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Effect of consistency of the review set on causal attribution: the moderating roles of repeating purchase cues and product knowledge 评论集的一致性对因果归因的影响:重复购买线索和产品知识的调节作用
IF 5.9 3区 管理学 Q1 Social Sciences Pub Date : 2024-01-29 DOI: 10.1108/intr-06-2023-0469
Xiao Peng, Hessam Vali, Xixian Peng, Jingjun (David) Xu, Mehmet Bayram Yildirim

Purpose

The study examines the potential moderating effects of repeating purchase cues and product knowledge on the relationship between the varying consistency of the review set and causal attribution. This study also investigates how causal attribution correlates with the perceived misleadingness of the review set.

Design/methodology/approach

A scenario-based experiment was conducted with 170 participants to explore the relationship between the consistency of the review set and causal attribution and how repeating purchase cues and product knowledge moderates this relationship.

Findings

Findings suggest that inconsistent review sets lead to more product (vs reviewer) attribution than consistent review sets. The repeating purchase cues mitigate the negative relationship between the consistency of the review set and product attribution, whereas product knowledge mitigates the positive relationship between the consistency of the review set and reviewer attribution. Furthermore, the results indicate that high product attribution and low reviewer attribution are associated with low perceived misleadingness.

Originality/value

This study is novel because it examines the moderating effects of repeating purchase cues and product knowledge on the relationship between the consistency of the review set and causal attribution. It adds to the literature by shedding light on the causal attribution process underlying the formation of perceived misleadingness of online reviews. The findings of this study provide valuable insights for managers on how to enhance the positive effects of consistent review sets and mitigate the negative effects of inconsistent review sets.

研究目的:本研究探讨了重复购买提示和产品知识对评论集不同一致性与因果归因之间关系的潜在调节作用。本研究还探讨了因果归因与感知到的评论集误导性之间的关系。研究结果研究结果表明,与一致的评论集相比,不一致的评论集会导致更多的产品(与评论者)归因。重复购买线索缓解了评论集一致性与产品归因之间的负相关关系,而产品知识则缓解了评论集一致性与评论者归因之间的正相关关系。此外,研究结果表明,高产品归因度和低评论者归因度与低感知误导性有关。原创性/价值这项研究具有新颖性,因为它研究了重复购买线索和产品知识对评论集一致性与因果归因度之间关系的调节作用。它揭示了网络评论感知误导性形成背后的因果归因过程,从而为相关文献增添了新的内容。本研究的结果为管理者提供了宝贵的见解,帮助他们了解如何增强评论集一致性的积极影响,以及如何减轻评论集不一致性的消极影响。
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引用次数: 0
Acceptance of the metaverse: a laboratory experiment on augmented and virtual reality shopping 元世界的接受度:关于增强现实和虚拟现实购物的实验室实验
IF 5.9 3区 管理学 Q1 Social Sciences Pub Date : 2024-01-26 DOI: 10.1108/intr-05-2022-0334
Nannan Xi, Juan Chen, Filipe Gama, Henry Korkeila, Juho Hamari

Purpose

In recent years, there has been significant interest in adopting XR (extended reality) technologies such as VR (virtual reality) and AR (augmented reality), particularly in retail. However, extending activities through reality-mediation is still mostly believed to offer an inferior experience due to their shortcomings in usability, wearability, graphical fidelity, etc. This study aims to address the research gap by experimentally examining the acceptance of metaverse shopping.

Design/methodology/approach

This study conducts a 2 (VR: with vs. without) × 2 (AR: with vs. without) between-subjects laboratory experiment involving 157 participants in simulated daily shopping environments. This study builds a physical brick-and-mortar store at the campus and stocked it with approximately 600 products with accompanying product information and pricing. The XR devices and a 3D laser scanner were used in constructing the three XR shopping conditions.

