Notice of RetractionAnalysis on inefficient ERP investment based on Behavioral Finance

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Lots of domestic enterprises invested huge fund in ERP implementation, however couldn´t get expected return. This article analyzes the reasons of inefficient ERP implementation using the new approach of Prospect Theory from the perspective of Behavioral Finance. It finds out that over-high expectation on advantages taken by IT leads to enterprises vision of inefficiency during ERP implementation; herd behavior driven by crowd mentality is the key reason for inefficient investment on ERP implementation.