OUTSOURCING AND MARKET VALUE OF THE FIRM: TOWARD A COMPREHENSIVE MODEL

PANKAJ NAGPAL; ANDREAS I. NICOLAOU; KALLE LYYTINEN

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OUTSOURCING AND MARKET VALUE OF THE FIRM: TOWARD A COMPREHENSIVE MODEL

机译：公司的外包和市场价值：建立一个综合模型

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We analyze the effect of buyer, contract, and vendor characteristics on abnormal stock returns among firms that have announced large scale Information Technology (IT) and Business Process outsourcing (BPO) contracts. We draw upon a comprehensive dataset on outsourcing announcements, augmented with data from public sources. Salient buyer factors examined include use of a wide range of organizational controls. On the vendor side, we examine the impact of vendor size, contract size and reputation. Our study shows that use of behavior controls, outcome controls (negative), vendor reputation, and industry of buyer firm affect market value. When limited to buyer related factors, use of behavior and clan controls is positively related to abnormal returns around IT outsourcing announcements. An interesting finding is that IT and BPO success require different sets of controls.

机译：我们分析了宣布大规模信息技术（IT）和业务流程外包（BPO）合同的公司中，购买者，合同和供应商特征对异常股票收益的影响。我们利用有关外包公告的综合数据集，并增加了来自公共来源的数据。检查的主要买方因素包括使用广泛的组织控制。在卖方方面，我们研究了卖方规模，合同规模和声誉的影响。我们的研究表明，行为控制，结果控制（负面），卖方声誉和买方公司行业的使用会影响市场价值。如果仅限于与购买者相关的因素，则行为和宗族控制的使用与IT外包公告周围的异常收益呈正相关。一个有趣的发现是，IT和BPO的成功需要不同的控制集。

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来源
《International journal of intelligent systems in accounting, finance & management》 |2014年第1期|19-38|共20页
作者
PANKAJ NAGPAL; ANDREAS I. NICOLAOU; KALLE LYYTINEN;
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作者单位

Department of Accounting, School of Business, Central Connecticut State University, 1615 Stanley Street, New Britain, CT 06050, USA;

Department of Accounting & MIS, College of Business, Bowling Green State University, Bowling Green, OH, USA;

Weatherhead School of Management, Case Western Reserve University, Cleveland, OH, USA;

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原文格式 PDF
正文语种 eng
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关键词
IT outsourcing; business process outsourcing; event study; organizational controls; median regression;

机译：IT外包;业务流程外包;事件研究;组织控制;中位数回归;

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OUTSOURCING AND MARKET VALUE OF THE FIRM: TOWARD A COMPREHENSIVE MODEL

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