Digital Business Models and Financial Performance: On the Importance of Business Renewal
Year of publication
2024
Authors
Saunila Minna; Ukko Juhani; Rantala Tero; Holopainen Mira; Nasiri Mina
Abstract
This study focuses on the mediating role of business renewal in the relationship between digital business models and financial performance. An enhanced understanding of the direct and indirect influences of digital business models and business renewal will aid the construction of a more comprehensive picture of managing business models in digital transformation. The results are based on a survey of 275 Finnish SMEs. The results confirm the mediating effect of business renewal between digital business models and financial performance. This means that changes in the digital business model cannot, on their own, cause any changes in financial performance; however, through business renewal, changes in the digital business model can impact financial performance.
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Publication type
Publication format
Article
Parent publication type
Conference
Article type
Other article
Audience
ScientificPeer-reviewed
Peer-ReviewedMINEDU's publication type classification code
A4 Article in conference proceedingsPublication channel information
Parent publication name
Digital Disruption and Transformation. ISPIM 2022. Springer Proceedings in Business and Economics
ISSN
ISBN
Publication forum
Publication forum level
0
Open access
Open access in the publisher’s service
No
Self-archived
Yes
Other information
Fields of science
Business and management
Keywords
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Internationality of the publisher
International
International co-publication
No
Co-publication with a company
No
DOI
10.1007/978-3-031-47888-8_4
The publication is included in the Ministry of Education and Culture’s Publication data collection
Yes