Digital transformation and firm performance in innovative SMEs: The mediating role of business model innovation

Joan Merín-Rodrigáñez, Àngels Dasí and Joaquín Alegre

Technovation, 2024, vol. 134, issue C

Abstract: This study investigates the consequences of digital transformation (DT) over performance in the case of innovative Small and Medium-sized Enterprises (SMEs). SMEs represent a heterogeneous kind of company in terms of capabilities. By focusing on their innovative character as a boundary condition, we increase our understanding of this relationship. We further research the mediating role of business model innovation (BMI) in the relationship between DT and performance. A sample of 434 innovative Spanish SMEs is used to test the research model through Partial Least Squares Structural Equation Modelling (PLS-SEM). We find that BMI partially mediates the positive relationship between DT and performance. This finding extends our understanding of BMI as an alignment tool and a blueprint for innovative SMEs channeling their investments in DT towards the improvement of performance. Finally, we put forward managerial implications and propose future avenues of research.

Keywords: Digital transformation; Business model innovation; Firm performance; Innovative SMEs (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:techno:v:134:y:2024:i:c:s0166497224000774

DOI: 10.1016/j.technovation.2024.103027

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