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State of the Art of Business Models: A Bibliometric Analysis

Author

Listed:
  • Rodrigo do Carmo

    (ISCTE-IUL, Av. das Forças Armadas, 1649-026 Lisbon, Portugal)

  • Carlos Jerónimo

    (ISCTE-IUL, Av. das Forças Armadas, 1649-026 Lisbon, Portugal)

  • Leandro Pereira

    (BRU-Business Research Unit, ISCTE, Sedas Nunes Building, Office 2W17, Avenida das Forças Armadas, 1649-026 Lisboa, Portugal)

  • Álvaro Dias

    (ISCTE-IUL, Av. das Forças Armadas, 1649-026 Lisbon, Portugal)

  • Vânia Patricio

    (ISCTE-IUL, Av. das Forças Armadas, 1649-026 Lisbon, Portugal)

Abstract

Various studies have investigated the business model (BM) in different dimensions. However, bibliometric analyses in this discipline are still limited. This study aims to conduct a bibliometric analysis of business model research, identifying the state of the art, trends, and other indicators by analyzing articles published on the Web of Science (WoS) platform from 2017 to 2022. The present study examines the simultaneous occurrence of publications by year, keyword trends, bibliographic coupling, analysis of co-authorship, cities, and institutions, and finds that the literature on business models rapidly expanded between 2017 and 2020. A total of 14,881 articles were obtained as samples. The present study employs VOSviewer software to analyze the data. A considerable amount of literature has been produced on BMs, but researchers have stopped developing further literature which is thought-provoking. Based on the findings of this study, it is concluded that there is a need to research BMs in different domains such as sustainability and digitalization.

Suggested Citation

  • Rodrigo do Carmo & Carlos Jerónimo & Leandro Pereira & Álvaro Dias & Vânia Patricio, 2023. "State of the Art of Business Models: A Bibliometric Analysis," Sustainability, MDPI, vol. 15(5), pages 1-14, March.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:5:p:4482-:d:1086101
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    References listed on IDEAS

    as
    1. Alexia Athanasopoulou & Mark De Reuver, 2020. "How do business model tools facilitate business model exploration? Evidence from action research," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(3), pages 495-508, September.
    2. Mercedes Jiménez-García & José Ruiz-Chico & Antonio Rafael Peña-Sánchez & José Antonio López-Sánchez, 2020. "A Bibliometric Analysis of Sports Tourism and Sustainability (2002–2019)," Sustainability, MDPI, vol. 12(7), pages 1-18, April.
    3. Buckley, Peter J. & Tian, Xiaowen, 2017. "Internalization theory and the performance of emerging-market multinational enterprises," International Business Review, Elsevier, vol. 26(5), pages 976-990.
    4. Steve Evans & Doroteya Vladimirova & Maria Holgado & Kirsten Van Fossen & Miying Yang & Elisabete A. Silva & Claire Y. Barlow, 2017. "Business Model Innovation for Sustainability: Towards a Unified Perspective for Creation of Sustainable Business Models," Business Strategy and the Environment, Wiley Blackwell, vol. 26(5), pages 597-608, July.
    5. Federico Cosenz & Vinicius Picanço Rodrigues & Francesco Rosati, 2020. "Dynamic business modeling for sustainability: Exploring a system dynamics perspective to develop sustainable business models," Business Strategy and the Environment, Wiley Blackwell, vol. 29(2), pages 651-664, February.
    6. Oliver Gassmann & Karolin Frankenberger & Roman Sauer, 2016. "Exploring the Field of Business Model Innovation," Springer Books, Springer, number 978-3-319-41144-6, December.
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