Articles

2009

Meyer, S.; Hackethal, A.; Niebling, F. (2009)

Whose Money is Smart? Mutual Fund Purchases of Private Investors

In: Working Paper

Category: Miscellaneous [Find it]

Reference No.: 2009-1720

Horn, L.; Meyer, S.; Hackethal, A. (2009)

Smart Investing and the Role of Financial Advice - Evidence from a Natural Experiment Using Data Around a Tax Law Change

Category: Dissertation thesis [Find it]

Reference No.: 2009-1719

Gerhardt, R.; Hackethal, A. (2009)

The Influence of Financial Advisors on Household Portfolios: A Study on Private Investors Switching to Financial Advice

In: Working Paper

Category: Miscellaneous [Find it]

Abstract

Investment advisors have significant influence on private investors' financial decisions but empirical studies of their behavior are rare. Based on a large and unique data set of the detailed portfolio compositions and daily transactions of more than 65,000 customers of a large German direct bank, we first compare advised investors with groups of non-advised investors, including matched peers. We find that the effect of investment advice is probably less than assumed. To underline this finding, we conduct an event study comparing 597 investors before and after the decision to take regular investment advice. We find much higher trading activity after the event due to advisors re-structuring clients' portfolios, less risky and speculative trading and rising diversification.

Reference No.: 2009-1718

Gsell, M. (2009)

Essays on Algorithmic Trading

Category: Dissertation thesis

Reference No.: 2009-1714

Repp, N.; Schulte, S.; Steffens, U. (2009)

IT-Governance in verteilten Systemen - Vorwort der Workshop-Leitung

In: Informatik 2009: Im Focus das Leben, Beiträge der 39. Jahrestagung der Gesellschaft für Informatik e.V. (GI); Leipzig

Category: Proceedings

Reference No.: 2009-1708

Martin, S. (2009)

IT-Business-Alignment: Kommunikation als Erfolgsfaktor

Category: Publications in journals [Password Protected Download] (Please contact the author)

Reference No.: 2009-1590

Pauwels, K.; Amber, T.; Clark, B.; LaPointe, P.; Reibstein, D.; Skiera, B.; Wierenga, B.; Wiesel, T. (2009)

Dashboards & Marketing: Why, What, How and Which Research is Needed?

In: Journal of Service Research; 12 (2), 175-189

Category: Publications in scientific journals

Reference No.: 2009-1588

Theysohn, S.; Hinz, O.; Nosworthy, S.; Kirchner, M. (2009)

Official Supporters Clubs: The Untapped Potential of Fan Loyalty

In: International Journal of Sports Marketing & Sponsorship; 10 (4), 302-324

Category: Publications in scientific journals

Reference No.: 2009-1587

Hinz, O.; Creusen, U. (2009)

Interaktive Preismechanismen – Die Preisverhandlung als Begegnung mit dem Kunden

In: St. Gallen Marketing Review; 6, 37-41

Category: Publications in scientific journals

Reference No.: 2009-1586

Berger, S.; Chlistalla, M.; Hinz, O. (2009)

Collaboration Structures in Financial Markets - A Social Network Analysis of IPO Syndicates

In: Berger, S.C. (Ed.) Strukturwandel der Wertschöpfung im Bankgeschäft, Innovative Betriebswirtschaftliche Forschung und Praxis, Vol. 248, pp. 123-134; Hamburg

Category: Chapter in book

Reference No.: 2009-1580

Krüger, M. (2009)

Finanzmarktsteuer: Wunderwaffe oder Schnapsidee?

In: Frankfurter Allgemeine Zeitung

Category: Other publications

Reference No.: 2009-1579

Schaper, T. (2009)

Elimination of Technical Barriers in European Securities Settlement

In: Engelen, P.-J. and Lannoo, K. (Eds.) "Facing New Regulatory Frameworks in Securities Trading in Europe"; Intersentia and Centre for European Policy Studies (CEPS), pp. 127-146

Category: Chapter in book

Reference No.: 2009-1568

Gomber, P.; Gsell, M.; Pujol, G.; Wranik, A. (2009)

Regulation and Technology in Equity Trading – The Impact of Regulatory and Technological Changes on Order Execution and the Trading Venue Landscape in Europe

In: Engelen, P.-J. and Lannoo, K. (Eds.) "Facing New Regulatory Frameworks in Securities Trading in Europe"; Intersentia and Centre for European Policy Studies (CEPS), pp. 31-54

Category: Chapter in book

Reference No.: 2009-1567

Schulte, S.; Repp, N.; Schuller, D.; Steinmetz, R. (2009)

From Web Service Policies to Automatic Deviation Handling: Supporting Semantic Description of Reactions to Policy Violations

In: Third IEEE International Conference on Semantic Computing (ICSC 2009); Berkeley, CA, USA

Category: Proceedings

Reference No.: 2009-1551

Miede, A. (2009)

Cross-organizational Service Security -- Solutions for Attack Modeling and Defense

In: Proceedings of the PhD Symposium of the 7th International Joint Conference on Service Oriented Computing (ICSOC/ServiceWave)

Category: Proceedings

Reference No.: 2009-1546

Miede, A.; Gottron, C.; König, A.; Nedyalkov, N.; Repp, N.; Steinmetz, R. (2009)

Cross-organizational Security in Distributed Systems

In: KOM-TR-2009-01

Category: Working papers

Reference No.: 2009-576

Oberle, D.; Bhatti, N.; Brockmans, S.; Niemann, M.; Janiesch, C. (2009)

Effektive Handhabung von Service-Informationen

In: Wirtschaftsinformatik

Category: Publications in scientific journals

Reference No.: 2009-1542

Gerstmeier, E.; Skiera, B.; Stepanchuk, T. (2009)

An Analysis of the Profitability of Different Bidding Heuristics in Search Engine Marketing

In: workingpaper

Category: Miscellaneous

Reference No.: 2009-1541

Schlereth, C.; Skiera, B. (2009)

Schätzung von Zahlungsbereitschaftsintervallen mit der Choice-Based Conjoint-Analyse

In: Schmalenbachs Zeitschrift für betriebswirtschaftliche Forschung zfbf; 12 /2009 (forthcoming)

Category: Publications in scientific journals

Reference No.: 2009-1540

Heiligenthal, J.; Skiera, B. (2009)

How Incentive-based Customer Acquisition Affects the Value of the Customer Base

In: EFL Quarterly 4/2009 , 4-5

Category: Other publications

Reference No.: 2009-1537

Lilienthal, M.; Skiera, B. (2009)

Suchmaschinenmarketing - Viel hilft nicht viel

In: Bankmagazin 12/09

Category: Other publications

Reference No.: 2009-1536

Skiera, B.; Lilienthal, M. (2009)

Am Ende freut sich Google. Eine empirische Untersuchung zeigt: Höhere SEM-Budgets führen keineswegs zwangsläufig zu höheren Conversions

In: Internet World Business 20/09, 24

Category: Other publications

Reference No.: 2009-1535

Hinz, O.; Messerschmidt, C.; Schmidt, N. (2009)

Empirische Analyse von Seeding-Strategien für Viral-Marketing-Kampagnen

In: 9. Internationale Tagung Wirtschaftsinformatik (WI) 2009; Wien, Österreich

Category: Proceedings

Reference No.: 2009-1532

Lilienthal, M.; Hinz, O. (2009)

