References
- Ali, M., Khan, T. I. Khattak, M. N., & ŞENER, İ. (2024). Synergizing AI and business: Maximizing innovation, creativity, decision precision, and operational efficiency in high-tech enterprises. Journal of Open Innovation: Technology, Market, and Complexity, 10(3), 100352. doi: 10.1016/j.joitmc.2024.100352
- Amitt, R., & Zott, C. (2001). Value creation in e-Business. Strategic Management Journal, 22(511), 493-520. doi: 10.1002/smj.187
- Ante, L., & Saggu, A. (2025). Quantifying a firm’s AI engagement: Constructing objective, data-driven, AI stock indices using 10-K filings. Technological Forecasting and Social Change, 212, 123965. doi: 10.1016/j.tech-fore.2024.123965
- Åström, J., Reim W., & Parida V. (2022). Value creation and value capture for AI business model innovation: a threephase process framework. Review of Managerial Science, 16, 2111-2133. doi: 10.1007/s11846-022-00521-z
- Babina, T., Fedyk, A., He, A., & Hodson, J. (2024). Artificial intelligence, firm growth, and product innovation. Journal of Financial Economics, 151, 103745. doi: 10.1016/j.jfineco.2023.103745
- Berg, J., Raj, M., & Seamans, R. (2023). Capturing Value from Artificial Intelligence. Academy of Management Discoveries, 9(4), 424-428. doi: 10.5465/amd.2023.0106
- Bordonaba‐Juste, V., Lucia ‐Palacios, L., & Polo ‐Redondo, Y. (2012) The influence of organizational factors on e‐business use: analysis of firm size. Marketing Intelligence & Planning, 30(2), 212-229. https://doi:10.1108/02634501211211984
- Cantrell, L. J., & Linder, J. (2000). Changing business models: Surveying the landscape. Accenture Institute for Strategic Change, 15(1), 142-149.
- Chesbrough, H.W. (2007). Business model innovation, it’s not just about technology anymore. Strategy and Leadership, 35(6), 12-17. doi: 10.1108/10878570710833714
- Coad A., Harasztosi P., Pál R., & Teruel M. (2022). Policy instruments for high-growth enterprises. In: K. Wennberg, C. Sandström (Eds.), Questioning the Entrepreneurial State. Status-quo, Pitfalls, and the Need for Credible Innovation Policy. International Studies in Entrepreneurship (pp. 273-298). Switzerland, Cham: Springer.
- da Silva Marioni, L., Rincon-Aznar, A., & Venturini, F. (2024). Productivity performance, distance to frontier and AI innovation: Firm-level evidence from Europe. Journal of Economic Behavior & Organization, 228, 106762. doi: 10.1016/j.jebo.2024.106762
- Del Baldo, M., & Palazz, F. (2023). High-Growth Benefit Corporations: Leveraging on Intangibles-Insights from Italy. Sustainability, 15(10974), 1-20. doi: 10.3390/su151410974
- Enholm, I. M., Papagiannidis, E., Mikalef, P., & Krogstie, J. (2022). Artificial intelligence and business value: A literature review. Information Systems Frontiers, 24(5), 1709-1734. doi: 10.1007/s10796-021-10186-w
- Eurostat. (2025). Use of artificial intelligence in enterprises. Retrieved from: https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Use_of_artificial_intelligence_in_enterprises
- Haftor, D. M., Costa-Climent, R., & Ribeiro-Navarrete, S. (2024). Firms’ use of predictive artificial intelligence for economic value creation and appropriation. International Journal of Information Management, 79(102836), 1-35. doi: 10.1016/j.ijinfomgt.2024.102836
- Ifinedo, P. (2011). Internet/e‐business technologies acceptance in Canada’s SMEs: an exploratory investigation. Internet Research, 21(3), 255-281. doi: 10.1108/10662241111139309
- Kaplan, A., & Haenlein, M. (2019). Siri, Siri, in my hand: Who’s the fairest in the land? On the interpretations, illustrations, and implications of artificial intelligence. Business Horizons, 62, 15-25. doi: 10.1016/j.bushor.2018.08.004
- Kinkel, S., Baumgartner, M., & Cherubini, E. (2022). Prerequisites for the adoption of AI technologies in manufacturing - Evidence from a worldwide sample of manufacturing companies. Technovation, 110, 102375, doi: 10.1016/j.technovation.2021.102375
- Kopka, A., & Fornahl, D. (2024). Artificial intelligence and firm growth - catch-up processes of SMEs through integrating AI into their knowledge bases. Small Business Economics, 62, 63-85. doi: 10.1007/s11187-023-00754-6
- Kristoffersen, E., Blomsma, F., Mikalef, P., & Li, J. (2020). The smart circular economy: A digital-enabled circular strategies framework for manufacturing companies. Journal of Business Research, 120, 241-261. doi: 10.1016/j.jbusres.2020.07.044
- Lee, J., Suh, T., Roy, D., & Baucus, M. (2019). Emerging Technology and Business Model Innovation: The Case of Artificial Intelligence. Journal of Open Innovation: Technolgy, Market, and Complexity, 5(3), 1-13. doi: 10.3390/joitmc5030044
- Mishra, S., & Tripathi, A. R. (2021). AI business model: an integrative business approach. Journal of Innovation and Entrepreneurship, 10(18), 1-21. doi: 10.1186/s13731-021-00157-5
- Na, S., Heo, S., Choi, W., Han, S., & Kim, C. (2023). Firm Size and Artificial Intelligence (AI)-Based Technology Adoption: The Role of Corporate Size in South Korean Construction Companies. Buildings, 13(4), 1066. doi: 10.3390/buildings13041066
- Nightingale, P., & Coad, A. (2014). Muppets and gazelles: Political and methodological biases in entrepreneurship research. Industrial and Corporate Change, 23(1), 113-143. doi: 10.1093/icc/dtt057
- OECD. (2010). High-Growth Enterprises: What Governments Can Do to Make a Difference. OECD Studies on SMEs and Entrepreneurship. Retrieved from http://dx.doi:10.1787/9789264048782-en.
