Factors Explaining ICT Investment Behavior of Firms During the 2008 Economic Crisis

Abstract

In this paper, we develop a set of research hypotheses concerning the effects of six groups of factors on firms' behavior during the 2008 global economic crisis with respect to ICT investment: three groups of internal factors (overall firm resource endowment, ICT-related resource endowment, ICT-related capabilities) and three groups of factors (competition, liquidity problems, macroeconomic conditions concerning demand). These research hypotheses are tested using data from Greek firms for the economic crisis period 2009-2014.