Corporate transformation toward Industry 4.0 and financial performance: The influence of environmental, social, and governance (ESG)

Alkaraan, Fadi; Albitar, Khaldoon; Hussainey, Khaled; Venkatesh, V.G.

doi:10.1016/j.techfore.2021.121423

Cited by 212 publications

(98 citation statements)

References 49 publications

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“…self-constructed measures, subjective measures), using techniques in natural language processing from fields such as computer science, linguistics and artificial intelligence to construct their disclosure scores. Following Alkaraan et al (2022), the selection of disclosure topics is carried out in three stages. Firstly , we create I4.0 strategy components through a comprehensive review of I4.0 strategy frameworks adopted by top professional organisations: Boston Consulting Group; McKinsey and Company; Deloitte; KPMG; i-SCOOP Organisation.…”

Section: Methodsmentioning

confidence: 99%

“…Manufacturing in 2050 will look very different from today. Successful companies will be capable of rapidly adapting their physical and intellectual infrastructures to exploit changes in technology as manufacturing becomes faster, more responsive to changing global markets and closer to customers (Foresight, 2013; Alkaraan et al , 2022). Successful companies are led by effective boards, whose roles are to promote the long-term sustainable success of the company, generate value for shareholders and contribute to wider society.…”

Section: Introductionmentioning

confidence: 99%

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Corporate narrative reporting on Industry 4.0 technologies: does governance matter?

Hussainey

Albitar

Alkaraan

2022

IJAIM

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Purpose This paper aims to provide early evidence on corporate transformation towards Industry 4.0 (CTTI4) in the UK, particularly by examining the effect of corporate governance on the narrative reporting of CTTI4. Design/methodology/approach The authors analyse all UK financial times stock exchange all-share non-financial firms that have published their annual reports for the period of 2013–2018. The authors use computerised textual analysis to measure the level of corporate reporting on Industry 4.0 (I4.0) for 1,001 firm-year observations. The authors used different regression models to test the research hypotheses. Findings The findings contribute to the growing literature on business model transformation in UK companies towards the I4.0 strategy. The findings show that the level of reporting on CTTI4 is improving over the sample period and varies between industries. The authors also find that better governance quality enhances the level of reporting on CTTI4. Practical implications The findings of this study inform decision makers and regulators about factors driving UK companies to report information about their actionable strategies to direct I4.0 endeavours. Originality/value The paper makes an important and novel contribution to corporate disclosure literature. So far as the authors know, it is the only paper to examine the impact of corporate governance on corporate narrative reporting on I4.0 technologies. Moreover, to the best of the authors’ knowledge, it is the first paper to show that the quality of corporate governance adds value to this strategic type of corporate disclosure.

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Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Corporate narrative reporting on Industry 4.0 technologies: does governance matter?

Hussainey

Albitar

Alkaraan

2022

IJAIM

Self Cite

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“…Recent studies on these discussions emphasize the harmonious development of the economy, society, and the environment to achieve corporate sustainability (Dey et al, 2020;Henderson, 2021;Alkaraan et al, 2022). Previously, the literature mainly focused on economic (or financial) performance when predicting a firm's sustainability.…”

Section: Introductionmentioning

confidence: 99%

Dynamic Capabilities and an ESG Strategy for Sustainable Management Performance

2022

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This research explores the dynamic capabilities required for firms to implement environmental, social, and governance (ESG) strategies, and investigates sustainable management performance that can be created based on them. By using dynamic capabilities theory, we integrate sustainable management and the ESG literature to suggest a research model and identify the factors that act as the catalysts achieving sustainability. The data used for the analysis were collected from 78 firms listed on the Korea Exchange (KRX) with assets totaling more than 2 trillion Korean won. In this study, the partial least squares structural equation model (PLS-SEM) is applied. We found that absorptive capability and adaptive capability significantly affect sustainable management performance through implementation of the ESG strategy as a mediating variable. In particular, a firm’s implementation of an ESG strategy is a significant determinant that impacts sustainable management performance. We also believe our model contributes to the current knowledge by filling several research gaps, and our findings offer valuable and practical implications not only for achieving sustainable growth but also for creation of competitive advantage.

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“…Комплексное исследование современных условий развития региональной экономики актуализирует необходимость детального теоретического осмысления сущности трансформации, связанной с региональной промышленной структурой и уровнем развития технологий [1,2].…”

Section: Introductionunclassified

Transformation of regional industrial structure during technological evolution

Urasova

2022

RJIE

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Due to the fourth industrial revolution evolution, the regional economy faces the need for adapting to the new conditions related to the expanding Industry 4.0 processes. This issue requires studying and scientific understanding of the transformations in the regional industrial structure and building up a new technological core. To this end the author of the article considers and thoroughly describes the compound category of the regional industrial structure transformation in the context of the key theories and basic concepts of the regional economic development and the requirements of the technological revolution. Aspects of modern trends in the development of the theory and methodology of the regional economy are considered in detail, taking into account the stage of technological evolution and industrial transformations. The author used structural-logical and context analysis as the basis for actualization of defining the transformation of the regional industrial structure as the state of compliance of the trajectory of changes in the sectoral industrial structure of the region with naturally emerging elements of the new way of life.

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Corporate transformation toward Industry 4.0 and financial performance: The influence of environmental, social, and governance (ESG)

Cited by 212 publications

References 49 publications

Corporate narrative reporting on Industry 4.0 technologies: does governance matter?

Corporate narrative reporting on Industry 4.0 technologies: does governance matter?

Dynamic Capabilities and an ESG Strategy for Sustainable Management Performance

Transformation of regional industrial structure during technological evolution

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