Does Real Options Reasoning Support or Oppose Project Performance? Empirical Evidence from Electronic Commerce Projects

2017 ◽  
Vol 48 (4) ◽  
pp. 39-54 ◽  
Author(s):  
Asghar Afshar Jahanshahi ◽  
Alexander Brem
Keyword(s):  
Electronic Commerce ◽  
Real Options ◽  
Longitudinal Analysis ◽  
Environmental Effect ◽  
New Technology ◽  
Empirical Support ◽  
Project Performance ◽  
Response Uncertainty ◽  
Efficiency And Effectiveness ◽  
State Uncertainty

There is a consensus among scholars that real options reasoning is crucial for improving project performance but there has been little empirical support thus far; hence, we explore how real options reasoning may influence project timeliness, efficiency, and effectiveness. Our longitudinal analysis of 110 electronic commerce projects, drawn from new technology ventures, indicated the differential effects of real options reasoning on project performance. We find that higher uncertainty does not always lead to a greater use of real options reasoning. Although perceived environmental state uncertainty is positively linked to real options, perceived environmental effect and response uncertainty are not.

Global Wars, Public Debts, and the Long Cycle

1983 ◽  
Vol 35 (4) ◽  
pp. 489-516 ◽  
Author(s):  
Karen A. Rasler ◽  
William R. Thompson
Keyword(s):  
Economic Development ◽  
Great Britain ◽  
Longitudinal Analysis ◽  
Public Debt ◽  
Significant Proportion ◽  
Empirical Support ◽  
Long Cycle ◽  
Public Credit ◽  
The World

The explanation of the rise and fall of the world system's leading powers in terms of uneven economic development tends to overlook the role of the creation and management of public credit and national debts. Prior to 1815, the Netherlands and Great Britain owed a significant proportion of their respective victories over the larger and wealthier states of Spain and France to the development of competitive financial capabilities. Winning, however, leads to higher absolute debt burdens which, prior to 1945, encouraged postwar reductions in governmental expenditures. In this fashion, world leaders have contributed to the erosion of their preponderant capability positions before the emergence of international rivals. These ideas are elaborated within the context of George Modelski's long cycle of world leadership theory and through a brief review of war-related financial problems between 1500 and 1815 and the consequent development of national debts. The longitudinal analysis of British and American public debt data provides collaborating empirical support.

scholarly journals Technological Revolutions and Stock Prices

2009 ◽  
Vol 99 (4) ◽  
pp. 1451-1483 ◽  
Author(s):  
Ľuboš Pástor ◽  
Pietro Veronesi
Keyword(s):  
United States ◽  
Equilibrium Model ◽  
Stock Prices ◽  
New Technology ◽  
Empirical Support ◽  
The United States ◽  
Internet Technologies ◽  
Ex Post ◽  
Ex Ante ◽  
High Uncertainty

We develop a general equilibrium model in which stock prices of innovative firms exhibit “bubbles” during technological revolutions. In the model, the average productivity of a new technology is uncertain and subject to learning. During technological revolutions, the nature of this uncertainty changes from idiosyncratic to systematic. The resulting bubbles in stock prices are observable ex post but unpredictable ex ante, and they are most pronounced for technologies characterized by high uncertainty and fast adoption. We find empirical support for the model's predictions in 1830–1861 and 1992–2005 when the railroad and Internet technologies spread in the United States. (JEL G12, L86, L92, N21, N22, N71, N72)

scholarly journals An Investigation of the Social and Academic Uses of Digital Technology by University Students

2014 ◽  
Vol 1 (2) ◽  
pp. 109
Author(s):  
Eliana Gallardo Echenique
Keyword(s):  
University Students ◽  
Digital Technology ◽  
Teaching And Learning ◽  
First Generation ◽  
New Technology ◽  
Empirical Support ◽  
Digital Technologies ◽  
Developed Countries ◽  
Net Generation ◽  
The Social

In most developed countries university students use digital technologies and the Internet in all facets of their daily life. These students represent the first generation to grow up with this new technology and have been given various names that emphasize its affinity and tendency to use digital technology such as digital natives, Net generation and Millennials. Given the lack of empirical support for the notion of a “digital generation”, this study presents a different perspective of what these learners think about their use of digital technologies for academic and social purposes and how they feel about the “Digital Native Generation” phenomenon. This study examines this issue in depth to gain an understanding of what the growing use of new digital technologies means for teaching and learning in higher education.

scholarly journals Start-upy telemedyczne w Polsce — trendy i kierunki rozwoju

Ekonomia ◽  
2020 ◽  
Vol 26 (4) ◽  
pp. 37-45
Author(s):  
Anna Cuda
Keyword(s):  
Information And Communication Technologies ◽  
New Technologies ◽  
Technology Development ◽  
Data Transfer ◽  
New Technology ◽  
Quality Of Healthcare ◽  
Medical Services ◽  
Patient Treatment ◽  
Efficiency And Effectiveness ◽  
Information And Communication

The Polish medical market reports a growing demand for innovative solutions in the field of health protection — the use of information and communication technologies in the provision of medical services contributes to an increase in their efficiency and effectiveness. Telemedicine is data transfer and the provision of medical services to patients remotely, using new technology solutions. The main purpose of this paper is to analyze the current situation of the telemedicine market in Poland, especially new technology startups devoted to telemedicine solutions, and to identify investment trends. Technology development should be a process of targeted changes aimed at improving a certain process, bearing in mind the auxiliary and, above all, the increasingly crucial nature of new technologies in the process of patient treatment by specialists in the field of medicine. This study has been conducted in order to ascertain the attitudes of investors with capital of more than 50,000 euro, to the changing technological environment, which is intended to improve the provision of medical services and contribute to an increase in the quality of healthcare, and their willingness to invest in startups in the telemedicine industry.

