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Corporate Digital Transformation and Sustainable Business Strategies in Emerging Markets

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (30 June 2023) | Viewed by 6136

Special Issue Editors


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Guest Editor
School of Accounting, Finance and Economics, University of Waikato, Hamilton 3216, New Zealand
Interests: financial management; international finance; corporate finance; corporate governance; behavioral finance; behavioral management

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Guest Editor
Department of Finance, Rennes School of Business 2, Rue Robert D'arbrissel - CS 76522, CEDEX, 35065 Rennes, France
Interests: financial management; corporate finance; corporate governance; financing policies; firm performance; sustainability

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Guest Editor
School of Economics, Zhejiang University, Hangzhou 310000, China
Interests: financial economics; empirical asset pricing; behavioral finance; emerging markets; corporate finance

Special Issue Information

Dear Colleagues,

The world has witnessed many changes associated with industrial development and technological transformations throughout the years, and marketplaces are now encountering volatility, uncertainty, complexity, and ambiguity, which are the primary drivers of the phenomenon known as digital transformation (George and Schillebeeckx, 2022; Pan et al., 2022). Digitization is promoted as a method for hastening the transition to a more sustainable future. Companies may achieve their sustainability targets more quickly because to the efficiencies brought about by digital automation and the increased reach made possible by digital services (Li et al., 2022).

However, improving our future readiness means redirecting capital toward sustainable companies; governments incentivizing sustainable activities; customers showing preference for sustainable products and services; and employees demanding sustainable leadership (Ahsan et al., 2022). Organizations may need to integrate their digital transformation with sustainability goals, and their decisions must be data-driven. Addressing the significance of integrating sustainability strategies into digital transformation roadmaps entails thinking beyond profit and placing social and environmental considerations on the same footing with financial objectives. The fast digitisation catalysed by COVID-19 provides a chance for us to rethink how we make choices and utilize technology in new and relevant ways (Dash & Chakraborty, 2021). Enterprises that can leverage the power of data to develop more sustainable solutions have tremendous opportunities. Today's digital transformations must be purpose-driven, offering value to all stakeholders as a prerequisite for organizational success (Li et al., 2022).

As the digital economy quickly expands, digital transformation offers substantial opportunities to accelerate the transition to Industry 4.0. However, there are still obstacles to fully realizing the potential of digital transformation, particularly in emerging economies: for example, there are still significant infrastructural and access deficiencies and connectivity and access vary greatly among developing economies, with continuing differences across regions and socioeconomic groups (Dash and Chakraborty, 2021).

The Special Issue accepts both empirical and conceptual papers that offer theoretical and practical contributions to the areas of interest. The Special Issue accepts completed research papers using qualitative, quantitative, and mixed research methods. Contributors are encouraged, but not confined, to focus on the following areas:

  • Corporate digitalization transformation and corporate social sustainability;
  • Technology and corporate sustainability;
  • Corporate sustainable strategies;
  • Integration of corporate digitalization and sustainable strategies in emerging economies;
  • Technology, sustainable development, and corporate governance;
  • The role of business, government, and society in addressing digitalization and sustainability challenges.

I look forward to receiving your contributions.

Dr. Sultan Sikandar Mirza
Dr. Tanveer Ahsan
Dr. Muhammad Usman Khurram
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • corporate digitalization
  • business strategy and practice
  • corporate sustainable strategies
  • emerging economies
  • digital transformation
  • sustainable governance practices

Published Papers (2 papers)

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Research

18 pages, 773 KiB  
Article
Research on the Impact of Enterprise Digital Transformation on Internal Control
by Chenxi Wang, Deli Wang, Xincai Deng and Shun Wang
Sustainability 2023, 15(10), 8392; https://doi.org/10.3390/su15108392 - 22 May 2023
Cited by 3 | Viewed by 1882
Abstract
Digital transformation is a crucial strategy for enterprises to achieve improvements in quality, efficiency, and dynamism. It represents the key direction for enterprise innovation and reform, and it is also of great significance for promoting high-quality economic development. While the previous research has [...] Read more.
Digital transformation is a crucial strategy for enterprises to achieve improvements in quality, efficiency, and dynamism. It represents the key direction for enterprise innovation and reform, and it is also of great significance for promoting high-quality economic development. While the previous research has shown that digital transformation can affect business efficiency, performance, and corporate governance, there is a lack of literature clearly linking digital transformation to internal control. To determine whether enterprise digital transformation impacts the constructions and implementation of internal control, we analyze data from Shanghai and Shenzhen A-share listed companies between 2012 and 2019. Our study found that the extent of digital transformation in enterprises has a positive impact on the establishment and effectiveness of internal control. Furthermore, we examine the role of market competition in the relationship between the digital transformation and internal control. We found that the impact of digital transformation on internal control is limited in enterprises with relatively mild market competition, while in more fiercely competitive markets, the positive impact of digital transformation on internal control is more pronounced. Full article
19 pages, 1652 KiB  
Article
Strategic Orientation, Dynamic Capabilities, and Digital Transformation of Commercial Banks: A Fuzzy-Set QCA Approach
by Songsong Cheng, Qunpeng Fan and Minghao Huang
Sustainability 2023, 15(3), 1915; https://doi.org/10.3390/su15031915 - 19 Jan 2023
Cited by 8 | Viewed by 3139
Abstract
Digital transformation is a critical challenge for commercial banks to achieve sustainable competitive advantages in the digital economy. However, conventional research focuses too much on constructing linear models to explain the non-linear relationships between and among the factors relevant to digital transformation. By [...] Read more.
Digital transformation is a critical challenge for commercial banks to achieve sustainable competitive advantages in the digital economy. However, conventional research focuses too much on constructing linear models to explain the non-linear relationships between and among the factors relevant to digital transformation. By adopting the configurational framework, we propose that the interactions between strategy and dynamic capabilities determine the paths of how digital transformation may succeed or fail. The fuzzy-set qualitative comparative analysis (fsQCA) of digital transformation practices by Chinese commercial banks shows that: (1) a single condition of strategic orientation or dynamic capabilities does not constitute the necessary condition for high digital transformation, yet market orientation plays a more general role in generating high digital transformation. (2) There are three configurational paths that can contribute to high digital transformation of commercial banks, such as sensing capability-driven paths dominated by strategic orientation, integrating capability-driven paths dominated by strategic orientation, and the market orientation-driven paths dominated by dynamic capabilities. (3) There are two configurational paths that lead to non-high digital transformation, which verifies the existence of the asymmetrical relationship compared to the configurational paths of high digital transformation; (4) In the pathways dominated by strategic orientation, there is a substitutive relationship between sensing capability and integrating capability. The findings make contributions to the literature on digital transformation and provide implications for the digital transformation of commercial banks. Full article
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