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Business model innovation and firm performance: Exploring causal mechanisms in SMEs

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Cited by:

  1. Li, Xiaobo & Fung, Anna & Fung, Hung-Gay & Jin, Hongmin, 2025. "Enhancing firm resilience: A dual focus on value creation and risk mitigation," International Review of Financial Analysis, Elsevier, vol. 106(C).
  2. Shuting Chen & Dengke Yu, 2023. "The impact of R&D effort on business model innovation: Evaluating chain mediation through collaboration breadth and depth," PLOS ONE, Public Library of Science, vol. 18(6), pages 1-20, June.
  3. Farouk Umar Kofar Naisa & Enjun Xia & Abdul Gaffar Khan & Muhammad Shaheer Nuhu & Adams Adeiza & Mohammed Sani Abdullahi, 2025. "The Impact of Open Innovation on the Performance of Multinational Corporations in Emerging Markets: an Empirical Study," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(3), pages 11731-11767, September.
  4. Ying, Ying & Wang, Shixiang & Liu, Yang, 2022. "Make bricks without straw: Eco-innovation for resource-constrained firms in emerging markets," Technovation, Elsevier, vol. 114(C).
  5. Fabricio Miguel Moreno-Menéndez & Victoriano Eusebio Zacarías-Rodríguez & Pedro Emil Torres-Quillatupa & Sara Ricardina Zacarías-Vallejos & Saúl Nilo Astuñaupa-Flores & Yamill Alam Barrrionuevo-Inca-R, 2025. "The Interplay Between Business Models and Entrepreneurial Capabilities in Aging Populations: Insights from Emerging Economies," World, MDPI, vol. 6(2), pages 1-31, June.
  6. Jerdea Loredana, 2023. "A Bibliometric Analysis of four Constructs Interconnections: Innovation, Competitive Advantage, Agility and Performance," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 1213-1226, July.
  7. Abroon Qazi, 2025. "Innovation forecasting: mapping pathways with global indicators," Journal of Innovation and Entrepreneurship, Springer, vol. 14(1), pages 1-16, December.
  8. Menter, Matthias & Göcke, Lutz & Zeeb, Christopher & Clauss, Thomas, 2023. "Disentangling the complex longitudinal relationships between business model innovation and firm performance," Journal of Business Research, Elsevier, vol. 168(C).
  9. Marco Cucculelli & Riccardo Cappelli & Jasmine Mondolo, 2024. "Does market power drive business model innovation? Evidence from Italian family manufacturing firms," Small Business Economics, Springer, vol. 63(1), pages 447-475, June.
  10. Sarah Salem Ghazwani & Saeed Alzahrani, 2023. "The Use of Social Media Platforms for Competitive Information and Knowledge Sharing and Its Effect on SMEs’ Profitability and Growth through Innovation," Sustainability, MDPI, vol. 16(1), pages 1-24, December.
  11. Guo, Yani & Yan, Jiale & Zhuang, Peifen, 2025. "How does data sharing affect the sustainable development of agribusiness? Evidence from public data openness," International Review of Economics & Finance, Elsevier, vol. 97(C).
  12. Franco Arandia Arzabe & Lars Bengtsson & Jazmin Estefania Olivares Ugarte, 2024. "Business Model Innovation Factors of Small and Medium-Sized Enterprises in Bolivia," JRFM, MDPI, vol. 17(8), pages 1-20, August.
  13. Naeini, Ali Bonyadi & Zamani, Mehdi & Daim, Tugrul U. & Sharma, Mahak & Yalcin, Haydar, 2022. "Conceptual structure and perspectives on “innovation management”: A bibliometric review," Technological Forecasting and Social Change, Elsevier, vol. 185(C).
  14. Simona Alfiero & Laura Broccardo & Massimo Cane, 2023. "Sustainable Business Model and the Firm Age Variable Impact: Evidence from wine industry," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2023(3), pages 165-191.
  15. Yi, Yaqun & He, Xiaoming & Ndofor, Hermann Achidi & Niu, Fangyan, 2024. "Shared business understanding and innovation: The role of firm dominant logic in business model innovation," Technovation, Elsevier, vol. 138(C).
