Research output: Contribution to journal › Article › peer-review
Research output: Contribution to journal › Article › peer-review
}
TY - JOUR
T1 - What Aspects Explain the Relationship between Digital Transformation and Financial Performance of Firms?
AU - Zhou, Yaying
AU - Ock, Young-Seok
AU - Alnafrah, Ibrahim
AU - Dagestani, Abd alwahed
PY - 2023
Y1 - 2023
N2 - The emergence of digital transformation and digitization has significantly influenced business growth, particularly in response to the COVID-19 pandemic. This study conducts a systematic bibliometric analysis to investigate the relationship between digital transformation and firms’ financial performance. The primary objectives are identifying research gaps and proposing future research directions and policy implications. Specifically, we examine the evolution of digital transformation in companies and its impact on their financial performance, while highlighting the major trends in digital transformation research. Employing text mining techniques, network analysis, and a systematic literature review (SLR), we evaluated 153 articles published between 2014 and 2023. Our analysis delves into academic publication journals, geographical locations, authors’, and academic institutions’ contributions, assessing their influence on the existing literature’s development. Our findings indicate a current absence of a consistent theoretical framework in the scientific literature pertaining to the study of digital transformation and its effects on firms’ financial performance. Furthermore, we have pinpointed specific areas that warrant further investigation, including SMEs, non-listed companies, and intermediary or mediating variables. Finally, this systematic bibliometric analysis contributes to the ongoing discourse on digital transformation and its influence on firms’ financial performance, summarizing the current scientific research and proposing new research directions for future studies, while also offering valuable insights for researchers, policymakers, and practitioners.
AB - The emergence of digital transformation and digitization has significantly influenced business growth, particularly in response to the COVID-19 pandemic. This study conducts a systematic bibliometric analysis to investigate the relationship between digital transformation and firms’ financial performance. The primary objectives are identifying research gaps and proposing future research directions and policy implications. Specifically, we examine the evolution of digital transformation in companies and its impact on their financial performance, while highlighting the major trends in digital transformation research. Employing text mining techniques, network analysis, and a systematic literature review (SLR), we evaluated 153 articles published between 2014 and 2023. Our analysis delves into academic publication journals, geographical locations, authors’, and academic institutions’ contributions, assessing their influence on the existing literature’s development. Our findings indicate a current absence of a consistent theoretical framework in the scientific literature pertaining to the study of digital transformation and its effects on firms’ financial performance. Furthermore, we have pinpointed specific areas that warrant further investigation, including SMEs, non-listed companies, and intermediary or mediating variables. Finally, this systematic bibliometric analysis contributes to the ongoing discourse on digital transformation and its influence on firms’ financial performance, summarizing the current scientific research and proposing new research directions for future studies, while also offering valuable insights for researchers, policymakers, and practitioners.
UR - http://www.scopus.com/inward/record.url?partnerID=8YFLogxK&scp=85178271625
U2 - 10.3390/jrfm16110479
DO - 10.3390/jrfm16110479
M3 - Article
VL - 16
JO - Journal of Risk and Financial Management
JF - Journal of Risk and Financial Management
SN - 1911-8066
IS - 11
M1 - 479
ER -
ID: 49269232