Information Technology Investments and Stock Market Reaction: Evidence from Czech Republic, Hungary and Slovakia

Delina, Radoslav; Packová, Miroslava; Roztocki, Narcyz; Weistroffer, Heinz Roland

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

See all articles by Radoslav Delina

Narcyz Roztocki

State University of New York at New Paltz - School of Business

Heinz Roland Weistroffer

Virginia Commonwealth University (VCU) - School of Business

Date Written: September 17, 2013

Abstract

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

Suggested Citation: Suggested Citation

Delina, Radoslav and Packová, Miroslava and Roztocki, Narcyz and Weistroffer, Heinz Roland, Information Technology Investments and Stock Market Reaction: Evidence from Czech Republic, Hungary and Slovakia (September 17, 2013). 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., Available at SSRN: https://ssrn.com/abstract=2332365