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Sustainability
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Digital Transformation and Innovation for a Sustainable Future
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Digital Transformation and Innovation for a Sustainable Future

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: 9 June 2024 | Viewed by 2347

Special Issue Editors

Dr. Taewoo Roh

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Guest Editor
School of International Studies, Hanyang University, Seoul 04763, Republic of Korea
Interests: environmental sustainability; green management; global strategy; knowledge and innovation; business ethics
Special Issues, Collections and Topics in MDPI journals
Dr. Jinsup Jung

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Guest Editor
International Business, Chungbuk National University, Cheongju, Republic of Korea
Interests: business strategy; global business case; global strategic management
Special Issues, Collections and Topics in MDPI journals
Dr. Oh Suk Yang

E-Mail Website
Guest Editor
Division of Business Administration & Accounting, Kangwon National University, Chuncheon, Republic of Korea
Interests: digital transformation; knowledge transfer and creation in mNes; emerging market global companies; algorithm-based measurement of ESG
Special Issues, Collections and Topics in MDPI journals
Dr. Min-jae Lee

E-Mail Website
Guest Editor
Department of Global Business, Mokwon University, Daejeon, Republic of Korea
Interests: ESG; sustainable management; ecosystem strategy; digitalization capability and strategy
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

The proliferation of digitization has given rise to a myriad of products, services, and business model innovations, fundamentally transforming how firms pursue sustainability (Björkdahl, 2020; Mostaghel, Oghazi, Parida, & Sohrabpour, 2022). This digitalization revolution is not merely a passing trend but rather a transformative force with far-reaching implications for economic, social, and environmental sustainability (Lee & Roh, 2023b). As these innovations continue to permeate all facets of the business landscape, urgent research is required to delve into the driving factors behind digitalization-induced innovation and its consequent impact on sustainability (Lee & Roh, 2023a). This Special Issue aims to enhance the academic understanding of the interconnections among digitization, innovation, and sustainability by exploring pertinent case studies and offering theoretically grounded and empirically supported recommendations to bolster implementation and effectiveness. We hereby invite submissions from a diverse array of academic disciplines that share a common interest in advancing our knowledge of digital innovations and their implications for sustainability, encompassing strategic management, innovation and organization, business ethics, entrepreneurship, information systems, and beyond. Potential contributions may include, but are not limited to, the following topics:

  • Digitalization as a strategic action;
  • Sustainable growth through digitalization;
  • Digitalization-driven product and service innovation;
  • Sustainable business models in the digital era;
  • Digital-enabled innovation management for sustainability;
  • Digital innovation processes and sustainable practices;
  • Digital transformation and sustainable value creation;
  • Leveraging digitalization for sustainable competitive advantage;
  • Environmental and social impact of digitalization;
  • Integrating sustainability into digitalization strategies.

We look forward to receiving your contributions.

Dr. Taewoo Roh
Dr. Jinsup Jung
Dr. Oh Suk Yang
Dr. Min-jae Lee
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

  • digitization
  • digital transformation
  • digital innovation
  • digital innovation processes
  • digital sustainability

Published Papers (3 papers)

