過去許多文獻已證實資訊科技（Information Technology, IT）投資與公司價值具有正向之關聯。由於現代科技發展迅速，IT投資對於金融業而言也愈來愈重要，因此本文以臺灣2008年至2019年上市櫃之金融業公司為研究樣本，探討金融機構IT投資與公司價值間之關係。本研究以Tobin's Q作為公司價值之衡量變數，以公司之IT相關資產衡量IT投資，實證結果發現IT投資金額與公司價值呈顯著正相關，IT投資成長率亦與公司價值呈顯著正相關。

In this paper, we examine the relationship between information technology (IT) investments and firm value in Taiwan's financial industry by using a sample from 2008 to 2019. We use Tobin's Q as the proxy for firm value and use financial institution's IT-related assets to measure IT investments. The results show that IT investments is significantly positively related to firm value in financial industry. In addition, the growth rate of IT investments is also significantly positively related to firm value in financial industry. To summarize, our results suggest that IT investments is beneficial to increase firm value.

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