Pricing the Grid: Bepreisung des Grids

In: Grid Computing in der Finanzindustrie, Hrsg. Hinz et al.; Books on Demand, Norderstedt

Category: Chapter in book

Reference No.: 2009-1531

Joachim, N. (2009)

Service-Oriented Architectures (SOA): An Empirical Investigation of Adoption Determinants and Resulting Business Value

In: Doctoral Consortium, 30th International Conference on Information Systems (ICIS); Phoenix (AZ), USA

Category: Proceedings

Reference No.: 2009-1518

Beimborn, D.; Joachim, N. (2009)

Proposing the Relationship between IT Business Alignment and the Business Value of Service-Oriented Architectures in Financial Firms

In: D. Kundisch, D. J. Veit, T. Weitzel, and C. Weinhardt (eds.): Enterprise Applications and Services in the Finance Industry, Lecture Notes in Business Information Processing, Springer; Berlin

Category: Chapter in book

Reference No.: 2009-1517

Joachim, N.; Beimborn, D.; Schlosser, F. (2009)

Examining the Organizational Decision to Adopt Service-Oriented Architecture (SOA) - Developing a Research Model

In: Proceedings of the Special Interest Group on Adoption and Diffusion of Information Technology (DIGIT) (Pre-ICIS Workshop); Phoenix (AZ), USA

Category: Proceedings

Reference No.: 2009-1516

Beimborn, D.; Joachim, N.; Schlosser, F. (2009)

The Role of SOA for BPO Intention – Proposing a Research Model

In: Proceedings of the 8th Workshop on eBusiness (Pre-ICIS Workshop); Phoenix (AZ), USA

Category: Proceedings

Reference No.: 2009-1515

Mack, B. (2009)

Functioning and Economics of Carbon Trading: Developments and Challenges of the EU Emissions Trading Scheme

In: Green Finance and Sustainability: Environmentally Aware Business Models and Technologies; IGI Global, Hershey, PA, USA

Category: Chapter in book

Reference No.: 2009-1514

Mack, B. (2009)

EU ETS Auctioning Design at the Crossroads

In: IETA GHG Market Report 2009

Category: Chapter in book

Reference No.: 2009-1513

Gomber, P.; Pujol, G.; Wranik, A. (2009)

The Implementation of European Best Execution Obligations - An Analysis for the German Market

In: Proceedings of the 4th International Workshop on Enterprise Applications and Services in the Finance Industry; Springer LNBIP, pp. 126-144

Category: Proceedings

Reference No.: 2009-1507

Gomber, P. (2009)

Der Kampf um Millisekunden

In: transaction, pp. 14-15

Category: Other publications

Reference No.: 2009-1506

Wolf, M.; Vykoukal, J.; Beck, R. (2009)

Innovating Mindfully with Service-Oriented Grids – The Role of Organizational Mindfulness in Turbulent Environments

In: Proceedings of the Special Interest Group on Adoption and Diffusion of Information Technology (DIGIT) Pre-ICIS Workshop; Phoenix, Arizona, USA

Category: Proceedings [Password Protected Download] (Please contact the author)

Reference No.: 2009-1505

Billeb, M.; Schäfer, A.; Abbou, M.; Niemann, M.; Eckert, J.; Repp, N.; Steinmetz, R. (2009)

Einfluss regulatorischer Anforderungen im Internet of Services

In: IT-Governance, Zeitschrift des ISACA Germany Chapter e.V.

Category: Publications in journals

Reference No.: 2009-1500

Eckert, J.; Lehrig, T.; Papageorgiou, A.; Repp, N.; Steinmetz, R. (2009)

Solving Resource Planning Problems – A Heuristical Solution

In: The 11th International Conference on Information Integration and Web-based Application and Services (iiWAS 2009); Kuala Lumpur, Malaysia

Category: Proceedings

Reference No.: 2009-1499

Papageorgiou, A.; Leferink, B.; Eckert, J.; Repp, N.; Steinmetz, R. (2009)

Bridging the Gaps towards Structured Mobile SOA

In: The 7th International Conference on Advances in Mobile Computing & Multimedia (MoMM2009); Kuala Lumpur, Malaysia

Category: Proceedings

Reference No.: 2009-1498

Miede, A.; Eckert, J.; Steinmetz, R. (2009)

Readiness and Maturity of Service-oriented Architectures in the German Banking Industry – A Multi-Participant Case Study

In: EFL Quarterly 4/2009; Frankfurt/Main

Category: Miscellaneous

Reference No.: 2009-1491

Miede, A.; Nedyalkov, N.; Schuller, D.; Repp, N.; Steinmetz, R. (2009)

Cross-organizational Security – The Service-oriented Difference

In: Service-Oriented Computing -- ICSOC 2009 Workshops (Lecture Notes In Computer Science/ Services Science)

Category: Proceedings

Reference No.: 2009-1490

Gomber, P.; Ende , B.; Gsell, M. (2009)

Order Handling of Institutional Investors

In: Journal of Trading, Volume 4, No. 4, pp. 10-31

Category: Publications in journals

Reference No.: 2009-1488

Mosch, A. (2009)

Anlageberatung - Großer Aufwand

In: Sparkasse, August, 5-6

Category: Miscellaneous

Reference No.: 2009-1487

Mosch, A. (2009)

Anlageberatung - Schwieriger Spagat

In: Sparkasse, August, 50 - 54

Category: Miscellaneous

Reference No.: 2009-1486

Chlistalla, M.; Lutat, M. (2009)

The Impact of new Execution Venues on European Equity Markets’ Liquidity – The Case of Chi-X

In: Value Creation in E-Business Management, 15th Americas Conference on Information Systems AMCIS 2009; SIGeBIZ track, Springer LNBIP, pp. 218-230

Category: Book

Reference No.: 2009-1479

Schaper, T. (2009)

Organizing Equity Exchanges

In: Value Creation in E-Business Management, 15th Americas Conference on Information Systems AMCIS 2009; SIGeBIZ track, Springer LNBIP, pp. 204-217

Category: Book

Reference No.: 2009-1478

Muntermann, J. (2009)

On the Effectiveness of Privacy Breach Disclosure Legislation in Europe: Empirical Evidence from the US Stock Market

In: Proceedings of the The 14th Nordic Conference on Secure IT Systems (NordSec), Springer (LNCS); Oslo, Norway

Category: Proceedings

Reference No.: 2009-1458

Krüger, M. (2009)

Interbankenentgelte - ökonomisch notwendig oder wettbewerbsverzerrend?

In: Zeitschrift für das gesamte Kreditwesen, Ausgabe 17, 822-825

Category: Publications in journals

Abstract

Nicht erst seit dem laufenden Geldausgabeautomatenstreit zwischen den Sparkassen und der ING Diba wird das Thema Interbankenentgelte heiß diskutiert. Dabei sind die Fronten verhärtet: Befürworter sehen sie als elementare Erlösquelle, Gegner dagegen als Wettbewerbsverletzung und ungerechtfertigte Preisabsprachen. Aus Sicht des Autors braucht der Markt ein gemeinsames Interbankenentgelt, andererseits muss auch eine Gebühr von null nicht zwangsläufig den Ruin für die Banken bedeuten. Betroffen sind die Kunden, die mit höheren Kosten konfrontiert werden.

