Previous research has shown that investments in intangible assets, especially research and development, can increase the difficulty in forecasting a company's earnings. This information risk translates into a lower market value for the firm. Because IT investments have many intangible...

Understanding the return on investments in information technology is the focus of a large and growing body of research. In this paper, we develop an overall framework for understanding the research on the relation between information technology investments and accounting or market measures of...