Business Model Innovation Performance: When does Adding a New Business Model Benefit an Incumbent?

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Effectuation or causation as the key to corporate venture success? Investigating effects of entrepreneurial behaviors on business model innovation and venture performance (2017, background): “Recently, BMI has come into focus as source of competitive and performance advantage (Kim and Min, 2015; Lambert and Davidson, 2013; Visnjic et al., 2016).”
Digitalization, business models, and SMEs: How do business model innovation practices improve performance of digitalizing SMEs? (2019, background): “Furthermore, empirical studies are diverse in their research foci and are based on diverse strategic management perspectives and mainly on linear econometric data analysis (e.g., Cucculelli & Bettinelli, 2015; Hartmann et al., 2016; Kim & Min, 2015; Zott & Amit, 2007).”
Creating and capturing value from freemium business models: A demand-side perspective (2018, background): “A first step was taken by Kim and Min (2015), who studied how firms’ complementary asset positions affect the revenues generated from adding online retailing by U.S.-store-based retailers.”