Technology Adoption with Exit in Imperfectly Informed Equity Markets

The American Economic Review ◽

10.1257/aer.100.3.925 ◽

2010 ◽

Vol 100 (3) ◽

pp. 925-957 ◽

Cited By ~ 11

Author(s):

Katrin Tinn

Keyword(s):

Technology Adoption ◽

Equity Markets ◽

Market Liquidity ◽

Venture Capitalists ◽

Limited Participation ◽

Market Participants ◽

Technology Stocks ◽

Equity Price ◽

Slow Technology

This paper focuses on the importance of equity markets in facilitating the exit of entrepreneurs investing in technology. Entrepreneurs' willingness to invest and aggregate output is affected in two opposite ways. First, uncertainty about equity price or lack of market liquidity discourages technology adoption. This can explain slow technology adoption and limited participation by venture capitalists in underdeveloped equity markets. Second, fast adoption is a positive signal to imperfectly informed equity market participants. This provides a rational explanation for overpricing technology stocks and overinvestment in developed markets. Fast adoption is most probable at an intermediate quality of information. (JEL D82, E23, G12, G31, G32, O33)

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FAKTOR KESIAPAN DAN ADOPSI TEKNOLOGI INFORMASI DALAM KONTEKS TEKNOLOGI SERTA LINGKUNGAN PADA UMKM DI JAKARTA

JITK (Jurnal Ilmu Pengetahuan dan Teknologi Komputer) ◽

10.33480/jitk.v5i1.616 ◽

2019 ◽

Vol 5 (1) ◽

pp. 49-56 ◽

Cited By ~ 2

Author(s):

Asrul Sani ◽

Ninuk Wiliani

Keyword(s):

Information Technology ◽

Technology Adoption ◽

Quantitative Study ◽

Business Management ◽

Technology Readiness ◽

Business Sector ◽

Research Model ◽

Information Technology Adoption ◽

Technology Adoption Model ◽

Adoption Model

Use of information technology in general is very important for the development of the organization. Likewise, if the development of information technology can be applied to the small and medium business sector, so that it can increase the selling value of the sector. This research was conducted to answer the readiness of the SMEs sector in adopting information technology developments in business management. In this case the researcher develops the research model by adopting the technology readiness model and information technology adoption model in the context of technology and environment, combining and adjusting it according to the development of SMEs in Jakarta. This quantitative study involved 67 samples from MSME workers. Data was processed and analyzed using the PLS-SEM method using SmartPLS 2.0 software. The study also explained the results of the readiness factor which has a significant relationship to the utilization of information technology in SMEs in Jakarta

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