Social Capital vs. Financial Wealth: A Regression Analysis on Firm-Level Technology Adoption

Authors

• Mckenzie L. Eaddy, University of Central FloridaFollow
• Tyler Haywood, University of Central FloridaFollow
• John Baumgarth, University of Central FloridaFollow
• Ayana Ahmed, University of Central FloridaFollow

Streaming Media

Files

Course Code

STA

Course Number

4164

Faculty/Instructor

Nathaniel Simone

Faculty/Instructor Email

nathaniel.simone@ucf.edu

Abstract, Summary, or Creative Statement

This study examines what factors influence the implementation of new technology in existing firms beyond just financial capital. Due to the proprietary nature of real-world data in this case, a simulation of 400 firms was used for this analysis, each populated with factors that could influence technology adoption. These simulated firms were then tested to see how many simulation rounds it took them to adopt new technology. Using this data, we constructed regression models to evaluate predictive power, interaction, and other aspects of the relationship between firm characteristics and time taken to adopt technological changes. These models allowed us to examine why firms resist change and how to overcome reticence towards innovative technologies. The results suggest that more than just financial capabilities, the social capital of a firm plays a deciding role in how quickly they decide to modernize.

Keywords

technology adoption; social capital; financial wealth; regression analysis; social influence; network effects; firm behavior; statistical modeling

Recommended Citation

Eaddy, Mckenzie L.; Haywood, Tyler; Baumgarth, John; and Ahmed, Ayana, "Social Capital vs. Financial Wealth: A Regression Analysis on Firm-Level Technology Adoption" (2026). High Impact Practices Student Showcase Spring 2026. 57.
https://stars.library.ucf.edu/hip-2026spring/57