•This study addresses a real-world business problem, the digitalization of SMEs.•Three main SME resources show to positively relate to digitalization.•Digitalization, in turn, positively relates to ...financial performance.•It also mediates the impact of information technology on financial performance.•A digital strategy or employee skills alone do not foster financial performance.
Small and medium-sized enterprises (SMEs) lag behind larger firms when it comes to digitalization. This has negative impacts on firm performance. Despite the economic importance of SMEs, little is known about the antecedents, consequences, and challenges of SME digitalization. We have set three objectives to address this knowledge gap. Drawing on the resource-based view, we first investigate the impact of three main SME resources on digitalization: information technology, employee skills, and digital strategy. Second, we assess the impact digitalization has on financial performance. We then investigate whether digitalization mediates the effect of resources on performance. The results of a survey of 193 SMEs demonstrate how digitalization can impact SME performance, with the three resources positively relating to digitalization. And in turn, digitalization significantly relates to performance, mediating the effect of information technology on performance. It however does not mediate the effect of digital strategy or employee skills on performance.
Scientific research on digitalization and its impact on business models has been growing exponentially in recent years. This has been particularly evident from 2010 onwards, following a landmark ...special issue published in Long Range Planning. This article offers an overview of the development of academic literature published between 2010 and 2019 with regards to the relationship between digitalization and business models in 198 peer-reviewed articles. By applying a novel methodological approach to compare results from different bibliometric analyses, such as the analysis of citations, co-citations, bibliographic coupling, and co-occurrences of keywords, we have identified the most influential journals, authors, and articles, as well as three thematic clusters (technological innovation, strategic management, and digital transformation). For each cluster, the most relevant contributions are presented. Promising research areas and future research directions are identified to address the existing gaps in knowledge.
The study used multiple case studies to explore the findings from literature review on adoption of industry 4.0 technologies in manufacturing supply chains. It displays a digitalized supply chain as ...one of the best options for optimization of manufacturing companies processes and provides insights and some guidance on the industry 4.0 technologies for manufacturing companies to prioritize when starting the digitalization journey; to improve decision making, maximize efficiency and minimize costs. The main objective of the study is to explore various industry 4.0 technologies used in manufacturing supply chains and two propositions were suggested based on the three case companies investigated. The digitalization of manufacturing supply chains has an overall positive impact on how the supply chains operates and improves productivity and growth. It was concluded that industry 4.0 technologies are valuable tools from a managerial perspective, because they provide better process visibility and tracking of requisitions, improved efficiency, optimization of resources, easy to use templates, improved access to ordering data and reporting, improved decision making, and the supply chains are more autonomous.
By employing a panel dataset of Chinese listed companies spanning from 2010 to 2021, our study empirically examines the correlation between corporate financialization and corporate green innovation, ...and explores its heterogeneities in terms of property rights structure and digitalization. Our findings suggest that corporate financialization has a negative impact on corporate green innovation. This negative influence is primarily attributed to the substitution of corporate financialization for research and development funds that are essential for corporate green innovation, while the “reservoir effect” of corporate financialization is not significant. In comparison to state-owned enterprises, which face weaker financing constraints, the impact of corporate financialization on green innovation is more significant in private enterprises. Moreover, we find that digitalization could alleviate the inhibition of corporate financialization on green innovation. Based on our findings, we offer several suggestions for developing strategies to promote green innovation in China.
Digital transformation is fundamentally changing the business landscape. It is also affecting the roles of top managers within firms. Our survey of more than 160 senior managers in Europe suggests ...that digitalization, rather than encouraging more decentralized forms of management, will lead to an expanded role for headquarters and further empowerment of top managers. While acknowledging the benefits of the digital transformation, in this Executive Digest we identify five key challenges for newly empowered top managers and offer solutions for these digitalization traps.
