CORPORATE DATABASE SCREENING AS A FACTOR IN ENTERPRISE BUSINESS MODEL ADAPTATION

Authors

DOI:

https://doi.org/10.32782/ecovis/2026-3-11

Keywords:

buyer identification, corporate database screening, Orbis, NACE codes, composite ranking, large language models, export strategy, business model adaptation

Abstract

The aim of the study is to develop and test a methodological approach to identifying potential buyers in foreign markets based on the screening of corporate databases as a factor in adapting a company’s business model. The following methods were applied: case studies, screening of the Orbis database using NACE codes, a weighted assessment of profile relevance, composite ranking, profile verification using artificial intelligence, and logistical adjustment. A five-stage algorithm was proposed: from a screening of 8,878 companies, a database of 374 verified counterparties was compiled. Screening is viewed not as a technical procedure, but as a factor in restructuring the customer segment of a business model when entering foreign markets. The scientific novelty lies in the combination of deterministic ranking with the verification of buyer profiles using artificial intelligence. The methodology is suitable for export-oriented enterprises.

References

Ishchuk S. O., Sozanskyi L. Y. (2024). Ukrainskyi tovarnyi eksport: vyklyky v umovakh viiny ta povoiennoho vidnovlennia [Ukrainian commodity exports: challenges of the war and post-war recovery]. Rehionalna ekonomika – Regional Economy, no. 1 (111), pp. 81–94. DOI: https://doi.org/10.36818/1562-0905-2024-1-8

Lisova R. M. (2020). Heneza pohliadiv na evoliutsiiu kontseptsii biznes-modeli ta yii strukturu [Genesis of views on the evolution of the business model concept and its structure]. Ekonomichnyi prostir – Economic Scope, no. 159, pp. 83–87. DOI: https://doi.org/10.32782/2224-6282/159-17

Lopatynskyi Yu. M., Kindzerskyi V. V., Ostapenko S. V. (2022). Instytutsii v umovakh hlobalnykh zmin [Institutions under global changes]. Naukovyi visnyk Chernivetskoho natsionalnoho universytetu. Ekonomika – Scientific Herald of Chernivtsi University. Economics, no. 844, pp. 3–10. Available at: https://ef.chnu.edu.ua/media/jksmrjkn/nv_844_2023.pdf

Pashchuk L. V., Makaruk I. S. (2024). Kryterii vidboru krain dlia mizhnarodnoho rozshyrennia diialnosti ukrainskykh IT-kompanii [Country selection criteria for the international expansion of Ukrainian IT companies]. Ekonomika ta suspilstvo – Economy and Society, no. 70, pp. 444–449. DOI: https://doi.org/10.32782/2524-0072/2024-70-154

Soboliev V. M., Korepanov O. S., Chala T. H., Moloshnikov Ye. V. (2024). Vplyv rynku budivelnykh materialiv na ekonomichne zrostannia v umovakh viiny: porivnialnyi makro- ta mikroanaliz [The impact of the construction materials market on economic growth in wartime: a comparative macro- and microanalysis]. Biznes Inform – Business Inform, no. 1, pp. 124–131. DOI: https://doi.org/10.32983/2222-4459-2024-1-124-131

Cadogan J. W., Diamantopoulos A., de Mortanges C. P. (1999). A measure of export market orientation: scale development and cross-cultural validation. Journal of International Business Studies, vol. 30, no. 4, pp. 689–707. DOI: https://doi.org/10.1057/palgrave.jibs.8490834

Calof J. L., Wright S. (2008). Competitive intelligence: a practitioner, academic and inter-disciplinary perspective. European Journal of Marketing, vol. 42, no. 7/8, pp. 717–730. DOI: https://doi.org/10.1108/03090560810877114

Cavusgil S. T. (1985). Guidelines for export market research. Business Horizons, vol. 28, no. 6, pp. 27–33. DOI: https://doi.org/10.1016/0007-6813(85)90082-5

