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 Dec 1 |
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All Science Journal Classification (ASJC) codes
- Computer Science Applications
- Computer Networks and Communications
- Marketing
- Management of Technology and Innovation
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Impact of e-business initiatives on firm value. / Lee, Ho Geun; Cho, Dong Hwan; Lee, Seong Chul.
In: Electronic Commerce Research and Applications, Vol. 1, No. 1, 01.12.2002, p. 41-56.Research output: Contribution to journal › Article
TY - JOUR
T1 - Impact of e-business initiatives on firm value
AU - Lee, Ho Geun
AU - Cho, Dong Hwan
AU - Lee, Seong Chul
PY - 2002/12/1
Y1 - 2002/12/1
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=0042628297&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0042628297&partnerID=8YFLogxK
U2 - 10.1016/S1567-4223(02)00005-4
DO - 10.1016/S1567-4223(02)00005-4
M3 - Article
AN - SCOPUS:0042628297
VL - 1
SP - 41
EP - 56
JO - Electronic Commerce Research and Applications
JF - Electronic Commerce Research and Applications
SN - 1567-4223
IS - 1
ER -