Abstract
This study explores the impact of enterprise systems investments on the market value of the firm. Using event study methodology, this study identified 31 announcements traded at the London Stock Exchange between 2009 and 2014. This is the one of the few studies to examine the extent to which announcements about enterprise systems would add market value of the firm in the European economies. Our findings confirm the results from previous empirical studies. We find that enterprise systems investments do not generate abnormal positive stock market returns. Also, investors and shareholders do not react positively to the enterprise systems investments during bear markets. This study contributes to the existing information systems research on the value of enterprise systems investment in a European context.
| Original language | English |
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| Title of host publication | Proceedings of the 12th European, Mediterranean & Middle Eastern Conference on Information Systems (EMCIS) |
| Editors | Kostantinos Lambrinoudakis, Vincenzo Morabito, Marinos Themistocleous |
| Publisher | European and Mediterranean Conference on Information Systems |
| Pages | 1-10 |
| Number of pages | 10 |
| ISBN (Electronic) | 9789606897085 |
| Publication status | Published - 1 Jun 2015 |
| Externally published | Yes |
| Event | 12th European, Mediterranean and Middle Eastern Conference on Information Systems - Royal Olympic Hotel, Athens, Greece Duration: 1 Jun 2015 → 2 Jun 2015 Conference number: 12 |
Conference
| Conference | 12th European, Mediterranean and Middle Eastern Conference on Information Systems |
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| Abbreviated title | EMCIS 2015 |
| Country/Territory | Greece |
| City | Athens |
| Period | 1/06/15 → 2/06/15 |