IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2024v5p259-265.html
   My bibliography  Save this article

Digital Transformation And The Role Of Financial Stability In Sustainable Development

Author

Listed:
  • NIOATA (CHIREAC) ROXANA-MIHAELA

    (UNIVERSITY OF CRAIOVA, DOCTORAL SCHOOL OF ECONOMIC SCIENCES ”EUGENIU CARADA”, CRAIOVA, ROMANIA)

Abstract

The aim of this research paper is to present how digital transformation can be used to improve the efficiency and transparency of the financial sector, thus contributing to sustainable development. I will also explore how digitalisation can increase access to financial services for marginalised communities and promote financial inclusiveness. These issues could provide an interesting insight into how digital innovations can influence financial stability in the context of sustainable development. Digital transformation can have a significant impact in promoting sustainable development, by using them, organisations can improve operational efficiency, reduce resource consumption and carbon emissions, and optimise production processes. Digitalization can increase access to information and education, thus facilitating informed decisions on sustainability. Innovative solutions to environmental, social and financial problems can be developed through digital technologies, helping to achieve sustainable development goals. Digital transformation in the financial sector refers to the application of technologies, such as big data, artificial intelligence, mobile platforms, blockchain, Internet of Things and more, that are applied to deliver financial services and make financial and investment decisions. Sustainable finance refers to an investment decision-making process in which ESG factors are carefully assessed, with a focus on increasing long-term investment in sustainable projects and economic activities. Successfully integrating these two segments also means that the business is implementing digital transformation in sustainable finance practice.

Suggested Citation

  • Nioata (Chireac) Roxana-Mihaela, 2024. "Digital Transformation And The Role Of Financial Stability In Sustainable Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 5, pages 259-265, October.
    • Handle: RePEc:cbu:jrnlec:y:2024:v:5:p:259-265
    as

