Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/61300
Title: Disruptive information technology innovations and the cost of equity capital : the moderating effect of CEO incentives and institutional pressures
Authors: Lui, AKH
Ngai, EWT 
Lo, CKY 
Keywords: Disruptive IT innovations
The cost of equity capital
Issue Date: 2016
Publisher: Elsevier
Source: Information and management, 2016, v. 53, no. 3, p. 345-354 How to cite?
Journal: Information and management 
Abstract: Disruptive information technology (IT) innovations not only present opportunities, but also cause uncertain impacts on firm risk that affects the equity financing cost of a firm. This paper used longitudinal data from 146 U.S. listed firms that adopted radio frequency identification (RFID), a disruptive technology that enables supply chain process innovation. Results show that firms that adopted RFID significantly reduced their cost of equity capital, and the reduction was stronger for firms with greater CEO incentive-based compensation and coercive pressure. The findings help managers make strategies that maximize the benefits of disruptive IT innovations.
URI: http://hdl.handle.net/10397/61300
ISSN: 0378-7206
EISSN: 1872-7530
DOI: 10.1016/j.im.2015.09.009
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