Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor | Faculty of Business | en_US |
| dc.creator | Lam, Wai Leung | - |
| dc.identifier.uri | https://theses.lib.polyu.edu.hk/handle/200/13798 | - |
| dc.language | English | en_US |
| dc.publisher | Hong Kong Polytechnic University | en_US |
| dc.rights | All rights reserved | en_US |
| dc.title | Digital transformation and firm values : an empirical study | en_US |
| dcterms.abstract | In digitalization transformation journey, number of disruptive digital technologies are implemented in firm’s daily business operations and this trend has been accelerated since Covid-19. While the majority of academic studies have predominantly concentrated on qualitative discussions concerning the benefits, limitations, applications, and implementation of digital technologies, this research aims to empirically investigate the impact of digital technology implementation announcements on firm value, specifically in terms of stock price, through the lens of the Resource-Based View (RBV) theory. An event study was conducted involving 135 publicly listed firms in the United States over the period from 2011 to 2021. The findings indicate that announcements regarding the implementation of digital technology are significantly associated with positive abnormal returns in stock prices in these firms. Additionally, regression analysis reveals that firms within the manufacturing sector achieve enhancements in firm value following the implementation of digital technology. Conversely, high-tech firms experience negative effects on firm value after making the announcements. With the findings, theoretical and managerial implications are developed. | en_US |
| dcterms.extent | vii, 140 pages : color illustrations | en_US |
| dcterms.isPartOf | PolyU Electronic Theses | en_US |
| dcterms.issued | 2025 | en_US |
| dcterms.educationalLevel | D.B.A. | en_US |
| dcterms.educationalLevel | All Doctorate | en_US |
| dcterms.LCSH | Technological innovations -- Economic aspects | en_US |
| dcterms.LCSH | Stocks -- Prices | en_US |
| dcterms.LCSH | Corporations -- Valuation | en_US |
| dcterms.LCSH | Hong Kong Polytechnic University -- Dissertations | en_US |
| dcterms.accessRights | restricted access | en_US |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 8255.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 1.39 MB | Adobe PDF | View/Open |
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