A Streamline Sustainable Business Performance Reporting Model by an Integrated FinESG Approach

Bogdan, Victoria; Rus, Luminita; Gherai, Dana Simona; Florea, Adrian Gheorghe; Bugnar, Nicoleta Georgeta

doi:10.3390/su152416860

Cited by 8 publications

(6 citation statements)

References 62 publications

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“…This research explores artificial intelligence's impact on improving the audit process's effectiveness and quality. The results indicate that when auditing firms, huge ones will continue to invest in specialized expert systems and neural networks tailored to the industry and specific audit tasks to minimize their audit risks (Bogdan et al 2023). Additionally, large multinational corporations may develop their internal auditing functions to employ such systems to reinforce internal control systems and reduce business risks.…”

Section: Ai In the Audit Fieldmentioning

confidence: 99%

“…The TRAM, proposed by Bogdan et al (2023), aims to enhance both TR and TAM's applicability and explanatory power. The suggested model supplements TAM's two specific dimensions (PEOU and PU) with TR's personality dimensions (Firoiu et al 2023b).…”

Section: Technology Readiness and Acceptance Model (Tram)mentioning

confidence: 99%

“…Investigating the relationship between technology readiness and AI adoption in the context of accounting and auditing in Vietnam is crucial for several reasons: Economic Growth and Modernization-Vietnam has experienced significant economic growth, and as businesses expand, there is a need for more advanced and efficient accounting and auditing processes. AI adoption can contribute to modernizing financial practices, enhancing accuracy, and supporting the growth of businesses in the rapidly evolving economic landscape (Bogdan et al 2023).…”

Section: Introductionmentioning

confidence: 99%

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The Effect of Technology Readiness on Adopting Artificial Intelligence in Accounting and Auditing in Vietnam

Anh,

Hoa,

Thao

et al. 2024

JRFM

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This research article focuses on investigating the impact of technology readiness (TR) on the adoption of artificial intelligence (AD) by accountants and auditors, utilizing intermediary factors, such as perceived usefulness (PU) and perceived ease-of-use (PEOU), within companies in Vietnam. Based on 143 survey responses, the results demonstrate a positive relationship between TR and AI adoption among professionals in the accounting and auditing industry. Additionally, the analysis reveals that the intermediary factors PU and PEOU positively influence AI adoption. TR consistently relates with PU and PEOU in applying artificial intelligence in accounting and auditing. The result of the experiment study is that technology readiness positively impacts the AI adoption of accountants and auditors from companies in Vietnam. Hence, perceived usefulness and ease of use mediate the relationship between technology readiness and the adoption of AI technologies by workers in the accounting and auditing industry. This study contributes not only academically by enriching scientific knowledge on AI adoption but also holds practical significance by suggesting training and development policies from a business perspective in the future.

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Section: Ai In the Audit Fieldmentioning

confidence: 99%

Section: Technology Readiness and Acceptance Model (Tram)mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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The Effect of Technology Readiness on Adopting Artificial Intelligence in Accounting and Auditing in Vietnam

Anh,

Hoa,

Thao

et al. 2024

JRFM

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“…ESG activities are rooted in corporate business operations and are closely related to financial performance [95]. Studies also show that corporate social responsibility (CSR) activities, which serve as a standard for evaluating corporate value and sustainability, are determinants of financial performance [96][97][98]. Khan et al (2023) [99] showed that community-oriented CSR activities and environmental protection-focused CSR activities improve the sustainability of SMEs.…”

