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Integrated long- and short- term valuation of IT innovation investments

Title data

Häckel, Björn ; Isakovic, Vasko ; Moser, Florian:
Integrated long- and short- term valuation of IT innovation investments.
In: Electronic Markets. Vol. 25 (2015) Issue 1 . - pp. 73-85.
ISSN 1422-8890

Official URL: Volltext

Abstract in another language

The growing need to innovate with IT requires well-founded analysis of IT innovation investments. However, the time lag between such investments and the realization of an uncertain long-term value contribution challenges companies because of a conflict between short-term corporate management and the desire to maximize the company’s long-term company value. Complexity, inexperience, and high outcome uncertainty also make IT innovation investments risky, particularly as the investments relate to existing hardware, software, and human resources, and can affect the processes, products, and services of nearly every business unit in a company. This paper proposes an integrated long- and short-term valuation approach that incorporates an IT innovation investment’s effect on the value of a company’s IT portfolio. The approach simultaneously accounts for risks and interdependencies, and uses sensitivity analysis in the context of an application example to provide research and practice recommendations.

Further data

Item Type: Article in a journal
Refereed: Yes
Keywords: IT innovation investment (valuation); IT portfolio (valuation); Decision support; Long- and short-term integrated valuation; Risk
Institutions of the University: Faculties > Faculty of Law, Business and Economics > Department of Business Administration
Research Institutions
Research Institutions > Affiliated Institutes
Research Institutions > Affiliated Institutes > Fraunhofer Project Group Business and Information Systems Engineering
Research Institutions > Affiliated Institutes > FIM Research Center Finance & Information Management
Faculties > Faculty of Law, Business and Economics
Result of work at the UBT: No
DDC Subjects: 000 Computer Science, information, general works > 004 Computer science
300 Social sciences > 330 Economics
Date Deposited: 12 Nov 2018 08:33
Last Modified: 14 Oct 2022 07:41