对美国住房抵押贷款行业电子市场假说的检验

IF 4.9 3区管理学 Q1 INFORMATION SCIENCE & LIBRARY SCIENCE

Information Technology & People Pub Date : 2013-11-10 DOI:10.1108/09593841311307114

Sutirtha Chatterjee, Jeffrey W. Merhout, Suprateek Sarker, Allen S. Lee

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引用次数: 8

摘要

目的-本文的目的是在美国住房抵押贷款行业的背景下纵向检验电子市场假说(EMH)的命题。设计/方法论/方法-本文采用演绎的实证主义案例研究，通过对1995 - 1999年、2000 - 2002年和2003 - 2007年三个时期的商业出版社中的“文本”进行系统检查。研究结果-有效市场假说虽然在早期通常不成立，但在后期与房屋抵押贷款行业的证据更为一致。研究局限/启示-为有效市场假说是否适合作为解释资讯科技对市场和产业结构影响的核心理论的争论提供了新的视角。实际意义-设计企业战略，以促进有效的市场机制。原创性/价值-使用一种相对不常见的定性研究方法(分析来自行业新闻文章的原始数据)。

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An examination of the electronic market hypothesis in the US home mortgage industry

Purpose – The purpose of this paper is to longitudinally test the propositions of the Electronic Market Hypothesis (EMH) within the context of the US home mortgage industry.Design/methodology/approach – The paper uses a deductive, positivist case study, through a systematic examination of “texts” in the trade press over three time periods: 1995‐1999, 2000‐2002, and 2003‐2007.Findings – EMH propositions, while generally not found to be valid in the early years, were more consistent with evidence in the home mortgage industry in the later period.Research limitations/implications – Throws fresh light on the debate between the appropriateness and the inappropriateness of the EMH as a core theory explaining the influence of Information Technology on market and industry structures.Practical implications – Designing of corporate strategies to foster efficient market mechanisms.Originality/value – Using a relatively uncommon (analysis of primary data from trade press articles) qualitative research methodology whi...

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来源期刊

Information Technology & People INFORMATION SCIENCE & LIBRARY SCIENCE-

CiteScore

8.20

自引率

13.60%

发文量

121

期刊介绍： Information Technology & People publishes work that is dedicated to understanding the implications of information technology as a tool, resource and format for people in their daily work in organizations. Impact on performance is part of this, since it is essential to the well being of employees and organizations alike. Contributions to the journal include case studies, comparative theory, and quantitative research, as well as inquiries into systems development methods and practice.