  16. Abdul Basit & Laijun Wang & Samera Nazir & Saqib Mehmood & Iftikhar Hussain, 2023. "Managing the COVID-19 Pandemic: Enhancing Sustainable Supply Chain Performance through Management Innovation, Information Processing Capability, Business Model Innovation and Knowledge Management Capability in Pakistan," Sustainability, MDPI, vol. 15(18), pages 1-23, September.
  17. Angelshaug, Magne S. & Saebi, Tina & Lien, Lasse B. & Foss, Nicolai J., 2025. "Uncertainty versus urgency: When top management team diversity hinders business model innovation," Technological Forecasting and Social Change, Elsevier, vol. 212(C).
  18. Alarcón-del-Amo, María-del-Carmen & Rialp, Alex & Rialp, Josep & López-Belbeze, Pilar, 2024. "Unveiling the dynamics of exporting firms: How social media shapes export costs and relationships," International Business Review, Elsevier, vol. 33(5).
  19. Zhengwei Ma & Yiran Liu & Yida Gao, 2021. "Research on the impact of COVID-19 on Chinese small and medium-sized enterprises: Evidence from Beijing," PLOS ONE, Public Library of Science, vol. 16(12), pages 1-22, December.
  20. Olumide Abiodun Ayetigbo & Daha Tijjani Abdurrahaman & Olalekan Charles Okunlola & Ifegwu John Ifegwu, 2025. "Entrepreneurial orientation and small and medium enterprises performance in Nigeria: role of organizational culture," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 15(1), pages 1-16, December.
  21. Jenri M. P. Panjaitan & Muhadjir Darwin & Sumiyana Sumiyana & Wivaqussaniyyah Wiva & Servatia M. Setyowati, 2025. "Measuring the Indonesian SMEs’ capabilities for sociodynamic and disruptive innovation: the case for gaining resilience and sustainability," Journal of Innovation and Entrepreneurship, Springer, vol. 14(1), pages 1-22, December.
  22. Qihang Xi & Zhiyuan Li & Jia Zhao & Jiaqi Ding, 2025. "How Can Technology Orientation Promote Green Process Innovation? The Mediating Effect of Digital Capability and the Moderating Role of Innovation-Oriented Leadership," Sustainability, MDPI, vol. 17(9), pages 1-24, April.
  23. Marco Cucculelli & Riccardo Cappelli & Jasmine Mondolo, 2026. "Innovative business models along the industry life cycle. Does demand turbulence matter?," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 16(1), pages 151-192, March.
  24. Zina Arabeche & Ahlem Soudani & Mohsen Brahmi & Luigi Aldieri & Concetto Paolo Vinci & Mohammed El Amine Abdelli, 2022. "Entrepreneurial Orientation, Organizational Culture and Business Performance in SMEs: Evidence from Emerging Economy," Sustainability, MDPI, vol. 14(9), pages 1-20, April.
  25. Candi, Marina & Kitagawa, Fumi, 2022. "Performance implications of business model centrality over technology-based firms’ life courses," Technovation, Elsevier, vol. 118(C).
  26. Baudier, Patricia & Kondrateva, Galina & Ammi, Chantal & Chang, Victor & Schiavone, Francesco, 2023. "Digital transformation of healthcare during the COVID-19 pandemic: Patients’ teleconsultation acceptance and trusting beliefs," Technovation, Elsevier, vol. 120(C).
  27. Meena Madhavan & Mohammed Ali Sharafuddin & Thanapong Chaichana, 2022. "Impact of Business Model Innovation on Sustainable Performance of Processed Marine Food Product SMEs in Thailand—A PLS-SEM Approach," Sustainability, MDPI, vol. 14(15), pages 1-33, August.
  28. Rasha A. A. ElNaggar & Mayar Farrag ElSayed, 2023. "Drivers of business model innovation in micro and small enterprises: evidence from Egypt as an emerging economy," Future Business Journal, Springer, vol. 9(1), pages 1-17, December.
