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Change Management, Digital Maturity, and Green Development: Are Successful Firms Leveraging on Sustainability?

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  • Anna Irimiás

    (Corvinus University of Budapest, 1093 Budapest, Hungary)

  • Ariel Mitev

    (Corvinus University of Budapest, 1093 Budapest, Hungary)

Abstract

The purpose of this paper is to capture firms’ perceptions on the relationship between change management, digitalization, business performance, and green development. The adaptation of digital technologies has challenged the business environment, leading to a major incorporation of the role of entrepreneurs in the process of fostering green development. Building on data from a survey study with 270 Small and Medium Enterprises (SMEs) and large companies located in a relatively developed Hungarian region and adopting the Strategic Action Field (SAF) theory, firms’ perceptions on change management, digital maturity, and green development were explored. The data was analyzed using partial least squares structural equation modelling (PLS-SEM). Results revealed that change management has a direct positive effect on digital maturity and on business performance and has a small effect on companies’ commitment towards green development. This paper contributes to the debate on the relationship between digitalization and green development within entrepreneurial organizations.

Suggested Citation

  • Anna Irimiás & Ariel Mitev, 2020. "Change Management, Digital Maturity, and Green Development: Are Successful Firms Leveraging on Sustainability?," Sustainability, MDPI, vol. 12(10), pages 1-13, May.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:10:p:4019-:d:358043
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    Cited by:

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    2. Astadi Pangarso & Kristina Sisilia & Retno Setyorini & Yahya Peranginangin & Agni Alam Awirya, 2022. "The long path to achieving green economy performance for micro small medium enterprise," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-19, December.
    3. Lee, Chien-Chiang & Wang, Fuhao, 2022. "How does digital inclusive finance affect carbon intensity?," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 174-190.
    4. Sascha Fuerst & Odille Sanchez-Dominguez & Miguel Angel Rodriguez-Montes, 2023. "The Role of Digital Technology within the Business Model of Sustainable Entrepreneurship," Sustainability, MDPI, vol. 15(14), pages 1-17, July.
    5. Joan Torrent‐Sellens & Pilar Ficapal‐Cusí & Mihaela Enache‐Zegheru, 2023. "Boosting environmental management: The mediating role of Industry 4.0 between environmental assets and economic and social firm performance," Business Strategy and the Environment, Wiley Blackwell, vol. 32(1), pages 753-768, January.
    6. Pinto, Marcelo Rezende & Salume, Paula Karina & Barbosa, Marcelo Werneck & de Sousa, Paulo Renato, 2023. "The path to digital maturity: A cluster analysis of the retail industry in an emerging economy," Technology in Society, Elsevier, vol. 72(C).

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