- Osterwalder, A., & Pigneur, Y. (2010). Business Model Generation: A Handbook for Visionaries, Game Changers, and Challengers. New Jersey, USA: John Wiley and Sons.
- Otola, I., Grabowska, M., & Krupka, Z. (2023). Response of high-growth enterprises to the crisis caused by the Covid -19 pandemic. Management: Journal of Contemporary Management Issues, 28(2), 13-26. doi: 10.30924/mjcmi.28.2.2
- Otola, I., Grabowska, M., & Szajt, M. (2020). Value Composition for Business Models of High-Growth Enterprises. In: I. Otola, & M. Grabowska (Eds.), Business models: Innovation, digital transformation, and analytics (pp. 33-47). New York, USA: CRC Press.
- Pereira, V., & Temouri, Y. (2018). Impact of institutions on emerging European high-growth firms. Management Decision, 56(1), 175-187. doi: 10.1108/MD-03-2017-0279
- Prisco, A., Abdallah, Y. O., Morande, S., & Gheith, M. H. (2022). Factors affecting blockchain adoption in Italian companies: the moderating role of firm size. Technology Analysis & Strategic Management, 36(10), 2517-2530. https://doi:10.1080/09537325.2022.2155511
- Richardson, J. (2008). The business model: an integrative framework for strategy execution. Strategic Change, 17, 133-144. doi: 10.1002/jsc.821
- Rožman, M., Oreški, D., Crnogaj, K. & Tominc, P. (2023). Agility and Artificial Intelligence Adoption: Small vs. Large Enterprises. Na š e gospodarstvo/Our economy, 69(4), 26-37. doi: 10.2478/ngoe-2023-0021
- Shollo, A., Hopf, K., Thiess, T., & Müller, O. (2022). Shifting ML value creation mechanisms: A process model of ML value creation. The Journal of Strategic Information Systems, 31(3:101734), 1-20. doi: 10.1016/j. jsis.2022.101734
- Sjӧdin, D., Parida V., Palmié M., & Wincent J. (2021). How AI capabilities enable business model innovation: Scaling AI through co-evolutionary processes and feedback loops. Journal of Business Research, 34, 574-587. doi: 10.1016/j.jbusres.2021.05.009
- Sjӧdin, D., Parida, V., & Kohtamäki, M. (2023). Artificial intelligence enabling circular business model innovation in digital servitization: Conceptualizing dynamic capabilities, AI capacities, business models and effects. Technological Forecasting & Social Change, 197. doi: 10.1016/j.techfore.2023.122903
- Sokhanvar, A. (2025). FDI and productivity: facts versus fiction of high growth. International Journal of Emerging Markets, 20(2), 913-932. doi: 10.1108/IJOEM-07-2021-1134
- Temouri, Y., Luong, H.-P., Pereira, V., & Rammal, H. G. (2025). The Role of cluster ecosystems and intellectual capital in achieving high growth entrepreneurship: Evidence from Germany. Journal of Intellectual Capital, 26(1), 1-24. doi: 10.1108/JIC-01-2024-0017
- Teruel, M., Bauer, P., Coad, A., Domnick, C., Harasztosi, P., Rückert, D., & Weiss, Ch. (2024). Digitalisation and high-growth enterprises in Europe. Technology Analysis & Strategic Management, 1-14. doi: 10.1080/09537325.2024.2394771
- Tse, T., Esposito, M., Mizuno, T., & Goh, D. (2020). The Dumb Reason Your AI Project Will Fail. Retrieved from https://hbr.org/2020/06/the-dumb-reason-your-ai-project-will-fail
- Wahab, M. D. A., & Radmehr, M. (2024). The impact of AI assimilation on firm performance in small and medium-sized enterprises: A moderated multi-mediation model. Heliyon, 10(8). doi: 10.1016/j.heliyon.2024. e29580
- Yang, J., Blount, Y., & Amrollahi, A. (2024). Artificial intelligence adoption in a professional service industry: A multiple case study. Technological Forecasting and Social Change, 201, 123251, doi: 10.1016/j.tech-fore.2024.123251
- Zhang, W., Li, S., Li, Z., & Feng, H. (2023). Assessing the competitiveness of listed Chinese high-growth companies in the STAR market. Heliyon, 9, 1-13. doi: 10.1016/j.heliyon.2023.e15735