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Article
Publication date: 2 October 2007

M. Gopi and T. Ramayah

The purpose of this paper is to identify factors that influence the intention to use internet stock trading among investors in Malaysia.

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Abstract

Purpose

The purpose of this paper is to identify factors that influence the intention to use internet stock trading among investors in Malaysia.

Design/methodology/approach

A structured questionnaire was used to collect data from investors who are aware of internet stock trading in Malayisa. Out of 300 questionnaire only 144 were usable.

Findings

Findings show that attitude, subjective norm and perceived behavioral control has a direct positive relationship towards behavioral intention to use internet stock trading. The theory of planned behavior can be used to explain variation in behavioral intention and actual usage.

Research limitations/implications

More variations of results could be gained through a wider coverage of respondents. Other factors such as descriptive norm and perceived usefulness should be used to increase the explanatory power of the dependent variable. A comparison of the same study of explanatory power between other intention‐based model could give another valuable contribution.

Practical implications

This study will provide information on factors that influence and affect investor's intention to use online stock trading. In addition, the result of the study could serve as a guideline by online stock broking organizations in understanding the factors and program that need to be instilled to increase online stock trading among current retail investors and future investors.

Originality/value

Not much has been written on understanding intention to use internet stock trading in a developing country.

Details

International Journal of Emerging Markets, vol. 2 no. 4
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 1 October 2001

Jane A. Whewell and Vangelis Souitaris

This paper investigates the impact of the Internet upon the UK second‐hand and antiquarian book trade. Questionnaires were sent to all 681 UK members of the industry’s largest and…

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Abstract

This paper investigates the impact of the Internet upon the UK second‐hand and antiquarian book trade. Questionnaires were sent to all 681 UK members of the industry’s largest and most prominent association (PBFA) and 355 responses were received. To ensure depth as well as breadth of knowledge, in‐depth interviews were also conducted with ten companies. The results showed that, overall, e‐commerce presents an opportunity rather than a threat to this traditional retailing sector. Pre‐existing database management and distribution skills made the industry well suited to Internet trading. The number of companies trading on‐line was five times greater than the UK industry average and the booksellers were highly satisfied with the results. Not only did 90 per cent of survey respondents with Web sites consider that their aims in setting them up had been met in whole or in part, but 20 per cent of respondents derived more than 30 per cent of their sales from Internet trading. Moreover, 68 per cent of on‐line respondents stated that in their opinion their Web sites had resulted in overall business profits increasing. Predicted threats posed by the Internet such as reduced prices and margins, causing offence to existing customers and distribution system difficulties presented risks but could not outweigh the benefits of Internet trading.

Details

Internet Research, vol. 11 no. 4
Type: Research Article
ISSN: 1066-2243

Keywords

Article
Publication date: 25 September 2009

Siriluck Rotchanakitumnuai and Mark Speece

The purpose of this paper is to consider the technology acceptance model (TAM) in the context of internet securities trading. It examines the antecedents of perceived usefulness…

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Abstract

Purpose

The purpose of this paper is to consider the technology acceptance model (TAM) in the context of internet securities trading. It examines the antecedents of perceived usefulness and explores the role of trust and attitude of securities investors toward usage. The behavioural intention of investors to use the internet securities trading service is influenced by perceived usefulness, attitude toward usage, and trust.

Design/methodology/approach

The paper uses survey research to explore the determinants in the e‐securities trading acceptance model.

Findings

The findings show five antecedents have a positive impact on perceived usefulness. These are ease‐of‐use, information quality, accessibility, trust, and flow control of the securities trading process. Respondents identify the highest benefit as the flow control of the securities trading processes via the internet channel.

Practical implications

The results suggest that investors prefer to have the freedom to control the details of the process when trading securities. In addition, trust is important for all levels of the TAM process. Trust has a large impact which is mediated through both perceived usefulness and attitude toward usage. There is a weaker direct impact on intention to use.

Originality/value

This paper includes a more comprehensive measurement of the antecedents of perceived usefulness such as ease‐of‐use, information quality, accessibility, flow control, and trust. It also demonstrates the importance of trust in explaining the psychological attitudes toward the service.

