Good or bad? Digitalisation and green preferences

Mutaşcu, Mihai; Horky, Florian; Strango, Cristina

doi:10.1016/j.eneco.2023.106640

Cited by 9 publications

(3 citation statements)

References 31 publications

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“…Another crucial aspect discussed in the paper is including the independent variable "Log_Desi_idt." It was expected that there would be a positive correlation between "Log_Index" and "Log_Desi_idt,", as supported, referred to economic growth by Imran et al (2022), Kreiterling (2023), Mutascu et al (2023), Olczyk and Kuc-Czarnecka (2022), Parra et al (2021), andTran et al (2023). However, in our analysis, it is not significant.…”

Section: Q2: European Environmental Activities and Digitalizationmentioning

confidence: 54%

Environment and Digitalization: The New Paradigms in the European Stock Markets

Di Febo,

Angelini,

2024

Economies

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In a European context in which the objectives of climate neutrality and digitalization appear fundamental, the work analyzes the relationships between the price of the main stock market indices and the most representative variables such as carbon emissions, digitalization, use of renewable energy, research and development expenses, environmental taxes, and all economic and management activities aimed at reducing or eliminating any form of pollution. The analysis was developed through three different regressions involving the long period 1995–2020 and the short period 2017–2020. The results show how increasing carbon emissions and environmental taxes positively impact stock indices. The former is linked to an increase in production and, therefore, economic growth, and the latter encourages sustainability. Taxes on transport and energy in the long term generate higher costs, which damage profitability and negatively impact the performance of stock indices. Finally, in the short term, implementing environmental protection measures or the sustainable management of resources may lead to higher operating costs for the companies involved. These cost increases can negatively impact profit margins and reduce the value of companies. These results, therefore, show us how environmental sustainability has a significant impact on European stock markets; consequently, the relevant regulations and policies should also consider the economic and managerial impacts that companies implement to achieve their objectives of the Green Deal.

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Section: Q2: European Environmental Activities and Digitalizationmentioning

confidence: 54%

Environment and Digitalization: The New Paradigms in the European Stock Markets

Di Febo,

Angelini,

2024

Economies

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“…With the construction of a new generation of digital infrastructure and the development of digital technology, data has become a key factor of production in the digital economy, being collected, stored and used for production on a large scale, contributing increasingly to economic growth and the improvement of people's quality of life [6]. 'Digitization' is the action, process and development of digital technology applications [13].…”

Section: Literature Reviewmentioning

confidence: 99%

“…At present, relevant scholars have focused on the following three aspects of the research between government and enterprise digital transformation: first, through empirical, theoretical and review methods to explore the positive impact of digital transformation achieved at the medium and macro levels [6][7][8], most of the research on energy digital transformation focuses on the impact of digital transformation on energy security [9], energy efficiency [10] and carbon emissions [11]; second, through constructing cooperative game models to explore the possibility of how digital transformation can be carried out collaboratively among enterprises and the impact of key parameters on the digital transformation of enterprises [12]; thirdly, through methods such as evolutionary games to investigate the effect of government implementation of a specific policy on promoting enterprise transformation. In summary, although there is a wealth of research on government incentives for digital transformation, few scholars have considered the balance of interests between government and energy enterprises in digital transformation and the 'effective range' of incentives from an intra-industry competition perspective.…”

Section: Introductionmentioning

confidence: 99%

Game Analysis on Energy Enterprises’ Digital Transformation—Strategic Simulation for Guiding Role, Leading Role and Following Role

Liu

2023

Sustainability

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The aim of this study is to explore the dynamics and impediments in exploring the digital transformation process of energy enterprises, considering industry competition and government involvement. Compared with other industries, energy enterprises have both economic tasks and social responsibilities at the same time, while their business modes have certain “inertia”. Therefore, the process of their digital transformation cannot avoid the balance of interests between the different agents. From the perspective of competition and cooperation in the sector, this study constructs a tripartite evolutionary game model among the government and energy enterprises, analyzes the evolutionary stable strategies of the game system, and simulates different initial intentions and key parameters for all roles. The results show that in the process of digital transformation, the symbiotic relationship between energy enterprises and the cooperative relationship between enterprises and government can be embodied, and the effective game process has sufficient economic guidance. The government plays the guiding role in the digital transformation of energy enterprises, and its initial intention has a significantly stronger impact than the energy enterprise’s intentions. The effective strategy reflects the principle of “waiting for an opportunity to act, giving priority to efficiency, and giving consideration to justice”. Under the given policy environment, energy enterprises with comparative advantages in terms of transformation costs, direct benefits and synergy will become the leading role that is more sensitive to the opportunities of digital transformation, and the following energy enterprise will adjust its own strategies in time according to the effect of the leading role’s digital transformation so as to achieve the stability of the system. Accordingly, this study can provide reference support for energy enterprises to develop digital transformation strategies and for governments to formulate reasonable and effective policies.

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