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Evolutionary stages of e-tailers and retailers: firm value determinants model.


ABSTRACT

We have studied the evolutionary stages of clear e-tailers, click & mortar (C&M) and brick & mortar (B&M) retailers for three points of time: June 1999 June 2000 and June 2001 To evaluate the dynamic stages of e-tailing business as an innovative jeopardy we propose four stages: exploration, breakeven, development and maturity. The stages are measured by dint of the impact of revenue and income upon the firm value, and a regression pattern is adopted to formulate the pattern To empirically examine the stages of e-tailers and retailers, we have bring togethered 14 e-tailers, 112 C&M, and 75 B&M from the U


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