Details

Industrial Management & Data Systems, vol. 109 no. 8
Type: Research Article
ISSN: 0263-5577

Keywords

Article
Publication date: 9 May 2008

Manuchehr Shahrokhi

This purpose of this paper is to provide an overview of the status of e‐finance and discuss related issues and challenges. Provides data about growth of e‐finance in the last…

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Abstract

Purpose

This purpose of this paper is to provide an overview of the status of e‐finance and discuss related issues and challenges. Provides data about growth of e‐finance in the last decade. Introduces advances and innovations in e‐finance and challenges facing the financial services and IT industries.

Design/methodology/approach

The paper employs the archival method of reviewing related literature (theoretical, applied and empirical) and organizing and presenting the topics to provide an overview of e‐finance status.

Findings

The major contributions and finding of this paper include all areas of e‐finance, application of technology to e‐finance, growth of the e‐finance in the financial services industry.

Research limitations/implications

The paper provides areas of e‐finance that face many different challenges and calls for further research in a number of areas related to e‐finance technology and the interface of financial services and IT.

Practical implications

The paper brings all scattered information and data about e‐finance under one umbrella that would make scholars and practitioners aware of advances in e‐finance and applications of innovations and new technology to financial services provided.

Originality/value

The main value or contribution of this paper is bringing together most of available literature, advances, innovations, application of IT in the financial services industry and showing how organizations could benefit from such innovations. It also provides ideas to scholars for further research in this area.

Details

Managerial Finance, vol. 34 no. 6
Type: Research Article
ISSN: 0307-4358

Keywords

Article
Publication date: 1 March 2001

Russell G. Smith and Peter N. Grabosky

Finance is the lifeblood of an economy. Businesses require capital in order to start up, and usually require additional resources to maintain or expand their activities. In some…

Abstract

Finance is the lifeblood of an economy. Businesses require capital in order to start up, and usually require additional resources to maintain or expand their activities. In some cases, they may simply reinvest their profits. But expansion on a significant scale may require more than this. Thus, businesses may also seek to borrow funds or to solicit investments in return for the investor's share of future profit. One of the basic means by which this latter strategy is pursued in industrial societies is for businesses to solicit investments from the public through the initial public offering of shares, and for subsequent buying and selling of shares by investors who expect the value of the shares in question to rise or fall. Securities markets are thus integral to a nation's economic system.

Details

Journal of Financial Crime, vol. 9 no. 1
Type: Research Article
ISSN: 1359-0790

Article
Publication date: 1 September 2005

Mark A. Johnson and Dana M. Johnson

The primary purpose was to learn about different variables of an integrated strategy associated with choosing to supply through business‐to‐business (B2B) intermediaries and apply…

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Abstract

Purpose

The primary purpose was to learn about different variables of an integrated strategy associated with choosing to supply through business‐to‐business (B2B) intermediaries and apply the variables to a series of cases.

Design/methodology/approach

A literature review served as a basis to develop an integrated model. A combination of primary and secondary research was conducted to apply the concepts of the model to different internet trading exchanges.

Findings

Each trade exchange offers a different set of customers and suppliers vying for business opportunities. There are no common platforms for software and hardware. If a small company is interested in trading through an internet exchange, they want to select based on the variables identified that best meet their needs and integrate with their business strategy.

Research limitations/implications

The focus was on industrial products and may not be applicable to consumer products.

Practical implications

Suppliers must carefully operate in the future by evaluating each customer and determining which trade exchanges will provide them with the greatest benefit at the lowest cost. The infrastructure investment is an unavoidable cost that cannot be forgone unless the supplier wants to discontinue providing to most of its customers. The supplier needs to look at all aspects identified in the integrated business model and the foundation and facilitation for success lie in the information management of the entire entity.

Originality/value

This paper takes the existing body of knowledge and applies it to the development of an integrated e‐business model for industrial suppliers used to compare different internet trading exchanges.

Details

Internet Research, vol. 15 no. 4
Type: Research Article
ISSN: 1066-2243

Keywords

Article
Publication date: 4 December 2023

Rajdeep Kumar Raut and Santosh Kumar

This paper aims to propose a decision-making framework by investigating the impact of perceived risk and computer self-efficacy on the intention to use online stock trading

Abstract

Purpose

This paper aims to propose a decision-making framework by investigating the impact of perceived risk and computer self-efficacy on the intention to use online stock trading. Furthermore, it demonstrates the mediation effect of attitude and perceived risk as well as the moderating effect of financial literacy.

