Will eChannel additions increase the financial performance of the firm?—The evidence from Taiwan |
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Authors: | Julian Ming-Sung Cheng [Author Vitae] Show-Ming Tsao [Author Vitae] Wen-Hsien Tsai [Author Vitae] Hill H-J Tu [Author Vitae] |
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Institution: | a Department of Business Administration, National Central University, No. 300, Chung-Ta Rd., Chung-Li City, Tauyon County, 32001 Taiwan b Information Management Department, Yu-Da College of Business, No. 168, Hsueh-Fu Rd., Tanwen Village, Chaochiao Township, MiaoLi County, 361 Taiwan |
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Abstract: | The emergence of the Internet has forced firms to add eChannels to their existing channel system. Nevertheless, empirical studies failed to provide direct evidence on whether eChannel addition could enhance the financial performance of the firm. In this research, an attempt was made to fill in this literature gap from three financial measure perspectives, i.e., Event Study methodology, Economic Value Added (EVA) measure and Market Value Added (MVA) measure. Empirical data were collected from Taiwan's financial service sector. The finding revealed that eChannel addition announcement could increase a firm's accumulative abnormal returns, EVA value and MVA value. We therefore concluded that eChannel addition could help increase the financial performance of the firm. |
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Keywords: | eChannel Internet channel Event study Economic value added Market value added |
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