{"id":"https://openalex.org/W2164691399","doi":"https://doi.org/10.1080/07421222.2002.11045723","title":"The Shareholder-Wealth and Trading-Volume Effects of Information-Technology Infrastructure Investments","display_name":"The Shareholder-Wealth and Trading-Volume Effects of Information-Technology Infrastructure Investments","publication_year":2002,"publication_date":"2002-10-01","ids":{"openalex":"https://openalex.org/W2164691399","doi":"https://doi.org/10.1080/07421222.2002.11045723","mag":"2164691399"},"language":"en","primary_location":{"id":"doi:10.1080/07421222.2002.11045723","is_oa":false,"landing_page_url":"https://doi.org/10.1080/07421222.2002.11045723","pdf_url":null,"source":{"id":"https://openalex.org/S9954729","display_name":"Journal of Management Information Systems","issn_l":"0742-1222","issn":["0742-1222","1557-928X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management Information Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://digital.usfsp.edu/fac_publications/891","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5037429119","display_name":"Debabroto Chatterjee","orcid":null},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Debabroto Chatterjee","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"middle","author":{"id":"https://openalex.org/A5103913165","display_name":"Carl Pacini","orcid":null},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Carl Pacini","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5061657299","display_name":"V. Sambamurthy","orcid":"https://orcid.org/0000-0002-6600-1706"},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"V. Sambamurthy","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":16.1172,"has_fulltext":false,"cited_by_count":242,"citation_normalized_percentile":{"value":0.98690117,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":100},"biblio":{"volume":"19","issue":"2","first_page":"7","last_page":"42"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9961000084877014,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11976","display_name":"Capital Investment and Risk Analysis","score":0.9926999807357788,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11903","display_name":"Private Equity and Venture Capital","score":0.986299991607666,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/empirical-evidence","display_name":"Empirical evidence","score":0.5886498689651489},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.5749760866165161},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.5633417963981628},{"id":"https://openalex.org/keywords/investment","display_name":"Investment (military)","score":0.5449756979942322},{"id":"https://openalex.org/keywords/traditional-investments","display_name":"Traditional investments","score":0.506402850151062},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.5046118497848511},{"id":"https://openalex.org/keywords/event-study","display_name":"Event study","score":0.49042412638664246},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.4878111183643341},{"id":"https://openalex.org/keywords/revenue","display_name":"Revenue","score":0.4807707667350769},{"id":"https://openalex.org/keywords/shareholder","display_name":"Shareholder","score":0.4231705069541931},{"id":"https://openalex.org/keywords/empirical-research","display_name":"Empirical research","score":0.4198595881462097},{"id":"https://openalex.org/keywords/investment-strategy","display_name":"Investment strategy","score":0.4164295196533203},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3670617938041687},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.35339248180389404},{"id":"https://openalex.org/keywords/monetary-economics","display_name":"Monetary economics","score":0.3453982472419739},{"id":"https://openalex.org/keywords/industrial-organization","display_name":"Industrial organization","score":0.344593346118927},{"id":"https://openalex.org/keywords/corporate-governance","display_name":"Corporate governance","score":0.20994481444358826},{"id":"https://openalex.org/keywords/microeconomics","display_name":"Microeconomics","score":0.14421898126602173},{"id":"https://openalex.org/keywords/market-liquidity","display_name":"Market liquidity","score":0.09826734662055969}],"concepts":[{"id":"https://openalex.org/C166052673","wikidata":"https://www.wikidata.org/wiki/Q83021","display_name":"Empirical evidence","level":2,"score":0.5886498689651489},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5749760866165161},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5633417963981628},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.5449756979942322},{"id":"https://openalex.org/C3202273","wikidata":"https://www.wikidata.org/wiki/Q7832348","display_name":"Traditional