Reinforcing financial and accounting resilience in digital circular platforms: The strategic role of digital governance and organizational culture

Digital circular platforms are a new form of socio-technical ecosystems integrating digital technologies, financial innovation and organizational sustainability practices designed to build resilience and regenerative value. This research studied the effect of digital platform functionality, digital governance maturity and platform-based financial mechanism on financial and accounting resilience through the mediating impact of organisational culture for sustainability and circular business model innovation. Using dynamic capabilities view and socio-technical systems theory as a theoretical foundation, the current research develops and tests a serial mediation model using data from 297 professionals. Digital governance maturity and platform-based financial mechanism improve financial and accounting resilience significantly to a considerable degree. Organisational culture for sustainability and circular business model innovation exhibit serial mediating effects. Thus, it confirms that a mechanism exists between digital and financial enablers leading to resilience outcomes. The considerable variance in financial and accounting resilience can be explained by the model. Therefore, it can be inferred that adaptive governance and innovation-driven culture are critical to sustaining circular digital ecosystems. This study enhances the understanding of how digital governance and circular innovation are linked through organizational culture-based mediating pathways. Practically, it provides actionable guidance for platform managers and policymakers to facilitate their establishment of integrative digital financial and accounting systems that generate resilience, adaptability, and long-term sustainability for circular business systems.