Table 2 Selected determinants for analysis.
Factor | Description | Related variables | References |
|---|---|---|---|
Demand characteristic | Innovative behaviour, wealth, and income of consumers, including the propensity of individuals and organizations to adopt innovations and the availability of access | Rogers’ [76] categories Mobile phone penetration Share of remittances in GDP | Kennickell & Kwast [50], Bech & Hobijn [10], Bouwman et al. [12], Schierz [81] |
Regulation and government | Little restrictive regulation with adequate protection of property rights, and a lesser imposition of barriers to entry | Was there any regulation? If so, was the regulation a harsh one? Was there a governmental incentive to the project? Startup easiness (OECD) | |
Organizational quality | Quality management dedicated to long-term goals, organic, decentralized, and participatory management; a high level of intra- and inter-firm cooperation | Initiatives undertaken in partnership with another organization Origins of capital Values associated with a long-term vision Concentration of the decision-making process Formalization of processes | Pugh et al. [73], Aiken & Hage [4], Rogers & Shoemaker [77], Kim [52], Sanchez [80], Damanpour & Schneider [25] |
Coverage | The size of the antecedent network and the volume of resources dedicated to the organization or the innovative initiative that provides sufficient critical mass | Share of antecedent network Asset value Number of employees | Katz & Shapiro [45], Sanchez [80], Staykova & Damsgaard [84] |
Bundling | Supply of complementary mobile services | Quantity and types of services Banking penetration Credit card penetration | Dahlberg et al. (23, Choi [18], Kazan & Damsgaard [48], Hasan et al. [42] |