BEYOND THE NUMBERS: THE IMPACT OF ACCOUNTING PROFESSION DIGITALISATION ON EU SME S INNOVATION

Veronica Mita and Mariana Man
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Veronica Mita: University of Craiova
Mariana Man: University of Petrosani, University of Craiova

Revista Economica, 2025, vol. 77, issue 2, 78-95

Abstract: Digital transformation is the main driver of innovation in organisations. In turn, innovation shapes markets, supports digital transformation and the transition to a digital economy. The aim of this paper is to determine what role the digitalisation of the accounting profession plays in the EU SMEs innovation and to answer the question: Can the digitalisation of the accounting profession affect SMEs innovation? More specifically, this study determines the influence of Internet connection, use of ERP software, use of cloud computing services, exploitation of Office applications, running a financial-accounting software and having a policy on cyber security in financial-accounting activities on innovation in SMEs. This analysis was based on the econometric multiple linear regression model. The results of the study reflect the significant role that the digitalisation of the accounting profession plays in the innovation process of SMEs in the EU by 2021. The overall findings of the study refer to the fact that the digitalisation of the accounting profession is a driver of innovation in organisations, and that SMEs innovation occurs during the adoption and implementation by accounting professionals of a secure Internet connection, advanced information technologies and constant use of cloud technology to process and understand economic transactions.

Keywords: Digital Economy; Digital Transformation; Accounting Profession; SMEs Innovation (search for similar items in EconPapers)
JEL-codes: M41 O39 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:77:y:2025:i:2:p:78-95

DOI: 10.56043/reveco-2025-0015

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