IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v15y2023i3p1868-d1040217.html
   My bibliography  Save this article

Understanding Intention to Use Conditionally Automated Vehicles in Thailand, Based on an Extended Technology Acceptance Model

Author

Listed:
  • Phakphum Sakuljao

    (Department of Civil Engineering, Khon Kaen University, 123 Mitrapap Road, Nai Muang Sub-District, Muang District, Khon Kaen 40002, Thailand)

  • Wichuda Satiennam

    (Department of Civil Engineering, Khon Kaen University, 123 Mitrapap Road, Nai Muang Sub-District, Muang District, Khon Kaen 40002, Thailand)

  • Thaned Satiennam

    (Department of Civil Engineering, Khon Kaen University, 123 Mitrapap Road, Nai Muang Sub-District, Muang District, Khon Kaen 40002, Thailand)

  • Nopadon Kronprasert

    (Excellence Center in Infrastructure Technology and Transportation Engineering, Department of Civil Engineering, Faculty of Engineering, Chiang Mai University, Chiang Mai 50200, Thailand)

  • Sittha Jaensirisak

    (Department of Civil Engineering, Ubon Ratchathani University, 85 Sathonlamark Road, Warin Chamrap District, Ubon Ratchathani 34190, Thailand)

Abstract

Automated vehicles (AVs) provide several advantages in solving issues of road traffic; including enhanced safety, reduced greenhouse gas emissions, and reduced traffic congestion. As AVs are still relatively new developments in developing countries, AV adoption faces challenges from both technological and psychological issues. Therefore, our initial research focus is on identifying the factors that influence the intention to use conditionally automated vehicles (CAVs; SAE Level 3). An extended technology acceptance model (TAM), which includes Trust, Perceived Risks, and Environmental concerns, is proposed as the predictor model in this study. The 299 participants gathered through online surveys in Thailand were examined using the Structural Equation Model (SEM) technique. In this study, Trust was shown to be the strongest predictor of Intention, followed by Perceived Ease of Use, whereas Perceived Usefulness had no impact on intention to use the SAE Level 3. The results of this study will be able to guide the forming of future policies that aim at promoting the use of AVs and helping technology developers create systems to better meet the needs of users in developing nations.