Findings

Results indicate that XR can offer an experience comparable to, or even surpassing, traditional shopping in terms of its instrumental and hedonic aspects, regardless of a slightly reduced perception of usability. AR negatively affected perceived ease of use, while VR significantly increased perceived enjoyment. It is surprising that the lower perceived ease of use appeared to be disconnected from the attitude toward metaverse shopping.

Originality/value

This study provides important experimental evidence on the acceptance of XR shopping, and the finding that low perceived ease of use may not always be detrimental adds to the theory of technology adoption as a whole. Additionally, it provides an important reference point for future randomized controlled studies exploring the effects of technology on adoption.

目的近年来,人们对采用 XR(扩展现实)技术(如 VR(虚拟现实)和 AR(增强现实))产生了浓厚的兴趣,尤其是在零售业。然而,由于其在可用性、可穿戴性、图形保真度等方面的缺陷,通过现实中介扩展活动仍被认为是一种低劣的体验。本研究旨在通过实验考察人们对元海外购物的接受程度,从而填补研究空白。本研究进行了一项 2(VR:有与无)×2(AR:有与无)的主体间实验室实验,共有 157 名参与者参与了模拟日常购物环境的实验。本研究在校园内建立了一家实体店,店内摆放了约 600 种产品,并附有产品信息和价格。研究结果表明,在工具性和享乐性方面,XR 可以提供与传统购物相媲美甚至超越传统购物的体验,尽管对可用性的感知略有降低。AR 对感知易用性产生了负面影响,而 VR 则显著提高了感知乐趣。令人惊讶的是,较低的感知易用性似乎与人们对元数据购物的态度脱节。原创性/价值这项研究为人们接受 XR 购物提供了重要的实验证据,而低感知易用性并不总是有害的这一发现为整个技术采用理论增添了新的内容。此外,这项研究还为今后探索技术采用效果的随机对照研究提供了重要参考。
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引用次数: 0
A mixed-methods investigation of the factors affecting the use of facial recognition as a threatening AI application 采用混合方法调查影响将人脸识别用作威胁性人工智能应用的因素
IF 5.9 3区 管理学 Q1 Social Sciences Pub Date : 2024-01-16 DOI: 10.1108/intr-11-2022-0894
Xiaojun Wu, Zhongyun Zhou, Shouming Chen

Purpose

Artificial intelligence (AI) applications pose a potential threat to users' data security and privacy due to their high data-dependence nature. This paper aims to investigate an understudied issue in the literature, namely, how users perceive the threat of and decide to use a threatening AI application. In particular, it examines the influencing factors and the mechanisms that affect an individual’s behavioral intention to use facial recognition, a threatening AI.

Design/methodology/approach

The authors develop a research model with trust as the key mediating variable by integrating technology threat avoidance theory, the theory of planned behavior and contextual factors related to facial recognition. Then, it is tested through a sequential mixed-methods investigation, including a qualitative study (for model development) of online comments from various platforms and a quantitative study (for model validation) using field survey data.

Findings

Perceived threat (triggered by perceived susceptibility and severity) and perceived avoidability (promoted by perceived effectiveness, perceived cost and self-efficacy) have negative and positive relationships, respectively, with an individual’s attitude toward facial recognition applications; these relationships are partially mediated by trust. In addition, perceived avoidability is positively related to perceived behavioral control, which along with attitude and subjective norm is positively related to individuals' intentions to use facial recognition applications.

Originality/value

This paper is among the first to examine the factors that affect the acceptance of threatening AI applications and how. The research findings extend the current literature by providing rich and novel insights into the important roles of perceived threat, perceived avoidability, and trust in affecting an individual’s attitude and intention regarding using threatening AI applications.

