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Sustainable Transformation of Romanian Companies through Industry 4.0, Green Production and Environment Commitment

Author

Listed:
  • Georgeta-Madalina Meghisan-Toma

    (Bucharest University of Economic Studies, Romania)

  • Silvia Puiu

    (University of Craiova, Romania)

  • Nicoleta Florea

    (University of Craiova, Romania)

  • Flaviu Meghisan

    (University of Pite?ti. Romania)

  • Roxana Badircea

    (University of Craiova, Romania)

  • Alina Manta

    (University of Craiova, Romania)

Abstract

The main aim of this research article is to develop an econometric model in order to establish the influence of green performance on digitization, green production and environment commitment. The data was collected through a questionnaire- based survey on companies’ representatives. The analysis was made using the Partial Least Square ? Structural Equation Modelling (PLS-SEM) with the statistical software SmartPLS. The results of the research confirm the three hypotheses. Thus, green performance of Romanian companies has a positive impact on green production, digitization and environment commitment. The novelty consists in the interconnected analysis of the four variables (green performance, digitization, green production and environment commitment), the research highlighting valuable results that can be used by the companies to improve their green performance, using green production and digitization. The paper offers a picture of the sustainable transformation of Romanian companies based on the industry 4.0, green production and environment commitment, highlighting the interdependence of the analysed variables. The research is helpful for companies that want to be more responsible towards the environment and the community.

Suggested Citation

  • Georgeta-Madalina Meghisan-Toma & Silvia Puiu & Nicoleta Florea & Flaviu Meghisan & Roxana Badircea & Alina Manta, 2022. "Sustainable Transformation of Romanian Companies through Industry 4.0, Green Production and Environment Commitment," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(59), pages 1-46.
    • Handle: RePEc:aes:amfeco:v:24:y:2022:i:59:p:46
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    File URL: http://www.amfiteatrueconomic.ro/temp/Article_3063.pdf
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    References listed on IDEAS

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    4. Li, Ying & Dai, Jing & Cui, Li, 2020. "The impact of digital technologies on economic and environmental performance in the context of industry 4.0: A moderated mediation model," International Journal of Production Economics, Elsevier, vol. 229(C).
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    7. Nicoleta Mihaela Florea & Georgeta Madalina Meghisan & Cristina Nistor, 2016. "Multiple Linear Regression Equation for Economic Dimension of Standard of Living," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(18), pages 103-108, November.
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    Citations

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    Cited by:

    1. Gabriela Badareu & Nicoleta Mihaela Doran & Silvia Puiu & Roxana Maria Bădîrcea & Alina Georgiana Manta, 2023. "Is the Relationship between Corporate Social Responsibility, Environment and Energy Sufficiently Debated Nowadays?," Energies, MDPI, vol. 16(8), pages 1-17, April.

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    More about this item

    Keywords

    digitization; industry 4.0.; sustainability; environment commitment; green performance; green production.;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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