Diffusion of Electronic Commerce in Australia

2011 ◽  
pp. 102-114
Author(s):  
Mohammed A. Quaddus
Keyword(s):  
Diffusion Process ◽  
Electronic Commerce ◽  
New Technology ◽  
Future Research ◽  
Research Directions ◽  
Simple Diffusion ◽  
Future Research Directions ◽  
Simple Diffusion Model ◽  
High Level ◽  
Flexible Model

Diffusion is the process by which a new technology spreads in its usage among a population. This chapter analyses the diffusion process of one aspect of the consumer-to-business electronic commerce (EC) in Australia, namely Internet shopping. The chapter first reviews three popular logistics diffusion models from the literature and then applies them to the EC diffusion data. Results show that the most flexible model is not significant, while the simple diffusion model (Blackman’s) is. It was also found that the past diffusion process had been mostly influenced by the “internal” interactions between the adopters and the potential adopters of EC. Further analysis of the Blackman’s model revealed some high level policy guidelines to enhance the diffusion process further into the future. Limitations of the study and future research directions were also identified.

Human Issues and Computer Interaction

2011 ◽  
pp. 321-334 ◽  
Author(s):  
Steve Clarke ◽  
Brian Lehaney ◽  
Huw Evans
Keyword(s):  
Information Technology ◽  
Information System ◽  
Technical Efficiency ◽  
New Technology ◽  
Call Centre ◽  
The Public ◽  
Efficiency And Effectiveness ◽  
Computer Interaction

The Barfordshire Police Call Centre project began as an attempt to find a more efficient way of dealing with the public. Arguably, what this study has demonstrated is that often, in the quest for technical efficiency, effectiveness, which requires attention to both technical and human issues, is compromised. By taking a more human centered approach, focusing on the whole information system rather than just the information technology, those factors left unsolved by the new technology have been addressed, and a way has been found to improve both the efficiency and effectiveness of this project.

M-Commerce Technology Perceptions on Technology Adoptions

2007 ◽  
pp. 413-418
Author(s):  
R. Iris ◽  
E. Menipaz
Keyword(s):  
Electronic Commerce ◽  
High Reliability ◽  
New Technology ◽  
Reliability And Validity ◽  
Average Score ◽  
Potential Consumer ◽  
Consumer's Perception ◽  
Technology Perceptions ◽  
Probability Of Adoption ◽  
Mobile Electronic Commerce

This article presents a tool for assessing the probability of adopting a new technology or product before it is marketed. Specifically, the research offers managers in firms dealing with mobile electronic commerce a way of measuring perceptions of technology usage as an index for assessing the tendency to adopt a given technology. The article is based on an ongoing study dealing with m-commerce in Israel and internationally. It is centered on creating a research tool for predicting the usage of m-commerce in Israel, based on the PCI model. The suggested model is based on a questionnaire presented to the potential consumer, containing questions linking the consumer’s perception of the various aspects of the technological innovation offered, together with his tendency to buy and therefore adopt it. The tool was found to possess high reliability and validity levels. The average score in the questionnaire is used to predict the probability of adoption of the mobile electronic commerce technology. Implications related to m-commerce technology in Israel and worldwide are discussed.

Applying a framework for defining emergency management scenarios

2011 ◽  
Vol 9 (1) ◽  
pp. 15
Author(s):  
Douglas Raymond Hales, MA ◽  
Peter Race, MA
Keyword(s):  
Emergency Management ◽  
New Technology ◽  
Management Scenarios ◽  
Problem Space ◽  
Response Options ◽  
The Public ◽  
Efficiency And Effectiveness ◽  
Security Planning ◽  
Near Term ◽  
User Perspectives

Introduction: Scenarios are used extensively to support emergency management (EM). Virtually every user within the community, from policymakers to first responders, uses scenarios in one guise or another. They provide the context to characterize a dynamic problem space, to support the rehearsal of response options, and to facilitate the evaluation of new technology. With such far-reaching implications, there needs to be a means to guide scenario selection.Objective: The Canadian Centre for Security Science sponsored the development of a framework to characterize scenarios and to assist in evaluating EM capabilities, explicitly in the area of chemical, biological, radiological, and nuclear response. The framework also complements capability-based planning and provides a means to share scenarios.Methodology: The Public Safety and Security Planning Scenario Framework assists the EM community, which ranges from the national to the community level, by selecting scenarios based on user perspectives and objectives. In developing the framework, three challenges were addressed: a taxonomy was required to frame and define what constitutes a scenario; parameters were needed to describe and characterize scenarios; and structure was called for to assist in ordering the collection and comparison of representative scenarios.The first challenge involved reviewing existing literature to define the term “scenario.” Typically, scenarios are used to consider near-term threats, to capture planning assumptions, and to provide the perspective necessary to assess concepts and capabilities. The framework proposes a set of criteria or dimensions (eg, risks, triggers, and time horizons) that can be used to characterize scenarios. To test the framework, a representative set of scenarios was cataloged using these dimensions. Analysis of the resulting set was instructive in revealing the differences in planning scenarios across the chemical, biological, radiological/nuclear, and explosive communities. As the framework matures, it is hoped that it will promote information reuse and provide a valuable forum for capturing best practices and developing standards, enhancing efficiency and effectiveness improvements both locally and nationally.

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