Thesis (PH.D.) - Cyprus International University. Institute of Graduate Studies and Research Business Administration Department

Includes bibliography (sheets 154-195)

ABSTRACT
The issues of business model innovations (BMI) and corporate performance have been
receiving a tremendous attention from scholars, business captains, and other
stakeholders. This is owing to the dynamic and competitive of the contemporary
business environment which makes it imperative for every organization to devise a
strategy that will enable them to achieve competitive advantage in the market where they
operates. The literature shows some gaps that in the understanding of this relationship,
as the studies in this area of research are more of theoretical than empirical. Thus, this
study aimed at answer the following research questions: i) do business model
innovations (BMI) have a relationship with sustainable innovations orientation (SIO)? 2)
What are the drivers and outcomes of sustainable innovations orientation? 3) do
management accounting and control systems (MACS) have a relationship with
sustainable innovation orientations? 4) Do business model innovation influence
corporate performance (environmental performance, financial performance, employee
performance, and sustainable process and product innovations) through sustainable
innovation orientation? 5) Do management accounting and control systems influence
corporate performance through sustainable innovation orientation?. In order to address
these questions, 400 structured questionnaires were administered to the managers of the
selected manufacturing companies in United Arab Emirate (UAE), out of which 355
(88.75%) questionnaire were retrieved and utilized for further analysis. PLS-SEM was
employed for the model structural testing with the SmartPLS 3 utilized for data
processing. Our study revealed that BMI does not directly influence SIO, but has a direct
relationship with MACS, while MACS has a direct relationship with SIO. While
industry-related factor shows to be a significant driver of SIO, firm-related shows not to
be a determinant. This study found environmental performance (environmental
performance, financial performance, employee performance, and sustainable process and
product innovations) to be the significant outcomes of sustainable innovation
orientations. Thus, the argument of SIO influences the overall corporate performance
was supported with our findings. In addition, it was established in this study that MACS
partially mediates the relationship between BMI and SIO; while SIO partially mediates
the relationship between the followings: MACS and sustainable process innovation;
MACS and sustainable product innovations; MACS and environmental performance;
and, MACS and financial performance. Lastly, the implications of the study and
suggestion for future studies were addressed in the study.