The Impact of Artificial Intelligence Investment on Market Value: An Event Study

被引：0
|
作者：
Lui, Arid K. H. [1 ]
Lee, Maggie C. M. [2 ]
Ngai, Eric W. T. [2 ]
机构：
[1] Swinburne Univ Technol, Melbourne, Vic, Australia
[2] Hong Kong Polytech Univ, Hong Kong, Peoples R China
来源：
AMCIS 2020 PROCEEDINGS | 2020年
关键词：
Artificial intelligence (AI); event study; market value; contextual factors; TECHNOLOGY;
D O I：
暂无
中图分类号：
TP301 [理论、方法];
学科分类号：
081202 ;
摘要：
In recent decades, many firms have invested in artificial intelligence (AI) and used them in business applications across industries. However, understanding of the impact of AI on firm value is limited. In this study, 67 AI investment announcements of 42 listed firms were analyzed by adopting the event study methodology. Results reveal that AI investment has a negative impact on a firm's market value, as the stock price of the firms decreased by 1.77% on the day of the announcement. The result also shows that comparing with stable market environment, investors response more negatively to AI investment announcements under unstable market environment.
引用
收藏
页数：5
相关论文
共 50 条
  • [41] IT Services market as a driver for the development of the artificial intelligence market
    Konnikov, Evgenii
    Konnikova, Olga
    Leventsov, Valery
    INTERNATIONAL SCIENTIFIC CONFERENCE DIGITAL TRANSFORMATION ON MANUFACTURING, INFRASTRUCTURE AND SERVICE, 2019, 497
  • [42] Regulating Artificial Intelligence in International Investment Law
    McLaughlin, Mark
    JOURNAL OF WORLD INVESTMENT & TRADE, 2023, 24 (02): : 256 - 300
  • [43] Artificial Intelligence for Pharma: Time for Internal Investment
    Henstock, Peter V.
    TRENDS IN PHARMACOLOGICAL SCIENCES, 2019, 40 (08) : 543 - 546
  • [44] Artificial intelligence adoption in a competitive market
    Gans, Joshua S.
    ECONOMICA, 2023, 90 (358) : 690 - 705
  • [45] The Impact of Generative Artificial Intelligence on Education: A Comparative Study
    Elmourabit, Zohair
    Retbi, Asmaa
    El Faddouli, Nour-Eddine
    PROCEEDINGS OF THE 23RD EUROPEAN CONFERENCE ON E-LEARNING, ECEL 2024, 2024, 23/1 : 470 - 476
  • [46] Artificial intelligence adoption in a monopoly market
    Gans, Joshua S.
    MANAGERIAL AND DECISION ECONOMICS, 2023, 44 (02) : 1098 - 1106
  • [47] Sustainable development and investment in artificial intelligence in the USA
    Kirikkaleli, Dervis
    Aad, Samar
    Kirikkaleli, Nurdan Ozrecberoglu
    HUMANITIES & SOCIAL SCIENCES COMMUNICATIONS, 2025, 12 (01):
  • [48] The Adoption of Artificial Intelligence for Financial Investment Service
    Noonpakdee, Wasinee
    2020 22ND INTERNATIONAL CONFERENCE ON ADVANCED COMMUNICATION TECHNOLOGY (ICACT): DIGITAL SECURITY GLOBAL AGENDA FOR SAFE SOCIETY!, 2020, : 396 - 400
  • [49] The impact of active and passive investment on market efficiency: a simulation study
    Jaquart, Patrick
    Motz, Marvin
    Koehler, Lutz
    Weinhardt, Christof
    JOURNAL OF APPLIED ECONOMICS, 2023, 26 (01)
  • [50] The Economic Value and Clinical Impact of Artificial Intelligence in Healthcare: A Scoping Literature Review
    Jiao, Weiqi
    Zhang, Xuan
    D'Souza, Fabian
    IEEE ACCESS, 2023, 11 : 123445 - 123457
12345