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Which Factors Determine the Adoption of the Internet of Things? Impacts and Benefits

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  • Miruna Sarbu

    (Technical University of Kaiserslautern, Kaiserslautern, Germany)

Abstract

This paper provides first econometric evidence on the determinants of the Internet of Things among firms and on potential performance impacts. The analysis is based on representative firm-level data from 874 German firms. A probit model and an instrumental variable regression serve as econometric approach. The results reveal that especially collaboration platforms and B2B e-commerce increase the propensity to use the Internet of Things. The results further indicate that product innovation is highest for firms jointly using the Internet of Things and collaboration platforms while a reduction of the workforce is also highest in this case. In contrast, there is no evidence for a potential impact on sales development.

Suggested Citation

  • Miruna Sarbu, 2022. "Which Factors Determine the Adoption of the Internet of Things? Impacts and Benefits," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 242(1), pages 107-147, February.
    • Handle: RePEc:jns:jbstat:v:242:y:2022:i:1:p:107-147:n:3
    DOI: 10.1515/jbnst-2021-0010
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    Cited by:

    1. Cociorva Alexandru & Onofrei Nicoleta & Vîlcea Alexandru-Lucian, 2023. "Tool Integrations for Monitoring Solutions and Associated Performance Analysis," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 1929-1943, July.

    More about this item

    Keywords

    Internet of Things; Industry 4.0; RFID; digitalization; automation; innovation; employment change;
    All these keywords.

    JEL classification:

    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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