Digital maturity and corporate sustainability: Evaluating efficiency dynamics in an emerging market context

IF 4.9 2区社会学 Q2 ENVIRONMENTAL SCIENCES

Sustainable Futures Pub Date : 2025-06-11 DOI:10.1016/j.sftr.2025.100843

Mustafa K. Yilmaz , Mine Aksoy , Ekrem Tatoglu , Erkan Bayraktar

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引用次数: 0

Abstract

This study examines the impact of digital maturity (DM) on corporate sustainability efficiency (CSE) among companies listed on Borsa Istanbul in Turkey. Using panel data (2018–2022) from 30 non-financial firms, we construct a corporate digitalization index (CDI) as a proxy for DM through text mining analysis of digital-related terms in annual reports. CSE is evaluated via data envelopment analysis (DEA), utilizing environmental, social, and governance (ESG) scores of sustainability as inputs and profitability ratios as outputs. Panel regression analysis reveals a U-shaped curvilinear relationship, indicating that firms initially experience reduced efficiency due to high investment costs and adaptation challenges but subsequently achieve increased efficiency as they realize operational and strategic gains from advanced DM. These findings highlight the nonlinear dynamics of digital capability development, offering practical implications for firms aiming to optimize their sustainability strategies through effective digital transformation.

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数字化成熟度与企业可持续性：评估新兴市场背景下的效率动态

本研究考察了数字成熟度（DM）对土耳其Borsa Istanbul上市公司的企业可持续发展效率（CSE）的影响。利用来自30家非金融企业的面板数据（2018-2022），我们通过对年度报告中数字相关术语的文本挖掘分析，构建了企业数字化指数（CDI）作为DM的代理。CSE通过数据包络分析（DEA）进行评估，利用环境、社会和治理（ESG）可持续性得分作为输入，盈利比率作为输出。面板回归分析揭示了一个u型曲线关系，表明企业最初由于高投资成本和适应挑战而降低了效率，但随后随着企业从先进的数字化决策中实现运营和战略收益而提高了效率。这些发现突出了数字化能力发展的非线性动态。为旨在通过有效的数字化转型优化其可持续发展战略的公司提供实际意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Sustainable Futures Social Sciences-Sociology and Political Science

CiteScore

9.30

自引率

1.80%

发文量

审稿时长

71 days

期刊介绍： Sustainable Futures: is a journal focused on the intersection of sustainability, environment and technology from various disciplines in social sciences, and their larger implications for corporation, government, education institutions, regions and society both at present and in the future. It provides an advanced platform for studies related to sustainability and sustainable development in society, economics, environment, and culture. The scope of the journal is broad and encourages interdisciplinary research, as well as welcoming theoretical and practical research from all methodological approaches.