Cavusgil S. T., Kiyak T., Yeniyurt S. (2004). Complementary approaches to preliminary foreign market opportunity assessment: country clustering and country ranking. Industrial Marketing Management, vol. 33, no. 7, pp. 607–617. DOI: https://doi.org/10.1016/j.indmarman.2003.10.005

Diamantopoulos A., Souchon A. L. (1999). Measuring export information use: scale development and validation. Journal of Business Research, vol. 46, no. 1, pp. 1–14. DOI: https://doi.org/10.1016/S0148-2963(98)00099-X

Douglas S. P., Craig C. S. (2011). The role of context in assessing international marketing opportunities. International Marketing Review, vol. 28, no. 2, pp. 150–162. DOI: https://doi.org/10.1108/02651331111122641

Eurostat. EU trade since 1988 by CN8 (DS-016890): Comext database. Available at: https://ec.europa.eu/eurostat/web/international-trade-in-goods/database

Foss N. J., Saebi T. (2017). Fifteen years of research on business model innovation: how far have we come, and where should we go? Journal of Management, vol. 43, no. 1, pp. 200–227. DOI: https://doi.org/10.1177/0149206316675927

Johanson J., Vahlne J.-E. (1977). The internationalization process of the firm – a model of knowledge development and increasing foreign market commitments. Journal of International Business Studies, vol. 8, no. 1, pp. 23–32. DOI: https://doi.org/10.1057/palgrave.jibs.8490676

Johanson J., Vahlne J.-E. (2009). The Uppsala internationalization process model revisited: from liability of foreignness to liability of outsidership. Journal of International Business Studies, vol. 40, no. 9, pp. 1411–1431. DOI: https://doi.org/10.1057/jibs.2009.24

Kalemli-Özcan Ş., Sørensen B. E., Villegas-Sanchez C., Volosovych V., Yeşiltaş S. (2024). How to construct nationally representative firm-level data from the Orbis global database: new facts on SMEs and aggregate implications for industry concentration. American Economic Journal: Macroeconomics, vol. 16, no. 2, pp. 353–374. DOI: https://doi.org/10.1257/mac.20220036

Leonidou L. C., Katsikeas C. S. (1996). The export development process: an integrative review of empirical models. Journal of International Business Studies, vol. 27, no. 3, pp. 517–551. DOI: https://doi.org/10.1057/palgrave.jibs.8490846

Morgan N. A., Kaleka A., Katsikeas C. S. (2004). Antecedents of export venture performance: a theoretical model and empirical assessment. Journal of Marketing, vol. 68, no. 1, pp. 90–108. DOI: https://doi.org/10.1509/jmkg.68.1.90.24028

Orbis database: global private company data and intelligence. Moody's (formerly Bureau van Dijk). Available at: https://www.moodys.com/web/en/us/capabilities/company-reference-data/orbis.html

Papadopoulos N., Denis J.-E. (1988). Inventory, taxonomy and assessment of methods for international market selection. International Marketing Review, vol. 5, no. 3, pp. 38–51. DOI: https://doi.org/10.1108/eb008357

Pinto Ribeiro S., Menghinello S., De Backer K. (2010). The OECD ORBIS database: responding to the need for firm-level micro-data in the OECD. OECD Statistics Working Papers no. 2010/01. Paris: OECD Publishing. DOI: https://doi.org/10.1787/5kmhds8mzj8w-en

Root F. R. (1994). Entry strategies for international markets. Revised and expanded edition. New York: Lexington Books, 324 p.

