Information Technology Investments and Stock Market Reaction: Evidence from Czech Republic, Hungary and Slovakia
Proceedings of the Second International Conference on ICT Management for Global Competitiveness and Economic Growth in Emerging Economies (ICTM 2013), Wroclaw, Poland, September 16-17, 2013.
8 Pages Posted: 29 Sep 2013
Date Written: September 17, 2013
This study examines stock market reactions to announcements of information technology investments in three transition economies: Czech Republic, Hungary, and Slovakia. Based on 95 investment announcements in the period 1998 to 2013, our study confirms some previously published results from a study conducted on Polish companies.
Keywords: Czech Republic, event studies, Hungary, information technology, Slovakia, stock market reaction, transition economies
JEL Classification: G00, G10, G14, L00
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