exchange. By analysing data collected from the annual reports (corporate governance statements, financial statements) of 63 companies listed on the Romanian capital market between 2016 and 2019 (divided into two panels depending on the listing tier – Premium and Standard), we identified a positive relationship between female executive and the degree of compliance with the Corporate Governance Code. The national majority capital positively and significantly influences the compliance of companies with female executives listed in the Standard Tier with the Code, while the private majority capital negatively influences the compliance of the companies regardless the listing tier. Our study highlights the importance of female executives in the corporate governance of listed companies on the Romanian capital market and brings empirical contribution to the literature development on a newly declared emerging market.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"9 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85790902","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
M. Potkány, Simona Hašková, P. Lesníková, J. Schmidtová
The use of controlling in the business sphere is relatively broad and its essence can be perceived diversely by enterprises of different sectors and sizes. The aim of the research is to identify the current state of the use of controlling in Slovak manufacturing enterprises with an assessment of the perception of its essence in terms of capital structure and business performance measured by the Return on Sales (ROS). Total of 347 enterprises were asked by means of stratified sampling in 2020. Goodness-of-fit test was used when examining the representativeness of the research sample and for individual hypotheses the two-sample test of relative frequencies, relative frequency test, 95% interval estimates of relative frequencies, contingency and Pearson’s chi-square test were applied. Testing confirmed the existence of statistically significant correlation between the capital structure of manufacturing enterprises and the level of wider perception and practical use of the essence of controlling in relation to the performance measured by ROS. In conclusion is demonstrated that the potential of controlling in enterprises is not fully used, especially in the form of comprehensive secondary coordination of management and the possible directions of using it are outlined, with a positive impact on business performance.
{"title":"PERCEPTION OF ESSENCE OF CONTROLLING AND ITS USE IN MANUFACTURING ENTERPRISES IN TIME OF CRISIS: DOES CONTROLLING FULFILL ITS ESSENCE?","authors":"M. Potkány, Simona Hašková, P. Lesníková, J. Schmidtová","doi":"10.3846/jbem.2022.17391","DOIUrl":"https://doi.org/10.3846/jbem.2022.17391","url":null,"abstract":"The use of controlling in the business sphere is relatively broad and its essence can be perceived diversely by enterprises of different sectors and sizes. The aim of the research is to identify the current state of the use of controlling in Slovak manufacturing enterprises with an assessment of the perception of its essence in terms of capital structure and business performance measured by the Return on Sales (ROS). Total of 347 enterprises were asked by means of stratified sampling in 2020. Goodness-of-fit test was used when examining the representativeness of the research sample and for individual hypotheses the two-sample test of relative frequencies, relative frequency test, 95% interval estimates of relative frequencies, contingency and Pearson’s chi-square test were applied. Testing confirmed the existence of statistically significant correlation between the capital structure of manufacturing enterprises and the level of wider perception and practical use of the essence of controlling in relation to the performance measured by ROS. In conclusion is demonstrated that the potential of controlling in enterprises is not fully used, especially in the form of comprehensive secondary coordination of management and the possible directions of using it are outlined, with a positive impact on business performance.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"12 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-09-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87255357","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This study assesses the impact of the development of financial technology (FinTech) on the market power of traditional banks. We analyze the relationship between FinTech companies and traditional banks based on the barriers-to-entry theory, and verify the resulting hypothesis by using panel data from 155 Chinese commercial banks from 2013–2018. The benchmark results show that FinTech has a significant U-shaped effect on the market power of banks. Furthermore, the U-shaped effects remain robust when we focus on the technology and business innovation channels that affect banks. These effects vary across banks with different ownership structures and business segments. Specifically, municipal commercial banks are more likely to be influenced by business innovation than by technological innovation. By contrast, state-owned banks have advantages in using technological innovation to reacquire market power through loan services. Private banks, meanwhile, struggle to acquire any market power under intense competition from FinTech companies. Given that the FinTech may enable some banks overly dominate the banking industry at certain development stages, regulators and practitioners need to prevent monopoly-related problems and promote the digital transformation of small and medium-sized banks.
