Information Technology and Management

, Volume 20, Issue 4, pp 175–185 | Cite as

ERP investment and implementation between China and US: difference and enlightenment

  • Xiangbin Yan
  • Guang Yu
  • Peinan JiEmail author


The purpose of this paper is to study the impact of Chinese enterprises’ ERP investment and implementation on stock performance and financial performance and the differences between Chinese enterprises and American enterprises’ ERP investment as well as the differences between the smaller firms and larger firms’ ERP investment. The result indicates the performance of Chinese companies investing in ERP is better than American companies in both stock and profitability financial performance. When it comes to the different size firms, the result shows that smaller firms get more return on the stock market than larger firms after investing in ERP, while larger firms get more return on financial profitability than smaller firms. After enterprises invest in ERP, we find the increase of financial cost only in the implementation period for the full and smaller size sample, but not in the case of larger size firm sample.


ERP investment Chinese firms Developing country Differences 



This work was supported by the National Natural Science Foundation of China under Grant No.71531013; 71490720; 71401047.


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© Springer Science+Business Media, LLC, part of Springer Nature 2019

Authors and Affiliations

  1. 1.Donlinks School of Economics and ManagementUniversity of Science and Technology BeijingBeijingChina
  2. 2.School of ManagementHarbin Institute of TechnologyHarbinChina

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