Abstract The perceived usefulness of information is an important construct for the design of management information systems. Yet an examination of existing measures of perceived usefulness shows that the instruments developed have not been validated nor has their reliability been verified. In this paper a new instrument for measuring two dimensions of perceived usefulness is developed. The results of an empirical study designed to test the reliability and construct validity of this instrument in a capital‐budgeting setting are presented.
Larcker et al. (Tue,) studied this question.