Leveraging technology-driven applications to promote sustainability in the shipping industry: The impact of digitalization on corporate social responsibility

Zheng, Leven J.; Zhang, Zuopeng; Au, Alan; Wang, Huan; Yang, Yifan

doi:10.1016/j.tre.2023.103201

Cited by 16 publications

(8 citation statements)

References 93 publications

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“…For instance, data analysis can reveal the environmental footprint in the procurement of raw materials and throughout the product lifecycle, aiding enterprises in identifying and implementing more environmentally friendly practices. Simultaneously, data can help businesses measure the effectiveness of their social responsibility programs, ensuring that these initiatives promote economic growth while also delivering social value and environmental benefits [73].…”

Section: Discussionmentioning

confidence: 99%

The Impact of Data Elements on Enterprises’ Capital Market Performance: Insights from Stock Liquidity in China and Implications for Global Markets

Cui,

Wang,

Wang

2024

Sustainability

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Amidst a backdrop of global economic challenges and shifting market dynamics, this study highlights the transformative role of data elements in enhancing enterprise performance within capital markets, particularly focusing on China’s leading position in the digital economy as a model with implications for global markets. This study utilized a panel data set consisting of 10,493 observations from 2687 listed enterprises in Shanghai and Shenzhen A-shares from 2015 to 2023. An econometric analysis was conducted using a two-way fixed effects model to explore the impact of enterprise data elements on capital market performance in the digital economy and its underlying mechanisms. The research reveals that the digitization of enterprise production factors can significantly enhance performance in the capital market. The study further suggests that enterprise innovation and enterprise value play a crucial role in mediating this effect. This paper introduces a new concept called “data elements”, which expands the definition and assessment methods of enterprise data capabilities. It goes beyond just digital transformation at the application level and includes data governance at the basic ability level. This approach provides a more accurate and comprehensive understanding of the different elements of data. Moreover, the research expands the research scope of microeconomic entities’ economic benefits, thereby extending the value contributed by enterprise data elements to their performance in the capital market. Additionally, this study reveals the relationship between enterprise data elementization and capital market performance through intermediary analysis of enterprise innovation performance and enterprise value, which unveils the “black box” and clarifies the transmission pathway. The findings of this research hold considerable theoretical value and have far-reaching practical implications for government policies concerning data elements and the development of high-quality enterprises, suggesting pathways for global markets to leverage data for enhanced enterprise performance and economic resilience. The results are particularly useful for policymakers, enterprise managers, and scholars in understanding and implementing data-driven strategies in capital markets.

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Section: Discussionmentioning

confidence: 99%

The Impact of Data Elements on Enterprises’ Capital Market Performance: Insights from Stock Liquidity in China and Implications for Global Markets

Cui,

Wang,

Wang

2024

Sustainability

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“…This suggests that sustainability measures can positively impact a retailer's financial performance, primarily through cost reductions and operational efficiency. Utilizing energy-efficient devices can cut utility costs [1,20,21]. Additionally, waste reduction and optimized supply chain procedures can result in significant savings [1,[21][22][23].…”

Section: What Climate Mitigation Measuresmentioning

confidence: 99%

“…Utilizing energy-efficient devices can cut utility costs [1,20,21]. Additionally, waste reduction and optimized supply chain procedures can result in significant savings [1,[21][22][23]. Sustainability programs focusing on resource conservation may improve operational efficiency and financial success conservation.…”

Section: What Climate Mitigation Measuresmentioning

confidence: 99%

“…Risks such as supply chain disruptions, legislative changes, and reputational loss can be mitigated through sustainability practices [28]. Implementing sustainable procurement practices and diversifying suppliers can reduce vulnerability to supply chain interruptions caused by climate-related disasters [21,29,30]. Climate-risk-averse retailers are better positioned for sustainable operations and their financial performance is also improved [30].…”

Section: What Climate Mitigation Measuresmentioning

confidence: 99%

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The Impact of Climate Action on the Financial Performance of Food, Grocery, and Supermarket Retailers in the UK

Olarewaju,

Dani,

Obeng-Fosu

et al. 2024

Sustainability

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We examined the impact of climate action on the financial performance of eleven food, grocery, and supermarket retailers listed on the London Stock Exchange from 2013 to 2022. Our findings reveal a positive association between the climate mitigation efforts of these businesses and financial performance, particularly in terms of returns on assets (ROA). Through Ordinary Least Squares estimation, we identified that climate action practices such as renewable energy usage, waste reduction, adoption of energy-efficient technologies, eco-friendly packaging, and optimized transportation are significantly associated with the ROA of UK-based food, grocery, and supermarket retailers. This study is significant as these retailers often have extensive operations and supply chains that contribute to greenhouse gas emissions. It demonstrates that engaging in climate mitigation measures can still lead to a positive ROA.

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“…In this context, there is a need to investigate the mechanisms through which digital transformation contributes to the success of sustainable development (Singh and El-Kassar, 2019; Zheng et al. , 2023).…”

Section: Introductionmentioning

confidence: 99%

Leveraging digital transformation on the path to sustainable development: the role of excellence models

Morgado Oliveira,

F. Gomes

2024

BPMJ

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PurposeThis study explores how excellence models can leverage digital transformation on the path to sustainable development in organisations.Design/methodology/approachA survey was used to study the different facets of digital capabilities and their impact on sustainable development success of organisations holding an external recognition from the European Foundation for Quality Management (EFQM). Partial Least Squares structural equation modelling (PLS-SEM) combined with Necessary Condition Analysis (NCA) were used to analyse data.FindingsInternalising excellence practices is decisive in mediating effective digital capabilities to achieve sustainable development. To achieve high levels of sustainable development success, organisations must achieve high levels of excellence practices internalisation, which are much more important than the excellence model external recognition.Research limitations/implicationsThis study addresses essential issues with theoretical and practical value but is limited to a sample of organisations with EFQM recognition in two countries. Future studies should address different organisations and cultural environments.Practical implicationsThe findings are relevant for organisations facing digital transformation and sustainable development challenges. They are essential for managers leveraging digital capabilities to capitalise on practices and processes and achieve Sustainable Development Goals. Organisations can benefit from a multidimensional approach to digital capabilities when struggling against external challenges.Originality/valueThis study closes a research gap regarding the impact of digital capabilities on sustainable development success. It is the first empirical study to combine sufficiency and necessity conditions analyses to explore the mediating role of excellence practices internalisation and one of the first to address digital capabilities from a multidimensional perspective.

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Leveraging technology-driven applications to promote sustainability in the shipping industry: The impact of digitalization on corporate social responsibility

Cited by 16 publications

References 93 publications

The Impact of Data Elements on Enterprises’ Capital Market Performance: Insights from Stock Liquidity in China and Implications for Global Markets

The Impact of Data Elements on Enterprises’ Capital Market Performance: Insights from Stock Liquidity in China and Implications for Global Markets

The Impact of Climate Action on the Financial Performance of Food, Grocery, and Supermarket Retailers in the UK

Leveraging digital transformation on the path to sustainable development: the role of excellence models

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