  29. Talaei-Khoei, Amir & Yang, Alan T. & Masialeti, Masialeti, 2024. "How does incorporating ChatGPT within a firm reinforce agility-mediated performance? The moderating role of innovation infusion and firms’ ethical identity," Technovation, Elsevier, vol. 132(C).
  30. Yixuan Peng & Sayed Fayaz Ahmad & Muhammad Irshad & Muna Al-Razgan & Yasser A. Ali & Emad Marous Awwad, 2023. "Impact of Digitalization on Process Optimization and Decision-Making towards Sustainability: The Moderating Role of Environmental Regulation," Sustainability, MDPI, vol. 15(20), pages 1-23, October.
  31. Xiang, Guopeng & Peng, Mixiang & Tang, Fei & Liu, Yuan, 2024. "Unpacking the impact of entrepreneurial learning on business model innovation in internet startups: Mediating roles of digital capabilities," Technology in Society, Elsevier, vol. 77(C).
  32. Loon, Mark & Otaye-Ebede, Lilian & Stewart, Jim & Ahlstrom, David, 2026. "Business model innovation in traversing developed and emerging economies: An integrated systematic literature review," Technovation, Elsevier, vol. 149(C).
  33. Zhaozhi Wang & Shoufu Lin & Yang Chen & Oleksii Lyulyov & Tetyana Pimonenko, 2023. "Digitalization Effect on Business Performance: Role of Business Model Innovation," Sustainability, MDPI, vol. 15(11), pages 1-19, June.
  34. Merín-Rodrigáñez, Joan & Dasí, Àngels & Alegre, Joaquín, 2024. "Digital transformation and firm performance in innovative SMEs: The mediating role of business model innovation," Technovation, Elsevier, vol. 134(C).
  35. Allan Njeru & Dr. Joanes Kyongo & Dr. Eunice Wandiga, 2025. "Business Model Innovation and Organizational Performance," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 9(9), pages 8618-8629, September.
  36. Carmen Elena Stoenoiu & Lorentz Jäntschi, 2024. "Sustainable Development of the Economy—A Case Study of the Impacts of the Size of Enterprises and Factors Affecting Performance," Sustainability, MDPI, vol. 16(13), pages 1-38, June.
  37. Attah-Boakye, Rexford & Adams, Kweku & Hernandez-Perdomo, Elvis & Yu, Honglan & Johansson, Jeaneth, 2023. "Resource re-orchestration and firm survival in crisis periods: The role of business models of technology MNEs during COVID-19," Technovation, Elsevier, vol. 125(C).
  38. Zi Ning Zhu & Charles Ramendran SPR & Lai Soon Wong & Rosa Fernandez Alcala & Elia Garcia-Marti, 2024. "RETRACTED ARTICLE: The Influence of Four-Box Business Model on Employee Engagement in Post-COVID-19: Company Performance as the Moderator," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(3), pages 13309-13333, September.
  39. Christofi, Michael & Zahoor, Nadia & Hadjielias, Elias & Adomako, Samuel, 2024. "Business model innovation and international performance of emerging market international businesses," Journal of International Management, Elsevier, vol. 30(1).
  40. Hatem Abuseta & Kolawole Iyiola & Hasan Yousef Aljuhmani, 2025. "Digital Technologies and Business Model Innovation in Turbulent Markets: Unlocking the Power of Agility and Absorptive Capacity," Sustainability, MDPI, vol. 17(12), pages 1-28, June.
  41. Bachmann, Nadine & Jodlbauer, Herbert, 2023. "Iterative business model innovation: A conceptual process model and tools for incumbents," Journal of Business Research, Elsevier, vol. 168(C).
  42. Ali Gungor & Catherine Jill Bamforth & John Dalrymple, 2025. "An investigation of factors affecting Australian small and medium enterprise performance during The Pandemic," Journal of Innovation and Entrepreneurship, Springer, vol. 14(1), pages 1-40, December.
  43. Ai, Hongshan & Mangla, Sachin Kumar & Song, Malin & Tan, Xiaoqing & Zhang, Shangfeng, 2024. "Technology-enabled business model innovation and carbon emission reduction: Evidence from a place-based policy in China," Technovation, Elsevier, vol. 134(C).
