This study highlights venture capital’s crucial role in accelerating enterprise digitalization through enhanced financing , management efficiency , innovation , and market incentives . The role of venture capital in digital transformation is heterogeneous but can create a win-win situation for both investors and enterprises.

This study offers valuable insights into how venture capital drives innovation , enhances management efficiency , and creates market incentives , all crucial for success in the digital economy. Understanding these mechanisms helps modern enterprises leverage VC support to boost growth and adapt to evolving market demands.