Digitalization, Digital Transformation and Sustainability in the Global Economy: Risks and Opportunities

This book highlights the opportunities and risks of digitalization and digital transformation for our global economy at both the micro and macro level. Experts from various fields, presenting both scientific and practice-oriented perspectives, identify and critically analyse areas of tension and development potential in connection with new business models and sustainability efforts in our society. It is divided into four parts, the first of which highlights new technological advances in areas such as blockchain, cryptocurrencies and fintechs, and discusses the challenges they pose for public regulation. The second part illustrates digitalization’s effects on and potential advantages for public welfare, focusing on key areas such as education, health and smart cities. The third part focuses on challenges for corporate and public management, particularly for leadership and Corporate Social Responsibility, while the fourth part discusses new dimensions for analysis based on big data.

The contributions gathered here are partly an outcome of the International Conference on Digitalization, Digital Transformation and Sustainability held in Budapest in October 2020 and generously supported by the Hanns Seidel Foundation.

Tim A. Herberger is an Associate Professor and has been the Chair of Entrepreneurship, Finance and Digitalization at Andrássy University Budapest (Hungary). He is also a research fellow at the Department of Finance, University of Bamberg (Germany), where he received his Ph.D. in 2012, and at the Dr. Theo and Friedl Schöller Research Center for Business and Society at Friedrich-Alexander University (FAU), Erlangen-Nuremberg (Germany). His research interests include empirical capital market research, financial intermediation & communication, corporate governance & performance, and digital business models.

Jörg J. Dötsch is an Associate Professor at Andrássy University Budapest (Hungary), where he is chiefly responsible for corporate contacts. He has experience in research on economic policy, especially housing markets and competition, as well as applied economics with regard to the challenges of the knowledge economy and education.