    Download full text from publisher

    File URL: https://www.utgjiu.ro/revista/ec/pdf/2024-05/27_Nioata.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jiangbo Yu & Ying Xu & Kai Bai, 2022. "Can Digital Finance Narrow the Household Consumption Gap of Residents on Either Side of the Hu Line?," Sustainability, MDPI, vol. 14(15), pages 1-17, August.
    2. Stanisław Flejterski, 2019. "Sustainable Financial Systems," Palgrave Studies in Impact Finance, in: Magdalena Ziolo & Bruno S. Sergi (ed.), Financing Sustainable Development, chapter 0, pages 269-297, Palgrave Macmillan.
    3. Gerard George & Ryan K. Merrill & Simon J. D. Schillebeeckx, 2021. "Digital Sustainability and Entrepreneurship: How Digital Innovations Are Helping Tackle Climate Change and Sustainable Development," Entrepreneurship Theory and Practice, , vol. 45(5), pages 999-1027, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Inese Mavlutova & Aivars Spilbergs & Atis Verdenhofs & Andris Natrins & Ilja Arefjevs & Tatjana Volkova, 2022. "Digital Transformation as a Driver of the Financial Sector Sustainable Development: An Impact on Financial Inclusion and Operational Efficiency," Sustainability, MDPI, vol. 15(1), pages 1-24, December.
    2. Jinshan Zhang & Man Liu, 2024. "How to Leverage Digital Sustainability Orientation to Promote Environmentally Sustainable Practices of Manufacturing Enterprises in China," Sustainability, MDPI, vol. 16(12), pages 1-20, June.
    3. Muhammad Farooq Islam & Ozge Can, 2024. "Integrating digital and sustainable entrepreneurship through business models: a bibliometric analysis," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 14(1), pages 1-18, December.
    4. Alterskye, Alex & Fuller, Ted & Caputo, Andrea, 2023. "Field dynamics as context – A multi-perspective combined analysis of the effects of context on entrepreneurship," Journal of Business Venturing Insights, Elsevier, vol. 20(C).
    5. Yi Liang & Jung-Mo Koo & Min-Jae Lee, 2024. "The Interplay of Environmental Dynamism, Digitalization Capability, Green Entrepreneurial Orientation, and Sustainable Performance," Sustainability, MDPI, vol. 16(17), pages 1-17, September.
    6. Marek Krok & Paweł Majewski & Wojciech P. Hunek & Tomasz Feliks, 2022. "Energy Optimization of the Continuous-Time Perfect Control Algorithm," Energies, MDPI, vol. 15(4), pages 1-13, February.
    7. Tina C. Ambos & Katherine Tatarinov, 2023. "Fit for solving the grand challenges? From organization design choices to ecosystem solutions," Journal of Organization Design, Springer;Organizational Design Community, vol. 12(4), pages 255-262, December.
    8. Rubee Singh & Amit Joshi & Hiranya Dissanayake & Deshika Nainanayake & Vikas Kumar, 2025. "Harnessing Artificial Intelligence and Human Resource Management for Circular Economy and Sustainability: A Conceptual Integration," Sustainability, MDPI, vol. 17(15), pages 1-19, August.
    9. Klaus E. Meyer & Jiatao Li & Keith D. Brouthers & Ruey-Jer ‘‘Bryan’’ Jean, 2023. "International business in the digital age: Global strategies in a world of national institutions," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(4), pages 577-598, June.
    10. Malte Hager & Khaled Alzafari & Lubna Rashid, 2024. "Media narratives on (Ecological) sustainability: A topic modeling analysis of entrepreneurship news in the MENA region," PLOS Sustainability and Transformation, Public Library of Science, vol. 3(5), pages 1-25, May.
    11. Karolina Bähr & Alexander Fliaster, 2023. "The twofold transition: Framing digital innovations and incumbents' value propositions for sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 32(2), pages 920-935, February.
    12. Fazal Ur Rehman & Basheer M. Al-Ghazali & Adel Ghaleb Haddad & Ehab Abdullatif Qahwash & M. Sadiq Sohail, 2023. "Exploring the Reverse Relationship between Circular Economy Innovation and Digital Sustainability—The Dual Mediation of Government Incentives," Sustainability, MDPI, vol. 15(6), pages 1-21, March.
    13. Julien Gosse & Chris CM Forman & Nicolas van Zeebroeck, 2023. "Adoption of ICT and Environmental Management Practices: Empirical Evidence from European Firms," Working Papers TIMES² 2023-070, ULB -- Universite Libre de Bruxelles.
    14. Thorsten Schoormann & Frederik Möller & Christoph Hoppe & Jan Brocke, 2025. "Digital Sustainability," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 67(3), pages 429-438, June.
    15. Bencsik, Barbara & Palmié, Maximilian & Parida, Vinit & Wincent, Joakim & Gassmann, Oliver, 2023. "Business models for digital sustainability: Framework, microfoundations of value capture, and empirical evidence from 130 smart city services," Journal of Business Research, Elsevier, vol. 160(C).
    16. Albérico Travassos Rosário & Paula Rosa Lopes & Filipe Sales Rosário, 2025. "How Digital Development Leverages Sustainable Development," Sustainability, MDPI, vol. 17(13), pages 1-34, July.
    17. Jeffrey Muldoon & Younggeun Lee & Eric W. Liguori & Saumyaranjan Sahoo & Satish Kumar, 2024. "Mapping the entrepreneurship ecosystem scholarship: current state and future directions," International Entrepreneurship and Management Journal, Springer, vol. 20(4), pages 3035-3080, December.
    18. Khan, Naveed R. & Ameer, Farah & Bouncken, Ricarda B. & Covin, Jeffrey G., 2023. "Corporate sustainability entrepreneurship: The role of green entrepreneurial orientation and organizational resilience capacity for green innovation," Journal of Business Research, Elsevier, vol. 169(C).
    19. Houda Chkarat & Tarek Abid & Loïc Sauvée, 2023. "Conditions for a Convergence between Digital Platforms and Sustainability in Agriculture," Sustainability, MDPI, vol. 15(19), pages 1-14, September.
    20. Patrick Gregori & Patrick Holzmann, 2022. "Entrepreneurial practices and the constitution of environmental value for sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 3302-3317, November.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbu:jrnlec:y:2024:v:5:p:259-265. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ecobici Nicolae The email address of this maintainer does not seem to be valid anymore. Please ask Ecobici Nicolae to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/fetgjro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.