An integration of antecedents and outcomes of business model innovation: a meta-analytic review

Hongfang Zhang, Huilin Xiao, Yanling Wang, Mahmud Akhter Shareef, Muhammad Awais Shakir Goraya, Muhammad Shakaib Akram

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    Despite the existence of a large body of literature on the business model innovation (BMI) research, there has been no comprehensive empirical review of antecedents of BMI and its outcomes. This study develops a theoretical framework and carries out a meta-analysis of empirical studies to investigate the relationships among BMI, its antecedents and firm performance. The results validate a significant positive association between external and internal antecedents and BMI. Likewise, BMI is positively associated with firm performance. In addition, BMI and firm performance measurement and environmental uncertainty reveal borderline significant moderating effects on the relationship between BMI and firm performance. However, the moderating effect of BMI measurement on the antecedents-BMI relationship is not confirmed during the subgroup analyses. This study not only contributes to research on BMI, but also assists practitioners in interpreting and developing BMI strategies for organizations.
    Original languageEnglish
    Pages (from-to)803-814
    JournalJournal of Business Research
    Early online date14 May 2021
    Publication statusPublished - 1 Jul 2021


    • Business model innovation
    • efficiency-centered BM
    • novelty-centered BM
    • meta-analysis
    • firm performance


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