Signaling in E-commerce. How Can Information Asymmetry be Minimized?
Signaling in E-commerce. How Can Information Asymmetry be Minimized?

Author: Hendrik Niehoff

Publisher:

Published: 2019-02-14

Total Pages: 36

ISBN-13: 9783668903203

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Seminar paper from the year 2019 in the subject Business economics - Marketing, Corporate Communication, CRM, Market Research, Social Media, grade: 2,3, University of Kaiserslautern, language: English, abstract: The main aspect of this seminar work is the question how the information economical problem of information asymmetry can be minimized in the e-commerce. With the example of Akerlofs lemons market it will be elaborated how a market failure can occur based on the asymmetric information distribution on a market. Even though there are several theories to explain the existence of buyer's uncertainty towards a seller, only the sig-naling theory will be further elaborated since the focus of this work is on possibilities to reduce the information deficit in the e-commerce. Furthermore, the signaling theory and the different types of signaling will be elaborated. The third chapter will be elaborating how various different signals can be used by an e-commerce seller to build up trust towards the buyer and also build up the satisfaction the buyer has after a transaction with the seller. The trust and likewise the satisfaction of the buyer are one of the crucial influences on the purchase and repurchase inten-tion the visitor of a website develops or not. This purchase intention is influenced by several variables as well. Overall the seller has to make sure that the signals he uses are generating enough interest for a future orientated performance promise and future orientated business relationships. The findings demonstrate possible ways for integrating the discussed signals into an efficient marketing mix.

The Strategic Management of Intellectual Capital and Organizational Knowledge
The Strategic Management of Intellectual Capital and Organizational Knowledge

Author: Chun Wei Choo

Publisher: New York : Oxford University Press

Published: 2002

Total Pages: 772

ISBN-13: 9780195154863

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This book is the first to present a review and synthesis of the research in knowledge management and strategy management. The readings in this book will help readers get an understanding of the best methods to create and apply knowledge in order to sustain superior organizational performance.

Asymmetric Information and the Market Structure of the Banking Industry
Asymmetric Information and the Market Structure of the Banking Industry

Author: Mr.Giovanni Dell'Ariccia

Publisher: International Monetary Fund

Published: 1998-06-01

Total Pages: 32

ISBN-13: 145195154X

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The paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an advantage over potential entrants. These informational asymmetries are an important determinant of the industry structure and may represent a barrier to entry for new banks. The paper shows that, in contrast with traditional models of horizontal differentiation, the steady-state equilibrium is characterized by a finite number of banks even in the absence of fixed costs.

Asymmetric Information in Financial Markets
Asymmetric Information in Financial Markets

Author: Ricardo N. Bebczuk

Publisher: Cambridge University Press

Published: 2003-08-21

Total Pages: 176

ISBN-13: 9780521797320

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Asymmetric information (the fact that borrowers have better information than their lenders) and its theoretical and practical evidence now forms part of the basic tool kit of every financial economist. It is a phenomenon that has major implications for a number of economic and financial issues ranging from both micro and macroeconomic level - corporate debt, investment and dividend policies, the depth and duration of business cycles, the rate of long term economic growth - to the origin of financial and international crises. Asymmetric Information in Financial Markets aims to explain this concept in an accessible way, without jargon and by reducing mathematical complexity. Using elementary algebra and statistics, graphs, and convincing real-world evidence, the author explores the foundations of the problems posed by asymmetries of information in a refreshingly accessible and intuitive way.

Disrupting Finance
Disrupting Finance

Author: Theo Lynn

Publisher: Palgrave Pivot

Published: 2018-12-19

Total Pages: 0

ISBN-13: 9783030023294

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This open access Pivot demonstrates how a variety of technologies act as innovation catalysts within the banking and financial services sector. Traditional banks and financial services are under increasing competition from global IT companies such as Google, Apple, Amazon and PayPal whilst facing pressure from investors to reduce costs, increase agility and improve customer retention. Technologies such as blockchain, cloud computing, mobile technologies, big data analytics and social media therefore have perhaps more potential in this industry and area of business than any other. This book defines a fintech ecosystem for the 21st century, providing a state-of-the art review of current literature, suggesting avenues for new research and offering perspectives from business, technology and industry.

The Academy of Management Annals
The Academy of Management Annals

Author: James P. Walsh

Publisher: Taylor & Francis

Published: 2007

Total Pages: 750

ISBN-13: 080586220X

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The Academy of Management is proud to announce the inaugural volume of The Academy of Management Annals. This exciting new series follows one guiding principle: The advancement of knowledge is possible only by conducting a thorough examination of what is known and unknown in a given field. Such assessments can be accomplished through comprehensive, critical reviews of the literature--crafted by informed scholars who determine when a line of inquiry has gone astray, and how to steer the research back onto the proper path. The Academy of Management Annals provide just such essential reviews. Written by leading management scholars, the reviews are invaluable for ensuring the timeliness of advanced courses, for designing new investigative approaches, and for identifying faulty methodological or conceptual assumptions. The Annals strive each year to synthesize a vast array of primary research, recognizing past principal contributions while illuminating potential future avenues of inquiry. Volume 1 of the Annals explores a wide spectrum of research: corporate control; nonstandard employment; critical management; physical work environments; public administration team learning; emotions in organizations; leadership and health care; creativity at work; business and the environment; and bias in performance appraisals. Ultimately, academic scholars in management and allied fields (e.g., sociology of organizations and organizational psychology) will see The Academy of Management Annals as a valuable resource to turn to for comprehensive, up-to-date information--published in a single volume every year by the preeminent association for management research.

