Investment in IT and the Business Performance of Financial CompaniesIrene Henriques (York University, Canada) and Perry Sadorsky (York University, Canada)
Copyright © 2006.
23 pages.
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DOI: 10.4018/978-1-59140-881-9.ch001
Sample PDFCite
MLA
Henriques, Irene and Perry Sadorsky. "Investment in IT and the Business Performance of Financial Companies." Global Information Technology and Competitive Financial Alliances. IGI Global, 2006. 1-23. Web. 25 May. 2013. doi:10.4018/978-1-59140-881-9.ch001
APA
Henriques, I., & Sadorsky, P. (2006). Investment in IT and the Business Performance of Financial Companies. In Y. Kurihara , S. Takaya , & N. Yamori (Eds.), Global Information Technology and Competitive Financial Alliances (pp. 1-23). Hershey, PA: Idea Group Publishing. doi:10.4018/978-1-59140-881-9.ch001
Chicago
Henriques, Irene and Perry Sadorsky. "Investment in IT and the Business Performance of Financial Companies." In Global Information Technology and Competitive Financial Alliances, ed. Yutaka Kurihara , Sadayoshi Takaya and Nobuyoshi Yamori, 1-23 (2006), accessed May 25, 2013. doi:10.4018/978-1-59140-881-9.ch001
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  | | TopAbstractGlobal information technology and competitive financial alliances are helping to reshape the business landscape. Information technology (IT) and well functioning financial markets play a crucial role in increasing economic growth and prosperity. The purpose of this study is to empirically investigate the relationship between investment in IT and the business performance of financial companies. A vector autoregressive (VAR) model is used to test hypotheses one (increased spending on IT increases financial performance) and two (increased financial performance increases spending on IT) where financial performance is assumed to be adequately measured by stock price returns. Control variables for general business cycle conditions are included in the analysis. Our results show that the greatest benefits from increases in technology accrue to insurance and other financial companies. Managers of these companies could increase their business performance through strategic investment and use of IT. TopComplete Chapter List
Search this Book:
Reset | 1. |
Irene Henriques (York University, Canada), Perry Sadorsky (York University, Canada)
Global information technology and competitive financial alliances are helping to reshape the business landscape. Information technology (IT) and well functioning fin...
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| 2. |
Nobuyoshi Yamori (Nagoya University, Japan), Kozo Harimaya (Sapporo Gakuin University, Japan), Yoshihiro Asai (Nagoya University, Japan)
Although Japanese banks have suffered from huge, non-performing loans since the burst of the bubble, they have invested as much as possible in information technology...
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| 3. |
Yutaka Kurihara (Aichi University, Japan), Shigeaki Ohtsuka (Kwansei Gakuin University, Japan)
Economic activity is always accompanied by payment. Payment systems, which are the subject of much recent discussion, are an indispensable part of the infrastructure...
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| 4. |
Anita Ghatak (University of Greenwich, UK)
In this chapter, we assess the contribution of financial development to saving and economic growth in the UK in the 20th century. Financial development in this centu...
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| 5. |
Ahmed Abutaleb (Cairo University, Egypt), Michael Papaioannou (International Monetary Fund, USA)
The tendency of exchange rates to fluctuate markedly and regularly is often referred as currency market volatility. The extent of currency market volatility is a maj...
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| 6. |
Sadayoshi Takaya (Kansai University, Japan)
This chapter focuses on the function of international currencies as foreign exchange vehicles, which has a character of the network externality. On January 1999, the...
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| 7. |
Argyrios Volis (Athens University of Economics and Business, Greece)
The purpose of this study is to explore the “revolution” that was caused by the rapid spread of information technology towards the development and co-integration of...
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| 8. |
Sadayoshi Takaya (Kansai University, Japan)
This chapter investigates the effects generated by the currency crisis. The countries experienced the currency turmoil confronted financial crisis, economic deterior...
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| 9. |
Masayuki Susai (Nagasaki University, Japan)
Highly developed IT technology can be the source of volatility spillover between markets located in other countries. In this chapter, we investigate the interrelatio...
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| 10. |
Andrew Marks (University of Western Sydney, Australia)
Trade liberalization has played a pivotal role in improving the export orientation of the various Australian manufacturing industries (at the two-digit level) in the...
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| 11. |
Nobuyoshi Yamori (Nagoya University, Japan), Nobuyoshi Nishigaki (Okayama University, Japan)
Most discussions and analyses regarding Japanese financial institutions during the 1990s have focused on the lingering effects of the collapse of the bubble economy,...
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| 12. |
Mariusz K. Krawczyk (Fukuoka University, Japan)
Despite of amazing progress in information technology that has taken place in recent years, the electronic money failed to live to the expectations and has made litt...
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| 13. |
Takeshi Kobayashi (Chukyo University, Japan)
This chapter examined the relationship between Japanese life insurers’ investment in IT stocks and conventional financial statistics, such as ROE and dividend yield,...
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| 14. |
Waranya Atchariyachanvanich (Assumption University, Thailand), Kanokwan Atchariyachanvanich (The Graduate University for Advanced Studies, Japan)
This chapter reviews the roles of information technology (IT) from two perspectives. First, from the macroeconomic perspective, the IT revolution induced output grow...
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| 15. |
Yutaka Kurihara (Aichi University, Japan), Akio Fukushima (Seijo University, Japan)
The use of local currency has been spreading gradually since the 1990s. It has been introduced by nonprofit organizations (NPOs) and similar groups in some countries...
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| 16. |
Carolyn Currie (University of Technology, Australia)
E-commerce offers an enormous range of solutions to payment and settlements problems. However it also poses a myriad of regulatory issues. Understanding the technica...
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| 17. |
Takashi Kubota (Waseda University, Japan)
This chapter introduces the two newly emerging issues in the C2C and B2B area in the Japanese IT laws: (a) anti-fraud measures in Internet auctions and (b) treatment...
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