Information Asymmetry and Big Data: Should Financial Market Paradigm Be Revised?

Миловидов, В.

doi:10.20542/0131-2227-2017-61-3-5-14

Cited by 5 publications

(5 citation statements)

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“…All these studies were analyzed using effort expectancy, performance expectancy, social influence and facilitating conditions as predictors of behavioral intentions for a particular technology using Unified Theory of Acceptance and Use of Technology (UTAUT) (Venkatesh et al, 2003) framework. Another set of research investigated mobile technology adoption in financial services (Potnis et al, 2020) and financial markets (Milovidov, 2017). However, limited research has been there for mobile technologies adoption behavior by retail investors towards mobile apps in online trading environment.…”

Section: Introductionmentioning

confidence: 99%

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Determinants of mobile apps adoption by retail investors for online trading in emerging financial markets

Nair

Shiva

Yadav

et al. 2022

BIJ

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PurposeThe purpose of this study is to investigate the influence of mobile applications on investment decisions by retail investors in stocks and mutual funds. This study focuses on how mobile technologies are applied on mobile apps by retail investors for e-trading in emerging financial markets.Design/methodology/approachThe study explored predictive relevance for the adoption behavior of retail investors under the Unified Theory of Acceptance and Use of Technology (UTAUT) framework. Further, goal contagion theory was applied to investigate the adoption behavior of investors towards e-trading. An adapted questionnaire was used to collect the date from April to June 2021 and data analysis was performed on 507 usable responses. The methodology adopted in this study is variance based partial least square structural equational modelling (PLS-SEM). Additionally, the study explains important and performing constructs based on the response of retail investors towards mobile app usage for investment decisions.FindingsThe study shows that effort expectancy, performance expectancy followed by perceived return were the primary determinants of behavioral intentions to use mobile applications by retail investors for e-trading. Further, habit of investors determined the adoption behavior of investors towards mobile apps. Additionally, the study revealed that perceived risk is not an important aspect for retail investors in comparison to perceived return.Research limitations/implicationsThe study in future can address to the aspect of personality traits of retail investors for technology adoption for investment decisions. Further investigation is required on addressing unobserved heterogeneity of retail investors towards technology adoption process in emerging financial markets.Practical implicationsThe study provides theoretical and practical implications for retail investors, financial advisors and technology companies to understand the behavioral pattern and mobile apps adoption behavior of retail investors in emerging financial market. The findings in the study will help broking firms to sensitize their clients for effective use of their respective mobile apps for e-trading purposes. The study will strengthen the knowledge of financial advisors to understand investment behavior of retail investors in emerging financial markets.Originality/valueThis study unfolds a novel framework of research to understand the technology adoption pattern of retail investors for e-trading by mobile applications in emerging financial markets. The present study provides significant understanding in the domain of technology adoption by retail investors under behavioral finance environment.

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Section: Introductionmentioning

confidence: 99%

“…Another set of research investigated mobile technology adoption in financial services (Potnis et al. , 2020) and financial markets (Milovidov, 2017). However, limited research has been there for mobile technologies adoption behavior by retail investors towards mobile apps in online trading environment.…”

Section: Introductionmentioning

confidence: 99%

Determinants of mobile apps adoption by retail investors for online trading in emerging financial markets

Nair

Shiva

Yadav

et al. 2022

BIJ

View full text Add to dashboard Cite

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“…At the micro level, there are special information systems for processing and analyzing the information on financial management and customer relations (CRM), accounting and tax accounting, distribution, staff accounting and payroll. At the same time, the internationalization of the financial sector that took place on the basis of the dynamic development of information and communication tools acted as a catalyst for the imbalances between the financial and the real sectors [8]. The financial structures' use of electronic means of service led to their running in real time, and the distance lost its former importance.…”

Section: The Deformation Of Social Developmentmentioning

confidence: 99%

Features of information technologies influence on social development

Ludmila¹,

Ludmila²,

Elena³

et al. 2018

Proceedings of the International Conference on the Theory and Practice of Personality Formation in Modern Society (ICTPPFMS 201

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the article describes a dual impact of digital revolution on various spheres of human activity and social relations, such as administration, education, science, health, ecology, finance, and trade, and income differentiation, monopolization of the markets, "consumerism" and creative abilities of human development. The work presents the advantages and disadvantages of information revolution implications. Production relations in the single information space (based on cloud technology, Big Data, information openness, and social networks) are opposed to the deepened digital divide. New opportunities for the development of education, science, health, and environmental sustainability are opposed to innovation inequality and deepened environmental imbalance. Information technologies helped improving the efficiency of the activities in the financial sector, but the gap between the financial and the real sectors of the economy increased. The level of organization rose significantly due to the continuity of decision-making and communications, while at the same time the introduction of information technologies increased the bureaucracy. Stiff competition of information companies is combined with the risk of global monopoly. On the one hand, the information revolution gave broad opportunities for developing creative activities; while on the other hand, it has led to the loss of Internet users' social mobility.

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“…As E. Timko says 11 , there is no competition of banks and FinTechs in Russia and it will not arise. There are several successful FinTech startups which just fit in their niches and unique model, which banks cannot implement due to certain reasons.…”

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confidence: 99%

“…According to V.D. Milovidov [10][11][12], S.Yu. Pertseva [13], FinTechs have not yet managed to pushed banks from their market niche.…”

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confidence: 99%

Regional Banks & FinTech: A Standoff or Partnership?

Zver'kova¹

2019

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Subject The rise of innovative financial technology and blockchain intensified debates about refocusing the financial market's needs and FinTechs substituting traditional banks. The competition for clients moved to the digital level. Traditional banks are forecasted to step down gradually. Major banks announced changes in their business models to establish the partnership relations with fintech companies and surround themselves with the ecosystem of services. However, Russia has still been waiting for the technological boom. Considering limited financial resources, regional banks need to look for new aspects for cooperating with fintech companies. Objectives The research analyzed the existing situation in the banking market in terms of the competition of credit institutions with fintech companies. I study what opportunities regional banks have to reshape their business models and set partnership relations with fintech companies. Methods The research relies upon methods of expert assessment and generalization. Results Currently, regional banks have no financial resources and technological capabilities to compete with fintech companies. The cooperation strategy may help them survive in the situation. Conclusions and Relevance Regional banks should not stick to each aspect of FinTech development, but rather focus on the expansion and customization of the customer services, delivery of tailor-made solutions and recommendations through various communication means.

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Information Asymmetry and Big Data: Should Financial Market Paradigm Be Revised?

Cited by 5 publications

References 0 publications

Determinants of mobile apps adoption by retail investors for online trading in emerging financial markets

Determinants of mobile apps adoption by retail investors for online trading in emerging financial markets

Features of information technologies influence on social development

Regional Banks & FinTech: A Standoff or Partnership?

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