{"title":"DOES FINTECH CHANGE THE MARKET POWER OF TRADITIONAL BANKS IN CHINA?","authors":"Hanying Qi, Ken Yang, Weijia Wang","doi":"10.3846/jbem.2022.17184","DOIUrl":"https://doi.org/10.3846/jbem.2022.17184","url":null,"abstract":"This study assesses the impact of the development of financial technology (FinTech) on the market power of traditional banks. We analyze the relationship between FinTech companies and traditional banks based on the barriers-to-entry theory, and verify the resulting hypothesis by using panel data from 155 Chinese commercial banks from 2013–2018. The benchmark results show that FinTech has a significant U-shaped effect on the market power of banks. Furthermore, the U-shaped effects remain robust when we focus on the technology and business innovation channels that affect banks. These effects vary across banks with different ownership structures and business segments. Specifically, municipal commercial banks are more likely to be influenced by business innovation than by technological innovation. By contrast, state-owned banks have advantages in using technological innovation to reacquire market power through loan services. Private banks, meanwhile, struggle to acquire any market power under intense competition from FinTech companies. Given that the FinTech may enable some banks overly dominate the banking industry at certain development stages, regulators and practitioners need to prevent monopoly-related problems and promote the digital transformation of small and medium-sized banks.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"161 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72910575","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Trust plays an important role in social media communication. For companies, trust is an important determinant of successful online communication. Thus, there is a pressing need to understand consumers’ trust in the socially mediated environment This paper presents a research study focused on modelling trust dimensions on social media. The main objective of this research is to identify which dimensions of trust play the most significant role in building trust in communication on social media. The second objective is focused on the development and validation of the five-factor trust measurement scale. A questionnaire survey (n=1000) was used as a tool to gather data. Exploratory factor analysis, confirmatory factor analysis and multiple regression analysis were used for data analysis and modelling. The research findings provide a deeper understanding of the factors that influence trust in the context of social media communication and expand existing knowledge. The conducted research uncovers the main trust dimensions that can be used to influence consumers’ attitudes toward companies operating online. Our model can help companies shape their communication to the right tone by highlighting the crucial factors that have a direct influence on trust.
{"title":"MODELLING TRUST DIMENSIONS ON SOCIAL MEDIA","authors":"Michal Mičík, M. Gangur, Ludvík Eger","doi":"10.3846/jbem.2022.17387","DOIUrl":"https://doi.org/10.3846/jbem.2022.17387","url":null,"abstract":"Trust plays an important role in social media communication. For companies, trust is an important determinant of successful online communication. Thus, there is a pressing need to understand consumers’ trust in the socially mediated environment This paper presents a research study focused on modelling trust dimensions on social media. The main objective of this research is to identify which dimensions of trust play the most significant role in building trust in communication on social media. The second objective is focused on the development and validation of the five-factor trust measurement scale. A questionnaire survey (n=1000) was used as a tool to gather data. Exploratory factor analysis, confirmatory factor analysis and multiple regression analysis were used for data analysis and modelling. The research findings provide a deeper understanding of the factors that influence trust in the context of social media communication and expand existing knowledge. The conducted research uncovers the main trust dimensions that can be used to influence consumers’ attitudes toward companies operating online. Our model can help companies shape their communication to the right tone by highlighting the crucial factors that have a direct influence on trust.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"6 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86462244","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In a complex market environment with fierce competition, maintaining their current market positions is an important issue for electric power companies. Sustainable development not only requires them to pay attention to their current operating efficiencies but also to actively participate in environmental and social responsibilities to maintain their competitive advantages. This paper proposes a model for evaluating the sustainable development capacities of power companies. Firstly, the preliminary evaluation indicator system is constructed with the seven dimensions of production safety, public relations and social welfare, shareholder rights protection, environmental sustainability, employee rights protection, scientific research innovation ability, and financial status. Then, specific financial indicators are selected by CART to avoid indicator redundancies and the final evaluation indicator system is constructed. Finally, the relative proximity calculated by the TOPSIS method is applied to evaluate the sustainable development capacities. An empirical study of 18 listed electric power companies is conducted to verify the evaluation model. The results show that the performances of these companies in production safety and environmental sustainability are generally satisfactory, but the overall performances in public relations and social welfare, employee rights protection, and scientific research innovation ability are relatively poor, so these dimensions should be strengthened.
