Market ranking of successful digital business models
The transition from industrial to service economy resulted in a wider adoption of asset-light strategies and technology-enabled business models. In the last ten years, digital companies have ascended to the top of the most valuable firms lists. Various aspects of digital business models have been ex...
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| Format: | Article |
| Language: | Russian |
| Published: |
State University of Management
2023-10-01
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| Series: | Управление |
| Subjects: | |
| Online Access: | https://upravlenie.guu.ru/jour/article/view/650 |
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| _version_ | 1832541297389338624 |
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| author | A. L. Denisova A. N. Lopatnikov A. Yu. Rumyantsev |
| author_facet | A. L. Denisova A. N. Lopatnikov A. Yu. Rumyantsev |
| author_sort | A. L. Denisova |
| collection | DOAJ |
| description | The transition from industrial to service economy resulted in a wider adoption of asset-light strategies and technology-enabled business models. In the last ten years, digital companies have ascended to the top of the most valuable firms lists. Various aspects of digital business models have been exhaustively discussed in management literature, but their economic dimension remains under-researched.We analyze how strategy and business model add value and propose using historical volatility of valuation multiples for ranking companies by the degree of investors’ understanding of a firm’s strategy and business model in addition to ratings of companies by market capitalization. This ranking, in our view, is particularly helpful in analyzing business models of digital companies where most of the value is in intangible assets and economic goodwill. We also propose a way of expanding this research topic in the future. |
| format | Article |
| id | doaj-art-7bafd1b389ea44e785aa8150ed189afe |
| institution | Kabale University |
| issn | 2309-3633 2713-1645 |
| language | Russian |
| publishDate | 2023-10-01 |
| publisher | State University of Management |
| record_format | Article |
| series | Управление |
| spelling | doaj-art-7bafd1b389ea44e785aa8150ed189afe2025-02-04T09:04:40ZrusState University of ManagementУправление2309-36332713-16452023-10-01113789610.26425/2309-3633-2023-11-3-78-96419Market ranking of successful digital business modelsA. L. Denisova0A. N. Lopatnikov1A. Yu. Rumyantsev2State University of ManagementAAR LLCAAR LLCThe transition from industrial to service economy resulted in a wider adoption of asset-light strategies and technology-enabled business models. In the last ten years, digital companies have ascended to the top of the most valuable firms lists. Various aspects of digital business models have been exhaustively discussed in management literature, but their economic dimension remains under-researched.We analyze how strategy and business model add value and propose using historical volatility of valuation multiples for ranking companies by the degree of investors’ understanding of a firm’s strategy and business model in addition to ratings of companies by market capitalization. This ranking, in our view, is particularly helpful in analyzing business models of digital companies where most of the value is in intangible assets and economic goodwill. We also propose a way of expanding this research topic in the future.https://upravlenie.guu.ru/jour/article/view/650business modeldigitalizationinnovationstrategymarket capitalization |
| spellingShingle | A. L. Denisova A. N. Lopatnikov A. Yu. Rumyantsev Market ranking of successful digital business models Управление business model digitalization innovation strategy market capitalization |
| title | Market ranking of successful digital business models |
| title_full | Market ranking of successful digital business models |
| title_fullStr | Market ranking of successful digital business models |
| title_full_unstemmed | Market ranking of successful digital business models |
| title_short | Market ranking of successful digital business models |
| title_sort | market ranking of successful digital business models |
| topic | business model digitalization innovation strategy market capitalization |
| url | https://upravlenie.guu.ru/jour/article/view/650 |
| work_keys_str_mv | AT aldenisova marketrankingofsuccessfuldigitalbusinessmodels AT anlopatnikov marketrankingofsuccessfuldigitalbusinessmodels AT ayurumyantsev marketrankingofsuccessfuldigitalbusinessmodels |