Technology Management

Spath, Dieter; Renz, Karl-Christof; Seidenstricker, Sven

doi:10.1007/978-3-642-01293-8_8

Cited by 5 publications

(3 citation statements)

References 6 publications

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“…TM includes all activities that enterprises carry out to maintain and strengthen their technological competitiveness, including the development, adjustment and use of scientific and technological capabilities to create or improve products or services (Argote and Hora, 2017). It is an important means by which to achieve organizational strategic objectives and create corporate competitive advantages (Spath et al, 2009), which corresponds to an important stream of OM literature. Research shows that technology adoption is affected by multiple factors, such as company characteristics and strategic resources, and that these factors can affect the performance of a firm's technology adoption (Johnson, et al, 2007).…”

Section: Relationship Between Technology Adoption and Enterprise Perf...mentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Blockchain announcements and stock value: a technology management perspective

Liu

Wang

Jia

et al. 2022

IJOPM

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PurposeThis study aims to explore the impact of blockchain announcements on enterprises' stock market value.Design/methodology/approachBased on resource-based theory, this study constructs a complete framework of the impact mechanism of blockchain announcements on the stock price of the announcing firm using the data of 143 blockchain announcements. An event study methodology is used in this research, and the market model, market-adjusted model and Carhart four-factor model are used to estimate stock abnormal returns after the blockchain announcement; and the cross-sectional regression model is used to test the influencing factors.FindingsBlockchain announcements elicit a significantly positive market reaction on the release day. Compared to announcements not pertaining to technical innovation, blockchain technical innovation announcements exhibit a more positive market reaction towards the announcing companies. Strategic-level announcements exhibit a more positive market reaction than operational-level announcements. Enterprise characteristics, such as enterprise-scale and enterprise innovation ability, do not affect stock market reactions to blockchain announcements.Practical implicationsThe findings reveal the economic value of conducting blockchain activities in the Chinese stock market. Findings of this study can help managers understand the value of implementing blockchain activities in a different market environment and guide them on how to improve the market value of their enterprises through the active implementation of blockchain activities.Originality/valueTo the best of the authors’ knowledge, this is the first event study to focus solely on the value of pure blockchain announcements in an emerging market. This study considers multiple resource and capability factors that would influence blockchain technology adoption, improve the current understanding of how blockchain announcements affect corporate stock prices and provide directions for future comparative studies of market reactions to blockchain announcements in different stock markets.

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Section: Relationship Between Technology Adoption and Enterprise Perf...mentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Blockchain announcements and stock value: a technology management perspective

Liu

Wang

Jia

et al. 2022

IJOPM

View full text Add to dashboard Cite

show abstract

“…All strategic decisions should be transferred to concrete measures and daily operations. It is advisable to integrate technology management processes on all levels and to align them with existing business processes, resources and structures (Spath et al, 2009 Technology artefacts such as technology classifi cation, portfolio structure, or technology infrastructure are the usual outcomes of strategic technology management. All the technology elements of a technology system should be included in the technology infrastructure of a company.…”

Section: Strategic and Operative Technology Management Integration Asmentioning

confidence: 99%