Browsing by Author "Lowry, Michelle Rene"

Now showing 1 - 3 of 3
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    Achieving strategic alignment between business and information technology with information technology governance: the role of commitment to principles and Top Leadership Support
    Lowry, Michelle Rene; Lowry, Paul Benjamin; Chatterjee, Sutirtha; Moody, Gregory D.; Richardson, Vernon J. (Taylor & Francis, 2024-08-25)
    IT governance (ITG) is crucial in achieving IT strategic alignment, but many organizations find this to be an elusive goal. We thus expand ITG into two components: ITG mechanisms and ITG principles. We propose that beyond the mere option of ITG mechanisms, organizations must fully embrace the broader “spirit” of ITG, which occurs when an organization is committed to ITG principles coupled with top leadership support. To test our theorization, we first developed and validated two new measures. We used the ITG framework of COBIT to create a measure of commitment to COBIT principles (CCP), and we found that CCP fully mediates ITG mechanisms’ relationship with strategic alignment. We thus illuminate a missing link between adopting ITG mechanisms and achieving strategic alignment by demonstrating the need to focus on ITG principles. We show that top leadership support for IT, including support at the board level, not only enhances CCP but also directly contributes to improved strategic alignment. Our study establishes that adopting ITG mechanisms is necessary but insufficient for achieving strategic alignment. Effective organizations go beyond implementing isolated ITG mechanisms; they fully embrace integrated COBIT-based principles, guided by a strong infusion of top leadership support, including board-level support.
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    An Examination of the Audit Implications of Third-Party Risk
    Filosa, Jessica Rose (Virginia Tech, 2024-05-23)
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    Institutional Investor Cliques Information Dissemination, and the Value of Information: Evidence from Insider Trading
    Zhang, Zhenyu (Virginia Tech, 2023-04-19)
    I analyze the relationship between insider trading outcomes and insiders' information environment within a network. While most existing studies rely on one dimension of commonality (e.g., personal ties, professional ties, geographic proximity) to construct the social network, I document the formation of the institutional investor groups (cliques) that exogenously connect firm-level insiders within the social network. Using difference-in-differences designs examining changes in clique size, I provide empirical evidence on the information dissemination channels within a network in which its members are quasi-randomly selected. Insider transactions in larger cliques exhibit lower abnormal trading profits, higher level of trading frequency, and larger amount of trade size, suggesting information dissemination is increasing in clique size. Then, I provide empirical evidence that the association between the value of information and the information dissemination rate is monotonic, consistent with prior theoretical studies.