ESRI Discussion Paper Series No.263
Information technology pays off:
Firm-level evidence among reformers in Japan, the U.S., Germany, and Korea

Professor, Kyushu University(Visiting Research Fellow, Economic and Social Research Institute, Cabinet Office)
Yasumoto SATO
Researcher, InfoCom Research, Inc.

The full text is written in Japanese.


In this paper we conduct an international comparison about the effective outcome of investment in information technology and corresponding corporate reforms. Based on an international survey of 18,500 firms in Japan, the United States, Germany, and South Korea, we divide effective respondent of 1,260 firms into two groups, i.e., reformers and non-reformers, and then conduct multiple comparisons respectively. This analysis revealed that in the non-reformer group Japan is considerably behind among four countries but not or far less behind in the reformer group. In other words, Japanese firms are not outliers among reformers. Thus, it is suggested that the investment in information technology pays off even in Japanese firms if they execute drastic corporate reforms.

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