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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">dt</journal-id><journal-title-group><journal-title xml:lang="ru">Цифровая трансформация</journal-title><trans-title-group xml:lang="en"><trans-title>Digital Transformation</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">2522-9613</issn><issn pub-type="epub">2524-2822</issn><publisher><publisher-name>Educational Establishment “Belarusian State University of Informatics and Radioelectronics”</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.35596/1729-7648-2026-32-3-14-21</article-id><article-id custom-type="elpub" pub-id-type="custom">dt-1057</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>ЭКОНОМИЧЕСКИЕ НАУКИ, ОБРАЗОВАНИЕ</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>ECONOMIC SCIENCES, EDUCATION</subject></subj-group></article-categories><title-group><article-title>Цифровые транснациональные компании и их оценка</article-title><trans-title-group xml:lang="en"><trans-title>Digital Multinational Companies and Their Valuation</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Медведевских</surname><given-names>Д. С.</given-names></name><name name-style="western" xml:lang="en"><surname>Medvedevskikh</surname><given-names>D.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Медведевских Д. С., студ.</p></bio><bio xml:lang="en"><p>Medvedevskikh D., Student</p></bio><email xlink:type="simple">medvedevskihdasha@mail.ru</email><xref ref-type="aff" rid="aff-1"/></contrib><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Головенчик</surname><given-names>Г. Г.</given-names></name><name name-style="western" xml:lang="en"><surname>Goloventchik</surname><given-names>G.</given-names></name></name-alternatives><bio xml:lang="ru"><p>Головенчик Г. Г., канд. экон. наук, доц., доц. каф. международных экономических отношений</p></bio><bio xml:lang="en"><p>Goloventchik G., Cand. Sci. (Econ.), Associate Professor, Associate Professor at the Department of International Economic Relations</p></bio><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Белорусский государственный университет, г. Минск</institution><country>Беларусь</country></aff><aff xml:lang="en"><institution>Belarusian State University, Minsk</institution><country>Belarus</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2026</year></pub-date><pub-date pub-type="epub"><day>02</day><month>10</month><year>2026</year></pub-date><volume>32</volume><issue>3</issue><fpage>14</fpage><lpage>21</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Медведевских Д.С., Головенчик Г.Г., 2026</copyright-statement><copyright-year>2026</copyright-year><copyright-holder xml:lang="ru">Медведевских Д.С., Головенчик Г.Г.</copyright-holder><copyright-holder xml:lang="en">Medvedevskikh D., Goloventchik G.</copyright-holder><license xml:lang="ru" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>Данная работа распространяется под лицензией Creative Commons Attribution 4.0.</license-p></license><license xml:lang="en" license-type="creative-commons-attribution" xlink:href="https://creativecommons.org/licenses/by/4.0/" xlink:type="simple"><license-p>This work is licensed under a Creative Commons Attribution 4.0 License.</license-p></license></permissions><self-uri xlink:href="https://dt.bsuir.by/jour/article/view/1057">https://dt.bsuir.by/jour/article/view/1057</self-uri><abstract><p>В статье на примере оценки цифровых транснациональных компаний анализируются недостатки и ограничения классических инструментов оценки транснационализации – индекса транснационализации, матрицы интернет-интенсивности и показателя легкости прямых иностранных инвестиций. Показано, что все три подхода опираются на физические активы, персонал и географически локализуемую выручку, тогда как цифровые транснациональные компании осуществляют международную экспансию преимущественно через нематериальные каналы. Предложен индекс цифровой транснационализации компании, основанный на трех компонентах: географическом охвате, равномерности распределения аудитории и вовлеченности аудитории. Выполнен расчет этого индекса на примере компаний ByteDance и Meta Platforms, который показал, что метод позволяет зафиксировать качественно различные стратегии цифровой интернационализации, недоступные традиционным метрикам.</p></abstract><trans-abstract xml:lang="en"><p>Using digital multinational companies as an example, this article analyzes the shortcomings and limitations of traditional transnationalization assessment tools – the transnationalization index, the internet intensity matrix, and the ease of foreign direct investment index. It demonstrates that all three approaches rely on physical assets, personnel, and geographically localized revenue, while digital multinational companies primarily expand internationally through intangible channels. A digital transnationalization index is proposed, based on three components: geographic reach, audience distribution, and audience engagement. This index is calculated using ByteDance and Meta Platforms as examples, demonstrating that the method can capture qualitatively different digital internationalization strategies that are not accessible using traditional metrics.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>цифровые транснациональные компании</kwd><kwd>показатель легкости прямых иностранных инвестиций</kwd><kwd>индекс транснационализации</kwd><kwd>ByteDance</kwd><kwd>Meta Platforms</kwd><kwd>нематериальные активы</kwd><kwd>интернет-платформа</kwd><kwd>сетевой эффект</kwd></kwd-group><kwd-group xml:lang="en"><kwd>digital multinational companies</kwd><kwd>ease of foreign direct investment index</kwd><kwd>transnationalization index</kwd><kwd>ByteDance</kwd><kwd>Meta Platforms</kwd><kwd>intangible assets</kwd><kwd>internet platform</kwd><kwd>network effect</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">UNCTAD. 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