00000cab a22000003a 4500 UP-99796217611077335 Buklod 20231008001307.0 m |o d | ta 140124s xx d | ||r ||||| || DENGII eng Zhang, Lu Impact of ERP investment on company performance Evidence from manufacturing firms in China. June 2012 p.232 - 240 Information Technology (IT) investments, especially Enterprise Resource Planning (ERP) systems, are critical for the survival and development of companies. Therefore, understanding the impact of ERP investment is of great importance to managers and researchers. As a corporate performance indicator, Tobin's Q has some inherent advantages compared to other accounting indicators, and it can better reflect the contribution of ERP investment to company performance. This study employs multiple regression models to examine the impact of ERP investment on Tobin's Q. The sample consists of 126 manufacturing companies listed on the Shanghai and Shenzhen Stock Exchanges from 1999 to 2007. Empirical results show that in the first three years after ERP implementation, there is no significant change in Tobin's Q; however, in the fourth year, Tobin's Q increases significantly. The results indicate that, as a strategic long-term investment accompanied by large-scale business process reengineering and organizational learning, ERP implementation has time-lagged effects; nonetheless, it eventually produces significant benefits. Biological system modeling. Enterprise Resource Planning (ERP). Tobin's Q. Huang, Jinghua. Xu, Xin. Tsinghua Science and Technology 17, 3 (June 2012). FO Article