IDEAS home Printed from https://ideas.repec.org/a/ahd/journl/v5y2024i5p22-31.html
   My bibliography  Save this article

Sustainability in the Digital Age: The Impact of Social Performance on the Profitability of Cyber Companies

Author

Listed:
  • Victor Emanuel CIUCIUC

    (National University of Political Studies and Public Administration (SNSPA), Bucharest, Romania)

  • Maria-Manuela CATRINA

    (National University of Political Studies and Public Administration (SNSPA), Bucharest, Romania)

  • Paul Ștefan MARKOVITS

    (National University of Political Studies and Public Administration (SNSPA), Bucharest, Romania)

  • Pompei MITITEAN

    (Bucharest University of Economic Studies)

Abstract

This study explores the relationship between corporate sustainability, focusing on social performance and its impact on financial performance in the technology industry. Using secondary data from the Refinitiv Eikon database, covering 4,825 companies from 2019-2023, the research uses multiple regression models to analyze associations between sustainability variables and key financial indicators, mainly return on assets (ROA) and return on equity (ROE). Findings reveal a robust and statistically significant positive effect of social performance on ROE, complemented by positive impacts of workforce, human rights, community, and product responsibility in the models. In addition, company size consistently demonstrates a strong positive influence on ROE in all models. These results contribute valuable insights into the intersection of sustainability initiatives and financial performance in the technology sector.

Suggested Citation

  • Victor Emanuel CIUCIUC & Maria-Manuela CATRINA & Paul Ștefan MARKOVITS & Pompei MITITEAN, 2024. "Sustainability in the Digital Age: The Impact of Social Performance on the Profitability of Cyber Companies," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 5(5), pages 22-31, May.
    • Handle: RePEc:ahd:journl:v:5:y:2024:i:5:p:22-31
    DOI: 10.37945/cbr.2024.05.03
    as

    Download full text from publisher

    File URL: https://www.ceccarbusinessreview.ro/sustainability-in-the-digital-age-the-impact-of-social-performance-on-the-profitability-of-cyber-companies-a389d/download-PDF/
    Download Restriction: no
    File URL: https://www.ceccarbusinessreview.ro/sustainability-in-the-digital-age-the-impact-of-social-performance-on-the-profitability-of-cyber-companies-a389a/abstract/
    Download Restriction: no
    File URL: https://libkey.io/10.37945/cbr.2024.05.03?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    sustainability; social performance; financial performance; technology sector;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

    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:ahd:journl:v:5:y:2024:i:5:p:22-31. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Radu CIOBANU (email available below). General contact details of provider: .

    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.