Information Exchange in Electronic Markets: Implications for Market Structures

International Journal of Electronic Commerce

Volumn 3, Issue 4, 1999, Pages 89-102

  Grover, Varun ^b   Ramanlal, Pradipkumar ^a   Segars, Albert H ^b  

^a UNIVERSITY OF MICHIGAN   (United States)

^b NONE

Author keywords

Electronic markets; Market structure; Market transparency; Securities markets

Indexed keywords

EID: 0012590705     PISSN: 10864415     EISSN: None     Source Type: Journal    
DOI: 10.1080/10864415.1999.11518350     Document Type: Article

References (24)

1. Bakos, J.Y., and Nault, B.R. Ownership and investment in electronic networks. Information Systems Research, 8, 4 (December 1987), 321-341.
2. Barua, A., Ravindran, S., and Whinston, A. Efficient selection of suppliers over the Internet. Journal of Management Information Systems, 13, 4 (1997), 117-137.
3. Benjamin, R., and Wigand, R. Electronic markets and virtual value chains on the information superhighway. Sloan Management Review, 36, 2 (winter 1995), 62-72.
4. Bensaou, M. Interorganizational cooperation: The role of information technology in empirical comparison of U.S. and Japanese supplier relations. Information Systems Research, 8, 2 (1997), 107-124.
5. Bhushan, R. Trading costs, liquidity, and asset holdings. Review of Financial Studies, 4, 2 (1991), 343-360.
6. Blume, M., and Goldstein M. Quotes, order flow, and price discovery. Journal of Finance, 52, 1 (1997), 221-240.
7. Chowdhry, B., and Vikram N. Multimarket trading and market liquidity. Review of Financial Studies, 4, 3 (1991), 483-511.
8. Clemons, E.K., and Weber, B.W. Alternative securities trading systems: Tests and regulatory implications of the adoption of technology. Information Systems Research, 7, 2 (1996), 163-188.
9. Cohen, K.; Maier, S.; Schwartz R.; and Whitcomb, D. The Microstructure of Securities Markets. Englewood Cliffs, NJ: Prentice-Hall, 1986.
10. Easley, D.; Kiefer, N.; and O'Hara, M. Creme-skimming or profit-sharing? The curious role of purchased order flow. Journal of Finance, 51, 3 (1996), 811-833.
11. Ghosh, S. Making business sense of the Internet. Harvard Business Review, 76, 2 (March 1998), 126-135.
12. Hargis, K., and Ramanlal, P. When does internationalization enhance the development of domestic stock markets? Journal of Financial Intermediation, 7, 3 (July 1998), 263-292.
13. Kambil, A., and Van Heck, E. Re-engineering the Dutch flower auctions: A framework for analyzing exchange organizations. Information Systems Research, 9, 1 (March 1998), 1-19.
14. Lee, C. Market integration and price execution for NYSE-listed securities. Journal of Finance, 48, 3 (1993), 1009-1038.
15. Madhavan, A. Consolidation, fragmentation, and the disclosure of trading information. Review of Financial Studies, 8, 3 (1995), 579-603.
16. Malone, T.W; Yates, J.; and Benjamin, R.I. Electronic markets and hierarchies. Communications of the ACM, 30, 6 (1987), 484-497.
17. O'Hara, M., Market Microstructure Theory. Cambridge, MA: Blackwell, 1995.
18. Pagano, M., and Roell, A. Transparency and liquidity: A comparison of auction and dealer markets with informed trading. Journal of Finance, 51, 2 (1996), 579-611.
19. Parthasarathy, P., and Bhattacherjee, A. Understanding post-adoption behavior in the context of online services. Information Systems Research, 9, 4 (December 1998), 362-379.
20. Quelch, J.A., and Klein, L.R. The Internet and international marketing. Sloan Management Review, 37, 3 (spring 1996), 60-75.
21. Ramanlal, P.; Hargis, K.; and McDonald, C. When is market consolidation incentive compatible with exchange motive and regulatory goals? Working Paper, University of Central Florida, 1998.
22. Rayport, J.F., and Sviokla, J.J. Managing in the marketspace. Harvard Business Review, 72, 6 (November 1994), 141-150.
23. Securities and Exchange Commission. Statement on the Future Structure of Securities Markets, 1972.
24. Yoffie, D.B. Competing in the age of digital convergence. California Management Review, 38, 4 (1996), 31-53.