Digital Revolution in Sustainable Business Models and Finance Management

ISBN: 978-3-0365-7629-9
Penerbit: MDPI
978-3-0365-7629-
Dibaca: 36 kali
At present, the digital economy is creating a new approach to sustainable development. In particular, this relates to the transformation of the traditional economy under the influence of digitalization on finance management processes. The digital economy is affecting changes in resource management p...

At present, the digital economy is creating a new approach to sustainable development. In particular, this relates to the transformation of the traditional economy under the influence of digitalization on finance management processes. The digital economy is affecting changes in resource management processes. Dynamic digital transformation processes are currently taking place and exerting influence on the shaping of new business models. Existing business models are changing, particularly in the context of their life cycle [1]. The new economy means that social factors have greater importance in terms of creating value for people and the natural environment [2]. Trust for financial institutions, a factor in sustainable business models, is an important criterion in business research [3]. The economic model based on the irresponsible use of natural resources has been heavily criticized for years [4]. Societies are beginning to reject business models that have a negative impact on the environment. The use of natural resources should be responsible, especially in the context of investment. Digitalization in financial management processes and investments is a key challenge in theory and practice [5,6]. The impact of the digital revolution on the financial management strategies of enterprises and financial institutions has not yet been widely studied. Additionally, the phenomenon of digitalization in terms of its impact on shaping social business models should be subjected to extensive scientific research. Digitalization is changing the current order and balance of power in global business [7]. Additionally, this process means that traditional business model concepts need to be redefined [8]. The ecological aspects of the economy and their growing role in financial decisions require analysis and empirical verification. The digitalization of financial management processes, especially as it relates to sustainability, has not yet been widely analyzed and studied. Digitalization changes the current view of banking services and investment financing [9]. Additionally, it alters the current principles on which the processes of social economy are based [10]. Therefore, we believe that this topic requires extensive scientific research in order to develop a new and relevant perspective on the area. It is necessary to collect and verify the current state of scientific research in this field. The purpose of this Special Issue is to present the results of research on the current trends and challenges related to the digital revolution in financial management for sustainable development, an issue that requires extensive research and analysis.

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