Open Access Open Access  Restricted Access Subscription or Fee Access

A Theoretical Review of Information Technology as Capital Goods


(*) Corresponding author


Authors' affiliations


DOI: https://doi.org/10.15866/irecos.v16i1.21541

Abstract


This paper attempt to present theoretical discussion related to information technology (IT) growth and its economic impact towards profitability to financial institutions. Classical theories, production and management theories and profit and profitability theories in relation to IT were discussed.
Copyright © 2021 Praise Worthy Prize - All rights reserved.

Keywords


Capital Goods; Embodied or Disembodied Knowledge; IT Evolution; Disequilibrium Profit; Compensatory Profit

Full Text:

PDF


References


G. T. Silvestri, Occupational Employment to 2005, Monthly Labor Review, November, (1995) pp. 82 - 88.

B. Budd, C. R. Budd, Does Efficiency Matter When Profits Are High? International Economics and Finance Journal, vol.2 n. 1, (2007).

N. Kaldor, A model of Economic Growth. The Economic Journal, (1957), pp. 591 - 624.

H. Baetjer, Software as Capital: An Economic Perspective on Software Engineering (Los Alamitos, California: IEEE Computer Society, 1998).

L. M. Lachmann, Capital and its Structures (Kansas City: Sheed Andrews and McMeel, 1978).

P. Bourdieu, The Forms of Capital. English version, translated by Richard, N. in Richardson, J. E. (Ed.), Handbook for Theory and Research for the Sociology of Education, (Greenwood Press, 1986, 241 - 258).

P. Bourdieu, The State Nobility. English version, translated by Lauretta C. C., foreword by Loic, J. D., 1996, Retrieved (2012) from http://www.sup.org/book.cgi?book_id=17783346.

Emmison, M. and Frow, J., Information Technology as Cultural Capital. Australian Universities Review, vol. 1, 1998, pp. 41 - 45.

O. O. Adeosun, T. H. Adeosun, I. A. Adetunde, Strategic Application of Information and Communication Technology for Effective Service Delivery in Banking Industry. Journal of Social Sciences, vol. 5 n. 1, 2009, pp. 47 - 51.

E. A. Oghenerukeybe, Customers Perception of Security Indicators in Online Banking Sites in Nigeria. Journal of Internet Banking and Commerce, vol. 14 n.1, (2009, pp. 1 - 15.

E. Bohm-Bawerk, [1889] Capital and Interest. 3 vols. (Trans. G. D. Huncke and H. F. Sennholz) (South Holland, Illinois: Libertarian Press, 1959).

H. Baetjer, Capital as Embodied Knowledge: Some Implications for the Theory of Economic Growth. Review of Austrian Economics, vol. 13, 2000, pp. 147 - 174.

C. Menger, Principles of Economics. (New York: New York University Press, 1981).

G. E. Ekata, The IT Productivity Paradox: Evidence from the Nigerian Banking Industry. Electronic Journal on Information Systems in Developing Countries, vol. 51 n. 4, 2012, pp. 1 - 22.

F. A. Hayek, The Pure Theory of Capital. (Chicago: University of Chicago Press, 1941).

M. Rothschild, Bionomics. (New York: Henry Holt, 1990).

P. Lewin, Software as Capital: An Economic Perspective on Software Engineering by H. Baetjer (1998). Review of Austrian Economics, vol. 12, 1999, pp. 101 - 103.

F. A. Hayek, "The Maintenance of Capital". Profits, Interest and Investment (London: Routledge and Sons, 1935).

L. M. Lachmann, The Market as an Economic Process. (New York: Basil Blackwell, 1986).

R. M. Solow, Growth Theory: an Exposition. (Oxford: Clarendon, 1970).

P. M. Romer, Endo generous Technological Change. American Economic Review, vol. 80 n. 2, 1990a.

R. R. Nelson, S. G. Winter, An Evolutionary Theory of Economic Change (Cambridge: Harvard University Press, 1982).

J. Ward, Principles of Information Systems management (London: Routledge, 1995).

M. E. Porter, Strategy and the Internet. Harvard Business Review, vol. 79 n. 3, (2001), pp. 63-78.

D. Amor, Introduction to Internet Business, 2001. Retrieved (2012) from http://www.informit.com/articles/article.aspx?p=165183&seqNum=3

L. J. Heinrich, Information's management, 7th edition (Munich: Oldenbourg, 2002).

C. Wiseman, Strategy and Computers: Information Systems as Competitive Waepons (Dow Jones-Irwin, 1985).

M. Graham, Warped Geographies of Development: The Internet and Theories of Economic Development, 2008. Retrieved (2012) from http://geospace.co.uk/files/compass.pdf

M. E. Porter, Competitive Advantage: Creating and Sustaining Superior Performance. (London: Collier Macmillan, 1985).

T. W. Malone, J. Yates, R. I. Benjamin, "Electronic Markets and Electronic Hierarchies," Communications of the ACM, vol. 30 n. 6, 1987, pp. 484 - 497.

R. O'Brien, Global Financial Integration: The End of Geography (New York: Council on Foreign Relations Press, 1992).

F. Cairncross, The Death of Distance: How the Communications Revolution will Change our Lives (Cambridge, MA: Harvard Business School Press, 1997).

E. M. Daniel, D. J. Grimshaw , An exploratory comparison of electronic commerce adoption in large and small enterprises. Journal of Information Technology, vol. 17 n. 1, 2002, pp. 133-147.

J. Hamill, and K. Gregory, Internet Marketing in the Internationalisation of UK SMEs. Journal of Marketing Management, vol. 13, 1997, pp. 9-28.

C. Kim, R. Mauborgne, Creating the New Market Space. Harvard Business Review, vol. 77, 1999, pp. 83-93.

M. O'Keefe, G. O'Connor, J. Kung, Early Adopters of the Web as a Retail Medium: Small Company Winners and Losers. European Journal of Marketing, vol. 32, 1998, pp. 629-643.

S. Poon, C. Swatman, An Exploratory Study of Small Business Internet Commerce Issues. Journal of Information and Management, vol. 35, 1999, pp. 9-18.

J. Sushil, S. Leon, Integrity and Internal Control on Information Systems VI ( Springer Publishing Ltd, 2004).

T. Boczko, Corporate Accounting Information Systems (Financial Times Press, 2007).

M. Gertz, Integrity and Internal Control in Information Systems. (Springer Publishing Ltd., 2003).

P. H. Basset, Computerized Accounts, 3rd edition (Manchester: NCC Blackwell, 1993).

E. Ngain, A. Gunasekaran, RFID Adoption: Issues and Challenges. International Journal of Enterprise Information Systems, vol. 5 n. 1, 2009, pp. 2-8

D. N. Dwivedi, Managerial Economics, 6th Edition (New Delhi. Vikas Publishing House Ltd., 2002).

W. W. Pyle, D. L. Kermit, Fundamental Accounting Principles. (Homewood, Illinois: Richard D. Irwin, 1981, ISBN 0-256-02386-7).

T. Salmi, I. Virtanen, Measuring the Long-Run Profitability of the Firm; A Simulation Evaluation of the Financial Statement Based IRR Estimation Methods. Acta Wasaensia, n. 54, 1997, University of Vaasa, Finland.

M. Hirschey, Managerial Economics, 12th Edition, (South-Western Cengage Learning, 5191 Natorp Boulevard Mason, OH45040, USA, 2008).


Refbacks

  • There are currently no refbacks.


Please send any question about this web site to info@praiseworthyprize.com
Copyright © 2005-2024 Praise Worthy Prize