Journal of Management Information and Decision Sciences (Print ISSN: 1524-7252; Online ISSN: 1532-5806)


The Impact of Economic Growth, Financial Development, Financial Performance and Capital Growth on the Adoption of Artificial Intelligence in the ASEAN Countries

Author(s): Kusuma Dampitakse, Varintorn Kungvantip, Kittisak Jermsittiparsert, Krisada Chienwattanasook

The foremost purpose of current literature is to examine the role of economic growth, financial development, financial performance, and capital growth on the adoption of artificial intelligence in the ASEAN countries of the world. For the hypotheses testing, this study extracted the data from the database of World Bank of the banking working in the context of ASEAN countries from 2001 to 2017. Random effect model was employed for the hypotheses testing after checking its appropriateness through Hausman test. The results indicated that economic growth, financial development, and financial performance have positive nexus with the adoption of artificial intelligence in the ASEAN countries. These outcomes provided the guidance to the regulation making and implementation authorities that they much focus on the economic, financial and non-financial condition of the firms that enhance the ability of the firms to adopt the artificial intelligence in the organization.

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