...Kanghao Chen; Xikai Yu; Zongqiang Ren; Ting Chen Purpose The significant benefits of digital transformation and the substantial capital it demands often pose a challenging choice for firms, perplexing their investment and financing decisions. Consequently, this study aims to explore the dilemma...

... level. With respect to policymakers, countries characterized by high power distance should implement strategies that may enhance competitiveness, put in place reward systems and minimize hierarchy that encourage firms to embark on digital transformation. Government policies and programs should put more...