Ownership and Investment in Electronic Networks

Bakos, J. Yannis; Nault, Barrie R.

doi:10.1287/isre.8.4.321

Cited by 85 publications

(54 citation statements)

References 17 publications

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“…Clemons (1990) touches on this issue when he suggests that system topology is linked to the ability of an electronic intermediary to extract monopoly rents; he suggests that intermediation profits are high when the intermediary possesses powerful threat strategies against other system participants. Similarly, Brynjolfsson (1994) and Bakos and Nault (1997) used formal models based on Hart and Moore's theory to study the distribution of property rights and system payoffs.…”

Section: Directions For Future Researchmentioning

confidence: 99%

Reducing Buyer Search Costs: Implications for Electronic Marketplaces

1997

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Information systems can serve as intermediaries between the buyers and the sellers in a market, creating an "electronic marketplace" that lowers the buyers' cost to acquire information about seller prices and product offerings. As a result, electronic marketplaces reduce the inefficiencies caused by buyer search costs, in the process reducing the ability of sellers to extract monopolistic profits while increasing the ability of markets to optimally allocate productive resources. This article models the role of buyer search costs in markets with differentiated product offerings. The impact of reducing these search costs is analyzed in the context of an electronic marketplace, and the allocational efficiencies such a reduction can bring to a differentiated market are formalized. The resulting implications for the incentives of buyers, sellers and independent intermediaries to invest in electronic marketplaces are explored. Finally, the possibility to separate price information from product attribute information is introduced, and the implications of designing markets promoting competition along each of these dimensions are discussed.

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Section: Directions For Future Researchmentioning

confidence: 99%

Reducing Buyer Search Costs: Implications for Electronic Marketplaces

1997

Self Cite

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“…Research in this area ranged from the investigation of general uses of the Internet to the more specific business adoption of the Internet (i.e., e-commerce). These include the study of the adoption of e-commerce (Tan & Teo, 2000) and the value and performance of the Internet (Bakos & Nault, 1997). Additionally, the widespread use of search engines has opened up significant research avenues surrounding search engine optimization (SEO) and web analytics.…”

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confidence: 99%

A Glorious and Not-So-Short History of the Information Systems Field

Hirschheim¹,

Klein²

2012

JAIS

187

158

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Research Article Rudy HirschheimLouisiana State University rudy@lsu.edu Heinz K. Klein State University of New YorkIn this paper, the more than 40-year history of the information systems discipline is discussed by dividing history into four somewhat overlapping eras. For each era, important events that occurred are highlighted. The events are categorized as "management/governance of the IS function", "technology", "research themes", "research methodology ", "education", and "infrastructure" (organizations, conferences, journals, etc.). The paper then speculates on what the value would be if the IS community were to adopt a shared history. The paper contends that such a shared history would be effective in helping to bridge the communication gaps that exist between the different sub-communities that make up the discipline.

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“…Many firms are linked through electronic networks and software applications, as well as the merger of their business processes (Hammer, 2001, Straub and Watson, 2001, Mukhopadhyay and Kekre, 2002, Basu and Blanning, 2003. Thus, trading partners have an impact on the production of IT investment value (Clemons and Row, 1993, Bakos and Nault, 1997, Chatfield and Yetton, 2000. For example, the inefficient business processes of trading partners and obsolete technology limit the acquisition of business values of cross-organizational IT systems.…”

Section: Partner Characteristicsmentioning

confidence: 99%

An Integration Model of the Impact of IT Investment Announcements on Firm Market Value

Zhang¹,

Huang²,

Wang³

2012

IBR

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Large amounts of resources have been, and will continue to be, invested in information technology (IT).The current paper establishes an integrative model of the impact of IT investment announcements on firm market valueby reviewing and analyzing several papers of empirical research. The impact factors are divided into four parts:IT investment characteristics, firm characteristics, competitive environment (including industry characteristics and partner characteristics), and country characteristics. In addition, the current article applies the integrative model to guide future research by proposingcorresponding hypotheses. The objective of the paper is to help scholars further understand the status and limitations of relative studies to facilitate further research. The proposed hypotheses providefirms with scenarios that can get the most benefit out of IT investment, thus guiding scholars on empirical research as well as strategic decision makers in organizations.

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Ownership and Investment in Electronic Networks

Cited by 85 publications

References 17 publications

Reducing Buyer Search Costs: Implications for Electronic Marketplaces

Reducing Buyer Search Costs: Implications for Electronic Marketplaces

A Glorious and Not-So-Short History of the Information Systems Field

An Integration Model of the Impact of IT Investment Announcements on Firm Market Value

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