Design/methodology/approach

An integration of two popular models, technology acceptance model (TAM) and theory of planned behaviour (TPB), is used to provide a sound theoretical base and enhance the understanding of investors’ behaviour towards online trading platforms. The proposed hypothesised model was examined using structural equation modelling.

Findings

The results obtained from this study indicate that all variables, except subjective norms, had a significant impact on investors’ intention to trade online. Perceived risk was found to be a partial mediator between computer self-efficacy and the intention of investors. Finally, financial literacy was also found as a significant moderator for online trading intention of investors.

Practical implications

This study shows the significance of using the TAM and TPB together to provide a comprehensive understanding of the factors that influence an investor’s behaviour in adopting and using technology for online trading. The hybrid approach of TAM and TPB could be considered for a more nuanced and complete understanding of technology adoption and usage in risky affairs like investment decisions. Again, the significant moderating role of financial literacy provides a lance to look into the scope for improvements in investment decision-makings.

Originality/value

The paper develops an assessment framework for analysing the variables based on the hybrid approach for online trading intention in the context of a developing country.

Details

Digital Policy, Regulation and Governance, vol. 26 no. 2
Type: Research Article
ISSN: 2398-5038

Keywords

Article
Publication date: 1 March 2003

Alexander Pons, Hassan Aljifri and Khalid Fourati

This paper focuses on the disparity that exists between Arab and non‐Arab trading blocs and the potential that e‐commerce offers in narrowing this gap. The current Arab intra‐trade

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Abstract

This paper focuses on the disparity that exists between Arab and non‐Arab trading blocs and the potential that e‐commerce offers in narrowing this gap. The current Arab intra‐trade state of affairs is analyzed, targeting potential trade opportunities. These prospects are evaluated, along with the adoption of technology to render advantages to the Arab world. Many countries have and continue to benefit from the acceptance of e‐commerce; understanding its applicability and effectiveness beyond and within the Arab trading blocs is of vital importance to increase trade. Our analysis presents a perspective on regional trade and utilization of technology within the global community and broadening trade possibilities among Arab countries.

Details

Information Technology & People, vol. 16 no. 1
Type: Research Article
ISSN: 0959-3845

Keywords

Article
Publication date: 1 June 2002

George K. Chacko

Develops an original 12‐step management of technology protocol and applies it to 51 applications which range from Du Pont’s failure in Nylon to the Single Online Trade Exchange…

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Abstract

Develops an original 12‐step management of technology protocol and applies it to 51 applications which range from Du Pont’s failure in Nylon to the Single Online Trade Exchange for Auto Parts procurement by GM, Ford, Daimler‐Chrysler and Renault‐Nissan. Provides many case studies with regards to the adoption of technology and describes seven chief technology officer characteristics. Discusses common errors when companies invest in technology and considers the probabilities of success. Provides 175 questions and answers to reinforce the concepts introduced. States that this substantial journal is aimed primarily at the present and potential chief technology officer to assist their survival and success in national and international markets.

Details

Asia Pacific Journal of Marketing and Logistics, vol. 14 no. 2/3
Type: Research Article
ISSN: 1355-5855

Keywords

Article
Publication date: 14 July 2020

Tina T. Swan, Bruce Q. Swan and Zuopeng (Justin) Zhang

We address the question of how the Internet promotes international trade volume, and especially, whether the global human resources affect the bilateral international trade during…

Abstract

Purpose

We address the question of how the Internet promotes international trade volume, and especially, whether the global human resources affect the bilateral international trade during the technology development across countries.

Design/methodology/approach

A dynamic panel causality analysis is carried out to demonstrate empirically that the causality of the Internet diffusion on the international trade volumes. Evidence shows a significant positive effect of the Internet on international trade volume from time-series and cross-sectional regressions. Furthermore, the magnitude of elasticity is discussed.

Findings

There is strong evidence that the Internet stimulates international trade for all countries. Growth of trade volumes changes over time with heteroscedastic responses. The positive impacts of the growth of GDP are diluted by the growth of global human resources.

Originality/value

The data on the number of web hosts is not necessarily correlated to where the site is actually located. We contribute to the new Internet measurement which helps to explain the information transferring that stimulates the international trade and examine the global human resources.

Details

Journal of Economic Studies, vol. 48 no. 2
Type: Research Article
ISSN: 0144-3585

Keywords

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