The Digital Economy: A Golden Opportunity for Entrepreneurs?

Joshi, Maheshkumar P.; Yermish, Ira

doi:10.1108/neje-03-01-2000-b003

Cited by 11 publications

(11 citation statements)

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“…The digital economy does allow small entrepreneurial ventures to quickly and inexpensively compete side-by-side with industry titans (Joshi and Yermish 2000). Although entry barriers are low in the digital economy, trust is desperately needed for the small entrepreneurial venture to generate sales sufficient to sustain and grow the venture (Murphy and Smart 2000).…”

Section: T Rust Has Become a Major Issue Among Online Shoppers This mentioning

confidence: 99%

Propensity to trust, purchase experience, and trusting beliefs of unfamiliar e-commerce ventures

Murphy

2003

New England Journal of Entrepreneurship

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Trust has become a major issue among online shoppers. This underresearched subject will predictably determine the success or failure of e-commerce vendors. The lack of face-to-face interaction, the inability to inspect goods and services prior to purchase, and the asynchronous exchange of goods and money all contribute to the perceived risk of purchasing online and the resulting need for trust. Trust is particularly critical for small and new Internet ventures confronted by the liability of newness (Stinchcombe 1965). Lacking, among other things, a name that is readily recognized in the marketplace, entrepreneurial Internet ventures require trust if they are to succeed. The research presented in this article addresses this issue by building on the work of McKnight and colleagues and considering the effects of propensity to trust on trusting beliefs. Specifically, the author predicts that propensity to trust will significantly affect perceived ability, benevolence, and integrity but only for those individuals with limited direct experience. Based on a sample of web survey participants, the author found that propensity to trust significantly impacted perceived ability and benevolence for individuals with limited direct experience only. No statistically significant results were found for the effects of propensity to trust on perceived integrity.

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Section: T Rust Has Become a Major Issue Among Online Shoppers This mentioning

confidence: 99%

Propensity to trust, purchase experience, and trusting beliefs of unfamiliar e-commerce ventures

Murphy

2003

New England Journal of Entrepreneurship

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“…Fourth, the Internet provides opportunities for rapid response to both customers and changes in the market place. Finally, the Internet technology allows for using the customer in a novel way (viral marketing) to attract new customers (Joshi & Yermish, 2000).…”

Section: The Research Contextmentioning

confidence: 99%

Environmental influences on corporate entrepreneurship: executive perspectives on the internet

Kathuria

Joshi

2006

Int Entrep Manag J

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“…The activities of the digital economy include selling, buying, paying for a bill, transferring money, or even accessing education or entertainment resources using the internet from the connected device (AIPEG & KPPU, 2017). The most important thing in the development of the digital economy is the internet connection, by that definition Joshi and Yermish (2000) described that even a small business which only needs for cost of registration fee can put themselves in a space populated by huge industries. Currently, the business paradigm can not only be determined by the amount of the capital that the company has.…”

Section: Figure 1 Digital In Indonesiamentioning

confidence: 99%

“…The digital economy has twelve special characteristics includes human knowledge, digitization, virtualization, molecularization, integration, disintermediation, convergence, innovation, presumption, immediacy, globalization, and discordance. Joshi and Yermish (2000) then developed the term of digital economy as a questionable concern whether the digital economy strengthens the brand, supplier alliance, customer relationship, and value of information or it eliminates them. They found that entrepreneurs must obtain their special abilities and characteristics in the internet era if they want to be successful.…”

Section: Literature Reviewmentioning

confidence: 99%

Digital-related economy sectors and regional economy disruption

Nurdany

Kresnowati

2019

jeb

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While the study of the regional economy and its factors has been well-researched, relatively less is known on the issues for the digital economy sectors affecting the regional economy. Therefore, the aims of this paper are: to investigate the regional economic impact caused by digital economy sectors; to analyze the multiplier effect of these sectors on the output, income, and employment; and to calculate the economic impact of additional investment in the digital economy sectors. The study focuses on the region of East Java Province, Indonesia. The method used in this study is the input-output analysis (13 x 13 aggregation), which generates transaction of goods and services at a certain time. This study uses data from the Central Bureau of Statistics, Input-Output Table of East Java Province year 2015, which includes 110 economic sectors, which are then grouped into digital related and non-digital related sectors. The result indicates that digital economy sectors have both backward and forward linkages to other sectors in the region. Further finding shows that digital related manufacturing sector has the highest multiplier effect on the output, income, and employment. While investment injection on the digital economy sectors, based on the analysis, will make better disruption on East Java economy. The government of the region should put an emphasis to attract more investment in the digital economy sectors.

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The Digital Economy: A Golden Opportunity for Entrepreneurs?

Abstract: Does the network economy strengthen brands, suppliers alliances, customer relationships, and the value of information-or does it obliterate them?

Cited by 11 publications

References 0 publications

Propensity to trust, purchase experience, and trusting beliefs of unfamiliar e-commerce ventures

Propensity to trust, purchase experience, and trusting beliefs of unfamiliar e-commerce ventures

Environmental influences on corporate entrepreneurship: executive perspectives on the internet

Digital-related economy sectors and regional economy disruption

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