scholarly journals Where Is the Age of Digitalization Heading? The Meaning, Characteristics and Implications of Contemporary Digital Transformation

2021 ◽  
Vol 13 (16) ◽  
pp. 8909
Author(s):  
Seunghyun Kim ◽  
Byungchul Choi ◽  
Yongkyu Lew
Keyword(s):  
Digital Divide ◽  
Firm Size ◽  
High Growth ◽  
Digital Transformation ◽  
Sustainable Growth ◽  
Industry Convergence ◽  
Industry Type ◽  
Innovation Activities ◽  
Growth Firms

Digital transformation is perceived not only as a change in certain technology but also as a large transition that will ultimately change our lives for the better. Industry convergence, the key to digital transformation, entails, for firms, both various opportunities for innovation and the crisis of falling behind. Therefore, from the perspective of firms, it is critical to examine how digital transformation affects their industries and products as well as how they perceive and respond to digital transformation. This is ultimately a matter of how firms survive and maintain sustainable growth in this great upheaval of digital transformation. Based on the understanding of the concept of digital transformation, this study explores how high-growth firms perceive various aspects of digital transformation. The findings show that digital transformation involves a change of firms based on constant innovation, not simply the acceptance of technology, and that there is a large digital divide that depends on the firm size and industry type. Based on the above, this study derives implications in terms of the innovation activities of firms to ensure that digital transformation does not serve as a handicap and barrier for firms.

scholarly journals Exploratory Study on Digital transformation: Capabilities and Expected Performances

2022 ◽  
Vol 132 ◽  
pp. 01014
Author(s):  
Byungchul Choi ◽  
Seunghyun Kim
Keyword(s):  
Digital Divide ◽  
Performance Improvement ◽  
Firm Size ◽  
Exploratory Study ◽  
High Growth ◽  
Digital Transformation ◽  
Macro Level ◽  
Industry Type ◽  
Expected Performance

Nowadays many firms encounter the macro-level changes called digital transformation and research on it has drastically increased since 2014. In response to this emerging phenomenon, this study explores how firms prepare for digital transformation and what do they expect from it. More specially, based on the survey from 439 Korean scaleup firm (high-growth firm), we suggest the concepts to necessary capabilities for and expected performance improvement through digital transformation. Our study illustrates that how a firm’s perceptions on those concepts varies upon firm size and industry type. Additionally, our study offers a clue for ‘digital divide’ that can potentially threaten the survival of numerous firms.

"High and Sustainable Growth: Persistence, Volatility, and Survival in High Growth Firms"

2016 ◽  
Vol 2016 (1) ◽  
pp. 17798
Author(s):  
Serban Mogos ◽  
Alexander Davis ◽  
Rui Baptista
Keyword(s):  
High Growth ◽  
Sustainable Growth ◽  
Growth Firms

Emissions Responsibility and Relative Importance of the Productive Sectors in Turkey: 2002-2011

2014 ◽  
Author(s):  
Celal Taşdoğan ◽  
Bilgen Taşdoğan
Keyword(s):  
Air Pollutants ◽  
Economic Value ◽  
Value Added ◽  
High Growth ◽  
Air Pollutant ◽  
Sustainable Growth ◽  
Environmental Damage ◽  
Relative Importance ◽  
Input Output ◽  
Key Sectors

Turkey has realized high growth rates during the period of 2002-2011, except in 2008 and 2009 years. It is thought that the rapidly growing in the country may cause a lot of environmental damage, especially air pollution problems. In other words, the productive sectors have produced two outputs which are economic value added and air pollutants. This study used input output matrixes are to find out the strategically important sectors as it is known key sectors and weak sectors caused the environmental effects in the country. For this purpose, it has been tried to investigate air pollutant quantities which caused by the production process of the sectors in the period of 2002-2011 and performed the input-output tables for Turkey constructed in the World Input Output Database (WIOD) Project. These input-output tables include the emission satellite accounts, which are CO2 emissions and other air pollutants, respectively N2O, CH4, N2O, NOx, SOx, CO, NMVOC and NH3, disaggregated for the 34 sectors. It is expected that the outcomes of the study may contribute to sustainable growth debates and environmental policy implementations in Turkey.

Earnings Management, Litigation Risk, and Asymmetric Audit Fee Responses

2006 ◽  
Vol 25 (1) ◽  
pp. 85-98 ◽  
Author(s):  
Lawrence J. Abbott ◽  
Susan Parker ◽  
Gary F. Peters
Keyword(s):  
Earnings Management ◽  
High Growth ◽  
Audit Fees ◽  
Discretionary Accruals ◽  
Litigation Risk ◽  
Audit Fee ◽  
Growth Firms ◽  
Price Earnings Ratio ◽  
Year 2000 ◽  
Conservative Bias

This study examines the association between audit fees and earnings management, using publicly available fee data. We hypothesize that, due to asymmetric litigation effects, audit fees decrease (increase) with a client's risk of income-decreasing (increasing) earnings management risk. We also hypothesize that the positive relation between income-increasing earnings management risk and audit fees is heightened for clients that are high-growth firms. We test our hypotheses with a sample of 429 public, non-regulated, Big 5 audited companies, using fee data for the year 2000. We find that downward earnings management risk, as estimated by negative (i.e., income-decreasing) discretionary accruals, is associated with lower audit fees. We also document that upward earnings management risk, as estimated by positive discretionary accruals, is associated with higher audit fees and that the interaction of this risk with an industry-adjusted price-earnings ratio has an incrementally significant, positive effect on fees. We interpret our findings as consistent with a conservative bias on the part of auditors. The conservative bias arises from asymmetric litigation risk in which income-increasing discretionary accruals exhibit greater expected litigation costs than income-decreasing discretionary accruals (Simunic and Stein 1996; Palmrose and Scholz 2004; Palmrose et al. 2004; Richardson et al. 2002; Heninger 2001).

Explaining the Growth Potential of a Market Leader and Challenger: Evidence from Japan’s Telecommunications Services Industry

2021 ◽  
pp. 227853372198952
Author(s):  
Mostafa Saidur Rahim Khan ◽  
Naheed Rabbani
Keyword(s):  
High Growth ◽  
Growth Potential ◽  
Book Value ◽  
Good Investment ◽  
Growth Firms ◽  
Price Earnings Ratio ◽  
Equity Ratio ◽  
Market Leader ◽  
Services Industry ◽  
Telecommunications Services

This study examines the growth potential of the market leader and market challenger in Japan’s telecommunications services industry. We focus on Nippon Telegraph and Telephone Corporation (NTT) and KDDI, the market leader and challenger (respectively) in terms of sales revenue, total assets, and market share. Following finance literatures, we use higher values of price–earnings ratio (P/E) and market-to-book-value-of-equity ratio (MV/BV) as the indicators of growth potential. High growth firms have the potential to outperform the overall market over a significant period of time providing a good investment opportunity for retail and institutional investors. This study uses financial data of the NTT and KDDI from the period between 2001 and 2016 and applies several regression models to examine the growth potential of the market leader and market challenger in Japan’s telecommunications services industry. Using the P/E and MV/BV as indicators of growth potential, we show that the market challenger’s growth potential is significantly higher than that of the market leader, even after controlling for firm size, liquidity, profitability, leverage, cash flow, and age.

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