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Stock Price Reaction to Investments in Information Technology: the Relevance of Cost Management Systems

1566-6379
Journal from gdlhub / 2017-08-14 11:52:31
Oleh : Narcyz Roztocki, Heinz Roland Weistroffer, State University of New York at New Paltz, USA
Dibuat : 2012-06-22, dengan 1 file

Keyword : Activity-based costing, cost management systems, event study methodology, information technology productivity paradox
Subjek : Activity-based costing, cost management systems, event study methodology, information technology productivity paradox
Sumber pengambilan dokumen : Internet

The identification of conditions and factors under which investments in Information Technology (IT) can be


expected to yield tangible returns is the subject of many productivity studies. Event study methodology, which examines


the reaction in the stock price to announcements of different types of IT investments, is one approach to this kind of


research. In the research presented in this paper, we use event study methodology to investigate the effect of cost


management systems on payoffs from IT investments. The motivation for our research is based on the assumption that


companies possessing reliable cost management systems, such as Activity-Based Costing (ABC), are less likely to make


expensive mistakes when investing in IT. Furthermore, the companies that use ABC and thus know the costs of their


operation, are better able to single out those IT projects which positively impact the bottom line and competitiveness. In


our study, we use a sample of three companies that are adopters of ABC, to examine the impact of 81 IT investment


announcements on stock prices.

Deskripsi Alternatif :

The identification of conditions and factors under which investments in Information Technology (IT) can be


expected to yield tangible returns is the subject of many productivity studies. Event study methodology, which examines


the reaction in the stock price to announcements of different types of IT investments, is one approach to this kind of


research. In the research presented in this paper, we use event study methodology to investigate the effect of cost


management systems on payoffs from IT investments. The motivation for our research is based on the assumption that


companies possessing reliable cost management systems, such as Activity-Based Costing (ABC), are less likely to make


expensive mistakes when investing in IT. Furthermore, the companies that use ABC and thus know the costs of their


operation, are better able to single out those IT projects which positively impact the bottom line and competitiveness. In


our study, we use a sample of three companies that are adopters of ABC, to examine the impact of 81 IT investment


announcements on stock prices.

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