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Market reaction to information technology investment announcements in Russian firms. / Boyko, Xenia; Rogova, Elena; Roztocki, Narcyz; Weistroffer, Heinz Roland.

2014. Paper presented at 20th Americas Conference on Information Systems, AMCIS 2014, Savannah, GA, United States.

Research output: Contribution to conference › Paper › peer-review

Harvard

Boyko, X, Rogova, E, Roztocki, N & Weistroffer, HR 2014, 'Market reaction to information technology investment announcements in Russian firms', Paper presented at 20th Americas Conference on Information Systems, AMCIS 2014, Savannah, GA, United States, 7/08/14 - 9/08/14.

APA

Boyko, X., Rogova, E., Roztocki, N., & Weistroffer, H. R. (2014). Market reaction to information technology investment announcements in Russian firms. Paper presented at 20th Americas Conference on Information Systems, AMCIS 2014, Savannah, GA, United States.

Vancouver

Boyko X, Rogova E, Roztocki N, Weistroffer HR. Market reaction to information technology investment announcements in Russian firms. 2014. Paper presented at 20th Americas Conference on Information Systems, AMCIS 2014, Savannah, GA, United States.

Author

Boyko, Xenia ; Rogova, Elena ; Roztocki, Narcyz ; Weistroffer, Heinz Roland. / Market reaction to information technology investment announcements in Russian firms. Paper presented at 20th Americas Conference on Information Systems, AMCIS 2014, Savannah, GA, United States.

BibTeX

@conference{008f90f61f084f84b27d47476e78b147,
title = "Market reaction to information technology investment announcements in Russian firms",
abstract = "This study examines the stock market reaction to announcements of information technology (IT) investments by Russian firms. While several similar studies have been published in the context of highly developed economies like the USA, very few such studies have been conducted in transition economies, and perhaps none previously in Russia. Based on 91 announcements between 2009 and 2012, three research hypotheses are tested. Similar to the results reported in previous studies from other countries, industry sector of the company making the IT investment has little effect on the market reaction. Also similar to the results reported from the USA, the Russian stock market seems to respond more positively to innovative IT investments than to non-innovative investments. However, in contrast to the results reported in a study conducted in Poland, where IT investments through global vendors seem to be perceived more positively than investments through local vendors, in Russia investments through global vendor are received negatively by the stock market.",
keywords = "Event study, Information technology investments, Russia, Transition economies",
author = "Xenia Boyko and Elena Rogova and Narcyz Roztocki and Weistroffer, {Heinz Roland}",
year = "2014",
language = "English",
note = "20th Americas Conference on Information Systems, AMCIS 2014 ; Conference date: 07-08-2014 Through 09-08-2014",

}

RIS

TY - CONF

T1 - Market reaction to information technology investment announcements in Russian firms

AU - Boyko, Xenia

AU - Rogova, Elena

AU - Roztocki, Narcyz

AU - Weistroffer, Heinz Roland

PY - 2014

Y1 - 2014

N2 - This study examines the stock market reaction to announcements of information technology (IT) investments by Russian firms. While several similar studies have been published in the context of highly developed economies like the USA, very few such studies have been conducted in transition economies, and perhaps none previously in Russia. Based on 91 announcements between 2009 and 2012, three research hypotheses are tested. Similar to the results reported in previous studies from other countries, industry sector of the company making the IT investment has little effect on the market reaction. Also similar to the results reported from the USA, the Russian stock market seems to respond more positively to innovative IT investments than to non-innovative investments. However, in contrast to the results reported in a study conducted in Poland, where IT investments through global vendors seem to be perceived more positively than investments through local vendors, in Russia investments through global vendor are received negatively by the stock market.

AB - This study examines the stock market reaction to announcements of information technology (IT) investments by Russian firms. While several similar studies have been published in the context of highly developed economies like the USA, very few such studies have been conducted in transition economies, and perhaps none previously in Russia. Based on 91 announcements between 2009 and 2012, three research hypotheses are tested. Similar to the results reported in previous studies from other countries, industry sector of the company making the IT investment has little effect on the market reaction. Also similar to the results reported from the USA, the Russian stock market seems to respond more positively to innovative IT investments than to non-innovative investments. However, in contrast to the results reported in a study conducted in Poland, where IT investments through global vendors seem to be perceived more positively than investments through local vendors, in Russia investments through global vendor are received negatively by the stock market.

KW - Event study

KW - Information technology investments

KW - Russia

KW - Transition economies

UR - http://www.scopus.com/inward/record.url?scp=84905962320&partnerID=8YFLogxK

M3 - Paper

AN - SCOPUS:84905962320

T2 - 20th Americas Conference on Information Systems, AMCIS 2014

Y2 - 7 August 2014 through 9 August 2014

ER -

ID: 99666703