Governance of Generative Artificial Intelligence

The field of knowledge management and knowledge management systems is evolving and dynamic. In the era of developed information technology systems, the dynamics of knowledge creation and dissemination have also changed. Generative artificial intelligence (GenAI)—an embedded entity in the knowledge management system—has become a prominent area of research nowadays, while accountability, transparency, and ethics are common research agendas in institutional economics related to GenAI. The research in this paper has investigated the convictions behind GenAI adoption and how to develop a GenAI governance framework. The research adopts a qualitative approach to investigate the problem and surveys undergraduate students to explore their motive for using GenAI. The study sheds analytical light on institutional economists' view on the governance of GenAI. The study has found a positive relationship between perceived benefits and the adoption of GenAI in education by students. The theoretical model will have a considerable impact on the ongoing debate on the governance of GenAI and knowledge management systems.