Table 3

Path coefficients of factors influencing smart factory technology adoption

VariablesPath coefficientsp-values
Complexity → Smart factory adoption−0.1300.227
Ecosystem → Smart factory adoption0.1200.013*
Environmental pressure → Smart factory adoption0.1740.001**
Government and regulatory support → Smart factory adoption0.1560.035*
Level of integration → Smart factory adoption0.0860.422
Management support → Smart factory adoption0.1930.001**
Organizational competence → Smart factory adoption−0.0650.001**
Technological readiness and compatibility → Smart factory adoption0.5240.001**
Relative advantage → Smart factory adoption−0.1130.064
Security concerns → Smart factory adoption0.1890.005**

Note(s): *Significant at 0.05 level, **Significant at 0.01 level

Source(s): Authors

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