Journal article
Determining factors for the adoption of e-business: the case of SMEs in Korea
Applied economics, v 38(16), pp 1905-1916
10 Sep 2006
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
This study investigates the determining factors of the successful adoption of e-business by small and medium enterprises (SMEs) in Korea using survey data. After the major determining factors were identified from the innovation adoption literature and were extracted by applying the principal component analysis to the survey data and by adding the country-specific characteristics of Korea, we conducted empirical analyses to determine the critical success factors for the adoption of e-business by Korean firms. The empirical results which are based on t-tests of the differences between adopters and non-adopters, the linear probability model, and the logit model, all suggest that the important determinants of the successful adoption of e-business by SMEs in Korea are: the CEO's knowledge of information technology (IT)/e-business, relative advantages and benefits from implementing e-business, governmental support, globalization strategy and the North Korean factor. Business size, the cost of e-business adoption and competitive pressure of the industry do not seem to play an important role in the adoption of e-business by Korean SMEs. The policy implications of this study on promoting e-business adoption by SMEs in emerging economies, such as Korea, are also discussed.
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Details
- Title
- Determining factors for the adoption of e-business: the case of SMEs in Korea
- Creators
- Bang Nam Jeon - Drexel UniversityKyeong Seok Han - Soongsil UniversityMyung Jin Lee - Soongsil University
- Publication Details
- Applied economics, v 38(16), pp 1905-1916
- Publisher
- Routledge
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:000240951900005
- Scopus ID
- 2-s2.0-33749010060
- Other Identifier
- 991019330811804721
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Economics