Event Studies in Information Systems Research: A Review

Abstract

Event studies, which look at stock market reactions to assess corporate business events, represent a relatively new research approach in the information systems field. In this paper we present a systematic review of thirty event studies related to information technology. After a brief discussion of each of the papers included in our review, we call attention to several limitations of the published studies and propose possible future research avenues.

Keywords: Event studies, literature review, investments in IT, productivity of IT, IT outsourcing, IT security