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Digital Innovation and Technology Transfer in Emerging Markets and/or from Emerging Markets

A special issue of Sustainability (ISSN 2071-1050).

Deadline for manuscript submissions: 8 October 2024 | Viewed by 4035

Special Issue Editors


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Guest Editor
HUFS Business School, Hankuk University of Foreign Studies, Seoul 02450, Republic of Korea
Interests: knowledge acquisition from MNEs; MNE subsidiary performance; corporate social responsibility of MNEs; the impacts of FDI on economic growth
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
Department of Global Business, Mokwon University, Daejeon, Republic of Korea
Interests: ESG; sustainable management; ecosystem strategy; digitalization capability and strategy
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

Digitalization has affected many areas of business environments and firms’ activities (Björkdahl, 2020). Due to this reason, the influence of digital transformation and digitization on firms’ business innovation has become a major research topic (Verhoef et al., 2021). In particular, the interest in digital technology and its applications to firms’ sustainability have increased in recent years (George, Merrill, and Schillebeeckx, 2021; Samuel, Lucivero, and Somavilla, 2022). Technological advances have brought various advantages to firms’ management activities, such as productivity improvement and resource conservation (Xie, Wu, and Wang, 2021). A growing number of firms are striving to leverage digital technologies and capabilities to drive sustainable business innovation (Gregori and Holzmann, 2020). Therefore, it is essential to consider the sustainable implications of digitalization in business environments. Meanwhile, emerging markets are currently experiencing both digital disruption and sustainability pressures (Samuel et al., 2022). Growth in emerging markets yields robust and good economic output; however, this also results in problems for many social and environmental sectors (Dana, Salamzadeh, Mortazavi, and Hadizadeh, 2022). For example, global energy consumption is growing at a rapid pace, with one of the main reasons being strong economic growth in emerging economies. This development will create carbon lock-in. In addition, emerging economies are suffering from a technological innovation gap that separates them from their global competitors (Ma and Zhu, 2022). While some firms in emerging countries are quick to respond and are competitive with changes through innovative ideas and product development based on digital technologies, most are struggling. Consequently, the importance of securing the capabilities of firms to utilize digital technologies in emerging countries is growing (Sharma et al., 2021). In this vein, as multinational corporations (MNCs) from developed countries concentrate more of their business activities in emerging markets, there is growing pressure to overcome the risks of host regulators and drive sustainable development (Fazal, Al Mamun, Wahab, and Mohiuddin, 2019). In this situation, technology transfer is seen as a useful way for firms in emerging economies to improve their sustainability (Fazal, Wahab, Yaacob, and Zawawi, 2016). Some MNCs transfer advanced technology to their subsidiaries to increase their competitiveness and contribute to the sustainable development of their local countries (Malairaja and Zawdie, 2004). Although much has been discussed both by practitioners and scholars, no comprehensive synthesis has been undertaken yet on the academic work on (digital) technology transfer for sustainable development, as far as we are aware. This Special Issue aims to provide a comprehensive picture of digital technology transfer by soliciting submissions from researchers who examine diverse theoretical perspectives, adopt diverse empirical approaches, and conduct multiple levels of analysis, as well as qualitative and quantitative experiments, literature reviews, and meta-analyses.

References:

  1. Björkdahl, J. Strategies for digitalization in manufacturing firms. Calif. Manage. Rev. 2020, 62, 17–36.
  2. Verhoef, P.C.; Broekhuizen, T.; Bart, Y.; Bhattacharya, A.; Qi Dong, J.; Fabian, N.; Haenlein, M. Digital transformation: A multidisciplinary reflection and research agenda. J. Bus. Res. 2021, 122, 889–901.
  3. George, G.; Merrill, R.K.; Schillebeeckx, S.J. Digital sustainability and entrepreneurship: How digital innovations are helping tackle climate change and sustainable development. Entrep. Theory Pract. 2021, 45, 999–1027.
  4. Xie, Z.; Wu, R.; Wang, S. How technological progress affects the carbon emission efficiency? Evidence from national panel quantile regression. J. Clean. Prod. 2021, 307, 127133.
  5. Gregori, P.; Holzmann, P. Digital sustainable entrepreneurship: A business model perspective on embedding digital technologies for social and environmental value creation. J. Clean. Prod. 2020, 272, 122817.
  6. Samuel, G.; Lucivero, F.; Somavilla, L. The environmental sustainability of digital technologies: Stakeholder practices and perspectives. Sustainability 2022, 14, 3791.
  7. Dana, L.-P.; Salamzadeh, A.; Mortazavi, S.; Hadizadeh, M. Investigating the Impact of International Markets and New Digital Technologies on Business Innovation in Emerging Markets. Sustainability 2022, 14, 983.
  8. Ma, D.; Zhu, Q. Innovation in emerging economies: Research on the digital economy driving high-quality green development. J. Bus. Res. 2022, 145, 801–813.
  9. Sharma, M.; Kamble, S.; Mani, V.; Sehrawat, R.; Belhadi, A.; Sharma, V. Industry 4.0 adoption for sustainability in multi-tier manufacturing supply chain in emerging economies. J. Clean. Prod. 2021, 281, 125013.
  10. Fazal, S.A.; Al Mamun, A.; Wahab, S.A.; Mohiuddin, M. Social and environmental sustainability, host country characteristics, and the mediating effect of improved working practices: Evidence from multinational corporations in Malaysia. Asia Pac. Bus. 2019, 20, 102–124.
  11. Fazal, S.A.; Wahab, S.A.; Yaacob, A.S.B.; Zawawi, N.F.M. Host-country market environment, intra-firm technology transfer performance and corporate sustainability: A conceptual study. Int. J. Bus. Manag. 2016, 11, 91–101.
  12. Malairaja, C.; Zawdie, G. The ‘black box’syndrome in technology transfer and the challenge of innovation in developing countries. The case of international joint venturesin Malaysia. Int. J. Technol. Manag. Sustain. Dev. 2004, 3, 233–252.