目的 人工智能(AI)应用因其高度依赖数据的特性,对用户的数据安全和隐私构成了潜在威胁。本文旨在研究文献中一个未被充分研究的问题,即用户如何感知威胁并决定使用具有威胁性的人工智能应用。作者通过整合技术威胁规避理论、计划行为理论和与人脸识别相关的情境因素,建立了一个以信任为关键中介变量的研究模型。研究结果感知到的威胁(由感知到的易感性和严重性引发)和感知到的可规避性(由感知到的有效性、感知到的成本和自我效能促进)分别与个人对人脸识别应用软件的态度存在负相关和正相关关系;这些关系部分由信任中介。此外,感知到的可避免性与感知到的行为控制呈正相关,而感知到的行为控制与态度和主观规范一起与个人使用人脸识别应用程序的意向呈正相关。研究结果扩展了当前的文献,提供了丰富而新颖的见解,揭示了感知威胁、感知可避免性和信任在影响个人使用威胁性人工智能应用程序的态度和意向方面的重要作用。
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引用次数: 0
Motivational profile and knowledge creation in eSports: examining the roles of mutualistic co-presence 电子竞技中的动机特征和知识创造:研究互助共存的作用
IF 5.9 3区 管理学 Q1 Social Sciences Pub Date : 2024-01-08 DOI: 10.1108/intr-05-2022-0388
Joseph Siu-Lung Kong, Ron Chi-Wai Kwok, Gabriel Chun-Hei Lai, Monica Law

Purpose

Research on knowledge creation within eSports learning is scarce. This study extends the understanding of competition-oriented collaborative learning in eSports by examining the relationship between the dynamics of knowledge creation modes and the continuum of the motivational profile, along with the moderating effects of mutualistic co-presence therein.

Design/methodology/approach

Participants were recruited from the community of massively multiplayer online gamers (MMOGs). Through a quantitative survey, their motivations (i.e. self-extrinsic, self-intrinsic, peer-extrinsic and peer-intrinsic motivations), knowledge creation involvements (i.e. internalization, externalization, combination and socialization) and perception of mutualistic benefit of self and peers were captured for hypothesis testing.

Findings

Significant and positive direct relationships were observed between four motivations and four knowledge creation modes. The mutualistic co-presence positively moderated the positive relationship between the self-extrinsic, peer-extrinsic and peer-intrinsic motivations and socialization. When mutualistic self-benefit were outweighed, peer-extrinsic motivated gamers became less likely to perform internalization, whereas self-extrinsic and peer-extrinsic motivated gamers were less likely to perform combination.

Originality/value

This study is among the first to rationalize the relationship between motivational profile and the dynamics of knowledge creation in eSports learning. The conceptualization of the new construct – mutualistic co-presence – using the ecological concept of symbiosis is uncommon in prior literature. The findings also demonstrate that the four modes of knowledge creation in eSports learning are continuous and interwoven; they can be initiated at any point and do not necessarily occur in a specific sequence.

目的 有关电子竞技学习中知识创造的研究很少。本研究通过考察知识创造模式的动态与动机特征的连续性之间的关系,以及其中互助共存的调节作用,扩展了对电子竞技中以竞争为导向的协作学习的理解。通过定量调查,获取了他们的动机(即自我外在动机、自我内在动机、同伴外在动机和同伴内在动机)、知识创造参与(即内部化、外部化、组合化和社会化)以及对自我和同伴互利的感知,并进行了假设检验。互利共存正向调节了自我外在动机、同伴外在动机和同伴内在动机与社会化之间的正向关系。当互利性自我利益大于互利性自我利益时,同伴外在动机的游戏者就不太可能进行内部化,而自我外在动机和同伴外在动机的游戏者则不太可能进行组合化。使用共生的生态学概念对新概念--互惠共存--进行概念化,这在以往的文献中并不多见。研究结果还表明,电子竞技学习中的四种知识创造模式是连续的、相互交织的;它们可以在任何时候启动,不一定按照特定的顺序发生。
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引用次数: 0
Motivation for writing long online reviews: a big data analysis of an anime community 撰写长篇在线评论的动机:对动漫社区的大数据分析
IF 5.9 3区 管理学 Q1 Social Sciences Pub Date : 2024-01-05 DOI: 10.1108/intr-07-2022-0548
Kevin Leung, Vincent Cho

Purpose

Based on self-determination theory (SDT), this study aims to determine the motivation factors of reviewers writing long reviews in the anime industry.

