Can I read Information asymmetry in the innovation adoption decision of tourism and hospitality SMEs in emerging markets: A mixed-method analysis on EtoBox?

Information asymmetry in the innovation adoption decision of tourism and hospitality SMEs in emerging markets: A mixed-method analysis by Michael S. Lin; Amit Sharma; Bing Pan; Donna Quadri-Felitti is a Social Sciences article available to read on EtoBox.

What is Information asymmetry in the innovation adoption decision of tourism and hospitality SMEs in emerging markets: A mixed-method analysis about?

Investment decisions, particularly innovation adoption decisions, can sustain long-term viability of small and medium enterprises (SMEs). However, information asymmetry could limit the ability of SME management to make informed innovation adoption decisions. Even though information asymmetry is a multidimensional construct, prior literature has only focused on financial information asymmetry in such decisions. Therefore, the current study fills the research gap by conducting two separate studies: one analyzes World Bank Group data from 1250 observations in 11 emerging markets, and the other interviews eight SME owners and managers. The findings of the mixed-method studies suggest that financial, business regulation, and court information asymmetry decrease the likelihood of SMEs' product innovation adoption. The study contributes to a more comprehensive understanding of information asymmetry in SMEs' decision-making rooted in agency theory. Moreover, its methodological contribution lies in measuring information asymmetry with micro-level data.

Who reads Information asymmetry in the innovation adoption decision of tourism and hospitality SMEs in emerging markets: A mixed-method analysis?

Author

Michael S. Lin; Amit Sharma; Bing Pan; Donna Quadri-Felitti

Publisher

Elsevier BV

Published

2023

Language

EN

Field

Social Sciences