The Research On Business Model And Corporate Value Based On The Theory Of Value Chain

Strategic emerging industry is proposed in recent years to deal with the global financial crisis, following with richer and richer research, but there are not so many studies for business model. Business model is a process for industries getting value, and its good or bad can explain the content of industrial development or even predict the future trends. Currently, business model studies focus more on the concept, content, classification and its influencing factors, etc., and there is no unified result for these problems. In addition, it also lacks of empirical researches for business model and its relationship with corporate performance. The corporate performance is a direct reflection of quality of business model, which promotes industrial development through developing corporate value. Therefore, studies of relationship between business model and corporate value have important theoretical and practical significance. Besides, just studying the impacts of business model on corporate value cannot provide detailed and specific proposal for the future development of strategic emerging industry, and through studying all aspects of business model can promote and analyze focused.The relationship and commonality between value chains and business models have been agreed by many scholars, the value chain based research method for business model has been applied universally, which is also a more convincing research idea until now. This essay divided business model of strategic emerging industry based on value chain theory, and it also extend the value chain to industry chain, proposing four parts including supplier value chain, basic value chain, distribution channels and customer value chain. It helps to know business model from the four aspects, based on which it build a business model index system. In this essay, the new generation of information technology industry listed companies is picked as research objects, in which selecting183samples. It collects relevant data from annual report and Wind database, and then analyzing business model from separating module, discovering its own unique. After analyzing the collected data, the essay creates regression analysis model to analyzing the impact of business model on corporate value. During the study, the essay also adds the government support into this research, which is used to analyze the impacts of government support on the relations between business model and corporate value. After a series of empirical analysis, the essay finds that government support, business models and corporate value do have significant relationship, and it finds some developing issues of new generation information industry at present.Based on empirical research findings, the essay proposes some policy recommendations for the new generation of information technology industry at the end part, which points out the direction for future research in this field. Due to the limitations of data and basis, there are some issues are not discussed in depth in this research, and there are some unresolved issued left. However, the essay provides a new perspective for business model empirical research, which proposes an objective reference proposal for further development of the information technology industry. Additionally, this essay also has some reference value for the follow-up study of strategic emerging industries.