Digital Transformation, Financial Performance and Sustainability: Evidence for European Union Listed Companies

Ion Ionascu (), Mihaela Ionascu, Elena Nechita, Marian Sacarin and Mihaela Minu
Additional contact information
Ion Ionascu: Bucharest University of Economic Studies, Romania
Mihaela Ionascu: Bucharest University of Economic Studies, Romania
Elena Nechita: Bucharest University of Economic Studies, Romania
Marian Sacarin: Bucharest University of Economic Studies, Romania
Mihaela Minu: Bucharest University of Economic Studies, Romania

The AMFITEATRU ECONOMIC journal, 2022, vol. 24, issue 59, 94

Abstract: 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.

Keywords: digitalization of companies; digitalization index; Environmental; Social and Governance score; sustainable development; European Green Deal (search for similar items in EconPapers)
JEL-codes: L86 M10 M15 M21 M49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.amfiteatrueconomic.ro/temp/Article_3066.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aes:amfeco:v:24:y:2022:i:59:p:94

Access Statistics for this article

More articles in The AMFITEATRU ECONOMIC journal from Academy of Economic Studies - Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Valentin Dumitru ().