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Research

15 pages, 736 KiB  
Article
The Moderating Effect of ESG Level in the Relationship between Digital Transformation Capability and Financial Performance: Evidence from Foreign Subsidiaries of Korean Firms
by Ga-Rog Han and Jae-Eun Lee
Sustainability 2024, 16(9), 3764; https://doi.org/10.3390/su16093764 - 30 Apr 2024
Viewed by 343
Abstract
This study empirically analyzed the effect of digital transformation capability on the financial performance of foreign subsidiaries of Korean listed firms, focusing on the moderating effect of the ESG level. The results of an empirical analysis on data from 483 foreign subsidiaries of [...] Read more.
This study empirically analyzed the effect of digital transformation capability on the financial performance of foreign subsidiaries of Korean listed firms, focusing on the moderating effect of the ESG level. The results of an empirical analysis on data from 483 foreign subsidiaries of Korean listed firms collected through surveys from February to May 2021 are as follows. First, it was found that digital transformation capability had a positive effect on financial performance. Second, as a result of analyzing the moderating effect of the ESG level, it was found that the environmental (E) level and the social (S) level in ESG strengthened the positive relationship between digital transformation capability and financial performance. However, it was found that the level of governance (G) in ESG rather weakens the positive relationship between digital transformation capability and financial performance. The results of this study suggest that foreign subsidiaries need to actively build digital transformation capability in order to improve their financial performance. Since the results of this study suggest different moderating effects of ESG, practical implications can be suggested that foreign subsidiaries should consider the fact that different effects may occur for each ESG activity if they want to improve their financial performance through digital transformation capability. Full article
(This article belongs to the Special Issue Digital Transformation and Innovation for a Sustainable Future)
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20 pages, 784 KiB  
Article
How Could Digital Transformation Help Medium-Sized Enterprises Access Thailand’s New Capital Market Financing (LiVEx) to Support Sustainable Growth in the Digital Economy Era?
by Rhatsarun Tanapaisankit, Somboon Sirisunhirun, Somsak Amornsiriphong, Krish Rugchatjaroen and Phut Ploywan
Sustainability 2024, 16(8), 3470; https://doi.org/10.3390/su16083470 - 21 Apr 2024
Viewed by 448
Abstract
In today’s modern era, digital transformation serves as a crucial element for organizations to gain a competitive edge and optimize their operating systems. However, medium-sized enterprises in Thailand face difficulties in accessing capital market financing, despite its significance in promoting the development of [...] Read more.
In today’s modern era, digital transformation serves as a crucial element for organizations to gain a competitive edge and optimize their operating systems. However, medium-sized enterprises in Thailand face difficulties in accessing capital market financing, despite its significance in promoting the development of small- and medium-sized enterprises according to the 13th National Economic and Social Development Plan. One potential solution to this issue is digital transformation, which can help these enterprises achieve their strategic business objectives and find a reliable source of funding while enhancing their reputation and credibility, thereby contributing to the growth of the economy as a whole. This study utilized a mixed-methods approach to explore how digital transformation can assist medium-sized enterprises in accessing LiVEx, a new capital market for Thai SMEs. We conducted extensive research and interviewed 12 senior executives across three groups, government agencies, LiVEx-listed companies, and social associations, to develop a questionnaire and conceptual model. Data collected from 360 individuals working in medium-sized enterprises in Thailand collected using an online questionnaire were then analyzed, using CFA and SEM techniques to validate the model. Our study emphasizes the importance of digital literacy, digital usage, and digital advocacy in the success of digital transformation in accessing Thai capital market financing. These findings serve as a valuable knowledge repository for future research. Full article
(This article belongs to the Special Issue Digital Transformation and Innovation for a Sustainable Future)
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16 pages, 266 KiB  
Article
How Does the Digital Economy Drive the Optimization and Upgrading of Industrial Structure? The Mediating Effect of Innovation and the Role of Economic Resilience
by Yicheng Song and Yuantao Jiang
Sustainability 2024, 16(4), 1352; https://doi.org/10.3390/su16041352 - 06 Feb 2024
Viewed by 879
Abstract
The digital economy (DE) has become a major driving force behind the optimization and upgrading of industrial structures (ISOU), but research on its driving mechanisms has yet to be verified. To this end, the driving influence of the DE on ISOU is targeted [...] Read more.
The digital economy (DE) has become a major driving force behind the optimization and upgrading of industrial structures (ISOU), but research on its driving mechanisms has yet to be verified. To this end, the driving influence of the DE on ISOU is targeted and the role played by economic resilience (ER) and innovation is explored. Based on the panel data of 31 provinces in China from 2011 to 2020, the driving influence of the DE on ISOU is analyzed using a two-way fixed-effects model. This empirical study finds that the DE has a positive driving effect on both industrial structure advancement and rationalization and that the driving effect is still significant after the addition of control variables and the robust-type test with one period of lag. The DE presents regional differences in ISOU, with the driving effect of the DE on the industrial structure advancement in the eastern region having a more significant performance than that in the central and western regions and the driving influence on the rationalization of the industrial structure in the eastern and western regions exceeds that in the central region. The impact of the DE on ISOU has a mediating role through innovation. ER has a moderating role in the process and innovation, as a partial mediator, also has a threshold effect. Finally, based on the research and discussion, conclusions and countermeasure recommendations are presented. Full article
(This article belongs to the Special Issue Digital Transformation and Innovation for a Sustainable Future)
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