Reference No.: 2009-1456

Pfaff, D. (2009)

Sepa: Herausforderungen und Chancen für deutsche Banken im Firmenkundengeschäft

In: Zeitschrift für das gesamte Kreditwesen 17 vom 01.09.2009, Seite 841

Category: Publications in journals

Abstract

Die (weiterhin steigende) Zahl an Insolvenzen zeigt, dass ein gutes Liquiditätsmanagement insbesondere während, aber auch nach Krisensituationen gerade für kleine und mittelgroße Unternehmen existenzbestimmend sein kann. Deshalb ist es nahe liegend, dass der Autor nicht zuletzt in der Verkürzung des Cash-to-Cash-Cycles eines der größten Mehrwertpotenziale im Zahlungsverkehr sieht: Nur wer die elektronische Rechnung anbietet, wird künftig seinen Hausbankstatus halten können. Seine Handlungsempfehlung ist daher eindeutig: Die Banken müssen sich auch mit Blick auf internationale Wettbewerber je nach Zielgruppe nur noch entscheiden, ob sie entsprechende Basisdienstleistungen einkaufen oder selbst entwickeln wollen.

Reference No.: 2009-1455

Berger, S. (2009)

Strukturwandel der Wertschöpfung im Bankgeschäft

In: Verlag Dr. Kovac; Hamburg

Category: Dissertation thesis [Find it]

Abstract

Die Wertschöpfung im Bankgeschäft ist einem drastischen Wandel unterworfen. In der Branche sind daher verschiedene strategische Ansätze und Entwicklungen zu beobachten. Hierzu zählen insbesondere ein Aufbrechen der Wertschöpfungskette und ein Wandel in der Rolle des Finanzintermediärs, Modifikationen der internen Prozesse und eine zunehmende Vernetzung in der Wertschöpfung. Diese Buch greift daher diese strategischen Entwicklungen in vier Beiträgen auf: Der erste Beitrag untersucht die Finanzintermediation zwischen Kreditnehmern und -gebern auf Peer-to-Peer-Lending-Plattformen mit besonderer Berücksichtigung der Bildung von Gruppen. Der zweite Beitrag entwickelt und validiert ein Modell zur Gestaltung und Messung interner Prozesse für das Customer-Relationship-Management (CRM). Im dritten Beitrag wird der Einsatz von Selbstbedienungs-Technologie im Filialgeschäft als Teil interner Vertriebsprozesse analysiert. Dabei wird der Einfluss von Persönlichkeitseigenschaften des Kunden und Charakteristika der Kundenbeziehung auf die Adoptions­entscheidung untersucht. Schließlich befasst sich der vierte Beitrag mit den Netzwerkstrukturen von Konsortialbanken bei Neuemissionen (IPOs) und zeigt deren Einfluss auf den Emissionserfolg.

Reference No.: 2009-1454

Skiera, B. (2009)

Status Quo im Retailbanking in Deutschland 2008

In: Bericht des E-Finance Lab; Frankfurt am Main

Category: Other publications

Reference No.: 2009-1451

Lambrecht, A.; Skiera, B. (2009)

Managing Your Customer's Tariff Choice: What to Do When Your Customers Pay too Much

In: Marketing Intelligence Review, Vol.1(1), 17-23

Category: Publications in scientific journals

Reference No.: 2009-1450

Gleisner, F.; Hackethal, A.; Rauch, C. (2009)

Migration and the Retail Banking Industry - An Examination of Immigrants´ Bank Nationality Choice in Germany

In: European Journal of Finance (forthcoming)

Category: Publications in journals [Find it]

Abstract

We study the choice of bank nationality by foreign-born retail banking customers in the context of bank globalization. We argue theoretically that banks enter foreign markets to follow their non-corporate customers and thereby are able to exploit competitive advantages over domestic banks. Using detailed survey data on more than 1000 Turkish immigrants in Germany, we find that product differentiation explains the choice of a home nation bank and that ethnic origin in itself provides the strongest comparative advantage for foreign banks. We find evidence for a persistent 'home-bias' of customers with an immigration background even with increasing integration into the host country's culture. This result may be surprising given that a systematic difference in the choice of bank nationality should not be observable with more integrated immigrants. Our results contribute to the existing economic research on multinational bank expansion by providing insights into bank globalization as an accompaniment to labor market internationalization.

Reference No.: 2009-1439

Litty, T. (2009)

IPOs in Germany - An Empirical Analysis

In: Working Paper; Frankfurt am Main

Category: Miscellaneous

Reference No.: 2009-1436

Litty, T. (2009)

Optimal Portfolio Choice with Respect to Labor Income Risk - Evidence from Germany

In: Working Paper; Frankfurt am Main

Category: Miscellaneous

Reference No.: 2009-1435

Berger, S.; Mosch, A. (2009)

Bad Banks: Schlecht ist recht und recht ist schlecht

In: Bankmagazin 09/2009

Category: Publications in journals [Find it]

Abstract

Die Verkehrung von Schlechtem und Gutem ist schon seit Shakespeares Macbeth ein bekanntes Motiv - derzeit stellt sich die Frage, ob Special Purpose Vehicles nicht nur zur Finanzkrise beigetragen haben, sondern als "Bad Bank" ein Teil der Lösung sein könnten.

Reference No.: 2009-1425

Ende , B. (2009)

Insights into Institutional Investors' Adoption Decisions Concerning Technology-Driven Execution Opportunities

In: Proceedings of the 13th Pacific Asia Conference on Information Systems (PACIS); Hyderabad, India

Category: Proceedings

Reference No.: 2009-1420

Gregory, R.; Prifling, M.; Beck, R.; König, W. (2009)

The Role of Cultural Intelligence for the Emergence of Negotiated Culture in IT Offshore Outsourcing Projects

In: House of Finance Newsletter 2/2009; Frankfurt am Main

Category: Other publications

Reference No.: 2009-1412

Groth, S. (2009)

Further Evidence on "Technology and Liquidity Provision: The Blurring of Traditional Definitions"

In: EFA Doctoral Tutorial 2009; Bergen, Norway

Category: Proceedings

Reference No.: 2009-1410

Groth, S. (2009)

Algorithmic Trading Engines & Liquidity Contribution – The Blurring of "Traditional" Definitions

In: Software Services for e-Business and e-Society, 9th IFIP WG 6.1 Conference, I3E 2009; Proceedings, pp. 210-224, Springer, Boston

Category: Book

Reference No.: 2009-1409

Mosch, A.; Uysal, M. (2009)

Vertrieb: Innovation? Fehlanzeige!

