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    政大機構典藏 > 商學院 > 會計學系 > 期刊論文 >  Item 140.119/121468
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/121468


    Title: Seeking Value Through Deviation? Economic Impacts of IT Overinvestment and Underinvestment
    Authors: Ho, Joanna;Tian, Feng;Wu, Anne;Xu, Sean Xin
    Wu, Anne
    吳安妮
    Contributors: 會計系
    Keywords: investment;firm performance;deviation;overinvestment;underinvestment;Red Queen;concentrated ownership
    Date: 2017-12
    Issue Date: 2018-12-22 11:48:00 (UTC+8)
    Abstract: This study addresses the economic impacts of information technology (IT) overinvestment and underinvestment decisions. Based on the view of Red Queen competition in conjunction with institutional theory, we hypothesize that overinvestment and underinvestment in IT have nonlinear performance impacts. Drawing on the idea of management control mechanisms, we further hypothesize that the performance impacts are conditional on ownership concentration. Using a sample of S&P 500 firms, we find that, on average, there is a positive relationship between a firm's overinvestment in IT and Tobin's q, although that relationship attenuates at higher levels of overinvestment. However, there is, on average, no relationship between a firm's underinvestment in IT and its Tobin's q. Importantly, the payoff for underinvestment becomes positive for companies with founding-family ownership. Implications for research and practice are discussed.
    Relation: Information Systems Research, Volume 28, Issue 4, Pages iii-vi, 681-886
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1287/isre.2017.0710
    DOI: 10.1287/isre.2017.0710
    Appears in Collections:[會計學系] 期刊論文

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