This text draws on organizational research, information technology research, and research in information economics to develop an empirical basis for the integration of the three disciplines. It investigates information technology management based on theoretical foundations of information economics, examines the chief information officer phenomenon and identifies the factors that lead organizations to create such a position, and analyzes organizational and managerial motivations leading to investment in information technology. Karake concludes that the way information technology is managed and the magnitude of investment in such technology depends on the organization ownership structure, that the ownership structure is a determinant of the degree of control information managers exercise, and that there is a significant relationship between the size and composition of boards of directors and the management of and investment in information technology. This study should be of interest to students, researchers, and practitioners of information technology management and information technology performance.