Design/methodology/approach

This study analyzes 171,188 online review data collected from an online anime community (MyAnimeList.net).

Findings

The findings show that intensity of emotions, experience in writing reviews and helpful votes in past reviews are the most important factors and positively influence review length. The overall rating of the anime moderates the effects of some motivation factors. Moreover, reviewers commenting on their favorite or nonfavorite anime also have varied motivation factors. Furthermore, this study has addressed the p-value problem due to the large sample size.

Research limitations/implications

This study provides a comprehensive and theoretical understanding of reviewers' motivation for writing long reviews.

Practical implications

Online communities can incorporate the insights from this study into website design and motivate reviewers to write long reviews.

Originality/value

Many past studies have investigated what reviews are more helpful. Review length is the most important factor of review helpfulness and positively affects it. However, few studies have examined the determinants of review length. This study attempts to address this issue.

目的基于自我决定理论(SDT),本研究旨在确定动漫行业评论者撰写长评论的动机因素。研究分析了从一个在线动漫社区(MyAnimeList.net)收集的 171,188 条在线评论数据。动漫的总体评分调节了一些动机因素的影响。此外,评论者评论自己喜欢或不喜欢的动漫也有不同的动机因素。此外,由于样本量较大,本研究还解决了 P 值问题。研究局限/意义本研究从理论上全面理解了评论者撰写长评论的动机。实践意义在线社区可以将本研究的见解纳入网站设计,激励评论者撰写长评论。评论长度是评论有用性的最重要因素,并对其产生积极影响。然而,很少有研究探讨了评论长度的决定因素。本研究试图解决这一问题。
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引用次数: 0
Effect of the fit between situational regulatory focus and feedback focus on customers' co-design behavior 情境监管重点与反馈重点之间的契合度对客户共同设计行为的影响
IF 5.9 3区 管理学 Q1 Social Sciences Pub Date : 2024-01-02 DOI: 10.1108/intr-11-2022-0861
Xinxue Zhou, Jian Tang, Tianmei Wang

Purpose

Customers' co-design behavior is an important source of knowledge for product innovation. Firms can regulate the focus of information interaction with customers to set goals and motivate their co-design behavior. Drawing on regulatory fit theory and construal level theory, the authors build a research model to study whether the fit between the regulatory focus of firms' task invitations (promotion focus vs prevention focus) and their feedback focus (self-focused vs other-focused) can enhance co-design behavior by improving customers' experiences (perceived meaning, active discovery and perceived empowerment).

Design/methodology/approach

The authors conducted two online between-subjects experiments to validate the proposed research model.

Findings

The two online experiments reveal that customers' experiences are enhanced when the feedback focus is congruent with the regulatory focus of the firm's task invitations. Specifically, self-focused feedback has a stronger positive effect on customers' experiences in the prevention focus context. Other-focused feedback has a stronger positive effect on customers' experiences in the promotion focus context. Moreover, customers' experience significantly and positively affects co-design behavior (i.e. co-design effort and knowledge contribution).

Originality/value

This work provides theoretical and practical implications for firms to improve the effectiveness of information interaction with their customers and eventually ensure the sustainability of co-design.

目的客户的共同设计行为是产品创新的重要知识来源。企业可以通过调节与顾客的信息互动重点来设定目标并激励顾客的共同设计行为。作者借鉴监管契合理论和构想水平理论,建立了一个研究模型,研究企业任务邀请的监管重点(推广重点 vs 预防重点)与反馈重点(自我重点 vs 他人重点)之间的契合是否能通过改善客户体验(感知意义、主动发现和感知授权)来增强共同设计行为。研究结果这两项在线实验表明,当反馈重点与公司任务邀请的监管重点一致时,客户的体验会得到提升。具体来说,在以预防为重点的情况下,以自我为重点的反馈对客户体验的积极影响更大。在以促销为重点的情境中,以其他为重点的反馈对客户体验有更强的积极影响。此外,客户体验对共同设计行为(即共同设计努力和知识贡献)有明显的积极影响。 原创性/价值这项研究为企业提高与客户信息互动的有效性并最终确保共同设计的可持续性提供了理论和实践意义。
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引用次数: 0
Will after-hours technology-mediated work make employees leave? A mediated moderation model 下班后以技术为媒介的工作会让员工离职吗?中介调节模型
IF 5.9 3区 管理学 Q1 Social Sciences Pub Date : 2024-01-02 DOI: 10.1108/intr-08-2022-0595
Xiaolin Sun, Jiawen Zhu, Huigang Liang, Yajiong Xue, Bo Yao

