Digital transformation, ESG, and companies' performance: an exploratory study of the European food sector.

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Authors: Marczewska, Magdalena1 (AUTHOR) mmarczewska@wz.uw.edu.pl, Hegerty, Scott W.2 (AUTHOR), Panwar, Roma3 (AUTHOR), Kostrzewski, Mariusz4 (AUTHOR)
Source: Journal of Technology Transfer. Jun2026, Vol. 51 Issue 3, p1798-1819. 22p.
Subject Terms: *Digital transformation, *Organizational performance, *Corporate sustainability, *Executive ability (Management), *Food industry, *Technological innovations, Sustainability, Digital technology
Geographic Terms: Europe
Abstract: Digital transformation is helping to increase the competitiveness of all types of industries. The food sector provides an interesting area of analysis, given the dynamic changes across Europe in recent decades. As a result, innovation can directly lead to increased material well-being. This study investigates how the managerial and technical capabilities of companies related to digital transformation affect firm performance in this specific sector and region. Applying Principal Components Analysis (PCA) to a set of unique survey data, we construct multivariate indices that capture Managerial Capability, Digital Orientation, Digital Capabilities, and Firm Performance. Bivariate analysis shows positive relationships between this latter index and each of the three others, suggesting that increases in digital transformation improve firm performance. Importantly, we find that companies that file annual reports related to Environmental, Social, and Governance (ESG) have better firm performance on average. This suggests that firms should invest in this type of innovation, particularly that which meets ESG goals. [ABSTRACT FROM AUTHOR]
Database: Entrepreneurial Studies Source
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  Data: <searchLink fieldCode="AR" term="%22Marczewska%2C+Magdalena%22">Marczewska, Magdalena</searchLink><relatesTo>1</relatesTo> (AUTHOR)<i> mmarczewska@wz.uw.edu.pl</i><br /><searchLink fieldCode="AR" term="%22Hegerty%2C+Scott+W%2E%22">Hegerty, Scott W.</searchLink><relatesTo>2</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Panwar%2C+Roma%22">Panwar, Roma</searchLink><relatesTo>3</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Kostrzewski%2C+Mariusz%22">Kostrzewski, Mariusz</searchLink><relatesTo>4</relatesTo> (AUTHOR)
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  Data: <searchLink fieldCode="JN" term="%22Journal+of+Technology+Transfer%22">Journal of Technology Transfer</searchLink>. Jun2026, Vol. 51 Issue 3, p1798-1819. 22p.
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  Data: *<searchLink fieldCode="DE" term="%22Digital+transformation%22">Digital transformation</searchLink><br />*<searchLink fieldCode="DE" term="%22Organizational+performance%22">Organizational performance</searchLink><br />*<searchLink fieldCode="DE" term="%22Corporate+sustainability%22">Corporate sustainability</searchLink><br />*<searchLink fieldCode="DE" term="%22Executive+ability+%28Management%29%22">Executive ability (Management)</searchLink><br />*<searchLink fieldCode="DE" term="%22Food+industry%22">Food industry</searchLink><br />*<searchLink fieldCode="DE" term="%22Technological+innovations%22">Technological innovations</searchLink><br /><searchLink fieldCode="DE" term="%22Sustainability%22">Sustainability</searchLink><br /><searchLink fieldCode="DE" term="%22Digital+technology%22">Digital technology</searchLink>
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  Data: <searchLink fieldCode="DE" term="%22Europe%22">Europe</searchLink>
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  Label: Abstract
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  Data: Digital transformation is helping to increase the competitiveness of all types of industries. The food sector provides an interesting area of analysis, given the dynamic changes across Europe in recent decades. As a result, innovation can directly lead to increased material well-being. This study investigates how the managerial and technical capabilities of companies related to digital transformation affect firm performance in this specific sector and region. Applying Principal Components Analysis (PCA) to a set of unique survey data, we construct multivariate indices that capture Managerial Capability, Digital Orientation, Digital Capabilities, and Firm Performance. Bivariate analysis shows positive relationships between this latter index and each of the three others, suggesting that increases in digital transformation improve firm performance. Importantly, we find that companies that file annual reports related to Environmental, Social, and Governance (ESG) have better firm performance on average. This suggests that firms should invest in this type of innovation, particularly that which meets ESG goals. [ABSTRACT FROM AUTHOR]
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RecordInfo BibRecord:
  BibEntity:
    Identifiers:
      – Type: doi
        Value: 10.1007/s10961-025-10247-1
    Languages:
      – Code: eng
        Text: English
    PhysicalDescription:
      Pagination:
        PageCount: 22
        StartPage: 1798
    Subjects:
      – SubjectFull: Digital transformation
        Type: general
      – SubjectFull: Organizational performance
        Type: general
      – SubjectFull: Corporate sustainability
        Type: general
      – SubjectFull: Executive ability (Management)
        Type: general
      – SubjectFull: Food industry
        Type: general
      – SubjectFull: Technological innovations
        Type: general
      – SubjectFull: Sustainability
        Type: general
      – SubjectFull: Digital technology
        Type: general
      – SubjectFull: Europe
        Type: general
    Titles:
      – TitleFull: Digital transformation, ESG, and companies' performance: an exploratory study of the European food sector.
        Type: main
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            NameFull: Marczewska, Magdalena
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            NameFull: Hegerty, Scott W.
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            NameFull: Panwar, Roma
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            NameFull: Kostrzewski, Mariusz
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            – D: 01
              M: 06
              Text: Jun2026
              Type: published
              Y: 2026
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