investments","level":3,"score":0.506402850151062},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.5046118497848511},{"id":"https://openalex.org/C12958728","wikidata":"https://www.wikidata.org/wiki/Q1002530","display_name":"Event study","level":3,"score":0.49042412638664246},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.4878111183643341},{"id":"https://openalex.org/C195487862","wikidata":"https://www.wikidata.org/wiki/Q850210","display_name":"Revenue","level":2,"score":0.4807707667350769},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.4231705069541931},{"id":"https://openalex.org/C120936955","wikidata":"https://www.wikidata.org/wiki/Q2155640","display_name":"Empirical research","level":2,"score":0.4198595881462097},{"id":"https://openalex.org/C103144560","wikidata":"https://www.wikidata.org/wiki/Q2670999","display_name":"Investment strategy","level":3,"score":0.4164295196533203},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3670617938041687},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.35339248180389404},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3453982472419739},{"id":"https://openalex.org/C40700","wikidata":"https://www.wikidata.org/wiki/Q1411783","display_name":"Industrial organization","level":1,"score":0.344593346118927},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.20994481444358826},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.14421898126602173},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.09826734662055969},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":4,"locations":[{"id":"doi:10.1080/07421222.2002.11045723","is_oa":false,"landing_page_url":"https://doi.org/10.1080/07421222.2002.11045723","pdf_url":null,"source":{"id":"https://openalex.org/S9954729","display_name":"Journal of Management Information Systems","issn_l":"0742-1222","issn":["0742-1222","1557-928X"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310320547","host_organization_name":"Taylor & Francis","host_organization_lineage":["https://openalex.org/P4310320547"],"host_organization_lineage_names":["Taylor & Francis"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Management Information Systems","raw_type":"journal-article"},{"id":"pmh:oai:digital.usfsp.edu:fac_publications-1891","is_oa":true,"landing_page_url":"https://digital.usfsp.edu/fac_publications/891","pdf_url":null,"source":{"id":"https://openalex.org/S4377196272","display_name":"Digital Commons - University of South Florida (University of South Florida)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I2613432","host_organization_name":"University of South Florida","host_organization_lineage":["https://openalex.org/I2613432"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Faculty Publications","raw_type":"text"},{"id":"pmh:oai:digitalcommons.usf.edu:fac_publications-1891","is_oa":true,"landing_page_url":"https://digitalcommons.usf.edu/fac_publications/891","pdf_url":null,"source":{"id":"https://openalex.org/S4377196272","display_name":"Digital Commons - University of South Florida (University of South Florida)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I2613432","host_organization_name":"University of South Florida","host_organization_lineage":["https://openalex.org/I2613432"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"USF St. Petersburg campus Faculty Publications","raw_type":"text"},{"id":"pmh:oai:scholarcommons.usf.edu:fac_publications-1891","is_oa":true,"landing_page_url":"https://scholarcommons.usf.edu/fac_publications/891","pdf_url":null,"source":{"id":"https://openalex.org/S4377196272","display_name":"Digital Commons - University of South Florida (University of South Florida)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I2613432","host_organization_name":"University of South Florida","host_organization_lineage":["https://openalex.org/I2613432"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Faculty Publications","raw_type":"text"}],"best_oa_location":{"id":"pmh:oai:digital.usfsp.edu:fac_publications-1891","is_oa":true,"landing_page_url":"https://digital.usfsp.edu/fac_publications/891","pdf_url":null,"source":{"id":"https://openalex.org/S4377196272","display_name":"Digital Commons - University of South Florida (University of South Florida)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I2613432","host_organization_name":"University of South Florida","host_organization_lineage":["https://openalex.org/I2613432"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-nc-nd","license_id":"https://openalex.org/licenses/cc-by-nc-nd","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Faculty Publications","raw_type":"text"},"sustainable_development_goals":[{"display_name":"Industry, innovation and