DocumentCode
1651369
Title
Notice of Retraction
Analysis on inefficient ERP investment based on Behavioral Finance
Author
Yu, Tao ; Sun, Yuan
Author_Institution
Department of Finance Renmin University of China Beijing, China
fYear
2011
Firstpage
1
Lastpage
4
Abstract
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Lots of domestic enterprises invested huge fund in ERP implementation, however couldn´t get expected return. This article analyzes the reasons of inefficient ERP implementation using the new approach of Prospect Theory from the perspective of Behavioral Finance. It finds out that over-high expectation on advantages taken by IT leads to enterprises vision of inefficiency during ERP implementation; herd behavior driven by crowd mentality is the key reason for inefficient investment on ERP implementation.
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Lots of domestic enterprises invested huge fund in ERP implementation, however couldn´t get expected return. This article analyzes the reasons of inefficient ERP implementation using the new approach of Prospect Theory from the perspective of Behavioral Finance. It finds out that over-high expectation on advantages taken by IT leads to enterprises vision of inefficiency during ERP implementation; herd behavior driven by crowd mentality is the key reason for inefficient investment on ERP implementation.
Keywords
Electronic mail; Europe; Finance; Information systems; Investments; Sun; ERP; behavioral finance; herd behaviors; investment efficiency; prospect theory;
fLanguage
English
Publisher
ieee
Conference_Titel
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location
Shanghai, China
Print_ISBN
978-1-4244-8691-5
Type
conf
DOI
10.1109/ICEBEG.2011.5882316
Filename
5882316
Link To Document