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http://dx.doi.org/10.9716/KITS.2012.11.3.089

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

Park, Sang-Kook (숭실대학교 IT정책경영학과)
Kim, Jong-Bae (숭실대학교 IT정책경영학과)
Publication Information
Journal of Information Technology Services / v.11, no.3, 2012 , pp. 89-101 More about this Journal
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
Finance; IT; Investment; Nolan; Growth Theory; Management Performance;
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