Exploring the Effects of Corporate Digital Transformation: A Bibliometric Analysis and Future Research Agenda

ABSTRACT This study uses a hybrid methodology of bibliometric analysis and systematic review to critically review the existing research on corporate digital transformation (CDT) effects published between 2018 and 2025. Descriptive analysis shows that this research field was still in its infancy before 2022 and experienced an explosive growth period thereafter. China takes the lead in publication volume, while Finance Research Letters emerges as the most prolific journal and research results are predominantly concentrated in domains such as finance and economics. Keyword and thematic analysis indicate that “digital transformation” is the core keyword, and research themes have gradually expanded from basic dimensions like firm performance to diverse areas including ESG, supply chain management, and risk management. The evolution of CDT effects research proceeds along the lines of technological determinism, organizational adaptation, and social construction. This study advances a systematic understanding of the CDT effects by developing a bibliometric overview of relevant research and illustrating the field's conceptual framework and thematic interconnections. The findings offer empirical insights to guide managers in formulating differentiated digital strategies and assist policymakers in constructing supportive ecosystems for digital transformation.