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| Digital Transformation of Firms: Theoretical Framework and Research Prospects |
| WU Jiang，CHEN Ting，GONG Yiwei，YANG Yaxuan |
| Wuhan University, Wuhan, China |
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Abstract The existing research on digital transformation of firms mainly focuses on the specific aspects, such as the influencing factors, processes and outcomes. There is a lack of systematic research and reviews and the theoretical frameworks still need to be improved. Based on the systematic review of existing literatures, this article sorts out the research progress of digital transformation of firms, clarifies the connotation and basic elements of digital transformation of firms, summarizes the theoretical framework of digital transformation of firms based on Inputs-Processes-Outcomes model, and proposes the future research directions for digital transformation of firms：①mining the mechanism of the influencing factors of digital transformation of firms; ②paying attention to the specific mechanism of digital transformation of firms; ③exploring how to conduct a comprehensive value evaluation of digital transformation of firms; ④developing the basic theories and building new theories for digital transformation of firms.
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Received: 26 April 2021
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