In: Bankmagazin 04/2009; S.10-16

Category: Publications in journals

Reference No.: 2009-1405

Turczyk, L. (2009)

Information Lifecycle Management - Eine Methode zur Wertzuweisung von Dateien

Category: Dissertation thesis

Reference No.: 2009-1396

Berger, S. (2009)

Self service technology for sales purposes in branch banking – the impact of personality and relationship on customer adoption

In: International Journal of Bank Marketing 27(7), 488-505

Category: Publications in scientific journals [Find it]

Reference No.: 2009-1

Gomber, P.; Gsell, M. (2009)

Catching Up with Technology: The Impact of Regulatory Changes on ECNs/MTFs and the Trading Venue Landscape in Europe

In: Markets in Financial Instruments Directive - A Competitive Landscape, Eds.: Bala Bharathi Y, Lingisetti Venu, pp. 145-170; ICFAI Books, Hyderabad, India

Category: Book [Find it]

Reference No.: 2009-1389

Gomber, P.; Gsell, M. (2009)

A New Basic Law for Securities Trading in Europe

In: Markets in Financial Instruments Directive - A Competitive Landscape, Eds.: Bala Bharathi Y, Lingisetti Venu, pp. 3-11; ICFAI Books, Hyderabad, India

Category: Book [Find it]

Reference No.: 2009-1388

Eckert, J.; Repp, N.; Martin, W. (2009)

SOA Check 2009: Status Quo und Trends im Vergleich zum SOA Check 2008 und 2007

In: IT-Verlag, ISBN: 3-936052-34-4

Category: Book

Reference No.: 2009-1385

Niemann, M.; Janiesch, C.; Repp, N.; Steinmetz, R. (2009)

Challenges of Governance Approaches for Service-Oriented Architectures

In: Proceedings of the Third IEEE International Conference on Digital Ecosystems and Technologies (IEEE DEST 2009)

Category: Publications in scientific journals

Reference No.: 2009-1384

Janiesch, C.; Niemann, M.; Repp, N. (2009)

Towards a Service Governance Framework for the Internet of Services

In: Proceedings of the 17th European Conference on Information Systems, ECIS 2009

Category: Proceedings

Abstract

Companies nowadays face constantly changing market conditions, new competitive threats, and new legal regulations. Service-oriented Architectures (SOA) provide a promising way to address these challenges at the level of the company’s IT infrastructure. The paradigm of the Internet of Services envisions trade on a global service-enabled internet. Governance frameworks have been introduced to guideline an enterprise’s organisation and IT and ensure smooth operations. More specifically, IT Governance and recently SOA Governance have been established. The basic structure of IT governance frameworks is applicable to SOA. However, they lack functionality or applicability concerning SOA-specific challenges. Current approaches that focus mere SOA Governance lack framework scope. The issue aggravates taking into account the current shift to a marketplace-like Internet of Services. We identify these issues and provide initial insights on building blocks for a Service Governance Framework that enables operations for companies in a brokered service network. We discuss service lifecycle phases, stakeholder roles, and management processes taking into consideration existing frameworks such as ITIL and CObIT as well as industry-specific approaches from companies such as SAP, Oracle, and HP.

Reference No.: 2009-1383

Niemann, M.; Appel, M.; Repp, N.; Steinmetz, R. (2009)

Towards a Consistent Service Lifecycle Model in Service Governance

In: Proceedings of the Fifteenth Americas Conference on Information Systems; San Francisco, USA

Category: Publications in scientific journals

Reference No.: 2009-1382

Papageorgiou, A.; Schulte, S.; Schuller, D.; Niemann, M.; Repp, N.; Steinmetz, R. (2009)

Governance of a Service-Oriented Architecture for Environmental and Public Security

In: Information Technologies in Environmental Engineering, ITEE 2009 - Fourth International ICSC Symposium; Springer, Berlin Heidelberg New York

Category: Proceedings

Abstract

Research for the application of technical support in environmental projects has grown rapidly due to the progress of sensor network systems and the large, scalable IT infrastructures that can unify and expand them. There are numerous attempts to make use of new technologies in order to serve environmental purposes. The research presented in this paper focuses on critical aspects of the core infrastructure of a project that aims to serve these purposes as well. The nature of the actions that must be taken against environmental disasters, which are our target use cases, dictate that extended, cross-organizational information and communication systems are engaged. In order to integrate information from different sources and process heterogeneous services, the IT infrastructure is based on the paradigm of Service-Oriented Architectures (SOA). However, the distributed and often very large nature of an SOA leads to a need for governance mechanisms. We present an SOA governance approach targeted to serve the purposes of large-scale distributed IT landscapes for environmental and public security.

Reference No.: 2009-1379

Schuller, D.; Papageorgiou, A.; Schulte, S.; Eckert, J.; Repp, N.; Steinmetz, R. (2009)

Process Reliability in Service-Oriented Architectures

In: Proceedings of the Third IEEE International Conference on Digital Ecosystems and Technologies (IEEE DEST 2009)

Category: Proceedings

Reference No.: 2009-1377

Miede, A.; Braun, S.; Eckert, J.; Schuller, D.; Repp, N.; Steinmetz, R. (2009)

A Comparison of Self-Organization Mechanisms in Nature and Information Technology

In: Proceedings of the Fifteenth Americas Conference on Information Systems (AMCIS), San Francisco, California, August 6th--9th 2009; San Francisco, California

Category: Proceedings

Reference No.: 2009-1376

Kühner, A.; Nitsche, M.; Mosch, A. (2009)

Beschwerden? Bitte recht freundlich!

In: Bankmagazin, Vol. 6, S.32-34

Category: Publications in journals

Reference No.: 2009-1375

Mosch, A. (2009)

Mehr Transparenz für den Kunden

In: Bankmagazin, Vol. 6, S.22-23

Category: Publications in journals

Reference No.: 2009-1374

Ende , B.; Gomber, P.; Lutat, M. (2009)

Smart Order Routing Technology in the New European Equity Trading Landscape

In: Software Services for e-Business and e-Society, 9th IFIP WG 6.1 Conference, I3E 2009; Proceedings, pp. 197-209, Springer, Boston

Category: Proceedings

Reference No.: 2009-1373

Chlistalla, M.; Schaper, T. (2009)

Modifying the Balanced Scorecard for a Network Industry - The Case of the Clearing Industry

In: Software Services for e-Business and e-Society, 9th IFIP WG 6.1 Conference, I3E 2009; Proceedings, pp. 255-271, Springer, Boston

Category: Book

Reference No.: 2009-1364

Schaper, T. (2009)

Integrating securities settlement

In: Software Services for e-Business and e-Society, 9th IFIP WG 6.1 Conference, I3E 2009; Proceedings, pp. 385-399, Springer, Boston

Category: Book

Reference No.: 2009-1363

Vykoukal, J.; Wolf, M.; Beck, R. (2009)

Does Green IT Matter? Analysis of the Relationship between Green IT and Grid Technology from a Resource-Based View Perspective

In: Proceedings of the 13th Pacific Asia Conference on Information Systems (PACIS 2009); Hyderabad, India

Category: Proceedings [Password Protected Download] (Please contact the author)

Reference No.: 2009-1353

Wolf, M.; Vykoukal, J.; Beck, R. (2009)

Impact of Services Grid Assimilation on the Level of Business Agility

In: Proceedings of the 2nd International Conference on Information Resources Management (Conf-IRM); Al-Ain, United Arab Emirates

Category: Proceedings [Password Protected Download] (Please contact the author)

Reference No.: 2009-1351

Miede, A.; Behuet, J.; Papageorgiou, A.; Niemann, M.; Repp, N.; Steinmetz, R. (2009)

Qualitative and Quantitative Aspects of Cooperation Mechanisms for Monitoring in Service-oriented Architectures

In: Proceedings of the Third IEEE International Conference on Digital Ecosystems and Technologies (IEEE DEST 2009)

Category: Proceedings

Abstract

Cooperation mechanisms for agents monitoring service-based workflows are a means to address the increasing complexity of modern enterprise architectures. These mechanisms are inspired by existing biological mechanisms and extend an existing decentralized monitoring architecture in order to handle deviations from Service Level Agreements autono-mously. As the core cooperation mechanisms have been subject of our previous work and have been described in detail earlier, we present now an evaluation of our concepts regarding both effectiveness and efficiency, based on an implemented proto-type.

