The Value of Being Innovative in Information Technology

Abstract We developed this paper in order to better understand the effects of being innovative in the use of Information Technology (IT). Through a measure for listed companies that are innovative in IT use, we developed a quantitative analysis considering the investments made by institutional inves...

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Autores principales:	Malaquias,Rodrigo Fernandes, Albertin,Alberto Luiz
Lenguaje:	English
Publicado:	Universidad Alberto Hurtado. Facultad de Economía y Negocios 2018
Materias:	IT investments Latin America Stock Market Strategy Brazil
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242018000100003
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spelling	oai:scielo:S0718-272420180001000032018-05-22The Value of Being Innovative in Information TechnologyMalaquias,Rodrigo FernandesAlbertin,Alberto Luiz IT investments Latin America Stock Market Strategy Brazil Abstract We developed this paper in order to better understand the effects of being innovative in the use of Information Technology (IT). Through a measure for listed companies that are innovative in IT use, we developed a quantitative analysis considering the investments made by institutional investors in these companies. As institutional investors, the sample includes observations from 2,880 mutual funds, since managers of these funds are presumed to be experts in choosing good companies to invest financial resources. Regarding the companies’ stocks, the final sample of this study is comprised of 592 observations during the period from 2013 to 2015. The main result obtained in this paper indicates that “innovative companies in IT use” receive more investments from institutional investors when compared with the other firms. These results are robust to other variables presented by academic literature as relevant factors to understand resources allocation in financial market.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.13 n.1 20182018-05-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242018000100003en10.4067/S0718-27242018000100003
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	IT investments Latin America Stock Market Strategy Brazil
spellingShingle	IT investments Latin America Stock Market Strategy Brazil Malaquias,Rodrigo Fernandes Albertin,Alberto Luiz The Value of Being Innovative in Information Technology
description	Abstract We developed this paper in order to better understand the effects of being innovative in the use of Information Technology (IT). Through a measure for listed companies that are innovative in IT use, we developed a quantitative analysis considering the investments made by institutional investors in these companies. As institutional investors, the sample includes observations from 2,880 mutual funds, since managers of these funds are presumed to be experts in choosing good companies to invest financial resources. Regarding the companies’ stocks, the final sample of this study is comprised of 592 observations during the period from 2013 to 2015. The main result obtained in this paper indicates that “innovative companies in IT use” receive more investments from institutional investors when compared with the other firms. These results are robust to other variables presented by academic literature as relevant factors to understand resources allocation in financial market.
author	Malaquias,Rodrigo Fernandes Albertin,Alberto Luiz
author_facet	Malaquias,Rodrigo Fernandes Albertin,Alberto Luiz
author_sort	Malaquias,Rodrigo Fernandes
title	The Value of Being Innovative in Information Technology
title_short	The Value of Being Innovative in Information Technology
title_full	The Value of Being Innovative in Information Technology
title_fullStr	The Value of Being Innovative in Information Technology
title_full_unstemmed	The Value of Being Innovative in Information Technology
title_sort	value of being innovative in information technology
publisher	Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate	2018
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242018000100003
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The Value of Being Innovative in Information Technology

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