Bamberg, Univ., kumulative Diss., 2014

This PhD thesis investigates the relationship between corporate IT capability and institutional investors from two different perspectives. From the first perspective, institutional investors influence companies in their strategies and objectives. From the second, IT capability has considerable firm-internal implications that increase future prospects and firm value, which in turn attracts certain investors. The empirical results illustrate significant differences in ownership structure for firms characterized by superior IT capability. Looking deeper into this phenomenon indicates that the development of a firm’s IT capability is related to subsequent changes in the ownership structure towards more long-term oriented institutional shareholders and vice versa. This dissertation contributes to the understanding of the firm-external influences of institutional investors as well as the capital market implications of firms’ IT capability.