HPC in business: the impact of corporate digital responsibility on building digital trust and responsible corporate digital governance

Abstract

Purpose The implementation of high performance computing (HPC) in business (especially small and medium-sized enterprises) is accompanied with mistrust to a certain extent, which has imposed the need for building of digital trust (DTrust) among stakeholders. The purpose of the present paper is to find out the ways on how to build and maintain such trust. Design/methodology/approach Analysis and critical reflection on previous research dealing with phenomena of digital transformation (DT), HPC, corporate digital responsibility (CDR) and DTrust have enabled the authors to design their own conceptual model as the answer to the research questions of how, and in what way, CDR influences DTrust. Findings The authors have determined that the previous researches pointed to the existence of the correlation between CDR and DTrust although they did not elaborate on this explicitly. It was shown that the DT itself directly influences trust and sustainability. The indirect influence DT has via CDR was the task the authors undertook through designing a new conceptual model within whose frame the authors separately presented the influence of total CDR on DTrust as well as of the specific CDR dimensions on the particular dimensions of DTrust. Originality/value The authors tried to offer the conceptual model that exactly determines the relation of individual dimensions of the processed phenomena by analyzing theoretical and empirical researches carried out so far, and eo ipso shed more light on their mutual relation. The authors firmly believe that this paper offers a useful frame for further empirical researches.

Corporate Responsibility in the Digital Era

“…They concluded that this may lead to cross-company disruption, entailing organisational restructuring, new staff competencies and re-training, and the redesign of data management and communication processes. The research of Jelovac et al [11] similarly examined the impact of CDR on building digital trust and responsible corporate governance in companies. They concluded that "the best response to building and maintaining trust is, in our opinion, the building of a new modern business and organizational CDR culture" (p. 494).…”

Unraveling the influence of human capital and stakeholder engagement on corporate digital responsibility: Implications for firm performance in Southeast Asia enterprises

“…Drawing on these perspectives, our paper proposes a comprehensive and holistic definition of CDR as the practices, policies, and governance structures organizations adopt during their digital transformation (Van der Merwe & Al Achkar, 2022). At the core of CDR lies the cultivation of responsible digital practices, the establishment of robust enforcement mechanisms, the pursuit of sustainable growth and development, and the fostering of trust within the digital ecosystem (Jelovac et al, 2022). CDR must encompass the intricate interplay between digitalization, society, and the environment, recognizing its profound impact on individuals, communities, and states.…”

“…This approach ensures compliance with legal and ethical standards and demonstrates the company's commitment to the well-being of society and the environment. Embracing CDR can enhance the company's reputation, foster stakeholder trust, and positively impact the organization and the broader community (Jelovac et al, 2022). Thus, CDR represents an integrative and forward-thinking approach to corporate responsibility in the digital age.…”

“…Companies can build trust and foster positive perceptions among internal and external stakeholders through ethical and responsible digital practices. This enhanced reputation attracts and retains consumers and appeals to investors and other key actors, thus providing a competitive advantage (Jelovac et al, 2022). Moreover, CDR enables companies to navigate the challenges posed by the proliferation of data‐driven digital transformation.…”

Corporate Models of Digital Transformation of Economic Security System

“…Digitalization should provide the market with modern technological solutions, using which the company will provide itself with an advantage in the rate of reducing specific operating and investment costs, optimize innovative development, infrastructure maintaining and the structure of technological process management. Analyzing numerous works devoted to this issue [1][2][3][4][5][6][7][8][9][10], and pilot digitalization projects, in the activities of modern companies, it can be identified several main areas that will be «digitized» and a description for them were give (Table 2). ensuring transparency, simplicity and efficiency of interaction with the authorities.…”