From decision optimization to satisficing: Regulation of automated trading in the US financial markets

Currie, Wendy L.; Seddon, Jonathan J. M.; Vliet, Ben Van

doi:10.1016/j.im.2022.103721

Cited by 5 publications

(5 citation statements)

References 53 publications

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“…Businesses also benefit from applying digital technologies to auditing and oversight (Teichmann et al, 2023). Digital technology strengthens risk identification and assessment based on the internal process of the enterprise and can optimize the decisionmaking at each stage, thereby improving the overall audit and supervision quality (Bamberger, 2009;Currie et al, 2022). In addition, the performance of digital technology applications in training audit and supervisory personnel and improving their professionalism and responsibility also deserves further attention (Lohapan, 2021).…”

Section: Digital Transformation and Corporate Esg Performancementioning

confidence: 99%

Digital transformation, financing constraints, and corporate environmental, social, and governance performance

Yang

Han

2023

Corp Soc Responsibility Env

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Digital transformation is globally pervasive, and exploring how it can shape enterprises' sustainable development is significant. Using the panel data of 710 listed corporates in China from 2011 to 2020, this paper empirically investigates the impact of digital transformation on corporate Environmental, Social and Governance (ESG) performance with the fixed effect model and the SYS‐GMM method. The results indicate that digital transformation significantly improves corporate ESG performance, especially environmental and social performance. A looser financing constraint (FC) environment will make the improvements in ESG performance from digital transformation more visible. Among corporates with low FCs, private corporates, and non‐technical corporates, digital transformation has a more noticeable effect on improving ESG performance by easing FCs. Our research presents implications for policymakers and business decision‐makers to achieve alignment between corporate digitalization and sustainability.

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Section: Digital Transformation and Corporate Esg Performancementioning

confidence: 99%

Digital transformation, financing constraints, and corporate environmental, social, and governance performance

Yang

Han

2023

Corp Soc Responsibility Env

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“…Besides, the advent of digital technology has significantly reduced information asymmetry, narrowing the information gap between board members and enhancing the efficiency and quality of their decision‐making (Brodbeck et al, 2007). Digital technology bolsters enterprise‐wide risk identification and assessment, optimizing decision‐making at each stage and improving overall audit and supervision quality (Bamberger, 2010; Currie et al, 2022). Digital transformation can also facilitate the construction of information platforms, which in turn enhances the transparency of information within the company.…”

Section: Theoretical Foundation and Hypotheses Developmentmentioning

confidence: 99%

“…Nevertheless, using robotics and big data in production systems may lead to increased capital investment, potentially resulting in elevated energy consumption levels (Indri et al, 2018). Digital technology bolsters enterprise‐wide risk identification and assessment, optimizing decision‐making at each stage and improving overall governance (Bamberger, 2010; Currie et al, 2022). However, digital technology may not help to improve the social performance of companies in some contexts.…”

Section: Introductionmentioning

confidence: 99%

Digital transformation, ESG practice, and total factor productivity

Ding,

Sheng,

Appolloni

et al. 2024

Bus Strat Env

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Recent research provides limited knowledge about how and whether digital transformation related to environmental, social, and governance (ESG) affects the total factor productivity (TFP). To fill the gap, this study explores the impact of digital transformation on TFP based on a fixed‐effect model and the staggered difference‐in‐differences method and reveals that digital transformation can boost corporate TFP. Mechanism analysis reveals that digital transformation promotes ESG performance in companies, thereby affecting TFP. Social performance in ESG plays a mediating effect, while environmental performance plays a suppressing effect. Besides, the primary driver of TFP improvement through digital transformation lies in its direct effect, whereas the indirect effect of ESG factors is relatively limited. Our findings provide new insight into how digital transformation promotes corporate ESG and productivity.

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“…The satisficing behavior affects companies regarding the adoption of new and innovative practices (Currie et al., 2022;Geisler and Turchetti, 2022), including energy efficiency practices (Lützen et al., 2017).…”

Section: Satisficingmentioning

confidence: 99%

From “Fairly Good” to “Optimal” Energy Efficiency Practices within the Moroccan Manufacturing Sector: Are Financial Resources Sufficient?

Bensouda

Benali

2023

IJEEP

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Climate change urgency requires a fast transition to a low carbon society which implies broad-scale changes at all levels, hence the need of an energy transition based on enhancing energy efficiency and renewable energy. Energy efficiency is pivotal to combat climate change, it is the most affordable and readily accessible resource, and the most profitable path to sustainability. Manufacturing companies are increasingly adopting energy efficiency practices (EEP) as they become more knowledgeable about the central role energy efficiency plays in their companies’ competitiveness and the planet’s sustainability. However, the severity of climate change requires the adoption of “optimal” EEP rather than “fairly good” ones. Companies’ satisficing behavior occurs when they do not operate as profit-maximisers, but as satisfactory solutions-seekers. This study explores avenues to address companies’ satisficing behavior regarding EEP. Our research model was empirically tested through survey data collected from 193 manufacturing companies in Morocco. Results show that satisficing negatively affects EEP. Financial slack and governments’ incentives have a positive direct effect on EEP without attenuating the negative relationship between satisfying and EEP. Mimetic pressure attenuates the negative relationship between satisfying and EEP. Based on our findings, policy implications are discussed.

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From decision optimization to satisficing: Regulation of automated trading in the US financial markets

Cited by 5 publications

References 53 publications

Digital transformation, financing constraints, and corporate environmental, social, and governance performance

Digital transformation, financing constraints, and corporate environmental, social, and governance performance

Digital transformation, ESG practice, and total factor productivity

From “Fairly Good” to “Optimal” Energy Efficiency Practices within the Moroccan Manufacturing Sector: Are Financial Resources Sufficient?

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