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Beyond The Numbers: The Impact Of Accounting Profession Digitalisation On Eu Sme S Innovation

Author

Listed:
  • MITA Veronica

    (University of Craiova)

  • MAN Mariana

    (University of Petrosani, University of Craiova)

Abstract

Digital transformation is the main driver of innovation in organisations. In turn, innovation shapes markets, supports digital transformation and the transition to a digital economy. The aim of this paper is to determine what role the digitalisation of the accounting profession plays in the EU SMEs innovation and to answer the question: Can the digitalisation of the accounting profession affect SMEs innovation? More specifically, this study determines the influence of Internet connection, use of ERP software, use of cloud computing services, exploitation of Office applications, running a financial-accounting software and having a policy on cyber security in financial-accounting activities on innovation in SMEs. This analysis was based on the econometric multiple linear regression model. The results of the study reflect the significant role that the digitalisation of the accounting profession plays in the innovation process of SMEs in the EU by 2021. The overall findings of the study refer to the fact that the digitalisation of the accounting profession is a driver of innovation in organisations, and that SMEs innovation occurs during the adoption and implementation by accounting professionals of a secure Internet connection, advanced information technologies and constant use of cloud technology to process and understand economic transactions.

Suggested Citation

  • MITA Veronica & MAN Mariana, 2025. "Beyond The Numbers: The Impact Of Accounting Profession Digitalisation On Eu Sme S Innovation," Revista Economica, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 77(2), pages 78-95, December.
    • Handle: RePEc:blg:reveco:v:77:y:2025:i:2:p:78-95
    DOI: 10.56043/reveco-2025-0015
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    References listed on IDEAS

    as
    1. Radicic, Dragana & Petković, Saša, 2023. "Impact of digitalization on technological innovations in small and medium-sized enterprises (SMEs)," Technological Forecasting and Social Change, Elsevier, vol. 191(C).
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    3. Ardito, Lorenzo & Raby, Simon & Albino, Vito & Bertoldi, Bernardo, 2021. "The duality of digital and environmental orientations in the context of SMEs: Implications for innovation performance," Journal of Business Research, Elsevier, vol. 123(C), pages 44-56.
    Full references (including those not matched with items on IDEAS)

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    Keywords

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    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other

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