EXAMINING THE SHAREHOLDER WEALTH EFFECT OF ANNOUNCEMENTS OF NEWLY CREATED CIO POSITIONS.

Author List: Chatterje, Debabroto; Richardson, Vernon J.; W., Zmudm Robert;
MIS Quarterly, 2001, Volume 25, Issue 1, Page 1/1/2017.
In this paper, the authors propose that firms signal their intention to get serious about managing their information technology (IT) capability by announcing that they have created and filed a new chief information officer (CIO) position. These announcements, one might argue, let shareholders know that the firm intends to take its IT capabilities up a notch; for example, to improve the firm's ability to deliver high quality, low cost IT services, to manage relationships among providers and consumers of technology, to align business and technology strategies and tactics, or to do all of these things. Accordingly shareholders should put a higher value on the firm's common stock. We hope you will not miss the bottom line of the paper: it does not seem seem to make a difference whether the new CIO is an internal or external hire. What matters is that the firm has signaled an intention to invest in its capability to manage and deploy IT.
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#59 0.241 capabilities capability firm firms performance resources business information technology firm's resource-based competitive it-enabled view study value infrastructure results organizational model
#179 0.175 technologies technology new findings efficiency deployed common implications engineers conversion change transformational opportunity deployment make making improve powerful choosing enhance
#123 0.142 information strategy strategic technology management systems competitive executives role cio chief senior executive cios sis support organization officer position ceos
#176 0.106 e-commerce value returns initiatives market study announcements stock event abnormal companies significant growth positive using methodology investments period time initiative
#10 0.066 strategies strategy based effort paper different findings approach suggest useful choice specific attributes explain effective affect employ particular online control
#112 0.058 services service network effects optimal online pricing strategies model provider provide externalities providing base providers fee complementary demand offer derive