Business Model Literature Overview

This paper investigates the consequences of business model (BM) disclosures. Content analysis is used to assess the mandatory disclosure of BM in in 75 publicly listed companies' annual reports across a three‐year period (2014–2016). The research applies a novel content analysis methodology that considers the way in which the relevance of BM disclosures is dependent on which particular BM a given company adopts. The empirical results show notably low levels of BM disclosure and no significant association between BM disclosures and market value. However, we find that BM disclosure provides insights into earnings quality by means of enhanced earnings persistence. These findings reveal that information about the BM itself does not make a difference to investors when it is not linked to financial outcomes. Instead, BM acts as a framework for organizing other disclosures, and provides complementary information about value generation, helping users understand how earnings are generated. These results are important for informing the policy‐making process around extra‐financial disclosures (e.g., EU Directive 2014/95/EU) and answer calls for research to inform future improvements to corporate and integrated reporting.

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“…Many BM definitions can be found in the literature (Novak, 2014; Massa et al ., 2017). However, it is possible to identify several common traits.…”

Section: The Role Of the Business Model Concept In Reportingmentioning

confidence: 99%

Business Model Disclosures, Market Values, and Earnings Persistence: Evidence From the UK

Simoni

Schaper

Nielsen³

2021

Abacus

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“…in [20] cited in [21]), it was during the mid-90s when the term turned into a buzzword in the business area, and in the late 90s when it particularly came to attention with the commercialization of the Internet [21]. As the literature on BMs is heterogeneous, there is no generally accepted definition of the BM concept yet [22][23][24]. Nevertheless, BM is a concept often used to describe how a firm works [25].…”

Section: Related Workmentioning

confidence: 99%

A Typology of Digital Sharing Business Models: A Design Science Research Approach

Pouri

Hilty

2020

Lecture Notes in Computer Science

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The digitally enabled sharing economy, also called the "digital sharing economy" (DSE), has changed patterns of consumption by introducing new choices and channels for provision and receipt of services. The DSE encompasses sharing systems whose business models may vary distinctly from platform to platform. Although business models in the context of the sharing economy have been studied so far, we have observed that the current literature does not provide an approach that covers all the possible business models (in the broadest sense of the term) that (potentially) exist within the scope of the DSE. The present paper, therefore, aims to propose a typology of business models in the DSE that covers a wide space of models-even those which may not involve "business" in the commercial sense. This is achieved through an iterative inductive process based on a design science research approach. The typology can assist in positioning the current and future sharing systems in the DSE by systematically classifying their business models. It is intended to serve as a guiding tool for the sustainability assessment of platforms from both resource and socioeconomic perspectives. The present study can also enable researchers and practitioners to capture and systematically analyse digital sharing business models based on a structured, actionable approach.

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“…ifrs 9 also introduces the new accounting within different business models which are the key triggers for the classification of financial instruments. A business model is a new term in accounting (Page 2014, 684;Girella, Tizzano, and Ferrari 2019;Di Fabio and Avallone 2018;Novak 2014;Lassini, Lionzo, and Rossignoli 2016) and is determined by ifrs 9 (International Accounting Standards Board 2009, 12) as:…”

Section: Classification Categoriesmentioning

confidence: 99%

ifrs 9: Initiator of Changes in Management Accounting Processes

Gornjak¹

2019

MNG

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From 1st of January 2018 all financial and non-financial organizations (except insurance companies), which have financial instruments, such as cash, receivables, debt or equity securities, in the statements of financial positions, had to replace the accounting under ias 39 with ifrs 9. The replacement changes and has an impact on accounting processes, accounting routines, accounting policies, decision-making, and financial statements. The impact is also on shareholder value. In research on the case study of the Pension Company in Slovenia, we anticipate the changes because of the replacement. The purpose of the article is to present the changes in processes, decision-making, and accounting. Our contribution is to the growing literature on accounting, particularly on the replacement of ias 39 with ifrs 9 and management accounting. It is important to understand the changes that the replacement brings to the corporate governance of the organizations.

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Business Model Literature Overview

Cited by 16 publications

References 90 publications

Business Model Disclosures, Market Values, and Earnings Persistence: Evidence From the UK

Business Model Disclosures, Market Values, and Earnings Persistence: Evidence From the UK

A Typology of Digital Sharing Business Models: A Design Science Research Approach

ifrs 9: Initiator of Changes in Management Accounting Processes

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