Valuating the

7. C
ONCLUSION
 
The TAM is a well-developed theoretical model in the field of information system research. 
Particularly, TAM models helps to understand and uses of perceptions of technology. 
Similarly, Principal-Agent theory is an economic theory used to explain economic 
behavioural subsets within organisational behaviour studies. However, in the context of IS 
research, it provides the opportunity to access the impact of technology performance in 
between two actors: the Principal and the Agent. The main contribution made by using this 
theory in this study is to evaluate the public e-procurement benefits in relation between 
government and bidders including transparent transaction processes like tracing and 
monitoring, user-friendliness, security of transactions, fairness of competition, and overall 
reduction of corruption within public procurement. In fact, Agency Theory can be a good 
theory with which to evaluate the technology benefits of organisation in order to reduce 
information asymmetry problems, monopoly on power, moral hazards, and to increase trust 
between two parties. 
This study investigated the perceived benefits of public e-procurement in reducing 
corruption in public procurement processes. Technology was perceived to be a powerful anti-
corruption tool that promotes numerous other benefits. Therefore, our objective was to 
identify the most important anti-corruption factors that affected the perceptions of public e-
procurement technology for reducing corruption in government procurement.
In this research, there are several limitations, which should be taken into 
consideration. The main limitation of this study was the limited number of respondents used 
in the study sample and the limited number of public e-procurement respondents in 
Government Departments in Nepal - this study only employs 46 respondents. This number 
was limited due to the relatively small number of government officers who were aware of 
public e-procurement systems in Nepal. Thus, future research could expand the work done in 
this study to capture more responses and to widen the scope of the study of public e-
procurement within the Nepalese Government. Additional research could also add more 
variables and employ rigorous research methodologies such as focus group discussions, as 
well as personal interviews about the anti-corruption capabilities of public e-procurement 
systems.