According to the theory of dynamic capabilities,this study establishes a theoretical model of the impacts of digital business models on enterprise innovation performance and explores the mediating effect of dynamic capabilities between the two.The results indicate that digital business models directly and positively affect enterprise innovation performance.That is,the provision,acquisition,and benefits of digital value all have positive impacts on the product and process innovation performance of enterprises.Digital business mod-els indirectly and positively affect the innovation performance of enterprises through dynamic capabilities.That is,they indirectly and positively affect the product and process innovation performance of enterprises through technology perception,knowledge acquisition,and information reconstruction capabilities.According to the re-sults,enterprises should elevate their digital awareness to the dynamic capabilities at the level of organiza-tional strategy,adapt to internal and external environmental changes in a timely manner,and adjust their digi-tal business models by targeted development of dynamic capabilities,thereby enhancing their innovation per-formance.
Digital Business ModelDynamic CapabilitiesEnterprise Innovation Performance