기업의 IT투자가 주식수익률 및 경제적 영업권에 미치는 영향

다국어 초록 (Multilingual Abstract)

Intangible Assets are more important determinants of firm value than others in a digital information-based economy(Lev, 2001). Prior research reveals that investments in intangible assets such as R&D and advertising expenditures are associated with firm value. This paper examines the effects of the corporate investments in the information technologies(IT) on stock return and economic goodwill. The sample consists of 152 firms listed on the Korean stock market in 2002. To test hypothesis We employed multiple regression models. Results are as follows; First, IT environment, IT process, and IT human resource are positively associated with firm's IT value. Second, firm's IT value is positively correlated with firm's economic goodwill. Third, firm's IT value is positively correlated with firm's stock return. These results suggest that the investments related with IT are effective in cultivating firm's value and Stock investors can make the best use of firm's announcements related with IT value. Thus the authorities concerned need to expand the public announcements related IT value.

목차 (Table of Contents)

• Ⅰ. 서 론
• Ⅱ. 선행연구
• Ⅲ. 연구설계 및 변수측정
• 1. 연구가설과 연구모형
• 2. 자료의 수집
• 3. 변수의 측정
• Ⅳ. 실증분석결과
• 1. 변수의 기술통계
• 2. 상관관계 분석결과
• 3. IT가치가 경제적 영업권 및 주식수익률에 미치는 영향
• 4. 추가적 분석
• Ⅴ. 요약 및 결론
• 참고문헌
• Abstract

참고문헌 (Reference)

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