Principles of Information Economy and Impact of IT on Company’s Value-Added: A Cross-Industry Analysis
|Author:||Mgr. Adam Láníček|
|Year:||2015 - winter|
|Leaders:|| doc. Ing. Tomáš Cahlík CSc.
|Work type:|| Finance, Financial Markets and Banking
|Awards and prizes:|
|Abstract:||The industrial age was bound to end when the microprocessor was invented. Even though the
classical economic theory applies for today as well as for the 1960s, the last thirty years were
symptomatic by the change of the fundamental characteristics of the economy and
information technology plays a key role in this process. The aim of this thesis was to describe
the principles and micro- and macroeconomic phenomena present in the New Economy of
today, the challenges that the companies face in this environment and, finally, to conduct a
cross-industry analysis on the impact of IT on company’s performance, namely value-added.
The empirical results did not show any clear patterns among the industries and therefore no
significant relationship between the share of information technology assets of total assets and
company’s value-added could be proven. One of the reasons for that could be the technical
issues regarding the statistical measurement of IT which also remains the biggest challenge
for the researchers in this field.