Reference No.: 2009-1348

Westerfeld, H.; Blumenberg, S. (2009)

Public Private Partnership - Ein Ausweg aus der Wirtschaftskrise?

In: eGovernment Computing 6-2009

Category: Publications in journals

Reference No.: 2009-1342

Eckert, J.; Repp, N.; Steinmetz, R. (2009)

The Implementation of Service-oriented Architectures in the German Banking Industry – A Case Study

In: Proceedings of the 15th Americas Conference on Information Systems (AMCIS 2009); San Francisco, USA

Category: Proceedings

Reference No.: 2009-1341

Gregory, R.; Prifling, M.; Beck, R. (2009)

The Role of Cultural Intelligence for the Emergence of Negotiated Culture in IT Offshore Outsourcing Projects

In: Information Technology and People, Vol. 22, No. 3, 2009, pp. 223-241.

Category: Publications in scientific journals [Password Protected Download] (Please contact the author)

Reference No.: 2009-1340

Laumer, S.; von Stetten, A.; Eckhardt, A. (2009)

E-Assessment

In: WIRTSCHAFTSINFORMATIK, 51(3), pp. 306-308

Category: Publications in scientific journals [Find it]

Reference No.: 2009-1335

Schlosser, F. (2009)

Die Bedeutung von IT/Business-Alignment für nachhaltigen Unternehmenserfolg - Ein theoretisches Rahmenwerk und Richtlinien für die Praxis

In: Tagungsband zum Doctoral Consortium der WI 2009, Bayreuther Arbeitspapiere zur Wirtschaftsinformatik, No. 40

Category: Proceedings

Reference No.: 2009-1334

Beimborn, D.; Schlosser, F.; Weitzel, T. (2009)

Examining the Relationship Between Trust and Control in IT Outsourcing Relationships

In: Proceedings of the 17th European Conference on Information Systems (ECIS09); Verona, Italy

Category: Proceedings

Reference No.: 2009-1333

Schulte, S.; Kadner, K.; Repp, N.; Steinmetz, R. (2009)

Applied Service Engineering for Single Services and Corresponding Service Landscapes

In: 15th Americas Conference on Information Systems (AMCIS 2009); San Francisco, CA, USA

Category: Proceedings

Abstract

Building reusable and autonomous services that possess the proper degree of granularity is critical for the success of a service-oriented architecture (SOA), especially for large and heterogeneous IT landscapes. While there are a number of approaches to service engineering, most of these approaches are designed with a special purpose or project context in mind. This paper presents a pragmatic approach to service engineering that can be applied in scenarios where it is particularly necessary to identify service interfaces with the right granularity. The approach is based on a comparison of service engineering methodologies with special regard for their ability to connect different levels of an SOA. We apply concepts from this approach to build single services and their service landscapes. We also suggest the utilization of service inventory techniques to evaluate and assess the outcome of the proposed service engineering methodology.

Reference No.: 2009-1332

Pujol, G.; Brückner, A. (2009)

Smart Order Routing and Best Execution

In: Proceedings of the Fifteenth Americas Conference on Information Systems (AMCIS); San Francisco, California, USA

Category: Proceedings [Find it]

Reference No.: 2009-1331

Lutat, M.; Chlistalla, M. (2009)

Liquidity in times of competition - Evidence from the European stock market

In: Proceedings of the 13th Pacific Asia Conference on Information Systems (PACIS); Hyderabad, India

Category: Proceedings

Reference No.: 2009-1329

Gsell, M. (2009)

Technological Innovations in Securities Trading: The Adoption of Algorithmic Trading

In: Proceedings of the 13th Pacific Asia Conference on Information Systems (PACIS); Hyderabad, India

Category: Proceedings

Reference No.: 2009-1328

Hinz, O.; Schwind, M.; Beck, R. (2009)

Robustheit und Kostenersparnis für IT-basierte Finanzapplikationen in Zeiten der Krise

In: Grid Computing in der Finanzindustrie; BoD, Norderstedt

Category: Chapter in book

Reference No.: 2009-1326

Beimborn, D.; Joachim, N.; Schlosser, F.; Streicher, B. (2009)

The Role of IT/Business Alignment for Achieving SOA Business Value – Proposing a Research Model

In: Proceedings of the 15th Americas Conference on Information Systems (AMCIS 2009); San Francisco, USA

Category: Proceedings

Abstract

What is the interplay between IT/Business alignment and Service-oriented Architecture (SOA) regarding the achievement of business value in terms of business flexibility? This paper introduces a conceptual model that derives propositions about how IT/Business alignment, IT flexibility, and business flexibility are interrelated and how SOA and alignment interact in order to increase business flexibility. We apply and integrate well-known multi-dimensional concepts of both IT/Business alignment (in terms of strategic alignment, structural alignment, and social alignment) and IT flexibility (technical and non-technical IT flexibility) and map the conceptual components of SOA (architectural and the governance dimension) to this resulting model. This conceptualization will allow for more profoundly structured research on how SOA contributes to business value.

Reference No.: 2009-1323

Münstermann, B.; Joachim, N.; Beimborn, D. (2009)

An empirical evaluation of the impact of process standardization on process performance and flexibility

In: Proceedings of the 15th Americas Conference on Information Systems (AMCIS 2009); San Francisco, USA

Category: Proceedings

Abstract

This paper argues that business process standardization, as part of BPM activities, is an effective way to improve business process flexibility and performance. We develop and empirically evaluate a theoretical model of the differential impact of business process homogenization and optimization on business process flexibility and performance. The analysis based on data from 85 large firms shows a strong and highly significant influence of process standardization on business process flexibility and performance. This paper is among the first to propose a research model and empirical operationalization to analyze the twofold impact of process standardization on business process flexibility and performance. For practitioners the paper provides actionable recommendations on how to apply the findings to their management context.

Reference No.: 2009-1322

Beimborn, D.; Joachim, N.; Münstermann, B. (2009)

Impact of Service-oriented Architectures (SOA) on Business Process Standardization – Proposing a Research Model

In: Proceedings of the 17th European Conference on Information Systems (ECIS); Verona, Italy

Category: Proceedings

Abstract

What is the impact of a Service-oriented Architecture (SOA) on the efficiency and effectiveness of business process standardization (BPS)? The contribution of this paper is the development of a research model around the impact of SOA on BPS in terms of achieving fundamental efficiency and flexibility potentials while covering both the business layer and the IT layer of the firm. Drawing on an accepted and widespread enterprise architecture model, we derive propositions that explain why and how SOA’s characteristics help to standardize business processes and how the interplay between SOA and BPS leads to an increased overall business value. Additional moderator arguments, such as the level of service granularity, the centrality of SOA governance, or Business IT alignment, are added to the research model as critical success factors of achieving business value of SOA.

