DIGITAL TRANSFORMATION AND SUSTAINABLE DEVELOPMENT: EVIDENCE FROM LISTED STEEL ENTERPRISES
DOI:
https://doi.org/10.18623/rvd.v23.5969Palavras-chave:
Digital Transformation, Sustainable Development, Listed Steel EnterprisesResumo
This study analyzes the impact of digital transformation on the sustainable development of listed steel enterprises in Vietnam during the period 2020–2025. In the context of the steel industry facing cost pressures, high energy intensity, and market volatility, digital transformation is regarded as a strategic capability aimed at enhancing firms’ operational efficiency and adaptive capacity. Based on a panel dataset collected from financial statements and annual reports, the study employs panel data regression models, including fixed effects (FE) and random effects (RE), combined with the Hausman test to select the most appropriate model specification. The empirical results demonstrate that digital transformation has a positive and statistically significant impact on firms’ sustainable development. This finding implies that investment in digital technologies and the reconfiguration of business processes can improve resource utilization efficiency and strengthen long-term growth performance. Robustness checks further confirm the stability and reliability of the empirical results. Accordingly, the study proposes policy implications aimed at promoting digital transformation in the steel industry, thereby contributing to the orientation of sustainable development in the context of emerging economies that are shifting toward technology-driven and innovation-based growth models.
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