CEO IT能力对银行贷款条件的影响

IF 7.3 2区管理学 Q1 COMPUTER SCIENCE, INFORMATION SYSTEMS

European Journal of Information Systems Pub Date : 2022-10-11 DOI:10.2308/isys-2021-020

Tracie Frost, C. He, Jiwon Nam, R. Pinsker

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引用次数: 1

摘要

虽然信息技术(IT)高管的专业知识对公司业绩的影响是有据可查的，但很少有实证研究调查非IT高管的IT能力对公司业绩的影响。我们运用上层梯队理论，创建了一个独特的衡量首席执行官(CEO) IT能力的方法，以实证研究其对银行贷款定价和非定价条款的影响。通过对2002年至2017年的公司样本进行研究，我们发现CEO的IT能力与较低的债务成本、较少的抵押品、较少的贷款契约和较少的信用评级下调有关。此外，我们表明，我们的结果不是由高科技公司驱动的，而是对公司级IT能力的增量。我们的研究结果扩展了上层梯次理论，并表明IT能力是CEO的重要特征，可以影响改善贷款结果。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The Impact of CEO IT Ability on Bank Loan Terms

While the role that information technology (IT) executives’ expertise has on firm outcomes is well-documented, little empirical work investigates the effect of the IT ability of non-IT executives on firm outcomes. We apply upper echelons theory and create a unique measure of Chief Executive Officer (CEO) IT ability to empirically investigate its impact on bank loan pricing and non-pricing terms. Examining a sample of firms between 2002 and 2017, we find that CEO IT ability is associated with lower cost of debt, less collateral, fewer loan covenants, and fewer credit ratings downgrades. Further, we show that our results are not driven by high tech firms and are incremental to firm-level IT capability. Our results extend upper echelons theory and suggest that IT ability is an important CEO characteristic that can be influential in improving lending outcomes.

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来源期刊

European Journal of Information Systems 工程技术-计算机：信息系统

CiteScore

23.10

自引率

4.20%

发文量

审稿时长

>12 weeks

期刊介绍： The European Journal of Information Systems offers a unique European perspective on the theory and practice of information systems for a global readership. We actively seek first-rate articles that offer a critical examination of information technology, covering its effects, development, implementation, strategy, management, and policy.