Effects of institutional environment and technology development on payment choice
研究了制度环境和技术进步如何共同决定支付工具的选择，并以2004年欧盟东扩为例，证实两者对中东欧国家零售支付选择的影响。
The purpose of this paper is to analyze the combination of institutional factors and technology advances as determinants for the choice of payment instruments. The theoretical set up suggests that countries that enter into a new institutional environment adopt the attitudes of the accepting group towards the payment choices as a consequence of institutional pressure and technology development. We apply the results of the model to the European Union enlargement process of 2004. Our findings confirm the relevance of both institutional environment and technology development in retail payment choice decisions particular to Central and Eastern European Countries.