Reference No.: 2009-1321

Mosch, A. (2009)

Qualitätsinitiative Verbraucherfinanzen - Teil1, Eine neue Zeitrechnung fur die Beratung

In: Bankmagazin, Vol. 5, 24-26

Category: Publications in journals

Reference No.: 2009-1312

Kühner, A.; Mosch, A.; Nitsche, M. (2009)

Die Verschmelzung von Online und Offline-Welt

In: Bankmagazin, Vol.5, 46-49

Category: Publications in journals

Reference No.: 2009-1311

Mosch, A. (2009)

SB-Lösungen: In der Fernbeziehung den Kundenertrag steigern

In: Bankmagazin, Vol. 4, 52-54

Category: Publications in journals

Reference No.: 2009-1310

Schaper, T.; Chlistalla, M. (2009)

Deriving a Balanced Scorecard for the European Settlement Industry

In: Proceedings of the Fifteenth Americas Conference on Information Systems (AMCIS); San Francisco, California, USA

Category: Proceedings [Find it]

Reference No.: 2009-1309

Schaper, T. (2009)

Organizing Equity Exchanges

In: Proceedings of the Fifteenth Americas Conference on Information Systems (AMCIS); San Francisco, California, USA

Category: Proceedings [Find it]

Reference No.: 2009-1308

Chlistalla, M.; Lutat, M. (2009)

The Impact of new Execution Venues on European Equity Markets’ Liquidity – The Case of Chi-X

In: Proceedings of the Fifteenth Americas Conference on Information Systems (AMCIS); San Francisco, California, USA

Category: Proceedings [Find it]

Reference No.: 2009-1307

Gomber, P.; Ende , B.; Gsell, M. (2009)

Order Handling of Institutional Investors

In: EFL Quarterly 02/2009, pp. 6-8; Frankfurt

Category: Other publications

Reference No.: 2009-1306

Gomber, P.; Groth, S.; Gsell, M. (2009)

Algorithmischer Handel auf Finanzmärkten - Handels- und Orderabgabeverhalten von Computern versus menschlichen Händlern

In: Zeitschrift für das gesamte Kreditwesen, Ausgabe Technik 2-2009, pp. 11-14; Frankfurt

Category: Publications in scientific journals

Reference No.: 2009-1305

Fischer, M.; Steffen, S.; Mattes, J. (2009)

Bank Capital Ratios, Competition and Loan Spreads

In: Working Paper; Frankfurt am Main

Category: Miscellaneous

Reference No.: 2009-1292

Schaper, T.; Chlistalla, M. (2009)

Deriving a Balanced Scorecard for the European Settlement Industry

In: 5th Conference on Performance Measurement and Management Control; Nice, France

Category: Proceedings

Reference No.: 2009-1291

Chlistalla, M.; Schaper, T. (2009)

Modifying the Balanced Scorecard for a Network Industry - The Case of the Clearing Industry

In: 5th Conference on Performance Measurement and Management Control; Nice, France

Category: Proceedings

Reference No.: 2009-1290

Litty, T.; Rauch, C.; Wahrenburg, M. (2009)

Private Equity in Deutschland - Eine empirische Marktanalyse

In: E-Finance Lab Book Series; Frankfurt am Main

Category: Book

Reference No.: 2009-1289

Vykoukal, J.; Beck, R.; Wolf, M. (2009)

Grid-Architektur für Risikomanagement: Eine Fallstudie bei einem Finanzinstitut

In: Grid Computing in der Finanzindustrie, Books on Demand; Norderstedt

Category: Chapter in book [Password Protected Download] (Please contact the author)

Reference No.: 2009-1286

Schaper, T. (2009)

Organising Equity Exchanges

In: 7th INFINITI Conference on International Finance; Dublin, Ireland

Category: Proceedings [Password Protected Download] (Please contact the author)

Reference No.: 2009-1285

Eckert, J.; Papageorgiou, A.; Repp, N.; Steinmetz, R. (2009)

The Impact of Service Pricing Models on Service Selection

In: 4th International Conference on Internet and Web Applications and Services (ICIW'09); Venice, Italy

Category: Proceedings

Reference No.: 2009-1278

Krüger, M. (2009)

The Elasticity Pricing Rule for Two-sided Markets: A Note

In: Review of Network Economics 8(3), S. 271-278

Category: Publications in scientific journals [Find it]

Reference No.: 2009-1277

Gomber, P. (2009)

The transformed environment of the derivatives industry after recent market turmoil

In: Focus 03/2009, pp. 4-7; World Federation of Exchanges, Paris

Category: Other publications

Reference No.: 2009-1272

Ende , B.; Gomber, P.; Lutat, M. (2009)

The Economic Value of Smart Order Routing in European Equity Trading

In: Working Paper; presented at the 5th International Finance Conference; Hammamet, Tunisia

Category: Working papers

Reference No.: 2009-1271

Gewald, H.; Dibbern, J. (2009)

Risks and Benefits of Business Process Outsourcing: A Study of Transaction Services in the German Banking Industry

In: Information & Management 46(4), 249-257

Category: Publications in scientific journals [Find it]

Abstract

We developed a model of the adoption of business process outsourcing (BPO) based on risk-benefit analysis. The model was tested in the German Banking Industry in four areas of transaction processing. Our results showed that, in general, perceived BPO benefits have a substantially stronger impact on intention to increase the level of BPO than perceived risks. However, the experience that banks have with the BPO process, [whether already decided on BPO (Pro), still in the pre-decision phase (Neutral), or opted against BPO (Contra)], moderated the impact of factors affecting the perceived risks and benefits of BPO. Banks that opted for BPO were mostly driven by a desire to focus on their core business while considering financial risks. Banks in the neutral position had the most balanced view of risks and benefits, mainly financial and performance ones, and also focusing on the core business and increased business process performance. Those banks that decided against BPO mostly focused on benefits though the perceived risks were mostly formed by strategic and performance risks rather than financial ones. The results point out the path dependencies of the BPO decision.

Reference No.: 2009-1269

Nickerson, R.; Varshney, U.; Muntermann, J.; Isaac, H. (2009)

Taxonomy Development in Information Systems: Developing a Taxonomy of Mobile Applications

In: Proceedings of the 17th European Conference on Information Systems (ECIS); Verona, Italy

Category: Proceedings [Find it]

Reference No.: 2009-1268

Muntermann, J. (2009)

Integrating Value-Adding Services into an Emergency Management System for Tourist Destinations

In: Proceedings of the 17th European Conference on Information Systems (ECIS); Verona, Italy

Category: Proceedings [Find it]

Reference No.: 2009-1267

Gomber, P.; Ende , B.; Gsell, M. (2009)

Order Handling of Institutional Investors

In: Study Report

Category: Miscellaneous

Reference No.: 2009-1262

Berger, S.; Gleisner, F. (2009)

Emergence of Financial Intermediaries on Electronic Markets: The Case of Online P2P Lending

In: Business Research 2(1), 39-65

Category: Publications in scientific journals [Find it]

Abstract

We analyze the role of intermediaries in electronic markets using detailed data of more than 14,000 originated loans on an electronic P2P (peer-to-peer) lending platform. On such an electronic credit market lenders bid to supply a private loan. Screening of potential borrowers and the monitoring of loan repayment can be delegated to designated group leaders. We find that these market participants act as financial intermediaries and significantly improve borrowers' credit conditions, predominantly for borrowers with less attractive risk characteristics. As suggested by traditional intermediation theory, the intermediary creates value by reducing information asymmetries between borrowers and lenders. Our findings are robust to self-selection and characteristics of the financial transactions, and may be surprising given the replacement of a bank as the traditional intermediary by an electronic marketplace.