Information Asymmetry in Online Advertising
Information Asymmetry in Online Advertising

Author: Jan W. Wiktor

Publisher: Routledge

Published: 2021-09-30

Total Pages: 230

ISBN-13: 1000454037

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Advertising is a company’s major form of communication with the market; it is a component of the IMC system, having a special impact on the addressee, and is a form of persuasive communication affecting consumer behaviour. Advertising may reflect information asymmetry between an advertiser and recipients. This book presents an assessment of the forms and range of consumer behaviour manipulation through information asymmetry in online advertising and explores the possible causes, forms, and effects. The work offers a new approach to the role of advertising in the digital world, especially its forms and impact strategies. The theoretical framework presented is based on issues related to online advertising, information asymmetry, and social manipulation. The book describes the ways in which these areas can be explored, and it presents the results of empirical studies. Empirical research allows for identifying companies’ moral hazard strategies and their consequences – e-consumers’ adverse selection. The research provides an empirical answer to the question: to what extent is advertising a transparent form of communication, and to what extent does it represent the world of manipulation? Based on an interdisciplinary theoretical approach, empirical studies conducted by the authors, and theoretical and managerial implication, the book encourages its readers to find their own answers. Given the interdisciplinary nature of this work, it will be of interest to scholars and researchers within the fields of marketing, media and communication, economics, psychology, sociology, and ethics.

Asymmetric Information, Corporate Finance, and Investment
Asymmetric Information, Corporate Finance, and Investment

Author: R. Glenn Hubbard

Publisher: University of Chicago Press

Published: 2009-05-15

Total Pages: 354

ISBN-13: 0226355942

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In this volume, specialists from traditionally separate areas in economics and finance investigate issues at the conjunction of their fields. They argue that financial decisions of the firm can affect real economic activity—and this is true for enough firms and consumers to have significant aggregate economic effects. They demonstrate that important differences—asymmetries—in access to information between "borrowers" and "lenders" ("insiders" and "outsiders") in financial transactions affect investment decisions of firms and the organization of financial markets. The original research emphasizes the role of information problems in explaining empirically important links between internal finance and investment, as well as their role in accounting for observed variations in mechanisms for corporate control.

The New Institutionalism in Organizational Analysis
The New Institutionalism in Organizational Analysis

Author: Walter W. Powell

Publisher: University of Chicago Press

Published: 2012-09-21

Total Pages: 488

ISBN-13: 022618594X

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Long a fruitful area of scrutiny for students of organizations, the study of institutions is undergoing a renaissance in contemporary social science. This volume offers, for the first time, both often-cited foundation works and the latest writings of scholars associated with the "institutional" approach to organization analysis. In their introduction, the editors discuss points of convergence and disagreement with institutionally oriented research in economics and political science, and locate the "institutional" approach in relation to major developments in contemporary sociological theory. Several chapters consolidate the theoretical advances of the past decade, identify and clarify the paradigm's key ambiguities, and push the theoretical agenda in novel ways by developing sophisticated arguments about the linkage between institutional patterns and forms of social structure. The empirical studies that follow—involving such diverse topics as mental health clinics, art museums, large corporations, civil-service systems, and national polities—illustrate the explanatory power of institutional theory in the analysis of organizational change. Required reading for anyone interested in the sociology of organizations, the volume should appeal to scholars concerned with culture, political institutions, and social change.

E-Commerce and the Digital Economy
E-Commerce and the Digital Economy

Author: Michael J. Shaw

Publisher: Routledge

Published: 2015-05-15

Total Pages: 286

ISBN-13: 1317472691

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This volume in the "Advances in Management Information Systems" series offers a state-of-the-art survey of information systems research on electronic commerce. Featuring chapters by leading scholars and industry professionals, it provides the framework for understanding the business trends, emerging opportunities, and barriers to overcome in the rapid developments taking place in electronic business and the digital economy. Researchers, students, and practitioners - anyone interested in the current issues and future direction of electronic commerce, especially from the standpoint of information systems and information technology - will find this book to be an authoritative source of cutting-edge information. The volume is divided into four parts: Part I covers the fundamental issues of information technology standards and the transformation of industry structure; Part II focuses on B2B commerce; Part III investigates the management of mobile and IT infrastructure; and Part IV includes trust, security, and legal issues that undergird the success of e-commerce initiatives.