Stock Market Reaction to Information Technology Outsourcing: An Event Study (Classic Reprint) - Couverture souple

Lawrence Loh

Couverture souple

ISBN 10 : 1330406087 ISBN 13 : 9781330406083

Editeur : Forgotten Books, 2018

Synopsis

The digital edition of all books may be viewed on our website before purchase. Excerpt from Stock Market Reaction to Information Technology Outsourcing: An Event Study (Classic Reprint)



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A propos du livre

Présentation de l'éditeur

Stock Market Reaction to Information Technology Outsourcing Stock Market Reaction to Information Technology Outsourcing: An Event Study Abstract Despite the abundant anecdotal evidence on the benefits of information technology (IT) outsourcing, whether the stock market reacts favorably to such a governance choice remains a puzzle. In line with the recent emphasis on a valuebased approach to evaluating firms, we adopt an event-study method to examine the market-impacting effects of IT outsourcing. Our analysis, based on a sample of 58 IT outsourcing announcements obtained from a systematic search of online databases, indicates that this governance decision contributes positively and significantly to stock returns. The finding is robust across both service and industrial sectors. Further, we demonstrate that the stock market reacts favorably to IT outsourcing decisions by firms with a high business cost structure and low business performance. We discuss the results pertaining to stock market reaction in the context of corporate performance assessment and offer avenues for research extensions. Keywords: Information technology outsourcing; information technology governance; information technology strategy; event study methodology. A cknowledgements. This study has been supported by MITs Center for Information Systems Research (CISR), MITs International Financial Services Research Center (IFSRC), and IBMs Advanced Business Institute (ABI). Kok Chan, Jimmy Chow, andE rik Tavzel provided research assistances for the project. We thank the participants of theW orking Group on Partnership at Boston University and theW orkshop in Information Technology at MIT for their comments. We are also grateful toE rik Brynjolfsson and Judith Quillard for their suggestions.
(Typographical errors above are due to OCR software and don't occur in the book.)

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Détails de l'édition

• Éditeur: Forgotten Books
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 1330406087
• ISBN 13: 9781330406083
• Reliure: Broché
• Nombre de pages: 49
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