Abstract
A growing number of firms are competitively entering into e-Business because they see the high potential of e-Business growth as an opportunity. The positive expectation of the e-Business market leads most firms to go into e-Business, but it is not clear what kinds of benefits firms gain through e-Business. In this paper, we examine whether firms' economic benefits are related to e-Business activities. For this purpose, we employ event study methodology and assess the cumulative abnormal returns for 782 e-Business initiatives by firms listed in Korean capital markets. The well-known Dot Com Effect is verified empirically by this study. The results of this study indicate that e-Business potential is highly valued in the capital market, and e-Business firms are expected to create significant benefits in the future period.
Original language | English |
---|---|
Pages (from-to) | 41-56 |
Number of pages | 16 |
Journal | Electronic Commerce Research and Applications |
Volume | 1 |
Issue number | 1 |
DOIs | |
Publication status | Published - 2002 |
Bibliographical note
Funding Information:This work was supported by Korea Research Foundation Grant (KRF-2001-2-0770).
All Science Journal Classification (ASJC) codes
- Computer Science Applications
- Computer Networks and Communications
- Marketing
- Management of Technology and Innovation