Digital transformation in small and medium-sized enterprises: business model innovation and information technology adoption - the case of Austria

This study investigates digital technology adoption and business model innovation in Austrian small and medium-sized enterprises (SME) and the related impact on firm performance. Empirical findings based on a survey of 121 SMEs in Austria suggest that digital technology adoption is mediated by business model innovation, and increases the financial performance of SMEs in Austria. This study contributes to a growing interest in the digital transformation and business model innovation in SMEs which facilitate firm performance. Managerial and academic impacts are also discussed.