Examining the shareholder wealth effects of announcements of newly created CIO positions

被引：219

作者：

Chatterjee, D ^{[1
]}

Richardson, VJ

Zmud, RW

机构：

[1] Washington State Univ, Coll Business & Econ, Sch Accounting Informat Syst & Business Law, Pullman, WA 99163 USA

[2] Univ Kansas, Div Accounting & Informat Syst, Lawrence, KS 66045 USA

[3] Univ Oklahoma, Michael F Price Coll Business, Norman, OK 73019 USA

来源：

MIS QUARTERLY | 2001年 / 25卷 / 01期

关键词：

CIO position announcements; IT leadership; IT management; IT assets; IT-driven transformation; organization innovation; external hires; event study;

D O I：

10.2307/3250958

中图分类号：

TP [自动化技术、计算机技术];

学科分类号：

0812 ;

摘要：

While information technology (IT) has been transforming the business landscape for a long time now, it is only recently that empirical evidence demonstrating the positive impact of IT on firm performance has begun to accumulate. The strategic importance of a firm's IT capabilities is prompting an increasing number of companies to appoint chief information officers (CIOs) to effectively manage these assets. Such moves are reflective of changes in top management thinking and policy regarding the role of IT and firms' approaches to IT governance. This paper uses the event study methodology to examine market reactions to announcements of new CIO positions. Findings strongly support the notion that, for firms competing in industries undergoing IT driven transformation, announcements of newly created CIO positions do indeed provoke positive reactions from the marketplace.

引用

页码：43 / 70

页数：28

共 64 条

[11] Barua A., 2000, Framing the Domains of IT Management: Projecting the Future ... Through the Past ..., P65
[12] Bibeault D. B., 1982, Corporate turnaround: How managers turn losers into winners
[13] BOYNTON AC, 1994, MIS Q SEP, P294
[14] BROWN CV, 1999, REPOSITIONING IT ORG
[15] USING DAILY STOCK RETURNS - THE CASE OF EVENT STUDIES
BROWN, SJ
WARNER, JB
[J]. JOURNAL OF FINANCIAL ECONOMICS, 1985, 14 (01) : 3 - 31
[16] Brynjolfsson E, 1997, SLOAN MANAGE REV, V38, P37
[17] A PROCESS MODEL OF INTERNAL CORPORATE VENTURING IN THE DIVERSIFIED MAJOR FIRM
BURGELMAN, RA
[J]. ADMINISTRATIVE SCIENCE QUARTERLY, 1983, 28 (02) : 223 - 244
[18] CARLSON SJ, 1998, Q J BUSINESS EC, P25
[19] THE WEALTH EFFECT OF INTERNATIONAL JOINT VENTURES - THE CASE OF UNITED-STATES INVESTMENT IN CHINA
CHEN, HY
HU, MY
SHIEH, JCP
[J]. FINANCIAL MANAGEMENT, 1991, 20 (04) : 31 - 41
[20] A NONPARAMETRIC TEST FOR ABNORMAL SECURITY-PRICE PERFORMANCE IN EVENT STUDIES
CORRADO, CJ
[J]. JOURNAL OF FINANCIAL ECONOMICS, 1989, 23 (02) : 385 - 395

← 1 2 3 4 5 6 7 →