Hidden Champions (HCs) are small- and medium-sized global market leaders that repeatedly show superior innovation capabilities and economic performance. However, empirical evidence on how the digital transformation may affect their success story remains scarce. I argue that HCs show stronger...

The main purpose of the research is to analyze the effect that digital transformation has on technological and non-technological innovation as key factors that increase financial performance in SMEs. The study focuses on a sample of 4121 SMEs from the services, trade and manufacturing sectors,...