Purpose

As after-hours technology-mediated work (ATW) becomes common in organizations, the increased workload and interference to life caused by ATW has induced employee turnover. This research develops a mediated moderation model to explain how employees' intrinsic and extrinsic motivations for ATW affect their turnover intention through work–life conflict.

Design/methodology/approach

A survey was conducted to collect data of 484 employees from Chinese companies. Partial Least Square was used to perform data analysis.

Findings

The results show that intrinsic motivation for ATW has an indirect negative impact on turnover intention via work–life conflict, whereas extrinsic motivation for ATW has both a positive direct impact and a positive indirect impact (via work–life conflict) on turnover intention. This study also helps find that time spent on ATW can strengthen the positive impact of extrinsic motivation for ATW on turnover intention but has no moderation effect on the impact of intrinsic motivation for ATW. Furthermore, this study reveals that the interaction effect of time spent on ATW and extrinsic motivation on turnover intention is mediated by employees' perceived work–life conflict.

Originality/value

By discovering the distinct impact of employees' intrinsic and extrinsic motivations for ATW on turnover intention, this research provides a contingent view regarding the impact of ATW and offers guidance to managers regarding how to mitigate ATW-induced turnover intention through fostering different motivations.

目的 随着以技术为媒介的下班后工作(ATW)在企业中的普及,ATW 所导致的工作量增加和对生活的干扰诱发了员工离职。本研究建立了一个中介调节模型,以解释员工的内在和外在工作动机如何通过工作与生活冲突影响其离职意向。研究结果表明,离职后工作的内在动机会通过工作与生活的冲突对离职意向产生间接的负面影响,而离职后工作的外在动机则会对离职意向产生正面的直接影响和正面的间接影响(通过工作与生活的冲突)。本研究还有助于发现,花在离职后工作上的时间可以加强离职后工作的外在动机对离职意向的积极影响,但对离职后工作的内在动机的影响没有调节作用。此外,本研究还揭示了员工感知到的工作与生活冲突对员工离职意向的交互影响,即员工在ATW上花费的时间和外在动机对离职意向的交互影响。原创性/价值通过发现员工在ATW上的内在动机和外在动机对离职意向的不同影响,本研究就ATW的影响提供了一种权变观点,并就如何通过培养不同的动机来缓解ATW引发的离职意向为管理者提供了指导。
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引用次数: 0
Herd behavior in social commerce: understanding the interplay between self-awareness and environment-awareness 社交商务中的群体行为:了解自我意识与环境意识之间的相互作用
IF 5.9 3区 管理学 Q1 Social Sciences Pub Date : 2023-12-26 DOI: 10.1108/intr-05-2022-0359
Xiayu Chen, Renee Rui Chen, Shaobo Wei, Robert M. Davison

Purpose

This study investigates how individuals' self-awareness (specifically, private and public self-awareness) and environment-awareness (perceived expertise, similarity and familiarity) shape herd behavior, encompassing discounting one’s information and imitating others. Drawing from latent state-trait theory, this research aims to discern the impact of these factors on purchase intention and behavior.

Design/methodology/approach

Longitudinal data from 231 users in Xiaohongshu, China’s leading social commerce platform, were collected to test the proposed model and hypotheses.

