Evaluation of Legal Risks for E-Commerce in Construction

Initial Adoption Versus Institutionalization of E-Procurement in Construction Firms: An Empirical Investigation in Vietnam

“…In Vietnam, the legal framework for e-commerce is weak in the areas of taxation, customer protection, intellectual property rights, e-payment, public security, and humanresource development and does not take sufficiently into account the needs of private enterprises and rural users (Tran, Huang, & Drew, 2014). Our finding gives empirical support to qualitative research that identifies many legal obstacles to e-commerce, such as inadequate legal protection for online transactions, unclear business laws, and security and privacy concerns (Ismail & Kamat, 2006;Kog, 2010). By implication, this result points to the need for establishing a broad legal and institutional framework that makes a trustworthy e-marketplace.…”

“…There are four types of risks: traditional risks, e-transactions risks, international e-commerce risks, and industry-specific e-commerce risks (Kog, 2010;Ismail & Kamat, 2006).…”

“…Kog (2010), Ismail and Kamat (2006) LRI 2: We believe that the present e-procurement legal system is well-defined to address e-transactions risks (e.g., software agents contracting, authentication, online security, privacy, etc.) LRI 3: The present e-commerce legal and regulatory system is unified with international legal defines LRI 4: The present e-commerce legal and regulatory system takes sufficiently into account the needs of both public versus private enterprises and large versus SMEs as well in the industry Information technology infrastruct ure (ITI) ITI1: Supporting IT applications and internet is available and good enough to support well e-procurement activities regarding to interoperability, security, and standardization in the industry Ismail and Kamat (2008), Stephen and Brakel (2006) ITI2: We believe B2B e-initiatives have been developed well (websites, e-marketplaces, e-hubs, etc.)…”

Study on E-Commerce Adoption in SMEs Under the Institutional Perspective

“…This result is consistent with previous empirical findings (Molla & Licker, 2005). Our finding gives empirical support to qualitative research that identifies many legal obstacles to e-commerce, such as inadequate legal protection for online transactions, unclear business laws, and security and privacy concerns (Ismail & Kamat, 2006;Kog, 2010). By implication, this result points to the need for establishing a broad legal and institutional framework that makes a trustworthy e-marketplace.…”

“…Represents legal requirements and regulations to stop or eliminate risks in e-business transactions; so as to ensure the security of e-commerce activities and improve trust in e-transactions. Kog (2010); Ismail & Kamat (2006); APEC (2006) Perceived market forces (MFS)…”