Market reactions to E-business outsourcing announcements: An event study

被引:71
|
作者
Agrawal, Manish
Kishore, Rajiv
Rao, H. Raghav
机构
[1] Univ S Florida, Dept Informat Syst & Decis Sci, Tampa, FL 33620 USA
[2] SUNY Buffalo, Dept Management Sci & Syst, Buffalo, NY 14260 USA
基金
美国国家科学基金会;
关键词
IT outsourcing; E-business projects; E-commerce projects; event study methodology; content analysis methodology; sourcing strategic intent; project execution swiftness; project task complexity; IT capabilities; software risk management;
D O I
10.1016/j.im.2006.08.002
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
Stock markets have reacted favorably to firms who announced their implementation of E-business projects for commercial exploitation. Those that outsourced E-business projects in order to achieve swift execution also achieved abnormal positive returns. Contrary to expectations, outsourcing E-business projects with high task complexity also led to positive results. We analyzed the process and found that these three factors explained more than 20% of the variance in abnormal returns. The results were obtained from an event study of 96 E-business-related announcements, including those made by firms in the S&P500 index during 1999-2002. This paper contains information that should therefore help firms identify E-business projects for outsourcing. (c) 2006 Elsevier B.V. All rights reserved.
引用
收藏
页码:861 / 873
页数:13
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