Reference No.: 2009-1260

Eckert, J.; Hinz, O.; Skiera, B. (2009)

Stichwort: Long Tail

In: Die Betriebswirtschaft; 6, 761-765

Category: Publications in scientific journals

Reference No.: 2009-1256

Hinz, O.; Beck, R.; Skiera, B.; König, W. (2009)

Grid Computing in der Finanzindustrie

In: Books on Demand; Norderstedt

Category: Buch (Hrsg.)

Abstract

Der verstärkte Wettbewerbs- und Kostendruck im Bankensektor erhöht den Restrukturierungs- und Automatisierungsbedarf IT-basierter Geschäftsprozesse im Banken- und Finanzdienstleistungssektor. Eine Möglichkeit, in diesem dynamischen Markt wettbewerbsfähig zu bleiben, ist der Aufbau eines kollaborativen IT-Systems, welches einerseits ermöglicht Geschäftsprozesse „on the fly“ je nach Bedarf an die neuen Anforderungen und Bedingungen anzupassen, und andererseits dabei hilft vorhandene IT-Ressourcen effizienter auszunutzen. Auf Grid Computing basierende Systeme stellen eine Lösung dar, die Wettbewerbsfähigkeit durch eine service-orientierte und kosteneffiziente Infrastruktur zu sichern. "Grid Computing in der Finanzindustrie" ist ein Herausgeberband des E-Finance Lab der Goethe-Universität Frankfurt und soll dem Leser Grid Computing und dessen Einsatzmöglichkeiten näherbringen. Es setzt sich aus sieben Artikeln zusammen. Zuerst werden dem Leser die Technologie „Grid Computing“ und deren Einsatzmöglichkeiten erklärt. Im Anschluss werden zum einen die aktuelle Verbreitung und die Gründe, die für eine Nutzung dieser Technologie sprechen, und zum anderen die Hürden und Hindernisse beim Einsatz von Grid Computing auf Basis einer aktuellen empirischen Studie gemessen und identifiziert. Die folgenden Artikel geben Lösungsmöglichkeiten zu ausgewählten Hindernissen bei der Nutzung von Grid Computing und untermauern anhand von Fallstudien die wirtschaftlichen Vorteile dieser Technologie.

Reference No.: 2009-1254

Spann, M.; Skiera, B. (2009)

Sports Forecasting: A Comparison of the Forecast Accuracy of Prediction Markets, Betting Odds and Tipsters

In: Journal of Forecasting, Vol. 28, 55-72

Category: Publications in scientific journals [Find it]

Abstract

This article compares the forecast accuracy of different methods, namely prediction markets, tipsters and betting odds, and assesses the ability of prediction markets and tipsters to generate profi ts systematically in a betting market. We present the results of an empirical study that uses data from 678–837 games of three seasons of the German premier soccer league. Prediction markets and betting odds perform equally well in terms of forecasting accuracy, but both methods strongly outperform tipsters. A weighting-based combination of the forecasts of these methods leads to a slightly higher forecast accuracy, whereas a rule-based combination improves forecast accuracy substantially. However, none of the forecasts leads to systematic monetary gains in betting markets because of the high fees (25%) charged by the state-owned bookmaker in Germany. Lower fees (e.g., approximately 12% or 0%) would provide systematic profi ts if punters exploited the information from prediction markets and bet only on a selected number of games.

Reference No.: 2009-1253

Spann, M.; Ernst, H.; Skiera, B.; Soll, J. (2009)

Identification of Lead Users for Consumer Products via Virtual Stock Markets

In: Journal of Product Innovation Management, 26(3), S. 322-335

Category: Publications in scientific journals [Find it]

Abstract

Newly launched products in the consumer goods and services markets show high failure rates. In order to reduce the failure rates, companies can integrate innovative and knowledgeable customers, the so called ‘lead users’, into the new product development process. However, the detection of such lead users is difficult, especially in consumer product markets with very large customer bases. A new and potentially valuable approach towards the identification of lead users involves the use of Virtual Stock Markets, which have been proposed and applied for political and business forecasting, but not for the identification of experts such as lead users. The basic concept of Virtual Stock Markets is bringing a group of participants together via the Internet and allowing them to trade shares of virtual stocks. These stocks represent a bet on the outcome of future market situations and their value depends on the realization of these market situations. In this process, a Virtual Stock Market elicits and aggregates the assessments of its participants concerning future market developments. Virtual Stock Markets might also serve as a feasible instrument to filter out lead users, primarily for the following two reasons. Firstly, a "self-selection effect" might occur because sophisticated consumers with a higher involvement in the product of interest decide to participate in Virtual Stock Markets. Secondly, a "performance effect" is likely to arise because well-performing participants in Virtual Stock Markets show a better understanding of the market than their (already self-selected) fellow participants. So far, only limited information exists about these two effects and their relation to lead user characteristics. The goal of this article is to analyze the feasibility of Virtual Stock Markets for the identification of lead users. The results of our empirical study show that Virtual Stock Markets can be an effective instrument to identify lead users in consumer products markets. Furthermore, the results show that not all lead users perform well in Virtual Stock Markets. Hence, Virtual Stock Markets allow identifying lead users with superior abilities to forecast market success.

Reference No.: 2009-1252

Wolk, A.; Skiera, B. (2009)

Antecedents and Consequences of the Online Channel Performance

In: Journal of Retailing and Consumer Services, 16(3), 163-173

Category: Publications in scientific journals [Find it]

Abstract

Internet distribution channels may be either advantageous or detrimental for a company. Therefore, this study analyzes their performance, antecedents, and effect on company performance. Using survey data from multichannel retailers and structural equation model methodology, the authors show that Internet channel performance contributes to both financial and strategic company performance, with a greater effect on the latter. Similar and uncoordinated channels hinder Internet channel performance, but experience with direct channels and channel power are not required to pursue an Internet channel successfully. Customer migration and managerial commitment to the Internet channel have strong positive influences on financial performance. Overall, the results encourage the adoption and development of Internet channels.

Reference No.: 2009-1251

Muntermann, J.; Wilke, D. (2009)

Endstation Medienbruch: die Rolle der elektronischen Signatur

In: Bank und Markt, Vol. 38, No.3

Category: Publications in journals

Reference No.: 2009-1250

Skiera, B. (2009)

Ehrlichkeit statt Selbstbetrug

In: E-Commerce Magazin, Ausgabe 1, S. 26-29

Category: Publications in journals [Find it]

Abstract

An Suchmaschinen-Marketing führt kein Weg vorbei. Doch wegen dieser Dringlichkeit täuschen sich viele Unternehmen bei der Berechnung der tatsächlichen Kosten durch frommen Selbstbetrug. Dabei lasen sich diese Kosten exakt berechnen.

