diff --git a/packages/commonjs/src/ast-utils.js b/packages/commonjs/src/ast-utils.js
index 042ef8f2e..3367482ca 100644
--- a/packages/commonjs/src/ast-utils.js
+++ b/packages/commonjs/src/ast-utils.js
@@ -113,6 +113,10 @@ export function isShorthandProperty(parent) {
   return parent && parent.type === 'Property' && parent.shorthand;
 }
 
+export function isPropertyDefinitionKey(parent, node) {
+  return parent && parent.type === 'PropertyDefinition' && parent.key === node;
+}
+
 export function hasDefineEsmProperty(node) {
   return node.properties.some((property) => {
     if (
diff --git a/packages/commonjs/src/transform-commonjs.js b/packages/commonjs/src/transform-commonjs.js
index 80edc3e82..2bc22ae88 100644
--- a/packages/commonjs/src/transform-commonjs.js
+++ b/packages/commonjs/src/transform-commonjs.js
@@ -13,7 +13,8 @@ import {
   isReference,
   isShorthandProperty,
   isTruthy,
-  KEY_COMPILED_ESM
+  KEY_COMPILED_ESM,
+  isPropertyDefinitionKey
 } from './ast-utils';
 import { COMMONJS_REQUIRE_EXPORT, CREATE_COMMONJS_REQUIRE_EXPORT } from './dynamic-modules';
 import { rewriteExportsAndGetExportsBlock, wrapCode } from './generate-exports';
@@ -295,7 +296,7 @@ export default async function transformCommonjs(
           if (
             !isReference(node, parent) ||
             scope.contains(name) ||
-            (parent.type === 'PropertyDefinition' && parent.key === node)
+            isPropertyDefinitionKey(parent, node)
           )
             return;
           switch (name) {
@@ -322,6 +323,10 @@ export default async function transformCommonjs(
             case 'global':
               uses.global = true;
               if (!ignoreGlobal) {
+                if (isShorthandProperty(parent)) {
+                  skippedNodes.add(parent.value);
+                  magicString.prependRight(node.start, 'global: ');
+                }
                 replacedGlobal.push(node);
               }
               return;
@@ -442,6 +447,7 @@ export default async function transformCommonjs(
 
   for (const node of replacedGlobal) {
     magicString.overwrite(node.start, node.end, `${helpersName}.commonjsGlobal`, {
+      contentOnly: true,
       storeName: true
     });
   }
diff --git a/packages/commonjs/test/fixtures/function/shorthand-global/_config.js b/packages/commonjs/test/fixtures/function/shorthand-global/_config.js
new file mode 100644
index 000000000..ed7513577
--- /dev/null
+++ b/packages/commonjs/test/fixtures/function/shorthand-global/_config.js
@@ -0,0 +1,3 @@
+module.exports = {
+    description: 'correctly replaces shorthand `global` property in object'
+};
diff --git a/packages/commonjs/test/fixtures/function/shorthand-global/main.js b/packages/commonjs/test/fixtures/function/shorthand-global/main.js
new file mode 100644
index 000000000..e68ac4a5e
--- /dev/null
+++ b/packages/commonjs/test/fixtures/function/shorthand-global/main.js
@@ -0,0 +1,7 @@
+const HOST = {
+    global
+};
+
+module.exports = {
+    HOST
+};
diff --git a/packages/commonjs/test/snapshots/function.js.md b/packages/commonjs/test/snapshots/function.js.md
index 494b74a1b..b33c2e368 100644
--- a/packages/commonjs/test/snapshots/function.js.md
+++ b/packages/commonjs/test/snapshots/function.js.md
@@ -8609,6 +8609,42 @@ Generated by [AVA](https://avajs.dev).
       `,
     }
 
+## shorthand-global
+
+> Snapshot 1
+
+    {
+      'main.js': `'use strict';␊
+      ␊
+      var commonjsGlobal = typeof globalThis !== 'undefined' ? globalThis : typeof window !== 'undefined' ? window : typeof global !== 'undefined' ? global : typeof self !== 'undefined' ? self : {};␊
+      ␊
+      function getDefaultExportFromCjs (x) {␊
+      	return x && x.__esModule && Object.prototype.hasOwnProperty.call(x, 'default') ? x['default'] : x;␊
+      }␊
+      ␊
+      var main$1;␊
+      var hasRequiredMain;␊
+      ␊
+      function requireMain () {␊
+      	if (hasRequiredMain) return main$1;␊
+      	hasRequiredMain = 1;␊
+      	const HOST = {␊
+      	    global: commonjsGlobal␊
+      	};␊
+      ␊
+      	main$1 = {␊
+      	    HOST␊
+      	};␊
+      	return main$1;␊
+      }␊
+      ␊
+      var mainExports = requireMain();␊
+      var main = /*@__PURE__*/getDefaultExportFromCjs(mainExports);␊
+      ␊
+      module.exports = main;␊
+      `,
+    }
+
 ## shorthand-require
 
 > Snapshot 1
diff --git a/packages/commonjs/test/snapshots/function.js.snap b/packages/commonjs/test/snapshots/function.js.snap
index c05cb5899..b7dce85a6 100644
Binary files a/packages/commonjs/test/snapshots/function.js.snap and b/packages/commonjs/test/snapshots/function.js.snap differ