The new productivity paradox

被引：49

作者：

Anderson, MC ^{[1
]}

Banker, RD

Ravindran, S

机构：

[1] Univ Texas, Sch Management, Dallas, TX USA

[2] Arizona State Univ, Coll Business, Tempe, AZ 85287 USA

来源：

COMMUNICATIONS OF THE ACM | 2003年 / 46卷 / 03期

关键词：

D O I：

10.1145/636772.636776

中图分类号：

TP3 [计算技术、计算机技术];

学科分类号：

0812 ;

摘要：

An identification and evaluation of the possible explanations for the high market valuation of Y2K spending is presented. A market-valuation model is used to determine the valuation multiple on Y2K spending of the sample fortune 1000 firms on March 31, 1999. The multiple on Y2K spending of 62.10 for March 31, 1999 indicates that about $60 of firm value was associated with each $1 of Y2K spending. Due to the high costs of remediating and maintaining legacy systems, many companies were also found to use the Y2K opportunity to replace an existing cluster of legacy systems with an enterprise resource planning (ERP) system integrating various internal applications through a common data base.

引用

页码：91 / 94

页数：4

共 12 条

[1] Value-relevance of nonfinancial information: The wireless communications industry [J].