{"title":"APPLICATION OF DECISION TREE AND RELATIVE PROXIMITY TO EVALUATION OF SUSTAINABLE DEVELOPMENT CAPACITIES OF LISTED ELECTRIC POWER COMPANIES","authors":"Hao Mou, Xiaobo Tang, Hexuan Gao, Yalan Liu","doi":"10.3846/jbem.2022.17186","DOIUrl":"https://doi.org/10.3846/jbem.2022.17186","url":null,"abstract":"In a complex market environment with fierce competition, maintaining their current market positions is an important issue for electric power companies. Sustainable development not only requires them to pay attention to their current operating efficiencies but also to actively participate in environmental and social responsibilities to maintain their competitive advantages. This paper proposes a model for evaluating the sustainable development capacities of power companies. Firstly, the preliminary evaluation indicator system is constructed with the seven dimensions of production safety, public relations and social welfare, shareholder rights protection, environmental sustainability, employee rights protection, scientific research innovation ability, and financial status. Then, specific financial indicators are selected by CART to avoid indicator redundancies and the final evaluation indicator system is constructed. Finally, the relative proximity calculated by the TOPSIS method is applied to evaluate the sustainable development capacities. An empirical study of 18 listed electric power companies is conducted to verify the evaluation model. The results show that the performances of these companies in production safety and environmental sustainability are generally satisfactory, but the overall performances in public relations and social welfare, employee rights protection, and scientific research innovation ability are relatively poor, so these dimensions should be strengthened.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"38 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78519447","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A. Mačiulytė-Šniukienė, Mindaugas Butkus, V. Davidavičienė
Core infrastructure, which covers transportation, information and communication (ICT), energy, water and sanitation systems, plays a significant role in economic growth. The development of core infrastructure – one of the European Union (EU) Cohesion Policy (CP) priorities – is heavily funded. However, it remains unclear whether these investments achieve the main aim, i.e. contribute to economic growth and convergence between EU countries and especially regions. A theoretical model addressing the identified issues is needed to assess the impact of infrastructure on economic growth and convergence comprehensively and as accurately as possible. To reach this aim, first, we have disclosed the definition of infrastructure and its structure. Also, we discussed different approaches to the relationship between infrastructure and economic growth. We developed a theoretical model for evaluating infrastructure impact on economic growth and convergence. Moreover, based on the neoclassical approach, we specified an econometric model that includes indicators of different types of infrastructure and assessed growth and convergence outcomes of infrastructure development. Even though we find that infrastructure positively affects growth and convergence, the estimated impact is not statistically significant except for some types of ICT and transport infrastructure.
