Information Systems, Human Capital, and Enterprise Value

摘要：

By using 76 Chinese listed companies data with 2～13 years period that consists of about 350 observations,under Chinese context with GLS regression method,this paper empirically study the relationship between information systems and enterprise value,and the influence of the complementary mechanism between information systems and human capital on enterprise value. This study draws such two conclusions: 1. in short term,the adoption of information systems has significantly negative impact on enterprise value,and such negative influence may be practical significance; in a relative long term,as time goes by,the negative influence decreases gradually,and shows increasing marginal revenue and U shape relationship; in long term,the adoption of information systems has statistically positive impact on enterprise value. 2.The influence of the complementarity between information systems and human capital on enterprise value is statistically positive.

关键词： Information technology Information systems Enterpirse value Empirical research Complementarity theory Human capital

作者: Run-ping Lou Sheng-jia Xue

作者单位: School of Economy & Management,Zhaoqing University,Zhaoqing 526061,China School of Management,Jinan University,Guangzhou 510632,China

会议类型: 国际会议

会议名称: The Tenth Wuhan International Conference on E-Business(第十届武汉电子商务国际会议)

会议地点: 成都

会议语种:英文

页码: 556-566

在线出版日期: 2011-05-13（万方平台首次上网日期，不代表论文的发表时间）