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The Value Relevance of IT Investments on Firm Value in the Financial Services Sector

机译:金融服务业中IT投资与公司价值的价值相关性

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摘要

Understanding and assessing the payoff from investments in IT is an important exercise for managers. A number of researchers have examined the elusive notion of firm-level information system effectiveness and the results are mixed. This study contributes to this debate by examining the association between market value of equity and IT-related investments for a sample offirms in the financial services sector. It should be noted that companies in the financial services industry are intensive users of IT and often rely upon IT as a source of competitive advantage. We find a positive association between investments in IT and market value. Overall, our findings support the notion that investors perceive investments in IT as value-relevant.
机译:了解和评估从IT投资中获得的收益对于管理人员来说是一项重要的工作。许多研究人员检查了企业级信息系统有效性的难以捉摸的概念,并且得出的结果参差不齐。这项研究通过检查股票市场价值与与IT相关的投资之间的关联来为这场辩论做出贡献,其中涉及金融服务行业的一些样本公司。应当指出,金融服务行业的公司是IT的密集型用户,通常依赖IT作为竞争优势的来源。我们发现IT投资与市场价值之间存在正相关关系。总体而言,我们的发现支持以下观点:投资者将对IT的投资视为与价值相关。

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