  44. Xiaoli Liu & Lei Zhang, 2024. "Entrepreneurial Bricolage, Business Model Innovation, and Sustainable Entrepreneurial Performance of Digital Entrepreneurial Ventures: The Moderating Effect of Digital Entrepreneurial Ecosystem Empowerment," Sustainability, MDPI, vol. 16(18), pages 1-18, September.
  45. Bienvenido S. Cortes & Zhengyao Ooi, 2023. "Cultural Intelligence, Firm Capabilities, and Performance: The Case of German Subsidiaries in Malaysia," Businesses, MDPI, vol. 3(3), pages 1-15, September.
  46. Osabutey, Ellis L.C. & Papanastassiou, Marina & Jin, Zhongqi & Navare, Jyoti & Agyapong, Ahmed, 2023. "Revisiting FSAs and CSAs in Sub-Saharan Africa: Evidence from Ghanaian Firms," International Business Review, Elsevier, vol. 32(4).
  47. Prakash Kumar Gautam & Dhruba Kumar Gautam & Prem Prasad Silwal, 2025. "Business Model Innovation and Firm Performance of SMEs During the COVID-19 Pandemic: Test of Serial Mediation Model," SAGE Open, , vol. 15(2), pages 21582440251, May.
  48. Merín-Rodrigáñez, Joan & Alegre, Joaquín & Dasí, Àngels, 2025. "International entrepreneurship in innovative SMEs: Examining the connection between CEOs’ dynamic managerial capabilities, business model innovation and export performance," International Business Review, Elsevier, vol. 34(2).
  49. Mei Xuan Liew & Askiah Jamaluddin & Zumilah Zainalaludin & Irwan Syah Md. Yusoff, 2025. "Entrepreneurial Orientation and Firm Performance of Malaysian SMEs: A Systematic Review and the Uncharted Parts," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 11(1), pages 136-156, January.
  50. Jianmin Song & Senmao Xia & Demetris Vrontis & Arun Sukumar & Bing Liao & Qi Li & Kun Tian & Nengzhi Yao, 2022. "The Source of SMEs’ Competitive Performance in COVID-19: Matching Big Data Analytics Capability to Business Models," Information Systems Frontiers, Springer, vol. 24(4), pages 1167-1187, August.
  51. Mahrukh Aslam & Imran Shafi & Jamil Ahmad & Roberto Marcelo Alvarez & Yini Miró & Emmanuel Soriano Flores & Imran Ashraf, 2022. "An Analytical Framework for Innovation Determinants and Their Impact on Business Performance," Sustainability, MDPI, vol. 15(1), pages 1-20, December.
  52. Rammer, Christian & Schubert, Torben & Steines, Leon, 2024. "Studie zu Geschäftsmodellinnovationen im Mittelstand: Abschlussbericht," ZEW Expertises, ZEW - Leibniz Centre for European Economic Research, number 306515.
  53. Wenjun Huang & Takeyasu Ichikohji, 2024. "How dynamic capabilities enable Chinese SMEs to survive and thrive during COVID-19: Exploring the mediating role of business model innovation," PLOS ONE, Public Library of Science, vol. 19(5), pages 1-26, May.
  54. Chamindika Weerakoon & Sarath S. Kodithuwakku, 2023. "Configurations of Business Model Innovation: Unpacking the Practice Adopted by Firms in an Emerging Market Context," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 32(1), pages 218-259, March.
  55. Sonja Đuričin & Isidora Beraha & Olivera Jovanović & Marija Mosurović Ružičić & Marija Lazarević-Moravčević & Mihailo Paunović, 2022. "The Efficiency of National Innovation Policy Programs: The Case of Serbia," Sustainability, MDPI, vol. 14(14), pages 1-14, July.
  56. Vittori, Davide & Natalicchio, Angelo & Panniello, Umberto & Messeni Petruzzelli, Antonio & Cupertino, Francesco, 2022. "Business Model Innovation between the embryonic and growth stages of industry lifecycle," Technovation, Elsevier, vol. 117(C).
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