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Adoption of Digital Technologies, Business Model Innovation, and Financial and Sustainability Performance in Start-Up Firms

Adoption of Digital Technologies, Business Model Innovation, and Financial and Sustainability Performance in Start-Up Firms DOWNLOAD (790.86 KB)

Publication Type:

Report

Publisher:

Asian Development Bank (ADB)

Publication:

July 2024


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This report examines how digitalization affects firm performance using survey data from 681 digital entrepreneurs in six ASEAN countries.

Digital technologies create opportunities and challenges for all businesses, not only those operating in digital sectors. But how exactly has technology transformed businesses, especially start-ups?

This report examines how digitalization affects firm performance using survey data from 681 digital entrepreneurs in six ASEAN countries. The report finds that select digital applications and firm’s business model digitalization drive business model experimentation. These findings underscore the significant value for the design of entrepreneurial and digitalization policies in Asian developing economies and in emerging economies more widely. The analysis points to important performance implications of digital technology adoption by entrepreneurial businesses.

Contents

  • Introduction
  • Digitalization, Business Model Innovation, and Entrepreneurship
  • Theoretical Model of Digitalization, Business Model Experimentation, and Entrepreneurial Performance
  • Methods
  • Analysis and Findings
  • Discussion and Conclusions