Section: Esg Managementmentioning

confidence: 99%

Analyzing Factors That Affect Korean B2B Companies’ Sustainable Performance

Lee,

Kim

2024

Sustainability

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This study empirically examines factors that can influence the sustainable corporate performance of Korean business-to-business (B2B) companies with the help of unique survey data. Factors such as technological capability, the chief executive officer (CEO)’s risk-taking propensity, B2B seller skill, and key account management (KAM) are analyzed to clarify their impact on sustainable financial and non-financial performance. In particular, given that environment, society, and governance (ESG) reporting has recently been widely recognized as an important evaluation factor for companies, we look at the mediating effects of ESG management on sustainable business performance. The results show that the CEO’s risk-taking propensity and B2B seller skill significantly impact the company’s sustainable financial performance, while technological capability and the CEO’s risk-taking propensity significantly impact sustainable non-financial performance. The fact that a CEO’s risk-taking propensity affects both sustainable financial and non-financial performance indicates the importance of entrepreneurial competency in the sustainability of the company. Furthermore, the findings reveal that ESG management plays a crucial role in sustainable corporate performance. The mediating role of ESG management allows technological capability, B2B seller skill, and KAM to influence sustainable financial performance significantly. Likewise, all of the explanatory factors contribute to the company’s sustainable non-financial performance through ESG management. The findings are important for both practitioners and scholars because they emphasize the need to establish an optimal ESG management strategy for corporate survival and sustainability. Furthermore, this study underscores that ESG management should be implemented by all organizational members, from CEOs to employees. Future research will include more comprehensive samples and analyze various strategic factors not covered in this study to derive effective ways by which companies can increase their performance and sustainability. We will also explore the factors that contribute to good ESG management practices.

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“…According to the research conducted by (Anh et al 2024), the sustainability report is a valuable information channel for enterprises and stakeholders about three essential aspects of a company: economy, society, and environment. In addition, relating to the research of Bogdan et al (2023), sustainability reports are designed to systematize and disseminate quantitative and qualitative information on sustainable business issues, encouraging engagement and providing transparency to all stakeholders (Khémiri et al 2024;Khezri et al 2024;Lee and Kim 2024).…”

Section: The Definition Of Sustainability Reportmentioning

confidence: 99%

The Influence of Financial Indicators on Vietnamese Enterprise’s Sustainability Reports Disclosing Process

Anh,

An,

Ngoc

et al. 2024

JRFM

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Sustainability reporting has become increasingly crucial for businesses worldwide, communicating environmental, social, and governance (ESG) performance to stakeholders. Despite the growing importance of sustainability reporting, there remains a gap in understanding how financial indicators influence the disclosure process, particularly in Vietnamese enterprises. This paper aims to address this gap by investigating the influence of financial indicators on the sustainability reporting practices of Vietnamese companies. Employing a mixed-methods approach, combining a quantitative analysis of financial data with a qualitative assessment of sustainability reports, the research seeks to uncover the nuanced relationship between financial performance metrics and the quality and extent of sustainability disclosures. The research was conducted to identify, evaluate, and measure financial factors affecting the quality of companies’ sustainability reports in Vietnam. The research is based on scoring the sustainable development reports of the top 100 listed joint stock companies on the HOSE—Ho Chi Minh City Stock Exchange. Based on the research model of Dissanayake, in the case of Vietnam, we build a scoring model for the sustainable development report based on GRI standards and add additional criteria appropriate to the situation of each listed company on the Vietnam stock exchange. Based on the research overview, our team tested hypotheses related to the short-term current ratio, total asset turnover ratio (AT), return on equity ratio (ROE), and debt-to-equity ratio (DE). The empirical results show that the AT and ROE significantly positively affect the sustainability reports; the DE hurts the sustainability reports. The findings are expected to provide valuable insights into the factors shaping sustainability reporting practices in Vietnam and contribute to the existing literature on corporate disclosure and sustainability.

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A Streamline Sustainable Business Performance Reporting Model by an Integrated FinESG Approach

Cited by 8 publications

References 62 publications

The Effect of Technology Readiness on Adopting Artificial Intelligence in Accounting and Auditing in Vietnam

The Effect of Technology Readiness on Adopting Artificial Intelligence in Accounting and Auditing in Vietnam

Analyzing Factors That Affect Korean B2B Companies’ Sustainable Performance

The Influence of Financial Indicators on Vietnamese Enterprise’s Sustainability Reports Disclosing Process

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