Kumar, Saurav; Stein, Luiza; Honecker, Felix - In: Journal of business models : JOBM 13 (2025) 2, pp. 182-194
In this conceptual paper, we discuss four future scenarios of the financial industry, illustrating a potential industry configuration. We take a legitimacy-based perspective on future business models, highlighting interdependencies between legitimacy, regulation policy, and industry structure....