The impact of digital transformation on the effectiveness of electronic financial systems

Khalid Alomari, Ali Salah and Rukana Alshweesh

International Journal of Economics and Business Research, 2024, vol. 28, issue 6, 21-41

Abstract: Digital transformation's impact on Jordanian public shareholding industrial enterprises' electronic financial systems was examined in this detailed study. A thorough research methodology revealed that these firms have implemented digital transformation across various dimensions. This research's empirical foundation is strengthened by the statistically significant association between digital transformation throughout its dimensions and electronic financial system effectiveness. Using these empirical findings, the report recommends that Jordanian public shareholding industrial enterprises prioritise and strengthen digital transformation activities, notably in electronic finance systems. Many studies support this statement, arguing that digital transformation is essential for these firms to streamline operational processes and improve organisational efficiency in the changing digital context. Public joint-stock industrial businesses in Jordan must strategically identify goals and promote digital transformation, notably in electronic financial systems, according to the report. The experimental study uses a broad corpus of evidence to support its suggestions. In the dynamic digital context, digital transformation is strategic to improve operational processes and organisational effectiveness.

Keywords: digital transformation; effectiveness of electronic financial systems; Jordanian public shareholding industrial companies; Jordan. (search for similar items in EconPapers)
Date: 2024
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