Earticle

초록

영어

This research investigates the economic impact of remote work policies following the COVID-19 pandemic, and whether remote work created or destroyed value. It delineates the shift from traditional office work to remote work, highlighting economic challenges presented by decreased collaboration, diminished corporate culture, and potential losses in productivity. The research employed an event study methodology to examine 33 companies implementing remote work policies post-COVID-19. Of these, 22 showed statistically significant results, with 12 increasing firm value and 10 experiencing a decline. Companies that succeeded in enhancing value shared key factors, such as robust digital infrastructure, flexible work policies, strong leadership, and continuous employee support. These strategies improved collaboration and productivity while reducing operational costs. Conversely, unsuccessful remote work programs struggled with diminished collaboration, disengaged employees, and operational inefficiencies. Common problems included rapid transition without sufficient infrastructure, cybersecurity risks, and investor skepticism. Research findings showed that while some companies successfully created value through robust digital infrastructure, flexibility, and strong leadership, others saw a decline in value due to rapid transitions, loss of innovation, and poor management of remote work logistics. These failures highlight the need for well-planned remote work strategies.

목차

ABSTRACT
Ⅰ. Introduction
Ⅱ. Prior Literature
Ⅲ. Methodology
3.1. Sample and Event Definition
3.2. Event Window and Market Model
3.3. Statistical Analysis
Ⅳ. Results
4.1. Factors Associated with Value Creation
4.2. Factors Associated with Value Destruction
Ⅴ. Implications of the Findings for the Theoretical Framework
5.1. Connecting Findings to the Theoretical Framework
5.2. A Comparative Analysis of Divergent Outcomes
5.3. Implications for Practice and Long-Term Value
Ⅵ. Conclusions
6.1. The Current Paper’s Contribution to IS Literature
6.2. Limitations and Future Research

Appendices on Events and CAR for Event Studies in this Paper

저자

• J. Christopher Westland [ Professor, Information & Decision Sciences, University of Illinois - Chicago, USA ] Corresponding Author

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