IT, productivity and organizational practices: large sample, establishment-level evidence
Information Technology and Management
Information Technology and Firm Boundaries: Impact on Firm Risk and Return Performance
Information Systems Research
Exploratory case study research on SOA investment decision processes in austria
CAiSE'11 Proceedings of the 23rd international conference on Advanced information systems engineering
Quantifying forecast quality of IT business value
Science of Computer Programming
IT assets, organization capital and market power: Contributions to business value
Decision Support Systems
Resolving uncertainty and creating value from the exercise of e-commerce investment options
Information Systems Journal
Risk and return of IT investment: evidence from SCM and CRM announcements
International Journal of Networking and Virtual Organisations
The Impact of IT-Related Spillovers on Long-Run Productivity: An Empirical Analysis
Information Systems Research
Journal of Management Information Systems
The impact of Business Intelligence systems on stock return volatility
Information and Management
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This paper develops empirical proxy measures of information technology (IT) risk and incorporates them into the usual empirical models for analyzing IT returns: production function and market value specifications. The results suggest that IT capital investments make a substantially larger contribution to overall firm risk than non-IT capital investments. Further, firms with higher IT risk have a higher marginal product of IT relative to firms with low IT risk. In the market value specification, the impact of IT risk is positive and significant, and inclusion of the IT risk term substantially reduces the coefficient on IT capital. We estimate that about 30% of the gross return on IT investment corresponds to the risk premium associated with IT risk. Taken together, our results show that IT risk provides part of the explanation for the unusually high valuations of IT capital investment in recent research.