3D Printing Technology and the Market Value of the Firm

3D printing, sometimes known as additive manufacturing or digital direct manufacturing, is an innovative manufacturing technology that has gained notoriety recently. However, despite the promising potential and popularity of the technology, there is not yet evidence of the shareholder value implicat...

Full description

Saved in:
Bibliographic Details
Published in:Information systems frontiers 2022-08, Vol.24 (4), p.1379-1392
Main Authors: Goldberg, David M., Deane, Jason K., Rakes, Terry R., Rees, Loren Paul
Format: Article
Language:English
Subjects:
3-D printers
Additive manufacturing
Advanced manufacturing technologies
Business and Management
CAD
Computer aided design
Control
Information systems
Investments
IT in Business
Management decisions
Management of Computing and Information Systems
Manufacturing
Market value
Mass production
Operations management
Operations Research/Decision Theory
Product design
Product development
Rapid prototyping
Securities markets
Stockholders
Supply chain management
Systems Theory
Technology
Three dimensional printing
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:3D printing, sometimes known as additive manufacturing or digital direct manufacturing, is an innovative manufacturing technology that has gained notoriety recently. However, despite the promising potential and popularity of the technology, there is not yet evidence of the shareholder value implications of firms’ commitments to 3D printing. In this paper, we assess the effects on shareholder wealth of 3D printing-related announcements for publicly traded firms from 2011 to 2017. We find that the stock market places significantly positive value on announcements associated with rapid prototyping or ad hoc customization applications, while the reaction to announcements related to the use of 3D printing technology for mass production was far less enthusiastic. For firms faced with the decision of whether to implement 3D printing in their manufacturing processes, our findings suggest that the market greatly values 3D printing in several important contexts, but the technology is not a universal panacea.
ISSN:1387-3326
1572-9419
DOI:10.1007/s10796-021-10143-7