Findings

The findings from this study show that private self-awareness negatively influences discounting one’s own information and imitating others. Public self-awareness positively affects imitating others, while it does not affect discounting one’s own information. Perceived expertise diminishes discounting one’s own information but does not significantly affect imitating others. Perceived similarity and perceived familiarity are positively related to discounting one’s own information and imitating others. The results confirm different interaction effects between self-awareness and environment-awareness on herd behavior.

Originality/value

First, this contributes back to the latent state-trait theory by expanding the applicability of this theory to explain the phenomenon of herd behavior. Second, this study takes an important step toward theoretical advancement in the extant literature by qualifying that both self- and environment-awareness should be considered to trigger additional effects on herd behavior. Third, this study provides a more enlightened understanding of herd behavior by highlighting the significance of considering the interplay between self- and environment-awareness on herd behavior. Finally, this study also empirically confirms the validity of classifying self-awareness into private and public aspects.

目的本研究探讨个体的自我意识(特别是私人和公共自我意识)和环境意识(感知到的专业性、相似性和熟悉性)如何影响从众行为,包括对自己的信息打折扣和模仿他人。本研究借鉴了潜在状态-特质理论,旨在揭示这些因素对购买意向和行为的影响。研究结果本研究的结果表明,私人自我意识会对自己的信息打折扣和模仿他人产生负面影响。公众自我意识会对模仿他人产生积极影响,但不会影响对自己信息的打折。感知到的专业知识会减少对自己信息的折扣,但对模仿他人没有显著影响。感知到的相似性和感知到的熟悉性与自己信息打折扣和模仿他人呈正相关。研究结果证实,自我意识和环境意识对从众行为具有不同的交互作用。 原创性/价值首先,本研究为潜在状态-特质理论做出了贡献,扩大了该理论在解释从众行为现象方面的适用性。其次,本研究向现有文献的理论进步迈出了重要一步,即应同时考虑自我意识和环境意识,以引发对牛群行为的额外影响。第三,本研究强调了考虑自我意识和环境意识对牛群行为的相互作用的重要性,从而提供了对牛群行为更有启发性的理解。最后,本研究还从经验上证实了将自我意识分为私人意识和公共意识的有效性。
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引用次数: 0
Factors influencing TikTok-based user purchase intention: comparison between potential customers and repeat customers 影响基于 TikTok 的用户购买意向的因素:潜在客户与回头客之间的比较
IF 5.9 3区 管理学 Q1 Social Sciences Pub Date : 2023-12-25 DOI: 10.1108/intr-07-2022-0542
Hongying Zhao, Christian Wagner

Purpose

The purpose of this paper is to examine how different types of user experience in TikTok impact purchase intention via commitment to the influencer and commitment to the platform, with customer type included to determine moderating effects. Three types of user experience are considered: information experience, entertainment experience and parasocial-relationship-based experience.

Design/methodology/approach

This study collected 458 valid questionnaires from TikTok users, employing the structural equation modeling approach to examine the proposed research model.

Findings

Information experience, entertainment experience and parasocial-relationship-based experience are found to critically stimulate user commitment to the influencer and commitment to the platform, in turn driving TikTok-based purchase intention. Tests incorporating customer type reveal that commitment to the influencer more strongly influences the purchase intention of repeat customers, with commitment to the platform more likely to stimulate purchase intention among potential customers.

Research limitations/implications

On a theoretical level, the paper is among the first to examine TikTok-based user purchase intention with customer type as a moderator. On a practical level, the results can guide marketers to effectively promote products using TikTok and inspire TikTok managers to develop customized strategies to stimulate initial and repeat sales.

Originality/value

TikTok is moving to the stage of commercialization and monetization by introducing e-commerce features. Although this move should cultivate particularly fertile ground for companies to sell products, TikTok user purchase behavior has yet to receive sufficient research attention, with little currently known about their purchase motivations. The current study uncovers the significant antecedents of users' purchase intention through TikTok, and further reveals the motivational differences among potential and repeat customers.

