The Future of Sustainable Finance: Digital and Circular Synergies

A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Sustainability and Finance".

Deadline for manuscript submissions: 31 August 2025 | Viewed by 2829

Special Issue Editors


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Guest Editor
Liverpool Business School, Liverpool John Moores University, Redmonds Building, Brownlow Hill, Liverpool, UK
Interests: corporate governance; auditing; accounting regulation; Islamic finance; fintech

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Guest Editor
Department of Accounting, Business School, Mutah University, Mutah 610170, Karak, Jordan
Interests: accounting; corporate reporting and sustainability; auditing; corporate governance; accounting education

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Guest Editor
Department of Accounting and Finance, Liverpool Business School, Liverpool John Moores University, Redmonds Building, Brownlow Hill, Liverpool, UK
Interests: accounting; corporate reporting and sustainability; auditing; corporate governance; accounting education

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Guest Editor
School of Business and Law, University of Birmingham Dubai, Dubai International Academic City, Dubai P.O. Box 341799, United Arab Emirates
Interests: accounting; finance; business analytics
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Special Issue Information

Dear Colleagues,

The financial world is undergoing a significant transformation, with a focus on creating an economic balance that supports long-term resilience and growth. This Special Issue explores three critical pillars reshaping finance today: ESG integration, green accounting practices, and innovative financial models. Rather than treating these areas as isolated concepts, our aim is to examine their intersections and practical applications for achieving stable and balanced economic outcomes in real-world contexts.

The conversation around climate risks, financial stability, and responsible investment strategies has often been dominated by abstract ideals. This Special Issue seeks to bring clarity by examining how regulation and technology, such as blockchain and AI, are driving tangible improvements in transparency, accountability, and strategic decision-making. It also highlights the incentives businesses now face to align operational efficiency with circular economic principles, focusing on real impacts rather than theoretical constructs.

Our contributors will provide pragmatic analyses of how financial systems can better support sustainable growth by fostering economic efficiency, aligning with the concept of “Economicità Aziendale” (Pietro Onida). We encourage empirical and case-based research to demonstrate how ESG considerations can directly enhance financial and operational performance, how green accounting frameworks can refine decision-making processes, and how innovative financing tools can unlock untapped opportunities.

This Special Issue will serve as a guide for policymakers, scholars, and practitioners to adapt and thrive in a complex financial context. The emphasis is on tools and strategies that promote equilibrium between profitability and responsibility, offering solutions that not only align with evolving regulatory and market demands but also deliver measurable economic value.

We invite contributions that challenge the status quo, presenting actionable pathways for integrating these concepts into everyday financial practices. Together, we aim to move beyond aspirational discourse and focus on achievable economic strategies that ensure enduring relevance and value creation in a rapidly shifting world.

Dr. Ahmed Eltweri
Dr. Krayyem Al-Hajaya
Dr. Nedal Sawan
Dr. Alessio Faccia
Guest Editors

Manuscript Submission Information

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Keywords

  • sustainable finance
  • circular economy
  • green accounting
  • ESG integration
  • climate risk
  • financial stability
  • green financial strategies
  • technological innovation in finance
  • regulatory frameworks for sustainability
  • long-term value creation
  • Economicità Aziendale

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Published Papers (2 papers)

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Research

14 pages, 958 KiB  
Article
The Moderating Role of Auditor Experience on Determinants of Computer-Assisted Auditing Tools and Techniques
by Tasneem Alsarayrah and Basel J. A. Ali
J. Risk Financial Manag. 2025, 18(4), 206; https://doi.org/10.3390/jrfm18040206 - 11 Apr 2025
Viewed by 281
Abstract
This study indicates that internal auditors need to fully adopt CAATs to improve the efficiency of auditing tasks. This paper investigates the determinants influencing CAAT adoption among internal auditors in Jordanian firms. This study investigates the roles of performance expectancy, effort expectancy, social [...] Read more.
This study indicates that internal auditors need to fully adopt CAATs to improve the efficiency of auditing tasks. This paper investigates the determinants influencing CAAT adoption among internal auditors in Jordanian firms. This study investigates the roles of performance expectancy, effort expectancy, social influence, and facilitating conditions on the adoption of CAATs. Also, this study investigates the moderating variable of auditor experience. The data were collected using a survey that was sent to 420 internal auditors in auditing firms in Jordan. A total of 291 responses were collected, of which 279 proved to be valid for study. This study found that the adoption of CAATs is influenced by performance expectancy, facilitating conditions, social influence, and auditor experience. Conversely, effort expectancy has no influence. Furthermore, auditor experience moderates the relationship between performance expectancy and facilitating conditions for CAAT adoption. This study found that auditor experience does not moderate the relationship between effort expectancy or social influence and CAATs in auditing firms in Jordan. Full article
(This article belongs to the Special Issue The Future of Sustainable Finance: Digital and Circular Synergies)
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19 pages, 967 KiB  
Article
The Role of Organizational Culture in Digital Transformation and Modern Accounting Practices Among Jordanian SMEs
by Elina F. Hasan, Mohammad Abdalkarim Alzuod, Khalid Hasan Al Jasimee, Sajead Mowafaq Alshdaifat, Areej Faeik Hijazin and Laith T. Khrais
J. Risk Financial Manag. 2025, 18(3), 147; https://doi.org/10.3390/jrfm18030147 - 10 Mar 2025
Viewed by 2085
Abstract
This study investigates the impact of digital transformation on modern accounting practices among Jordanian SMEs, focusing on the moderating role of organizational culture. Digital transformation using AI, blockchain, and cloud computing improves operational efficiency, real-time financial reporting, and decision making. However, the integration [...] Read more.
This study investigates the impact of digital transformation on modern accounting practices among Jordanian SMEs, focusing on the moderating role of organizational culture. Digital transformation using AI, blockchain, and cloud computing improves operational efficiency, real-time financial reporting, and decision making. However, the integration of these technologies poses challenges such as skill gaps, cost constraints, and cultural resistance. A quantitative survey of 480 employees in managerial roles from Jordanian SMEs shows that organizational culture plays a dual role as a driver and moderator of digital transformation. The findings confirm the role of digital transformation in reshaping modern accounting practices. Also, this study shows that to get the most out of digital transformation in accounting, a culture of innovation and continuous learning is required. Full article
(This article belongs to the Special Issue The Future of Sustainable Finance: Digital and Circular Synergies)
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