The Market's Perception of the Transactional Risks of Information Technology Outsourcing Announcements

Despite the fact that several event studies have investigated the market's reaction to information technology (IT) investment announcements, little is known about how specific transactional risks influence the market value of a firm. This study examines stock market data to assess investors...

Ausführliche Beschreibung

Bibliographische Detailangaben
Veröffentlicht in:	Journal of Management Information Systems. - Taylor & Francis, Ltd.. - 22(2006), 4, Seite 271-303
1. Verfasser:	Oh, Wonseok (VerfasserIn)
Weitere Verfasser:	Gallivan, Michael J., Kim, Joung W.
Format:	Online-Aufsatz
Sprache:	English
Veröffentlicht:	2006
Zugriff auf das übergeordnete Werk:	Journal of Management Information Systems
Schlagworte:	agency theory asset specificity event study industry similarity information technology outsourcing resource dependency transaction cost economics transactional risks vendor capability Business mehr... Economics Applied sciences Law


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100	1		\|a Oh, Wonseok \|e verfasserin \|4 aut
245	1	4	\|a The Market's Perception of the Transactional Risks of Information Technology Outsourcing Announcements
264		1	\|c 2006
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520			\|a Despite the fact that several event studies have investigated the market's reaction to information technology (IT) investment announcements, little is known about how specific transactional risks influence the market value of a firm. This study examines stock market data to assess investors' responses to various transactional risks associated with IT outsourcing. More specifically, we develop and test several hypotheses to understand how transactional risks that arise due to a range of factors (i.e., the size of outsourcing contracts, difficulties in performance monitoring, asset specificity of IT resources, vendor capability, and the lack of cultural similarity between client and vendor firms) influence investors' reactions to IT outsourcing announcements. Our results indicate that most of these factors indeed significantly influence investors' perceptions of the risks involved in IT outsourcing. We discuss these findings in a larger organizational context and offer implications for both research and practice. In particular, our study offers a theoretical rationale for why negative reactions to IT outsourcing announcements may occur, while providing practitioners with several means by which they can increase the informational value of outsourcing arrangements.
540			\|a Copyright 2006 M. E. Sharpe, Inc.
650		4	\|a agency theory
650		4	\|a asset specificity
650		4	\|a event study
650		4	\|a industry similarity
650		4	\|a information technology outsourcing
650		4	\|a resource dependency
650		4	\|a transaction cost economics
650		4	\|a transactional risks
650		4	\|a vendor capability
650		4	\|a Business \|x Business administration \|x Human resources \|x Staffing \|x Hiring \|x Hiring practices \|x Outsourcing
650		4	\|a Business \|x Business operations \|x Commerce \|x Trade \|x Vendors
650		4	\|a Economics \|x Economic disciplines \|x Financial economics \|x Finance \|x Financial investments \|x Investors
650		4	\|a Applied sciences \|x Computer science \|x Computer engineering \|x Computer technology \|x Information technology
650		4	\|a Economics \|x Economic disciplines \|x Financial economics \|x Finance \|x Financial management \|x Financial risk \|x Investment risk
650		4	\|a Applied sciences \|x Computer science \|x Computer engineering \|x Computer software \|x Software applications \|x Information storage and retrieval systems
650		4	\|a Business \|x Industry \|x Industrial sectors \|x Service industries
650		4	\|a Economics \|x Economic disciplines \|x Consumer economics \|x Consumer sectors \|x Industrial market
650		4	\|a Economics \|x Economic disciplines \|x Financial economics \|x Finance \|x Financial investments
650		4	\|a Law \|x Civil law \|x Contract law \|x Contracts
655		4	\|a research-article
700	1		\|a Gallivan, Michael J. \|e verfasserin \|4 aut
700	1		\|a Kim, Joung W. \|e verfasserin \|4 aut
773	0	8	\|i Enthalten in \|t Journal of Management Information Systems \|d Taylor & Francis, Ltd. \|g 22(2006), 4, Seite 271-303 \|w (DE-627)32495817X \|w (DE-600)2033010-8 \|x 1557928X \|7 nnns
773	1	8	\|g volume:22 \|g year:2006 \|g number:4 \|g pages:271-303
856	4	0	\|u https://www.jstor.org/stable/40398820 \|3 Volltext
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