Artikel

Digital transformation, financial performance and sustainability: Evidence for European Union listed companies

This paper aims to discuss the digitalization of European listed companies in the context of the European Green Deal. The digital transformation can support companies in the field of corporate social responsibility, particularly in terms of environmental protection. Companies' digitalization may have a beneficial impact by adopting 'smart' technologies that allow for the efficient use of natural resources and the reduction of pollution, enabling the transformation of business models into sustainable ones within the circular and digitized economy. Based on a large sample of companies listed on the main European Union financial markets, this paper aimed at analysing the extent to which digitalization efforts are part of the companies' general tendencies of becoming good corporate citizens, especially in regard to environmental protection. The study also showed that digitalization efforts are rewarded in financial markets, with investors providing more capital to companies that digitize their activities and are more socially responsible.

Language
Englisch

Bibliographic citation
Journal: Amfiteatru Economic Journal ; ISSN: 2247-9104 ; Volume: 24 ; Year: 2022 ; Issue: 59 ; Pages: 94-109

Classification
Wirtschaft
Information and Internet Services; Computer Software
Business Administration: General
IT Management
Business Economics
Accounting: Other
Subject
digitalization of companies
digitalization index
Environmental
Social and Governance score
sustainable development
European Green Deal

Event
Geistige Schöpfung
(who)
Ionaşcu, Ion
Ionaşcu, Mihaela
Nechita, Elena
Săcărin, Marian
Minu, Mihaela
Event
Veröffentlichung
(who)
The Bucharest University of Economic Studies
(where)
Bucharest
(when)
2022

DOI
doi:10.24818/EA/2022/59/94
Handle
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Ionaşcu, Ion
  • Ionaşcu, Mihaela
  • Nechita, Elena
  • Săcărin, Marian
  • Minu, Mihaela
  • The Bucharest University of Economic Studies

Time of origin

  • 2022

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