infrastructure","id":"https://metadata.un.org/sdg/9","score":0.6499999761581421}],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":60,"referenced_works":["https://openalex.org/W42705437","https://openalex.org/W81590756","https://openalex.org/W309246951","https://openalex.org/W434343112","https://openalex.org/W962033959","https://openalex.org/W1517602275","https://openalex.org/W1529981171","https://openalex.org/W1530355154","https://openalex.org/W1547879404","https://openalex.org/W1559170486","https://openalex.org/W1563323840","https://openalex.org/W1590165779","https://openalex.org/W1821518661","https://openalex.org/W1968148353","https://openalex.org/W1974343292","https://openalex.org/W1991355547","https://openalex.org/W1993981983","https://openalex.org/W1995082048","https://openalex.org/W2005701620","https://openalex.org/W2006988602","https://openalex.org/W2011263548","https://openalex.org/W2016378690","https://openalex.org/W2020970716","https://openalex.org/W2023796480","https://openalex.org/W2028513078","https://openalex.org/W2033910434","https://openalex.org/W2061621110","https://openalex.org/W2061977616","https://openalex.org/W2062478983","https://openalex.org/W2066778800","https://openalex.org/W2078838966","https://openalex.org/W2079374669","https://openalex.org/W2080448291","https://openalex.org/W2081068606","https://openalex.org/W2085067988","https://openalex.org/W2093235033","https://openalex.org/W2096878602","https://openalex.org/W2099840395","https://openalex.org/W2101359952","https://openalex.org/W2103088760","https://openalex.org/W2104123336","https://openalex.org/W2108795964","https://openalex.org/W2120268201","https://openalex.org/W2122224612","https://openalex.org/W2124326812","https://openalex.org/W2128778916","https://openalex.org/W2130917432","https://openalex.org/W2143465259","https://openalex.org/W2149408458","https://openalex.org/W2156613121","https://openalex.org/W2164304787","https://openalex.org/W2166215547","https://openalex.org/W2317250814","https://openalex.org/W2318728388","https://openalex.org/W2414594539","https://openalex.org/W3121131820","https://openalex.org/W3125860452","https://openalex.org/W3139197935","https://openalex.org/W3146494689","https://openalex.org/W3149772918"],"related_works":["https://openalex.org/W2038832692","https://openalex.org/W54181938","https://openalex.org/W3145567654","https://openalex.org/W3088767018","https://openalex.org/W3199823489","https://openalex.org/W3181775409","https://openalex.org/W3167341375","https://openalex.org/W4310222939","https://openalex.org/W2424590878","https://openalex.org/W3121726987"],"abstract_inverted_index":{"Despite":[0],"the":[1,14,30,54,92,152],"rising":[2],"tide":[3],"of":[4,16,35,87,154],"investments":[5,38,63,118,122,130,144,157],"in":[6,75,91,123,139,170],"information":[7],"technologies":[8],"(IT)":[9],"infrastructures,":[10],"empirical":[11,149],"evidence":[12,99,126,147],"about":[13],"effects":[15],"such":[17,81,117],"investment":[18,46,113],"moves":[19,47],"is":[20],"scarce.":[21],"Stock":[22],"market":[23,71],"investors":[24],"provide":[25],"one":[26],"appropriate":[27],"perspective":[28],"on":[29],"value-creation":[31],"and":[32,73,104,135,166],"growth":[33,165],"potential":[34,153],"IT":[36,44,61,88,111,124,155],"infrastructure":[37,45,62,89,112,129,156],"through":[39],"their":[40],"reactions":[41],"to":[42,58,158],"specific":[43],"by":[48],"business":[49,172],"firms.":[50,173],"This":[51],"research":[52,96],"utilizes":[53],"event-study":[55],"analysis":[56],"approach":[57],"examine":[59],"if":[60],"are":[64,108,119],"associated":[65,109],"with":[66,110,121],"significantly":[67],"positive":[68,101],"abnormal":[69,102],"stock":[70],"returns":[72,103,134],"rises":[74],"trading":[76,106,140],"volume":[77,107,141],"when":[78,116],"firms":[79],"announce":[80],"investments.":[82],"Drawing":[83],"upon":[84],"a":[85,136,162],"sample":[86],"announcements":[90],"early":[93],"1990s,":[94],"this":[95],"finds":[97],"significant":[98],"that":[100,128],"increased":[105],"announcements.":[114],"Further,":[115],"contrasted":[120],"applications,":[125],"exists":[127],"generate":[131],"greater":[132],"excess":[133],"larger":[137],"increase":[138],"than":[142],"applications":[143],"do.":[145],"The":[146],"provides":[148],"support":[150],"for":[151,164],"be":[159],"perceived":[160],"as":[161],"platform":[163],"revenue":[167],"generation":[168],"opportunities":[169],"contemporary":[171]},"counts_by_year":[{"year":2026,"cited_by_count":2},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":8},{"year":2023,"cited_by_count":9},{"year":2022,"cited_by_count":3},{"year":2021,"cited_by_count":10},{"year":2020,"cited_by_count":8},{"year":2019,"cited_by_count":5},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":14},{"year":2016,"cited_by_count":9},{"year":2015,"cited_by_count":6},{"year":2014,"cited_by_count":14},{"year":2013,"cited_by_count":15},{"year":2012,"cited_by_count":20}],"updated_date":"2026-07-29T09:40:50.615796","created_date":"2025-10-10T00:00:00"}