Saebi T., Lien L., Foss N. J. (2017). What drives business model adaptation? The impact of opportunities, threats and strategic orientation. Long Range Planning, vol. 50, no. 5, pp. 567–581. DOI: https://doi.org/10.1016/j.lrp.2016.06.006

Souchon A. L., Diamantopoulos A. (1996). A conceptual framework of export marketing information use: key issues and research propositions. Journal of International Marketing, vol. 4, no. 3, pp. 49–71. DOI: https://doi.org/10.1177/1069031X9600400305

Tenders Electronic Daily (TED): supplement to the Official Journal of the European Union. Available at: https://ted.europa.eu/en/

Teece D. J. (2010). Business models, business strategy and innovation. Long Range Planning, vol. 43, no. 2–3, pp. 172–194. DOI: https://doi.org/10.1016/j.lrp.2009.07.003

Zott C., Amit R., Massa L. (2011). The business model: recent developments and future research. Journal of Management, vol. 37, no. 4, pp. 1019–1042. DOI: https://doi.org/10.1177/0149206311406265

Іщук С. О., Созанський Л. Й. Український товарний експорт: виклики в умовах війни та повоєнного відновлення. Регіональна економіка. 2024. № 1 (111). С. 81–94. DOI: https://doi.org/10.36818/1562-0905-2024-1-8

Лісова Р. М. Генеза поглядів на еволюцію концепції бізнес-моделі та її структуру. Економічний простір. 2020. № 159. С. 83–87. DOI: https://doi.org/10.32782/2224-6282/159-17

Лопатинський Ю. М., Кіндзерський В. В., Остапенко С. В. Інституції в умовах глобальних змін. Науковий вісник Чернівецького національного університету. Економіка. 2022. Вип. 844. С. 3–10. URL: https://ef.chnu.edu.ua/media/jksmrjkn/nv_844_2023.pdf

Пащук Л. В., Макарук І. С. Критерії відбору країн для міжнародного розширення діяльності українських ІТ-компаній. Економіка та суспільство. 2024. Вип. 70. С. 444–449. DOI: https://doi.org/10.32782/2524-0072/2024-70-154

Соболєв В. М., Корепанов О. С., Чала Т. Г., Молошніков Є. В. Вплив ринку будівельних матеріалів на економічне зростання в умовах війни: порівняльний макро- та мікроаналіз. Бізнес Інформ. 2024. № 1. С. 124–131. DOI: https://doi.org/10.32983/2222-4459-2024-1-124-131

Cadogan J. W., Diamantopoulos A., de Mortanges C. P. A measure of export market orientation: scale development and cross-cultural validation. Journal of International Business Studies. 1999. Vol. 30. № 4. P. 689–707. DOI: https://doi.org/10.1057/palgrave.jibs.8490834

Calof J. L., Wright S. Competitive intelligence: a practitioner, academic and inter-disciplinary perspective. European Journal of Marketing. 2008. Vol. 42. № 7/8. P. 717–730. DOI: https://doi.org/10.1108/03090560810877114

Cavusgil S. T. Guidelines for export market research. Business Horizons. 1985. Vol. 28. № 6. P. 27–33. DOI: https://doi.org/10.1016/0007-6813(85)90082-5

Cavusgil S. T., Kiyak T., Yeniyurt S. Complementary approaches to preliminary foreign market opportunity assessment: country clustering and country ranking. Industrial Marketing Management. 2004. Vol. 33. № 7. P. 607–617. DOI: https://doi.org/10.1016/j.indmarman.2003.10.005

Diamantopoulos A., Souchon A. L. Measuring export information use: scale development and validation. Journal of Business Research. 1999. Vol. 46. № 1. P. 1–14. DOI: https://doi.org/10.1016/S0148-2963(98)00099-X

Douglas S. P., Craig C. S. The role of context in assessing international marketing opportunities. International Marketing Review. 2011. Vol. 28. № 2. P. 150–162. DOI: https://doi.org/10.1108/02651331111122641

Eurostat. EU trade since 1988 by CN8 (DS-016890): Comext database. URL: https://ec.europa.eu/eurostat/web/international-trade-in-goods/database

