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Digital Business Models and Financial Performance: On the Importance of Business Renewal

In: Digital Disruption and Transformation

Author

Listed:
  • Minna Saunila

    (LUT University)

  • Juhani Ukko

    (LUT University)

  • Tero Rantala

    (LUT University)

  • Mira Holopainen

    (LUT University)

  • Mina Nasiri

    (LUT University)

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.

Suggested Citation

  • Minna Saunila & Juhani Ukko & Tero Rantala & Mira Holopainen & Mina Nasiri, 2024. "Digital Business Models and Financial Performance: On the Importance of Business Renewal," Springer Proceedings in Business and Economics, in: Daniel Schallmo & Abayomi Baiyere & Frank Gertsen & Claus Andreas Foss Rosenstand & Chris­topher A. (ed.), Digital Disruption and Transformation, pages 87-104, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-47888-8_4
    DOI: 10.1007/978-3-031-47888-8_4
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