This PLS-SEM survey study of 188 Taiwanese R&D and project-development professionals tests a Social Cognitive Theory model of enterprise intention to invest in Industry 4.0 smart manufacturing. Six of nine hypotheses held: demand-market maturity predicted self-efficacy (Ξ²=0.31) and outcome expectancy (Ξ²=0.47); self-efficacy predicted outcome expectancy (Ξ²=0.27) and investment intention (Ξ²=0.22); outcome expectancy most strongly predicted investment intention (Ξ²=0.58), explaining 50% of its variance .
Three issues temper confidence. (1) Contradictory subsidy finding: bivariate correlations for subsidies were positive, but the multivariate path to outcome expectancy turned negative (Ξ²=-0.13, p<0.05); the authors vaguely attribute this to "small interference during the statistical analysis" rather than rigorously diagnosing suppression or multicollinearity . (2) Sampling skew: 73.4% of respondents were smart-manufacturing equipment/technology suppliers, not users, plausibly explaining null supply-maturity paths and limiting generalizability . (3) Intention β behavior: only stated intention was measured; no follow-up on actual investment. The study is also dated in places (citing 2014β2016 market forecasts as current context), and the analysis reportedly uses structural equation modeling yet reports no common-method-bias test for single-source self-report data. Notably, the paper itself acknowledges Taiwan-only scope, omitted predictors, and self-selection bias from the online questionnaire .
A longitudinal design showing baseline self-efficacy or outcome expectancy fails to predict later actual smart-manufacturing investment would falsify the core inference; conversely, cross-national replication (especially among technology users, not suppliers) would strengthen it. BGPT infers the subsidy "crowding-out" interpretation echoes prior literature , but a single negative path from a skewed sample cannot support that policy conclusion with confidence.
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