Building on organizational learning theory, we seek to identify the performance effects of security investments that arise from previous failures or external regulatory pressure. This study focuses on the healthcare sector where legislation mandates breach disclosure and detailed data on security investments are available. Using a Cox proportional hazard model, we demonstrate that proactive sec...

Determining whether investments in information technology (IT) have beneficial effects on an organization is an area of research that continues to interest academics, managers, and investors. Our study contributes to this line of research by examining the effect of investments in IT on the risk profiles of a sample of companies. Additionally, we examine whether different types of IT investments...

In light of the growing relevance of customeroriented business strategies IT investments in the field of Customer Relationship Management have increased considerably. However, firms often could not realize sufficient returns on these IT investments. One major reason for this failure seems to be the lack of appropriate approaches to determine the economic impact of such investments ex ante. Ther...

This study investigates the effect of information technology (IT) investments on initial bond ratings and yield spreads for U.S. firms. The results indicate that the impact of IT investments on the bond ratings and yield spreads is different across industries, consistent with varying IT risks across industries. The findings suggest that credit-rating agencies and bond investors consider IT inve...