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There has been concern over the impact of vehicle personal property taxes (VPPT) on a consumer's decision to replace a vehicle. Economic models suggest that income and demographic factors have an impact on the number of vehicles owned and that the level of taxation has only a modest impact. However, lower rates for VPPT are associated with a higher percentage of new car registrations. This exploratory study uses a different methodology in analyzing the impact of VPPT on the purchasing decision. Partitioned pricing and mental accounting theories provide a framework for analysis. A questionnaire was mailed to vehicle owners in high VPPT states (HS) and low VPPT states (LS). The perceived relative importance of VPPT on the purchasing decision is examined by comparing VPPT with other factors. Perceptions of the impact of VPPT on vehicle-purchasing decisions are also analyzed. Finally, a comparison is made between the HS and LS. Results suggest that VPPT have less effect on the purchase of a replacement vehicle than other factors. Although respondents opined that VPPT were too high, they had little effect on their decision to purchase a vehicle. However, respondents from HS were more sensitive to VPPT than those from LS.

Abstract:Researchers have proposed but not tested that early-stage adopters of ERP systems tend to be higher-performing firms that adopt as a means of gaining or maintaining a competitive advantage. In contrast, they have proposed that late-stage adopters are underperforming firms that experience institutional pressures and make adoption decisions partly in response to those pressures and to try to improve performance and catch-up to industry leaders. In this study, we examine the relationship between firm performance and ERP adoption. We found that late-stage adopters tend to have lower financial performance relative to the overall market in the years leading up to adoption decisions as compared to early-stage adopters that tended to outperform the market in years leading up to adoption decisions. This finding demonstrates the relationship between firm performance and ERP adoption. We also found that, postadoption, the relative performance of late-stage adopters tends to improve more than early-stage adopters. This finding suggests that following the actions of industry leaders and adopting ERP systems can have economic benefits for underperforming firms.