When Business Model Innovation creates value for companies: A meta analysis

SITE (Science, Innovation, Technology, and Entrepreneurship)

Speaker:Roxana Turturea , Stockholm School of Economics
Date: Tuesday 25 May 2021
Time: 11:30
Location: Via Zoom - link available from

Further details


Using a meta-analysis based on 147 primary studies from 27 countries, we synthesize extant knowledge on the relationship between business model innovation (BMI) and firm performance. We build on innovation literature and the institution-based view to theorize that BMI will have a positive effect on firm performance, but that the magnitude of this effect will depend on institutional contingencies. Specifically, we argue and show that the positive relationship between BMI and performance is weaker in countries characterized by high levels of masculinity and individualism, and stronger in countries characterized by high levels of customer orientation, education, and economic freedom.


Roxana Turturea is Assistant Professor at the House of Innovation at the Stockholm School of Economics (SSE). She obtained her PhD from Rotterdam School of Management, Erasmus University. Prior to joining SSE, she worked as a Postdoc Researcher at Aalto University School of Science. Roxana’s primary research interests are Entrepreneurial Finance and Corporate Governance. Her research pertaining to Entrepreneurial Finance covers a wide range of contexts from equity crowdfunding to initial public offerings. More specifically, she examines how entrepreneurs persuade investors to invest in their firms, and how investors evaluate investment opportunities. Her research pertaining to Corporate Governance investigates how different forms of corporate governance (e.g., state ownership) influence strategic decision-making in ways that ultimately affect firm performance. She further examines how these relationships are influenced by institutional factors, such as political, legal or cultural institutions. Roxana published articles in journals such as Journal of Management, Journal of Management Studies, Journal of World Business, Global Strategy Journal, Long Range Planning and Small Business Economics.