Digital transformation and financial performance

Fabian, Nicolai Etienne; Broekhuizen, Thijs; Nguyen, Dinh Khoi

doi:10.4324/9781003008637-25

Cited by 4 publications

(2 citation statements)

References 55 publications

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“…Then experts were also asked to assess the overall extent of DT implementation and project management on their projects on a five-point Likert scale, where 1 represented strongly disagree and 5 represented strongly agree. The DT and project management items were based on Aral and Weill (2007) and were adapted and modified from the literature (Fabian et al. , 2021).…”

Section: Methodsmentioning

confidence: 99%

From Industry 4.0 to Construction 4.0: barriers to the digital transformation of engineering and construction sectors

Wang

Guo

Zhang

et al. 2022

ECAM

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PurposeThe purpose of this study is to systematically identify, assess, and categorize the barriers to digital transformation (DT) in the engineering and construction sectors, and thus to better understand the impact and how these sectors might be overcome.Design/methodology/approachThis study adopted a sequential mixed qualitative and quantitative data collection and analysis approach. DT barriers were first identified from relevant literature and verified by an expert panel. Then, a questionnaire survey assessing the impacts of the identified DT barriers was distributed to construction professionals in China, and 192 valid responses were retrieved. Further, the data obtained were analyzed using ranking analysis, exploratory factor analysis (EFA), and partial least squares-structural equation modeling (PLS-SEM).FindingsBased on the ranking analysis, the top three barriers are “lack of industry-specific standards and laws,” “lack of clear vision, strategy and direction for DT,” and “lack of support from top management for DT.” EFA enabled the grouping of the 26 barriers into 3 categories: (1) lack of laws and regulations (LLR), (2) lack of support and leadership (LSL), and (3) lack of resources and professionals (LRP). The PLS-SEM analysis revealed that LLR, LSL, and LRP were found to have significant negative impacts on DT.Originality/valueThese findings contribute to the body of knowledge on DT in the construction industry and help construction firms and government bodies improve the understanding of these barriers to DT and put forward relevant policies and incentives, thus seizing the DT benefits as a way to enhance construction project management.

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Section: Methodsmentioning

confidence: 99%

From Industry 4.0 to Construction 4.0: barriers to the digital transformation of engineering and construction sectors

Wang

Guo

Zhang

et al. 2022

ECAM

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“…It acts as a catalyst, creating a virtuous cycle that leads to improved financial performance [18]. Digital transformation is reflected innovative application, financial performance and sustainability of the company and creates a climate of business growth and profit gain [19,20] However, there is a lack of awareness regarding strategic options that can contribute to the financial success of firms engaged in digital transformation [21]. Previous research has explored various determinants of digital transformation, such as the digital economy [22], information system success [23], and digital marketing [24].…”

Section: Introductionmentioning

confidence: 99%

Digital Revolution and Digitization Process to Promote AIS as a Vector of Financial Performance

Binsaeed

Yousaf²,

Grigorescu

et al. 2023

Systems

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Nowadays, many businesses recognize the importance of digitization as a strategic advantage to maintain competitiveness. As a result, current research aims to investigate three significant factors that influence digital transformation: digital innovation (DI), digital orientation (DO), and the accounting information system (AIS). These factors are supposed to impact the financial success and performance of firms. The objective of this study is to examine the positive association between digital orientation and financial performance (FP) and to explore how the AIS mediates this relationship. Additionally, this paper investigates the moderating role of digital innovation in the relationship between digital orientation and financial performance. To collect data, a quantitative method was employed using a random sampling technique. Data were collected via a questionnaire survey from small and medium-sized enterprises (SMEs) in China, with a sample size of 550. Structural equation modeling (SEM) and a bootstrapping technique with 5000 iterations were used to test the study hypotheses. The findings of this study indicate a positive link between digital orientation and the financial performance of organizations. Furthermore, the results confirm that the AIS acts as a mediator between digital orientation and financial performance. The outcomes also demonstrate that digital innovation plays a moderating role in the relationship between DO and financial performance. This paper contributes to the existing literature on digital transformation by providing a deeper understanding of the aforementioned antecedents of the digital revolution (DO, AIS, and financial performance) and how they should be integrated within digitalization settings to achieve financial performance.

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Unraveling the performance puzzle of digital transformation: The moderating role of TMT heterogeneity and faultline strength

Wang,

He,

Zhang

et al. 2025

Journal of Business Research

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Digital transformation and financial performance

Cited by 4 publications

References 55 publications

From Industry 4.0 to Construction 4.0: barriers to the digital transformation of engineering and construction sectors

From Industry 4.0 to Construction 4.0: barriers to the digital transformation of engineering and construction sectors

Digital Revolution and Digitization Process to Promote AIS as a Vector of Financial Performance

Unraveling the performance puzzle of digital transformation: The moderating role of TMT heterogeneity and faultline strength

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