UKM-Graduate School of Business
Universiti Kebangsaan Malaysia
43600 UKM Bangi, Selangor MALAYSIA
UKM-Graduate School of Business
Universiti Kebangsaan Malaysia
43600 UKM Bangi, Selangor, MALAYSIA
UKM-Graduate School of Business
Universiti Kebangsaan Malaysia
43600 UKM Bangi, Selangor, MALAYSIA
Abstract
As digital transformation assumes an increasingly significant role in countries, industries, and companies, academics are growing interest in exploring its economic effects. The focus of this paper is to examine the current state and findings of research on digital transformation concerning enterprise operations, investment, and financing. By conducting a visual and bibliometric analysis of published between 2018 and 2022, this paper identified influential articles, countries, words, and topics within this field. Subsequently, through a detailed review and summarisation of each article, it is evident that current research on the economic consequences of digital transformation predominantly centres around the operation of enterprises. However, there is a noticeable gap in research on digital transformation in enterprise financing and investment. This lacuna provides huge and promising areas for future research. This is one of the limited review articles that delves into the study of digital transformation from the above perspectives. This unique approach is poised to contribute to a deeper comprehension of digital transformation within corporate finance. Additionally, this article is a valuable resource for supporting digital transformation and guides the formulation and implementation of policies to stimulate digital transformation. Furthermore, the paper suggests lots of future research directions in digital transformation.