Tech-Savvy on Board : Investigating the Impact of Board of Directors’ IT Professional Experiences on Firms’ IT Investment and Performance
Research output: Conference Papers (RGC: 31A, 31B, 32, 33) › 31A_Invited conference paper (refereed items) › Yes › peer-review
Author(s)
Related Research Unit(s)
Detail(s)
| Original language | English |
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| Publication status | Published - 8 Jul 2023 |
Conference
| Title | 2023 Pacific Asia Conference on Information Systems (PACIS 2023) |
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| Location | Shangri-La Hotel & Jiangxi University of Finance and Economics |
| Place | China |
| City | Nanchang |
| Period | 8 - 12 July 2023 |
Link(s)
| Document Link | |
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| Permanent Link | https://scholars.cityu.edu.hk/en/publications/publication(c1a8e155-fb39-48aa-b9e3-11f009e4b474).html |
Abstract
Our study investigates whether having directors with IT professional experiences on board impacts a firm’s IT investment growth and financial performance. We gather data from BoardEx, Compustat, and Harte-Hanks databases for S&P 1500 firms between 2011 and 2017. We include a rich set of controls and fixed effects in the analysis. We also employ a novel strategy to adjust for the remaining selection on unobservables. Our analysis shows that firms with tech-savvy directors have higher investment growth in different categories of IT including software, hardware, communication, and services. We also find these firms experience better performance measured by Tobin’s Q. The findings highlight the importance of board of directors in driving IT investment growth and firm performance.
Research Area(s)
- Board of directors, IT professional experiences, IT investment, firm performance
Bibliographic Note
Research Unit(s) information for this publication is provided by the author(s) concerned.
Citation Format(s)
Tech-Savvy on Board: Investigating the Impact of Board of Directors’ IT Professional Experiences on Firms’ IT Investment and Performance. / Liang, Zhewen; Liu, Ben.
2023. 2023 Pacific Asia Conference on Information Systems (PACIS 2023), Nanchang, China.
2023. 2023 Pacific Asia Conference on Information Systems (PACIS 2023), Nanchang, China.
Research output: Conference Papers (RGC: 31A, 31B, 32, 33) › 31A_Invited conference paper (refereed items) › Yes › peer-review