目的本文旨在研究 TikTok 中不同类型的用户体验如何通过对影响者的承诺和对平台的承诺影响购买意向,并将客户类型包括在内以确定调节效应。本研究从 TikTok 用户中收集了 458 份有效问卷,并采用结构方程建模法检验了所提出的研究模型。研究结果发现,信息体验、娱乐体验和基于寄生关系的体验会极大地刺激用户对影响者的承诺和对平台的承诺,进而推动基于 TikTok 的购买意向。结合客户类型进行的测试表明,对影响者的承诺对老客户的购买意向影响更大,而对平台的承诺更有可能刺激潜在客户的购买意向。在实践层面上,研究结果可以指导营销人员利用 TikTok 有效推广产品,并启发 TikTok 管理者制定个性化策略,以刺激首次销售和重复销售。尽管此举为企业销售产品提供了肥沃的土壤,但 TikTok 用户的购买行为尚未得到足够的研究关注,目前对他们的购买动机知之甚少。本研究揭示了用户通过 TikTok 产生购买意向的重要前因,并进一步揭示了潜在用户和回头客在购买动机上的差异。
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引用次数: 0
Wealth effects of firm's strategic technology investments: evidence from Ethereum blockchain 公司战略技术投资的财富效应:来自以太坊区块链的证据
IF 5.9 3区 管理学 Q1 Social Sciences Pub Date : 2023-12-22 DOI: 10.1108/intr-08-2022-0591
Kane Smith, Manu Gupta, Puneet Prakash, Nanda Rangan

Purpose

Ethereum-based blockchain technology (EBT) affords members of the Enterprise Ethereum Alliance (EEA) a market advantage in deploying blockchain within their organizations, including cybersecurity and operational benefits, that leads firms to strategically invest in this nascent technology. However, the impact of such strategic investments in EBT has yet to be explored in the context of its relationship to firm value. Therefore, this study explores EBT-specific firm-level characteristics that result in a stock market reaction to announcements of strategic investments.

Design/methodology/approach

The authors use the event study methodology, strategic investment literature and signaling theory as contextualizing frameworks for their study. Additionally, the authors explore a new method for examining technology investments as a strategic counter to cybersecurity threats.

Findings

Firms that signal to the market their strong commitment to their strategic investment by developing an EBT proof of concept see significantly higher market returns. Firms that have had prior cybersecurity incidents are rewarded by the market for strategically investing in EBT, and when firms with large undistributed free cash flows utilize this cash for strategic EBT investment, the market is more likely to reward these firms, indicating the market views EBT investment positively in these circumstances.

Originality/value

The results of this study provide new evidence of the value impact of EBT for firms that suffered cybersecurity events in the past. The authors provide empirical evidence of firm-level characteristics that investors use to discern whether a strategic investment in EBT will drive organizational value. Likewise, the authors demonstrate how signaling affects investor perceptions of strategic information technology (IT) investments in EBT.

目的基于以太坊的区块链技术(EBT)为企业以太坊联盟(EEA)成员在其组织内部署区块链提供了市场优势,包括网络安全和运营优势,从而促使企业对这一新兴技术进行战略投资。然而,在 EBT 与企业价值的关系方面,这种战略投资的影响还有待探讨。因此,本研究探讨了导致股票市场对战略投资公告做出反应的 EBT 特定公司层面特征。此外,作者还探索了一种新方法,用于研究技术投资作为应对网络安全威胁的战略对策。研究结果通过开发 EBT 概念验证向市场表明其对战略投资的坚定承诺的公司,其市场回报率明显更高。当拥有大量未分配自由现金流的公司将这些现金用于战略性 EBT 投资时,市场更有可能奖励这些公司,这表明市场在这些情况下积极看待 EBT 投资。作者提供了公司层面特征的经验证据,投资者利用这些特征来判断 EBT 战略投资是否会推动组织价值。同样,作者还证明了信号传递如何影响投资者对 EBT 战略性信息技术(IT)投资的看法。
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引用次数: 0
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Internet Research
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