{"title":"DEVELOPMENT OF THE MODEL TO EXAMINE THE IMPACT OF INFRASTRUCTURE ON ECONOMIC GROWTH AND CONVERGENCE","authors":"A. Mačiulytė-Šniukienė, Mindaugas Butkus, V. Davidavičienė","doi":"10.3846/jbem.2022.17140","DOIUrl":"https://doi.org/10.3846/jbem.2022.17140","url":null,"abstract":"Core infrastructure, which covers transportation, information and communication (ICT), energy, water and sanitation systems, plays a significant role in economic growth. The development of core infrastructure – one of the European Union (EU) Cohesion Policy (CP) priorities – is heavily funded. However, it remains unclear whether these investments achieve the main aim, i.e. contribute to economic growth and convergence between EU countries and especially regions. A theoretical model addressing the identified issues is needed to assess the impact of infrastructure on economic growth and convergence comprehensively and as accurately as possible. To reach this aim, first, we have disclosed the definition of infrastructure and its structure. Also, we discussed different approaches to the relationship between infrastructure and economic growth. We developed a theoretical model for evaluating infrastructure impact on economic growth and convergence. Moreover, based on the neoclassical approach, we specified an econometric model that includes indicators of different types of infrastructure and assessed growth and convergence outcomes of infrastructure development. Even though we find that infrastructure positively affects growth and convergence, the estimated impact is not statistically significant except for some types of ICT and transport infrastructure.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"142 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79097669","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
This research paper fills a literature gap by tapping into Europe’s Just Transition to green energy production and consumption models and introduces empirically derived trends. The mix of analysed variables was targeted at sustainable energy transformation models according to complementary economic research areas. Based on the clustered heat maps method, double dendrograms were constructed to identify socioeconomic and environmental patterns that characterize highly economic-efficient and sustainable transition patterns from the standard energy production and consumption model to the environmental-friendly and cost-efficient model in the European area. Results show that Austria, Denmark, Norway, Ireland, and Luxembourg followed the patterns of highly economically performant European countries that turned energy and resource productivity in their favour based on multiple factors: recycling, R&D, innovation, digitization. The opposite was observed in the case of many South-Eastern European countries. Robustness checks were performed based on the linear discriminant analysis methodology and results confirmed that Northern European countries lead the change to a more sustainable future. In this context, this research brings empirical results for decision-makers and aims to facilitate a better understanding for adapting policies according to national needs, as well as to the patterns of success identified in the case of European leaders.
{"title":"TRANSITION TO A SUSTAINABLE ENERGY PRODUCTION AND CONSUMPTION MODEL – MAPPING THE PATTERNS OF SUCCESS","authors":"Mioara Popescu, Marius Constantin, B. Chiripuci","doi":"10.3846/jbem.2022.17022","DOIUrl":"https://doi.org/10.3846/jbem.2022.17022","url":null,"abstract":"This research paper fills a literature gap by tapping into Europe’s Just Transition to green energy production and consumption models and introduces empirically derived trends. The mix of analysed variables was targeted at sustainable energy transformation models according to complementary economic research areas. Based on the clustered heat maps method, double dendrograms were constructed to identify socioeconomic and environmental patterns that characterize highly economic-efficient and sustainable transition patterns from the standard energy production and consumption model to the environmental-friendly and cost-efficient model in the European area. Results show that Austria, Denmark, Norway, Ireland, and Luxembourg followed the patterns of highly economically performant European countries that turned energy and resource productivity in their favour based on multiple factors: recycling, R&D, innovation, digitization. The opposite was observed in the case of many South-Eastern European countries. Robustness checks were performed based on the linear discriminant analysis methodology and results confirmed that Northern European countries lead the change to a more sustainable future. In this context, this research brings empirical results for decision-makers and aims to facilitate a better understanding for adapting policies according to national needs, as well as to the patterns of success identified in the case of European leaders.","PeriodicalId":47594,"journal":{"name":"Journal of Business Economics and Management","volume":"31 1","pages":""},"PeriodicalIF":2.6,"publicationDate":"2022-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89173353","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Alin Ionescu, A. Clipa, Elena-Sabina Turnea, C. Clipa, Maria Viorica Bedrule-Grigoruță, Steffen Roth
This article is concerned with the impact of corporate digitalization on the corporate sustainability performance and with barriers and supportive institutional frameworks for corporate digital technology adaptation. Collected from big data sets such as the Digital Economy and Society Index (DESI) country reports and the Global Innovation Index (GII), our study draws on data from 29 European countries. A series of multiple linear regressions was run to select the most relevant predictors of corporate digital technology adaptation. The results suggest that Rule of Law, Government Effectiveness and Ease of Starting a Business are the institutional framework pillars that best predict corporate digital technology adaptation levels. Our findings further show that high levels of corporate digital technology adaptation occur where institutional frameworks are well-integrated across several social domains (economy, politics, legal system, etc.). We conclude by highlighting implications for the design of digital policies aiming at a strategic integration of digital technology adaptation and corporate sustainability.
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