Dr. Byung Il Park
Prof. Dr. Min-jae Lee
Guest Editors

Manuscript Submission Information

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Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • digital innovation as part of organizational strategy
  • digital innovation as a conduit for sustainable growth
  • digital innovation as a means to reinvent new products and services
  • digital innovation to develop sustainable business models
  • digital technology transfers to compete against rivals in emerging markets
  • digital technology transfers to promote innovative practices in emerging markets
  • digital technology transfers to drive sustainable development in emerging markets
  • digital technology transfers to make the supply chain and value chain more efficient and long-lived firms (i.e., proxy for sustainability)

Published Papers (3 papers)

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Research

24 pages, 1484 KiB  
Article
Harnessing FinTech for Sustainable Finance in Developing Countries: An Integrated SWOT–Multi-Level Perspective Analysis of Mongolia
by John Yang and Sang-Uk Jung
Sustainability 2024, 16(10), 4102; https://doi.org/10.3390/su16104102 - 14 May 2024
Viewed by 145
Abstract
This research paper investigates the potential of FinTech solutions in promoting sustainable finance in Mongolia, an emerging market economy with a burgeoning FinTech landscape. This study explores how Mongolia leverages FinTech innovations to advance sustainable development goals. Utilizing secondary data sourced from Mongolian [...] Read more.
This research paper investigates the potential of FinTech solutions in promoting sustainable finance in Mongolia, an emerging market economy with a burgeoning FinTech landscape. This study explores how Mongolia leverages FinTech innovations to advance sustainable development goals. Utilizing secondary data sourced from Mongolian government agencies, global financial organizations, academic institutions, market research firms, and industry associations, we conducted an integrated SWOT-MLP analysis of Mongolia’s FinTech industry, which includes the FinTech business models, ecosystem, regulatory frameworks, traditional financial institutions, and stakeholders. This study presents a comprehensive analysis of the opportunities and challenges facing Mongolia in integrating FinTech into its sustainable finance agenda, and SWOT-based strategies. Full article
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19 pages, 1232 KiB  
Article
Expediting Time to Market: Evaluating the Effects of Change Control Board Performance in Emerging Markets
by Sanaullah Irfan, Jamshid Ali, Imdadullah Hidayat-ur-Rehman, Muddasar Ghani Khwaja, Joanna Rosak-Szyrocka and Attila Kovacs
Sustainability 2023, 15(22), 16085; https://doi.org/10.3390/su152216085 - 18 Nov 2023
Viewed by 1512
Abstract
This study aims to assess how the performance of Change Control Boards (CCBs) influences the relationship between requirements uncertainty and the Time to Market (TTM) of software projects in emerging markets. We collected data through a structured questionnaire, conducting surveys in project-based IT [...] Read more.
This study aims to assess how the performance of Change Control Boards (CCBs) influences the relationship between requirements uncertainty and the Time to Market (TTM) of software projects in emerging markets. We collected data through a structured questionnaire, conducting surveys in project-based IT organizations across various cities in Pakistan. This research adopts a quantitative approach, employing software project houses as the unit of analysis. We selected 38 software projects out of 50 using a multi-stage sampling method and analyzed the data using Smart PLS 4.0 and SPSS 23. The results reveal that requirements uncertainty has a significant impact on Time to Market (TTM) conditions. Our study concludes that the presence and effective performance of CCBs can substantially reduce TTM. Additionally, higher CCB performance can expedite TTM, particularly when requirements lack precision initially. The study underscores the profound influence of requirements uncertainty on TTM in software projects. It provides organizations with insights into the critical role of CCBs, the consequences of uncontrolled changes in the absence or ineffectiveness of CCBs, and how requirements uncertainty affects software project development and timelines. This research contributes to software management and product development processes by highlighting the importance of requirement engineering during the planning phase to address uncertainty issues and enhance CCB performance. Full article
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14 pages, 478 KiB  
Article
Institutional Pressures on Sustainability and Green Performance: The Mediating Role of Digital Business Model Innovation
by Yi Liang, Chenyu Zhao and Min-Jae Lee
Sustainability 2023, 15(19), 14258; https://doi.org/10.3390/su151914258 - 27 Sep 2023
Cited by 1 | Viewed by 1556
Abstract
The purpose of this study is to examine the mediating role of digital business model innovation (DBMI) in the relationship between institutional pressures (i.e., regulation and normative pressures) on sustainability and green performance. To verify our hypotheses, we performed the structural equation model [...] Read more.
The purpose of this study is to examine the mediating role of digital business model innovation (DBMI) in the relationship between institutional pressures (i.e., regulation and normative pressures) on sustainability and green performance. To verify our hypotheses, we performed the structural equation model as an analytical technique using 396 datasets from firms listed on the China Stock Exchange. The structural results showed that institutional pressures had a positive effect on DBMI, and that DBMI had a significant effect on green performance. The analysis also supports the full mediation role of DBMI between institutional pressures and green performance. We believe that our findings contribute to ongoing knowledge by enriching institutional perspectives on sustainable management and providing managers with practical implications on how to drive DBMI. Full article
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