The impacts of sustainable industrial revolution (IR) on the profitability of Hungarian food companies
There is growing literature on the concept and objectives of corporate sustainability (CS), but less attention is paid to a comprehensive approach to economic, social and ecological factors and industrial revolution (IR). Specifically, this paper contributes to the academic debate on the relationshi...
| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
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Frontiers Media S.A.
2022-10-01
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| Series: | Frontiers in Sustainable Food Systems |
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| Online Access: | https://www.frontiersin.org/articles/10.3389/fsufs.2022.1034010/full |
| _version_ | 1797985781925543936 |
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| author | Domicián Máté Domicián Máté Judit Oláh Judit Oláh Edina Erdei Ni Made Estiyanti Ni Made Estiyanti Zoltán Bács Sándor Kovács |
| author_facet | Domicián Máté Domicián Máté Judit Oláh Judit Oláh Edina Erdei Ni Made Estiyanti Ni Made Estiyanti Zoltán Bács Sándor Kovács |
| author_sort | Domicián Máté |
| collection | DOAJ |
| description | There is growing literature on the concept and objectives of corporate sustainability (CS), but less attention is paid to a comprehensive approach to economic, social and ecological factors and industrial revolution (IR). Specifically, this paper contributes to the academic debate on the relationship between CS and IR in agri-food economics using firm-level data. The study used quantitative pathway models to measure the extent to which technologies affect the development of social, ecological and economic factors in Hungarian food manufacturing companies. The research was conducted using partial least squares path modeling (PLS-PM) and categorical principal component analysis (CATPCA) to calculate the direct and indirect effects of IR technologies on profitability outcomes. This study has shown that the livable and sustainable path hypotheses can be confirmed. Consequently, the food manufacturing businesses whose managers think along the viable and sustainable lines tend to be more profitable. However, the ecological and economic factors strengthened the positive impact of the social dimension on food corporate profitability. Decision-makers should not wait for a pie in the sky for emerging sustainability but consciously embrace the CS issues that only provide a direction for the changes. |
| first_indexed | 2024-04-11T07:23:34Z |
| format | Article |
| id | doaj.art-b68ac2fb83f34bd39301ecea48a278f2 |
| institution | Directory Open Access Journal |
| issn | 2571-581X |
| language | English |
| last_indexed | 2024-04-11T07:23:34Z |
| publishDate | 2022-10-01 |
| publisher | Frontiers Media S.A. |
| record_format | Article |
| series | Frontiers in Sustainable Food Systems |
| spelling | doaj.art-b68ac2fb83f34bd39301ecea48a278f22022-12-22T04:37:09ZengFrontiers Media S.A.Frontiers in Sustainable Food Systems2571-581X2022-10-01610.3389/fsufs.2022.10340101034010The impacts of sustainable industrial revolution (IR) on the profitability of Hungarian food companiesDomicián Máté0Domicián Máté1Judit Oláh2Judit Oláh3Edina Erdei4Ni Made Estiyanti5Ni Made Estiyanti6Zoltán Bács7Sándor Kovács8Department of Engineering Management and Entrepreneurship, Faculty of Engineering, University of Debrecen, Debrecen, HungaryCollege of Business and Economics, University of Johannesburg, Johannesburg, South AfricaCollege of Business and Economics, University of Johannesburg, Johannesburg, South AfricaDepartment of Logistics Management, Faculty of Economics and Business, University of Debrecen, Debrecen, HungaryDepartment of Logistics Management, Faculty of Economics and Business, University of Debrecen, Debrecen, HungaryIhrig Károly Doctoral School of Management and Business, University of Debrecen, Debrecen, HungarySchool of Management Informatic and Computer Science Primakara, Denpasar, IndonesiaInstitute of Accounting and Finance, Department of Accounting, Faculty of Economics and Business, University of Debrecen, Debrecen, HungaryDepartment of Economics and Financial Mathematics, Faculty of Economics and Business, University of Debrecen, Debrecen, HungaryThere is growing literature on the concept and objectives of corporate sustainability (CS), but less attention is paid to a comprehensive approach to economic, social and ecological factors and industrial revolution (IR). Specifically, this paper contributes to the academic debate on the relationship between CS and IR in agri-food economics using firm-level data. The study used quantitative pathway models to measure the extent to which technologies affect the development of social, ecological and economic factors in Hungarian food manufacturing companies. The research was conducted using partial least squares path modeling (PLS-PM) and categorical principal component analysis (CATPCA) to calculate the direct and indirect effects of IR technologies on profitability outcomes. This study has shown that the livable and sustainable path hypotheses can be confirmed. Consequently, the food manufacturing businesses whose managers think along the viable and sustainable lines tend to be more profitable. However, the ecological and economic factors strengthened the positive impact of the social dimension on food corporate profitability. Decision-makers should not wait for a pie in the sky for emerging sustainability but consciously embrace the CS issues that only provide a direction for the changes.https://www.frontiersin.org/articles/10.3389/fsufs.2022.1034010/fullsustainable developmentindustrial revolution (IR)path models (PLS-PM)agri-food analysisfinancial performance |
| spellingShingle | Domicián Máté Domicián Máté Judit Oláh Judit Oláh Edina Erdei Ni Made Estiyanti Ni Made Estiyanti Zoltán Bács Sándor Kovács The impacts of sustainable industrial revolution (IR) on the profitability of Hungarian food companies Frontiers in Sustainable Food Systems sustainable development industrial revolution (IR) path models (PLS-PM) agri-food analysis financial performance |
| title | The impacts of sustainable industrial revolution (IR) on the profitability of Hungarian food companies |
| title_full | The impacts of sustainable industrial revolution (IR) on the profitability of Hungarian food companies |
| title_fullStr | The impacts of sustainable industrial revolution (IR) on the profitability of Hungarian food companies |
| title_full_unstemmed | The impacts of sustainable industrial revolution (IR) on the profitability of Hungarian food companies |
| title_short | The impacts of sustainable industrial revolution (IR) on the profitability of Hungarian food companies |
| title_sort | impacts of sustainable industrial revolution ir on the profitability of hungarian food companies |
| topic | sustainable development industrial revolution (IR) path models (PLS-PM) agri-food analysis financial performance |
| url | https://www.frontiersin.org/articles/10.3389/fsufs.2022.1034010/full |
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