title: Business Models and Financial Performance of Companies: The Russian Market of Electronics and Home Appliances
metadata.name: dc.contributor.author
metadata.value: Migol, Ekaterina V.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Tretyak, Olga A.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2018-01-30T09:22:15Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2018-01-30T09:22:15Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2017-12
metadata.lang: -
metadata.name: dc.identifier.citation
metadata.value: Migol E. V., Tretyak O. A. Business Models and Financial Performance of Companies: The Russian Market of Electronics and Home Appliances. Vestnik of Saint Petersburg University. Mana gement, 2017, vol. 16, issue 4, pp. 531–563.
metadata.lang: en_GB
metadata.name: dc.identifier.other
metadata.value: 10.21638/11701/spbu08.2017.403
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/9013
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: Recent advances in communication and information technologies have allowed companies to introduce new business models (BM) by implementing subjects of process, product and organizational innovation and involving new forms of cooperation and collaboration. All of this brings evidence to the fact that the Internet with its dynamic, rapid growth and highly competitive characteristics creates new ways of making a profit for the companies and makes it possible to construct new platforms for novel business models. There are currently an increasing number of publications in the sphere of business models. Due to BM-related issues being relatively new in academic research, there is still a lack of one common methodology for the analysis of this construct. The purpose of this paper is to investigate the question of correlation between BM and company’s financial results. We take Russian retail companies that specialize in home appliances and electronic products as the subject of our study, assuming that these companies are more likely to use and implement the advances of information technologies and experiment with their business models. Building on existing literature, we conceptualize a firm’s business model as a number of interdependent activities that describe the sources of firm’s value creation — novelty, lock-in, complementarities and efficiency. The next step is to explore their connections with the firms’ financial performance. The empirical results show that there is a statistical correlation between novelty-centered BM and financial results. The paper is limited to one certain segment of the market: retail firms that specialize in home appliances and electronics.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: The research was realized within the framework of the National Research University "Higher School of Economics (HSE)" Basic Research Program in 2017 “Study of the Impact of Types of Business Models and Marketing Practices Implemented on Financial Performance of the Company".
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Vestnik of St Petersburg University. Management;Volume 16; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: business model
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: value chain
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: value co-creation
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: sources of value creation
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: financial results
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: market of electronic products and home appliances
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Russia
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Business Models and Financial Performance of Companies: The Russian Market of Electronics and Home Appliances
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 03-Migol.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/9013/1/03-Migol.pdf
resources.format: Adobe PDF
resources.size: 363,68 kB