Suggested Citation

  • Phakphum Sakuljao & Wichuda Satiennam & Thaned Satiennam & Nopadon Kronprasert & Sittha Jaensirisak, 2023. "Understanding Intention to Use Conditionally Automated Vehicles in Thailand, Based on an Extended Technology Acceptance Model," Sustainability, MDPI, vol. 15(3), pages 1-15, January.
    • Handle: RePEc:gam:jsusta:v:15:y:2023:i:3:p:1868-:d:1040217
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/15/3/1868/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/15/3/1868/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Methawadee Chaisomboon & Sajjakaj Jomnonkwao & Vatanavongs Ratanavaraha, 2020. "Elderly Users’ Satisfaction with Public Transport in Thailand Using Different Importance Performance Analysis Approaches," Sustainability, MDPI, vol. 12(21), pages 1-20, October.
    2. Cunningham, Mitchell L. & Regan, Michael A. & Horberry, Timothy & Weeratunga, Kamal & Dixit, Vinayak, 2019. "Public opinion about automated vehicles in Australia: Results from a large-scale national survey," Transportation Research Part A: Policy and Practice, Elsevier, vol. 129(C), pages 1-18.
    3. Barclay, Michael J & Smith, Clifford W, Jr, 1995. "The Maturity Structure of Corporate Debt," Journal of Finance, American Finance Association, vol. 50(2), pages 609-631, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kim, Sang-Joon & Bae, John & Oh, Hannah, 2019. "Financing strategically: The moderation effect of marketing activities on the bifurcated relationship between debt level and firm valuation of small and medium enterprises," The North American Journal of Economics and Finance, Elsevier, vol. 48(C), pages 663-681.
    2. Custódio, Cláudia & Ferreira, Miguel A. & Laureano, Luís, 2013. "Why are US firms using more short-term debt?," Journal of Financial Economics, Elsevier, vol. 108(1), pages 182-212.
    3. Bülent Köksal & Cüneyt Orman, 2015. "Determinants of capital structure: evidence from a major developing economy," Small Business Economics, Springer, vol. 44(2), pages 255-282, February.
    4. Wenlian Gao & Feifei Zhu & Kai Chen, 2023. "The role of bank lenders in firm leverage adjustments," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 46(1), pages 63-97, February.
    5. Jarkko Harju & Ilpo Kauppinen & Olli Ropponen, 2017. "Firm Responses to an Interest Barrier: Empirical Evidence," EconPol Working Paper 3, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    6. Choi, Jaewon & Hackbarth, Dirk & Zechner, Josef, 2018. "Corporate debt maturity profiles," Journal of Financial Economics, Elsevier, vol. 130(3), pages 484-502.
    7. Yang, Baochen & An, Haokai & Song, Xinyu, 2024. "Oil price uncertainty and corporate inefficient investment: Evidence from China," The North American Journal of Economics and Finance, Elsevier, vol. 70(C).
    8. Enisse Kharroubi, 2004. "Macroeconomic Volatility and endogenous debt maturity choice," Money Macro and Finance (MMF) Research Group Conference 2004 22, Money Macro and Finance Research Group.
    9. Opler, Tim & Pinkowitz, Lee & Stulz, Rene & Williamson, Rohan, 1999. "The determinants and implications of corporate cash holdings," Journal of Financial Economics, Elsevier, vol. 52(1), pages 3-46, April.
    10. Kyunghun Kim & Ju Hyun Pyun & Jiyoun An, 2017. "Does Credit Market Integration Amplify the Transmission of Real Business Cycle During Financial Crisis?," 2017 Meeting Papers 1236, Society for Economic Dynamics.
    11. Christian Dorion & Pascal François & Gunnar Grass & Alexandre Jeanneret, 2014. "Convertible Debt and Shareholder Incentives," Cahiers de recherche 1403, CIRPEE.
    12. Eberhart, Allan C., 2005. "A comparison of Merton's option pricing model of corporate debt valuation to the use of book values," Journal of Corporate Finance, Elsevier, vol. 11(1-2), pages 401-426, March.
    13. Tensie Steijvers & Wim Voordeckers, 2009. "Collateral And Credit Rationing: A Review Of Recent Empirical Studies As A Guide For Future Research," Journal of Economic Surveys, Wiley Blackwell, vol. 23(5), pages 924-946, December.
    14. Kalu Ojah & Justo Manrique, 2005. "Determinants of corporate debt structure in a privately dominated debt market: a study of the Spanish capital market," Applied Financial Economics, Taylor & Francis Journals, vol. 15(7), pages 455-468.
    15. Barbiero, Francesca & Popov, Alexander & Wolski, Marcin, 2020. "Debt overhang, global growth opportunities, and investment," Journal of Banking & Finance, Elsevier, vol. 120(C).
    16. M. Dutordoir & L. Van De Gucht, 2004. "Are European Convertibles More Debt-Like than the US Issues? An Empirical Analysis," Review of Business and Economic Literature, KU Leuven, Faculty of Economics and Business (FEB), Review of Business and Economic Literature, vol. 0(4), pages 533-568.
    17. Mário Santos & António Moreira & Elisabete Vieira, 2014. "Ownership concentration, contestability, family firms, and capital structure," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 18(4), pages 1063-1107, November.
    18. Hasan, Iftekhar & Wang, Haizhi & Yin, Desheng & Zhang, Jingqi, 2021. "Global equity offerings and access to domestic loan market: U.S. evidence," International Review of Financial Analysis, Elsevier, vol. 74(C).
    19. Igor Salitskiy, 2014. "Optimal Dynamic Contracts in Financial Intermediation: With an Application to Venture Capital Financing," 2014 Meeting Papers 355, Society for Economic Dynamics.
    20. repec:hal:spmain:info:hdl:2441/293qice3lj861rvos9ns14n0h0 is not listed on IDEAS
    21. Shang, Chenguang, 2021. "Dare to play with fire? Managerial ability and the use of short-term debt," Journal of Corporate Finance, Elsevier, vol. 70(C).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:15:y:2023:i:3:p:1868-:d:1040217. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.