THE ROLE OF DIGITAL ECONOMY AND SOCIETY IN PROMOTING GREEN ACCOUNTING FINANCE: FRESH INSIGHTS FROM NEW ESTIMATION
DOI:
https://doi.org/10.2478/eoik-2025-0093Ključne reči:
digitl economy and society, green accounting financing, European countriesApstrakt
Objectives of the Study: This study attempts to empirically investigate
the connections of digital society and economy (DESI) on green ac-
counting finance (GAF) by applying diverse econometric methods to a
global sample of 24 nations during the 2010 - 2022 stage.
Methodology: Four e-commerce measures are used to evaluate digital
enterprises: online sales, electronic commerce sales, electronic trade
web sales, and electronic commerce turnover. Additionally, two as-
pects of e-business are evaluated: CRM and cloud services. Various
econometric techniques are used to support our conclusions, including
modeling with PCSE and FGLS estimation. These methods work well
with data with a cross-sectional dependency and may present certain
econometric challenges, such as heteroskedasticity, endogeneity, and
multicollinearity. Economists and decision-makers can choose a suit-
able strategic path for sustainable development by promoting digitali-
zation and green accounting finance with the aid of this paper’s results.
Result: The estimation results demonstrate that digital transformation
into society and economy promotes green accounting finance. We ob-
tain solid results by employing more explanatory variables and uti-
lizing various econometric approaches. The conclusion is that these
activities help enhance green finance.
Conclusion: Our findings indicate that the promotion of digitization
is essential for the successful implementation of green accounting fi-
nancing initiatives across European countries.
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