DOI QR코드

DOI QR Code

An Empirical Study on the Correlation of IT Investment and Management Performance in the Financial Industry

금융산업에서 IT투자와 경영성과의 상관관계에 관한 실증적 연구

  • 박상국 (숭실대학교 IT정책경영학과) ;
  • 김종배 (숭실대학교 IT정책경영학과)
  • Received : 2012.07.24
  • Accepted : 2012.09.11
  • Published : 2012.09.30

Abstract

The study investigated if IT investment in Korean financial markets for the past 18 years has grown following the s-curve pattern based on Nolan's growth model in order to find the correlation between IT investment and management performance in the financial industry. According to the research finding it can be said that the overall financial markets maintain s-curve pattern, and IT investment is related to management performance, particularly increase in total assets and net profit. However, each sector has defining features of growth patterns. The banking industry has grown similarly to the s-curve, and the insurance industry also shows the s-curve but it looks more like linear pattern. In terms of securities industry, its growth patterns can hardly be considered s-curve due to the irregular changes. his research outcome illustrates the analysis of IT growth patterns in the financial industry and thus, it is expected to be a useful reference when deciding the appropriate time for IT investment in the financial industry.

Keywords

References

  1. 금융감독원, "금융통계월보", 금융통계정보시스템(http://fisis.fss.or.kr), 1999. 1-2012. 5.
  2. 김주헌, 황온경, "국제합작투자 파트너 특성-성과 관계에서의 신뢰의 매개 역할 :한국 내 외국계 합작기업의 경우", 국제경영연구, 제19권, 제4호(2008), pp.1-21.
  3. 박재석, 백경민, 정보화(IT) 투자가 우체국금융의 경영성과에 미치는 영향 분석, 연구보고서, 정보통신정책연구원, 2005.
  4. 안종길, 이명훈, 최창규, IT투자 확대와 은행 산업의 수익성간의 관계분석, 금융조사보고서, 한국금융연구원, 2005.
  5. 이경철, "정보시스템 발전단계 분석에 근거한 국내 호텔정보시스템 진단 : NOLAN의 단계모형 중심으로", 세종대학교, 박사학위논문 2007.
  6. 이명훈, 안종길, 최창규, 증권사 IT투자가 수익성에 미친 영향 분석, 연구보고서, 한국경제연구원, 2006.
  7. 이영수, 김동수, "은행산업에서 정보화 투자의 비용절감효과 분석", 한국금융학회, 제4권, 제2호(1999), pp.123-145.
  8. 정국환, 김혜정, 안중호, "IT성과의 시차적 효과 분석 사례 연구", 한국경영정보학회, 춘계학술대회, (2008), pp.827-832.
  9. 하규만(서울대학교), "국민총생산과 연구개발 투자비율의 상관관계에 관한 연구", 행정논총, 제39권, 제1호(2001), pp.203-221.
  10. 한국은행, 2010년도-금융정보화 추진현황, 1판, 한국은행 금융결제국(금융정보화추진협의회), 2011.
  11. Baily, M. N. and R. E. Hall, "Comments and Discussion", Brookings Paper on Economic Activity, Vol.2002, No.1(2002), pp.182-193. https://doi.org/10.1353/eca.2002.0001
  12. Brynjolfsson, E., "The Productivity of Information Technology", Communications of the ACM, Vol.36, No.12(1993), pp.67-77. https://doi.org/10.1145/153571.163272
  13. Cullen, J. B., J. L. Johnson, and T. Sakano, "Success through commitment and trust : The soft side of strategic alliance management", Journal of World Business, Vol.35, No.3(2000), pp.223-240. https://doi.org/10.1016/S1090-9516(00)00036-5
  14. Dedrick, J., V. Gurbaxani, K. L. Kraemer, "Information Technology and Economic Performance : A Critical Review of the Empirical Evidence", ACM Computing Survey, Vol.35, No.1(2003), pp.1-28. https://doi.org/10.1145/641865.641866
  15. Hu, Q. and R. Plant, "An Empirical Study of the Casual Relationship between IT Investment and Firm Performance", Information Resources Management Journal, Vol. 14, No.3(2001), pp.15-16.
  16. Hu, Q. and J. J. Quan, "Evaluating the Impact of IT Investments on Productivity : A Causal Analysis of Industry Level", International Journal of Information Management, Vol.25(2005), pp.39-53. https://doi.org/10.1016/j.ijinfomgt.2004.10.006
  17. Gibson, C. F. and R. L. Nolan, "Managing the Four Stages of EDP Growth", Harvard Business Review, (1974), p.76.
  18. Jurison, J., "Toward More Effective Management of Information Technology Benefits", Journal of Strategic Information Systems, Vol.5, No.4(1996), pp.263-274. https://doi.org/10.1016/S0963-8687(96)80029-1
  19. Kobelsky, K., V. J. Richardson, and R. W. Zmud, "Determinants of Budgeted Information Technology Expenditures", Proceedings of Twenty-Third International Conference on Information Systems, (2002), pp.459-468.
  20. Quinn, J. B. and M. N. Baily, "Information Technology:Increasing Productivity in Services", Academy of Management Executive, Vol.8, No.3(1994), pp.28-51.
  21. Richard, L. N., "Managing the Computer Resource:A stage Hypothesis", Communications of the ACM, Vol.16, No.7(1973), p. 400.

Cited by

  1. A Study on the Prospects of the Financial IT Services Industry using the Correlation Analysis of the IT Budget in the Financial Industry vol.12, pp.3, 2014, https://doi.org/10.14400/JDC.2014.12.3.55