Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/76671
Title: An examination of the long-term business value of investments in information technology
Authors: Shea, VJ
Dow, KE
Chong, AYL
Ngai, EWT 
Keywords: Business value
Event study
IT investments
Regression discontinuity design
Issue Date: 2017
Publisher: Springer
Source: Information systems frontiers, 2017, p. 1-15 How to cite?
Journal: Information systems frontiers 
Abstract: In this paper, we examine the effects of investments in Information Technology (IT) on the long term business values of organizations. The regression discontinuity design is used in this research to examine eight hundred and ten IT investment announcements collected from the period 1982–2007. Our results found that press releases can affect the market value of a firm by possibly providing investors with a better idea of a firm’s current and future operations and strategy. On the other hand, these press releases also appear to attract more transient investors. The attraction of transient investors likely suggests the market believes the IT investing firm is serious about its potential for growth and expansion.
URI: http://hdl.handle.net/10397/76671
ISSN: 1387-3326
EISSN: 1572-9419
DOI: 10.1007/s10796-017-9735-5
Appears in Collections:Journal/Magazine Article

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