Foss N. J., Saebi T. Fifteen years of research on business model innovation: how far have we come, and where should we go? Journal of Management. 2017. Vol. 43. № 1. P. 200–227. DOI: https://doi.org/10.1177/0149206316675927

Johanson J., Vahlne J.-E. The internationalization process of the firm – a model of knowledge development and increasing foreign market commitments. Journal of International Business Studies. 1977. Vol. 8. № 1. P. 23–32. DOI: https://doi.org/10.1057/palgrave.jibs.8490676

Johanson J., Vahlne J.-E. The Uppsala internationalization process model revisited: from liability of foreignness to liability of outsidership. Journal of International Business Studies. 2009. Vol. 40. № 9. P. 1411–1431. DOI: https://doi.org/10.1057/jibs.2009.24

Kalemli-Özcan Ş., Sørensen B. E., Villegas-Sanchez C., Volosovych V., Yeşiltaş S. How to construct nationally representative firm-level data from the Orbis global database: new facts on SMEs and aggregate implications for industry concentration. American Economic Journal: Macroeconomics. 2024. Vol. 16. № 2. P. 353–374. DOI: https://doi.org/10.1257/mac.20220036

Leonidou L. C., Katsikeas C. S. The export development process: an integrative review of empirical models. Journal of International Business Studies. 1996. Vol. 27. № 3. P. 517–551. DOI: https://doi.org/10.1057/palgrave.jibs.8490846

Morgan N. A., Kaleka A., Katsikeas C. S. Antecedents of export venture performance: a theoretical model and empirical assessment. Journal of Marketing. 2004. Vol. 68. № 1. P. 90–108. DOI: https://doi.org/10.1509/jmkg.68.1.90.24028

Orbis database: global private company data and intelligence / Moody's (formerly Bureau van Dijk). URL: https://www.moodys.com/web/en/us/capabilities/company-reference-data/orbis.html

Papadopoulos N., Denis J.-E. Inventory, taxonomy and assessment of methods for international market selection. International Marketing Review. 1988. Vol. 5. № 3. P. 38–51. DOI: https://doi.org/10.1108/eb008357

Pinto Ribeiro S., Menghinello S., De Backer K. The OECD ORBIS database: responding to the need for firm-level micro-data in the OECD: OECD Statistics Working Papers № 2010/01. Paris: OECD Publishing, 2010. DOI: https://doi.org/10.1787/5kmhds8mzj8w-en

Root F. R. Entry strategies for international markets. Revised and expanded edition. New York: Lexington Books, 1994. 324 p.

Saebi T., Lien L., Foss N. J. What drives business model adaptation? The impact of opportunities, threats and strategic orientation. Long Range Planning. 2017. Vol. 50. № 5. P. 567–581. DOI: https://doi.org/10.1016/j.lrp.2016.06.006

Souchon A. L., Diamantopoulos A. A conceptual framework of export marketing information use: key issues and research propositions. Journal of International Marketing. 1996. Vol. 4. № 3. P. 49–71. DOI: https://doi.org/10.1177/1069031X9600400305

Tenders Electronic Daily (TED): supplement to the Official Journal of the European Union. URL: https://ted.europa.eu/en/

Teece D. J. Business models, business strategy and innovation. Long Range Planning. 2010. Vol. 43. № 2–3. P. 172–194. DOI: https://doi.org/10.1016/j.lrp.2009.07.003

Zott C., Amit R., Massa L. The business model: recent developments and future research. Journal of Management. 2011. Vol. 37. № 4. P. 1019–1042. DOI: https://doi.org/10.1177/0149206311406265

Downloads

Published

27.10.2026

How to Cite

Kukuruza, H., & Lopatynskyi, Y. (2026). CORPORATE DATABASE SCREENING AS A FACTOR IN ENTERPRISE BUSINESS MODEL ADAPTATION. Scientific Journal of Yuriy Fedkovich Chernivtsi National University. Economics, (3), 88–95. https://doi.org/10.32782/ecovis/2026-3-11