This paper explores the relationship of search engine marketing, financing ability and e-commerce firm performance by the empirical research on China's B2C e-commerce firms. Results show that search engine marketing and business model has a strong positive relation with firm performance while financing ability has a negative effect on firm performance. It verifies the low returns to inputs in e-commerce and enlightens the managers should concentrate on business model innovation and consumer relation management.
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Yang et al. (2015) studied this question.
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