Auditing in the Metaverse, the “New Reality” GROSANU, Adrian; FULOP, Melinda Timea; MAGDAS, Nicolae
Audit financiar (Bucharest, Romania ),
04/2024, Volume:
22, Issue:
174
Journal Article
Peer reviewed
Open access
The proposed study expresses some considerations about the digital transition in the accounting profession, especially its metaverse aspects. The main reason for this investigation is the importance ...of the topic in a world that is constantly changing. When reviewing the literature on this topic, the authors found several studies related to the role and importance of metaverse in the accounting profession. In their analysis, the authors conducted a qualitative study that focusses on the role and importance of the metaverse and its scope in the accounting profession. The results of the research show that although the digital transition is not at the beginning of the road, we must adapt to the new changes, so a professional accountant must also have significant knowledge in the field of IT. Following this study, the authors concluded that the role of the digital transition in the accounting profession is essential to face the new demands on the market and to respond in the shortest possible time to the demands of clients.
Inspired by burgeoning scholarly interest in the role of digitalization in the COVID-19 pandemic, this paper examines how the COVID-19 pandemic is driving or constraining the digitalization of ...businesses around the globe. We contend that COVID‐19 is “the great accelerator” in fast-tracking the existing global trend towards embracing modern emerging technologies ushering in transformations in lifestyle, work patterns, and business strategies. Thus, COVID-19 has evolved to be a kind of “catalyst” for the adoption and increasing use of digitalization in work organization and the office, alongside presenting foreseen and unforeseen opportunities, challenges, and costs—leading to negative and positive feedback loops. In this article, we develop and advance a conceptual model by linking the different forces for and against digitalization in response to the pandemic. Our analysis indicates that adoption of emerging technologies may be hindered by vested external interests, nostalgia, and employer opportunism, as well as negative effects on employee well-being that undermine productivity, work–life balance, and future of work. Whilst digitalization may bring new opportunities, the process imparts risks that may be hard to mitigate or prepare for. Finally, we draw out the wider theoretical and practical implications of our analysis.
The digital economy has demonstrated strong resilience and great potential, under the interwoven influence of the global pandemic and severe environmental concerns across the world. Therefore, there ...is a need to focus on the value of green economic growth in the digital economy. This paper constructs an evaluation index system and adopts the SEEA (System of Environmental and Economic Accounting) method to measure the digitalization level (Digi) and green economy growth level (GEG) of China. The internal mechanism and linear relationship between digitalization and green economy growth are examined based on the panel data from 2013 to 2019. Moreover, this study explores the spatial spillover effect. The major study findings are as follows: (1) Digitalization and green economy growth represent a steady growth trend, and the former as a whole significantly promotes the latter, with a marginal effect of 1.648. (2) The mechanism analysis indicates the intermediary effects’ size of three crucial intermediaries: green technology innovation > advanced industrial structure > the rationalization of industrial structure. (3) Both the “local effect” (0.556; 0.574) and “neighboring effect” (1.382; 1.415) of digitalization on green economy growth are positive under the two weight matrices and display “simultaneous resonance” characteristics based on the spatial perspective. (4) There exists obvious regional spatial heterogeneity and resource endowment heterogeneity. Finally, this study put forward corresponding policy implications, such as construction of new digital infrastructures and guiding green-energy consumption.
•The green economic growth (GEG) level is measured by the SEEA method.•The linear relationship shows digitalization (Digi) can significantly promote GEG.•The spatial effect of Digi on GEG shows “positive simultaneous resonance”.•Three crucial intermedia's effects are compared.•The heterogeneous impact is explored from different dimensions.
The internet of everything (IoE), connecting people, organizations and smart things, promises to fundamentally change how we live, work and interact, and it may redefine a wide range of industry ...sectors. This conceptual paper aims to develop a vision of how the IoE may alter business models and the ways in which individuals and organizations create value. We review literature on networked business models and service ecosystems, and show that a clearer understanding is needed of how the IoE will impact on the ways that organizations go about their business at the micro, meso and macro levels. Combining this with an inductive, vignette-based approach, we present a new taxonomy of smart things based on their capabilities and their connectivity. We derive their implications for business models and conclude the paper with propositions that form a research agenda for business researchers.
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