We analyze how buyers use electronic channels to shift their purchases across geographic locations and the corresponding implications for geographic price variance and levels. Using data from the wholesale used vehicle market from 2003 to 2008, we find that buyers are more sensitive to price and less sensitive to distance when purchasing via an electronic channel than via the physical channel. ...

The concealment of unauthorised trading by authorised users can deplete shareholders assets, devastate a company irrevocably and leave executives legally exposed if they have not taken relevant measures to ensure the security and integrity of corporate information resources. Thus, this paper exemplifies the workflow of an e-banking activity, the e-trading, and shows that integrity drifts are a ...

This contribution analyzes MIMO and LCD metrics for measuring frame delay in ATM networks.

While prior research has examined customer satisfaction in retailing and e-commerce settings, online trading services has received little research attention. To understand customer satisfaction better in this fast-growing service, we investigated the role of flow experience, a sensation that occurs with significant cognitive involvement in the online trading process. We focused on experience cl...

Using a unique data set from the electronic trading platform Euro-MTS, we consider what is the ‘benchmark’ in the new euro-denominated government bond market. Consistent with recent theoretical developments we believe that benchmark status can be associated with characteristics of the price discovery process, and we use the concept of Irreducibility of Cointegrating Relations among bond yields ...

Who will be the third party registry, the government or private industry? The CA in Japan is established by the Japanese government. And even in US, EFT (Electronic Fund Transfer) which is a method for transferring money automatically by computer during e-commerce transactions is run by the Automated Clearing House which is closely associated with the Federal Reserve Bank of US (Lieberman, 1997...

The differences between ECNs and Nasdaq market makers are used to formulate and test several hypotheses about the choice of trading venue and the importance of ECN trades in the price discovery process. Trades are more likely to occur on ECNs when spreads are narrow and when trading volume and stock-return volatility are high. Medium and large trades on ECNs have lower effective spreads than co...

Die Dissertation stellt zum einen eine Theorie der Wissensteilung vor, zum anderen wird ein Modell für elektronische Wissensmärkte entwickelt. Die Theorie der Wissensteilung zeigt mögliche Ursachen für opportunistisches Verhalten in einem Wissensmanagementsystem auf und gibt testbare Hypothesen für die Wirkung von Anreizsystemen und kulturellen Faktoren. Die Theorie wird empirisch anhand des ta...

Online reputation mechanisms are emerging as a promising alternative to more traditional trust building mechanisms, such as branding and formal contracting, in settings where the latter may be ineffective or prohibitively expensive; a lot of electronic trading communities fall under these categories. Although a number of commercial websites already employ various forms of reputation mechanisms,...

With the growth of the Internet, the choice of B2B e-commerce formats has expanded from Electronic Data Interchange (EDI) to a range of internet-based channels, such as e-marketplaces. Organisations can now adopt a portfolio of B2B ecommerce formats to support their electronic trading activities. In order to optimise their approach to B2B e-commerce, organisations must understand the range or c...