An Innovation Adoption Study of Online E-Payment in Chinese Companies

Abstract

Adoption of IT innovations is attracting increasing attention. Researchers are particularly interested in factors that affect the adoption of IS and IT innovations. Innovation diffusion theory is used frequently to evaluate the effect of perceived innovation attributes and the adoption of innovations. Nevertheless, explanatory power of perceived innovation attributes varies across different innovations. Given the importance of online e-payment to the further development of e-commerce and its importance as a payment innovation, this research examines the adoption of online e-payment by business enterprises using Rogers’ relational model of perceived innovation attributes and rate of adoption. The findings indicate that only perceived compatibility has significant influence on online e-payment adoption of Chinese companies. It is hoped that this research can help other researchers with related statistical procedures and analytical steps in their study of IS/IT adoption using innovation diffusion theory.