According to W. Edwards Deming, American companies require nothing less than a transformation of management style and of governmental relations with industry. In Out of the Crisis, originally published in 1982, Deming offers a theory of management based on his famous 14 Points for Management. Management's failure to plan for the future, he claims, brings about loss of market, which brings about loss of jobs. Management must be judged not only by the quarterly dividend, but by innovative plans to stay in business, protect investment, ensure future dividends, and provide more jobs through improved product and service. In simple, direct language, he explains the principles of management transformation and how to apply them.

Out of the Crisis

计量经济分析 = Econometric analysis

The resource-based view of the firm attributes superior financial performance to organizational resources and capabilities. This paper develops the concept of IT as an organizational capability and empirically examines the association between IT capability and firm performance. Firm specific IT resources are classified as IT infrastructure, human IT resources, and IT-enabled intangibles. A matched-sample comparison group methodology and publicly available ratings are used to assess IT capability and firm performance. Results indicate that firms with high IT capability tend to outperform a control sample of firms on a variety of profit and cost-based performance measures.

A resource-based perspective on information technology capability and firm performance: an empirical investigation

Offering a unifying theoretical perspective not readily available in any other text, this innovative guide to econometrics uses simple geometrical arguments to develop students' intuitive understanding of basic and advanced topics, emphasizing throughout the practical applications of modern theory and nonlinear techniques of estimation. One theme of the text is the use of artificial regressions for estimation, reference, and specification testing of nonlinear models, including diagnostic tests for parameter constancy, serial correlation, heteroscedasticity, and other types of mis-specification. Explaining how estimates can be obtained and tests can be carried out, the authors go beyond a mere algebraic description to one that can be easily translated into the commands of a standard econometric software package. Covering an unprecedented range of problems with a consistent emphasis on those that arise in applied work, this accessible and coherent guide to the most vital topics in econometrics today is indispensable for advanced students of econometrics and students of statistics interested in regression and related topics. It will also suit practising econometricians who want to update their skills. Flexibly designed to accommodate a variety of course levels, it offers both complete coverage of the basic material and separate chapters on areas of specialized interest.

Estimation and Inference in Econometrics

The 2008 crash has left all the established economic doctrines - equilibrium models, real business cycles, disequilibria models - in disarray. Part of the problem is due to Smith’s "veil of ignorance": individuals unknowingly pursue society’s interest and, as a result, have no clue as to the macroeconomic effects of their actions: witness the Keynes and Leontief multipliers, the concept of value added, fiat money, Engel’s law and technical progress, to name but a few of the macrofoundations of microeconomics. A good viewpoint to take bearings anew lies in comparing the post-Great Depression institutions with those emerging from Thatcher and Reagan’s economic policies: deregulation, exogenous vs. endoge- nous money, shadow banking vs. Volcker’s Rule. Very simply, the banks, whose lending determined deposits after Roosevelt, and were a public service became private enterprises whose deposits determine lending. These underlay the great moderation preceding 2006, and the subsequent crash.

The Economic Institutions of Capitalism

DISAGGREGATING THE CENTER FOR RESEARCH ON INFORMATION TECHNOLOGY AND ORGANIZATIONS University of California, Irvine 3200 Berkeley Place Irvine, California 92697-4650 and Graduate School of Management University of California, Irvine Email: Vgurbaxa@uci.edu, Npmelvil@uci.edu and Kkraemer@uci.edu AUTHORS: Vijay Gurbaxani Nigel Melville Kenneth Kraemer RETURN ON INVESTMENT TO IT CAPITAL SEPTEMBER 11, 1998 Acknowledgement: This research has been supported by grants from the CISE/IIS/CSS Division of the U.S. National Science Foundation and the NSF Industry/University Cooperative Research Center (CISE/EEC) to the Center for Research on Information Technology and Organizations (CRITO) at the University of California, Irvine. Industry sponsors include: ATL Products, the Boeing Company, Bristol-Myers Squibb, Canon Information Systems, IBM, Nortel Networks, Rockwell International, Microsoft, Seagate Technology, Sun Microsystems, and Systems Management Specialists (SMS).

Disaggregating the return on investment to IT capital

Author(s): Kling, Rob; Kraemer, Kenneth L.; Allen, Jonathan; Bakos, Yannis; Gurbaxani, Viijay; King, John L.

/pdf/information-systems-in-manufacturing-coordination-economic-3sm15z36ux.pdf

Information systems in manufacturing coordination: economic and social perspectives

INFORMATION SYSTEMS IN MANUFACTURING COORDINATION: ECONOMIC AND SOCIAL PERSPECTIVES Working Paper #AIM-002 Rob Kling, Kenneth L. Kraemer, Jonathan Allen, Yannis Bakos, Vijay Gurbaxani, and John King Center for Research on Information Technology and Organizations (CRITO) Graduate School of Management and Department of Information and Computer Science University of California, Irvine

Information Systems in Manufacturing Coordination: Economic and Social Perspectives

Empirical research on the contribution of IT to firm performance has yielded contradictory and inconclusive findings. Many of these studies used firm-level output, which while useful, provide only a limited understanding of the dynamic process behind the creation and measurement of business value. Processoriented research has been proposed as a possible solution to this predicament. Using a process-oriented framework proposed by Mooney, Gurbaxani and Kraemer (1995), this study indicates, through structural equation modeling, how the impact of IT on intermediate business processes can be used to measure IT business value.

/pdf/a-multi-dimensional-assessment-of-the-contribution-of-4sffwxfzls.pdf

A Multi-dimensional Assessment of the Contribution of Information Technology to Firm Performance.

Collopy, Adya and Armstrong 1994 CAA advocate the use of atheoretical "black box" extrapolation techniques to forecast information systems spending. In this paper, we contrast this approach with the positive modeling approach of Gurbaxani and Mendelson 1990, where the primary focus is on explanation based on economics and innovation diffusion theory. We argue that the objectives and premises of extrapolation techniques are so fundamentally different from those of positive modeling that the evaluation of positive models using the criteria of "black box" forecasting approaches is inadequate. We further show that even if one were to accept CAA's premises, their results are still inferior. Our results refute CAA's claim that linear trend extrapolations are appropriate for forecasting future IS spending and demonstrate the risks of ignoring the guidance of theory.

/pdf/research-report-modeling-vs-forecasting-the-case-of-4lnohwdwu9.pdf

Vijay Gurbaxani

Papers

Disaggregating the return on investment to IT capital

Information systems in manufacturing coordination: economic and social perspectives

Information Systems in Manufacturing Coordination: Economic and Social Perspectives

A Multi-dimensional Assessment of the Contribution of Information Technology to Firm Performance.

Research Report-Modeling vs. Forecasting: The Case of Information Systems Spending