This study provides a new perspective to the long-standing debate on the business value of IT. Advancing prior research on the internal perspectives of IT value creation, we take an external view and investigate the role of stock analysts in facilitating the market evaluation of firms’ IT investments. Stock analysts collect information about firms’ IT investments and provide informed recommenda...

Despite the important roles chief information officers (CIOs) play in developing information technology (IT) strategies and carrying out IT plans, prior research has not examined the impact of having a formal CIO position on IT investments and firm performance. Drawing on the upper echelons theory and using data from over 250 US firms over the 1999-2003 period, we address how a firm’s CIO posit...

This study investigated (1) the impact of time frames on the subjective values of time or the discounting function, the discounting operation, and the response strategy used in two tasks, (2) scale convergence across risky and riskless investments for time and the value of outcomes, (3) the effect of continuous and categorical response formats on the subjects’ judgments, and (4) the comparabili...

Many competitions require investment of nonrefundable resources, e.g., political campaigns, financial markets, sports or courting rituals. One contestant wins the prize for the invested amount, while all others forfeit their investments without receiving compensation. Frequently, contests are asymmetric, due to differing resources or prize valuations. This could lead weaker contestants to avoid...