{"title":"企业IT投资对企业绩效的影响:来自中国的证据","authors":"Peinan Ji, Xiangbin Yan, Guang Yu","doi":"10.1080/1097198X.2020.1792230","DOIUrl":null,"url":null,"abstract":"ABSTRACT This paper uses econometrics to examine the influence of information technology investment using public firm data from China. Specifically, we observe whether there are differences in IT investment between developing countries and developed countries theoretically, and how the financial market performed after massive IT investment in China. The results are based on a sample of 166 IT investment announcements selected from the 3740 possible IT investment announcements spanning 2009 to 2017. Over the announcement period, we find positive effect for the full sample and the innovative IT investments, but not in the case of non-innovative investments. When it comes to types of listed companies, only the IT investments of growth enterprises market listed companies have a significant impact on stock price performance. Compared with previous studies, which only pay attention to the longitudinal position of firms, our research also examined the impact of IT investment on firms’ horizontal position, namely the changes of market before and after the investment in the time-line.","PeriodicalId":45982,"journal":{"name":"Journal of Global Information Technology Management","volume":"28 1","pages":"176 - 190"},"PeriodicalIF":3.0000,"publicationDate":"2020-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The Impact of Enterprise IT Investment on Corporate Performance: Evidence from China\",\"authors\":\"Peinan Ji, Xiangbin Yan, Guang Yu\",\"doi\":\"10.1080/1097198X.2020.1792230\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"ABSTRACT This paper uses econometrics to examine the influence of information technology investment using public firm data from China. Specifically, we observe whether there are differences in IT investment between developing countries and developed countries theoretically, and how the financial market performed after massive IT investment in China. The results are based on a sample of 166 IT investment announcements selected from the 3740 possible IT investment announcements spanning 2009 to 2017. Over the announcement period, we find positive effect for the full sample and the innovative IT investments, but not in the case of non-innovative investments. When it comes to types of listed companies, only the IT investments of growth enterprises market listed companies have a significant impact on stock price performance. Compared with previous studies, which only pay attention to the longitudinal position of firms, our research also examined the impact of IT investment on firms’ horizontal position, namely the changes of market before and after the investment in the time-line.\",\"PeriodicalId\":45982,\"journal\":{\"name\":\"Journal of Global Information Technology Management\",\"volume\":\"28 1\",\"pages\":\"176 - 190\"},\"PeriodicalIF\":3.0000,\"publicationDate\":\"2020-07-02\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Global Information Technology Management\",\"FirstCategoryId\":\"91\",\"ListUrlMain\":\"https://doi.org/10.1080/1097198X.2020.1792230\",\"RegionNum\":4,\"RegionCategory\":\"管理学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"INFORMATION SCIENCE & LIBRARY SCIENCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Global Information Technology Management","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1080/1097198X.2020.1792230","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"INFORMATION SCIENCE & LIBRARY SCIENCE","Score":null,"Total":0}
The Impact of Enterprise IT Investment on Corporate Performance: Evidence from China
ABSTRACT This paper uses econometrics to examine the influence of information technology investment using public firm data from China. Specifically, we observe whether there are differences in IT investment between developing countries and developed countries theoretically, and how the financial market performed after massive IT investment in China. The results are based on a sample of 166 IT investment announcements selected from the 3740 possible IT investment announcements spanning 2009 to 2017. Over the announcement period, we find positive effect for the full sample and the innovative IT investments, but not in the case of non-innovative investments. When it comes to types of listed companies, only the IT investments of growth enterprises market listed companies have a significant impact on stock price performance. Compared with previous studies, which only pay attention to the longitudinal position of firms, our research also examined the impact of IT investment on firms’ horizontal position, namely the changes of market before and after the investment in the time-line.
期刊介绍：
The Journal of Global Information Technology Management (JGITM) is a refereed international journal that is supported by Global IT scholars from all over the world. JGITM publishes articles related to all aspects of the application of information technology for international business. The journal also considers a variety of methodological approaches and encourages manuscript submissions from authors all over the world, both from academia and industry. In addition, the journal will also include reviews of MIS books that have bearing on global aspects. Practitioner input will be specifically solicited from time-to-time in the form of invited columns or interviews. Besides quality work, at a minimum each submitted article should have the following three components: an MIS (Management Information Systems) topic, an international orientation (e.g., cross cultural studies or strong international implications), and evidence (e.g., survey data, case studies, secondary data, etc.). Articles in the Journal of Global Information Technology Management include, but are not limited to: -Cross-cultural IS studies -Frameworks/models for global information systems (GIS) -Development, evaluation and management of GIS -Information Resource Management -Electronic Commerce -Privacy & Security -Societal impacts of IT in developing countries -IT and Economic Development -IT Diffusion in developing countries -IT in Health Care -IT human resource issues -DSS/EIS/ES in international settings -Organizational and management structures for GIS -Transborder data flow issues -Supply Chain Management -Distributed global databases and networks -Cultural and societal impacts -Comparative studies of nations -Applications and case studies
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