Scientific review digitalization of corporate culture as a factor influencing ESG investment in the energy sector

Zainullin, Sergei B.; Zainullina, Ol'ga A.

doi:10.5937/intrev2102132z

Cited by 16 publications

(7 citation statements)

References 5 publications

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“…Our results confirm the growing popularity of ESG, which is mentioned for example in studies Zainullin & Zainullina (2021) , Clément, Élisabeth & Léo (2022) , and Dmuchowski et al (2023) . One of the reasons for this trend may be that ESG represents the best available tool for evaluating CSR ( Cini & Ricci, 2018 ).…”

Section: Resultssupporting

confidence: 89%

Global analysis of Twitter communication in corporate social responsibility area: sustainability, climate change, and waste management

Kvasničková Stanislavská,

Pilař,

Vogli

et al. 2023

PeerJ Computer Science

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Many people now consider social media to be an integral part of their daily routines, which has enabled companies to implement successful corporate social responsibility campaigns through these platforms. The direct interaction with stakeholders offered by social media helps companies to build understanding, trust, and their image. The aim of this study was to identify key topics and trends communicated in connection with corporate social responsibility on the Twitter social network from 2017 to 2022. Analysis of 520,638 tweets by 168,134 unique users identified a predominance of environment-related topics: Sustainability, Climate Change, and Waste management. However, Charity remains the largest single topic. Based on the trend analysis, the areas of ESG, Social Impact, and Charity were identified as growth areas in communication, while Green and Philanthropy, on the other hand, were identified as decreasing.

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Section: Resultssupporting

confidence: 89%

Global analysis of Twitter communication in corporate social responsibility area: sustainability, climate change, and waste management

Kvasničková Stanislavská,

Pilař,

Vogli

et al. 2023

PeerJ Computer Science

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“…Second, this study explores the intra-industry spillover effects of digitalization and ESG performance, revealing strategic interactions between firms in the same industry on digitalization and ESG and providing a new perspective for studying digitalization and ESG behavior (Yu et al, 2023; Zainullin & Zainullina, 2021). This study shows a significant positive spillover effect within an industry for both digitalization and ESG performance; that is, an increase in the digitalization or ESG performance of one firm can contribute to the digitalization or ESG performance of other firms in the same industry.…”

Section: Discussionmentioning

confidence: 99%

“…The theoretical implications of this study are mainly reflected in the following aspects: First, it analyzes the possible bidirectional relationship between digitization and ESG performance to overcome the limitations of previous studies that focused on oneway relationships (Li & Pang, 2023;Moro-Visconti, 2022), which effectively expands the theory related to digitization and ESG (Ren et al, 2023;Zainullin & Zainullina, 2021). The results of this study show that there is a significant mutually reinforcing effect between corporate digitalization and ESG performance and that in this two-way relationship, corporate digitalization resides in a relatively dominant position.…”

Section: Theoretical Implicationsmentioning

confidence: 99%

“…The relationship between corporate digitalization and ESG performance is a popular topic in academia (Fang et al, 2023; Ren et al, 2023). The digitization of companies helps makes them more attractive for ESG investments (Zainullin & Zainullina, 2021). Digital technology can help reduce information asymmetry and transaction costs, increase the transparency of corporate information, and help companies improve their governance and fulfill their social responsibilities (Cardinali & De Giovanni, 2022).…”

Section: Concepts and Hypothesesmentioning

confidence: 99%

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Digitalization, Spillover and Environmental, Social, and Governance Performance: Evidence From China

2024

The Journal of Environment & Development

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There is growing interest in the relationship between digitalization and environmental, social, and governance (ESG) performance, but existing research focuses on the one-way relationship and ignores the two-way mechanism. Based on a sample of 3335 listed companies in China in 2020, this study adopts a spatial simultaneous equation model to investigate the bidirectional mechanism between companies’ digitalization and ESG performance. The results show that digitalization and ESG performance have a significant positive two-way mechanism; digitalization enhances ESG performance, while ESG performance promotes digitalization. The results also indicate a significant positive intra-industry spillover effect for both digitization and ESG performance. Further research shows that the relationship between digitization and ESG performance does not differ depending on the definition of spatial weights, however, the spillover effects do differ depending on the definition of spatial weights.

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“…In order to encourage the growth of Slovakia's small and medium-sized businesses,Lorincová's et al (2022) research on corporate culture looked at the strategic application of important values in SMEs from the industrial sector. Managers were urged to include essential clan culture principles into their management practices since this underlines the relevance of people to the company's strategic goals.The relationship between industry and corporate culture was discussed, for example, bySeidu et al (2022);Gazzola et al (2022);Zainullin & Zainullina (2021);Koch et al (2022);Barth & Mansouri (2021);Isensee et al (2022) and another.…”

mentioning

confidence: 99%

Is there an Impact of Company Size and Industry on Corporate Culture? An Empirical Study from the Slovak Republic

Michulek,

Krizanova

2023

Management Dynamics in the Knowledge Economy

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Nowadays, corporate culture has become a strategic priority for companies. It is an important part of companies, as it indicates the overall trend in the behaviour of employees' work relations and processes. At the same time, corporate culture helps employees understand the company, identify with the company's goals, and become part of the company. Some authors consider corporate culture to be the main characteristic that distinguishes successful companies. If a company exhibits a high level of culture, its organizational performance also increases. Therefore, we consider corporate culture to be an integral part of every company. Data for the research was obtained through an online questionnaire. Subsequently, we used the statistical program IBM SPSS 25. To determine the existence of a relationship between company size and corporate culture and between industry and corporate culture, we used Pearson’s χ2 test for contingency tables, as the variables are qualitative. Subsequently, we evaluated the strength of the relationship based on Cramer's V. Subsequently, correspondence analysis was used to display the use of corporate culture for industries according to SK NACE and company size. Using Pearson's χ2 test, we found that there is a weak relationship between firm size and corporate culture, and a moderate relationship between industry and corporate culture. On the basis of correspondence analysis, we found, for example, that micro-enterprises use a culture of power, medium-sized enterprises use a culture of roles, and the electricity and gas supply industry uses a culture of performance. The added value of the article is the topicality of the research and the fact that the results relate to the Slovak Republic and can serve as a basis for further research. As a limitation of our research, we can consider that not all branches of the Slovak economy were represented according to SK NACE.

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Scientific review digitalization of corporate culture as a factor influencing ESG investment in the energy sector

Cited by 16 publications

References 5 publications

Global analysis of Twitter communication in corporate social responsibility area: sustainability, climate change, and waste management

Global analysis of Twitter communication in corporate social responsibility area: sustainability, climate change, and waste management

Digitalization, Spillover and Environmental, Social, and Governance Performance: Evidence From China

Is there an Impact of Company Size and Industry on Corporate Culture? An Empirical Study from the Slovak Republic

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