Reference No.: 2009-1249

Blumenberg, S. (2009)

A Relational View on IT Outsourcing: Identifying Dimensions and Determinants of Relationship Quality

In: ibidem; Stuttgart

Category: Dissertation thesis

Reference No.: 2009-1248

Schweickert, U.; Budimir, M. (2009)

Latency in Electronic Securities Trading - A Proposal for Systematic Measurement

In: Journal of Trading, Volume 4, No. 3, pp. 47-55

Category: Publications in journals

Reference No.: 2009-1238

Mosch, A.; Uysal, M. (2009)

Zielgruppe Heavy Trader: Ihr Kunde, der Profi

In: Bankmagazin 03/2009

Category: Publications in journals

Reference No.: 2009-1235

Gsell, M. (2009)

Algorithmic Activity on Xetra

In: Journal of Trading, Volume 4, No. 3, pp. 74-86

Category: Publications in journals

Reference No.: 2009-1232

Gomber, P.; Pujol, G.; Wranik, A. (2009)

MiFID Umsetzung in Deutschland - Eine Analyse der Grundsaetze der Auftragsausfuehrung

In: Zeitschrift fuer Bankrecht und Bankwirtschaft, Vol. 21, No. 1, pp. 72-82

Category: Publications in scientific journals

Reference No.: 2009-1231

Muntermann, J. (2009)

Towards ubiquitous Information Supply for Individual Investors: A Decision Support System Design

In: Decision Support Systems, Vol. 47(2), pp. 82-92

Category: Publications in scientific journals [Find it]

Reference No.: 2009-1228

Nies, J. (2009)

Ex-Dividend Behavior of German Stocks

In: Working Paper; Frankfurt am Main

Category: Miscellaneous

Reference No.: 2009-1227

Skiera, B.; Wiesel, T.; Schulze, C. (2009)

Customer-based Firm Valuation

In: Campus for Finance - Research Conference; Vallendar, Germany (awarded "Best Paper", 3rd price)

Category: Proceedings

Abstract

We develop a model for firms with contractual customer relationships to link customer metrics (such as customer cash flow, number of customers, and customer retention) to customer equity and shareholder value. This model allows us to calculate a firm's shareholder value and to evaluate the effect of changes in customer metrics on shareholder value. Our empirical studies, our analytical solutions and our simulation study show that customer retention has by far the greatest impact on shareholder value. Furthermore, we propose a ratio of customer equity to shareholder value to identify firms in which changes in customer metrics have a particularly large impact on shareholder value. Our findings allow researchers and managers who analyze the impact of marketing investments on customer metrics to assess their results in terms of shareholder value and to evaluate firms by using customer metrics.

Reference No.: 2009-1225

Messerschmidt, C.; Berger, S.; Skiera, B. (2009)

Hot or Not? Acceptance of Web 2.0 Applications for Retail Banking Customers

In: EFL Quarterly 1/2009 , S.6-8

Category: Other publications [Find it]

Reference No.: 2009-1066

Gsell, M.; Gomber, P. (2009)

Algorithmic trading engines versus human traders - Do they behave different in securities markets?

In: Proceedings of the 17th European Conference on Information Systems (ECIS 2009); Verona, Italy

Category: Proceedings [Find it]

Reference No.: 2009-1059

Vykoukal, J.; Wolf, M.; Beck, R. (2009)

Service-Grids in der Industrie – On-Demand-Bereitstellung und Nutzung von Grid-basierten Services in Unternehmen

In: WIRTSCHAFTSINFORMATIK, 51(2), pp. 206-214

Category: Publications in scientific journals [Password Protected Download] (Please contact the author)

Reference No.: 2009-1056

Miede, A.; Behuet, J.; Repp, N.; Eckert, J.; Steinmetz, R. (2009)

Cooperation Mechanisms for Monitoring Agents in Service-oriented Architectures

In: Tagungsband der 9. internationalen Tagung Wirtschaftsinformatik 2009

Category: Proceedings

Reference No.: 2009-1053

Blumenberg, S.; Wagner, H.; Beimborn, D. (2009)

Knowledge Transfer Processes in IT Outsourcing Relationships and their Impact on Shared Knowledge and Outsourcing Performance

In: International Journal of Information Management (IJIM), Volume 29, Issue 5

Category: Publications in scientific journals [Find it]

Abstract

What is the impact of specific knowledge transfer processes on the level of shared knowledge and, in turn, on outsourcing performance in outsourcing relationships? Drawing on a series of case studies covering IT providers and banks, we investigate several applied knowledge transfer processes dedicated to the transfer of explicit or tacit knowledge between outsourcing banks and their providers. We examine the differential influence of various types of knowledge transfer on shared knowledge between the parties and on the resulting outsourcing performance. Results depict the differential impact of various knowledge transfer processes dedicated to the transfer of explicit, or tacit knowledge, respectively, on the development of shared knowledge. Interestingly, the combination of both knowledge transfer processes dedicated to the transfer of explicit knowledge and those dedicated to the transfer of tacit knowledge proves to be most effective. Furthermore the results indicate that high levels of shared knowledge positively influence outsourcing performance. In addition to previous literature, we found transfer processes for explicit knowledge in an outsourcing context to consist of two dimensions: The content dimension, primarily focused on in literature, and the sender-receiver dimension of transfer processes which are rarely addressed in outsourcing literature. The content dimension embraces mechanisms such as trainings, SLAs and standards that define how content has to be interpreted, whereas the sender-receiver dimension of transfer processes of explicit knowledge defines explicit, documented interaction structures between parties.

Reference No.: 2009-1051

Gsell, M. (2009)

Algorithmic Activity on Xetra

In: Campus for Finance Research Conference 2009; WHU - Otto Beisheim School of Management, Vallendar

Category: Proceedings

Reference No.: 2009-1211

Groth, S.; Muntermann, J. (2009)

Supporting Investment Management Processes with Machine Learning Techniques

In: Proceedings of the 9th Internationale Tagung Wirtschaftsinformatik, vol. 2, pp. 275-284; Vienna, Austria

Category: Proceedings

Reference No.: 2009-1049

Schott, K.; Gregory, R.; Beck, R. (2009)

Measuring Client-Vendor Distance in Global Outsourcing Relationships: A Conceptual Model

In: 9. Internationale Tagung Wirtschaftsinformatik; Wien, Österreich

Category: Proceedings [Password Protected Download] (Please contact the author)

Reference No.: 2009-1048

Prifling, M.; Gregory, R.; Beck, R. (2009)

Project Control in IT Offshore Outsourcing Projects: From Behaviour Control to Output Control to Good Client-Vendor Relationship

In: 9. Internationale Tagung Wirtschaftsinformatik; Wien, Österreich

Category: Proceedings [Password Protected Download] (Please contact the author)

Reference No.: 2009-1047

Beimborn, D.; Schlosser, F.; Weitzel, T. (2009)

Proposing a theoretical model for IT governance and IT business alignment

In: 42nd Hawaii International Conference on System Sciences (HICSS-42); Waikoloa (HI), USA

Category: Proceedings

Abstract

This paper suggests to extend the view that strateg-ic alignment is a core IT governance issue and post-ulates that considering operational alignment as well offers more precise insights into how governance mechanisms influence business process performance. Theoretically combining findings from IT value, IT business alignment and IT governance research, we show the tantamount role of top executive support and operational alignment from a governance perspective. Empirical data from 82 firms show, among others, that the impact of IT governance mechanisms on success is mediated by strategic and operational alignment.

Reference No.: 2009-1046

Blumenberg, S.; Beimborn, D.; Martin, S.; Brodnik, B.; Gunne, C.; Wendt, S. (2009)

Determinants of Outsourcing Success in the Financial Industry: The Impact of Importance

In: 42nd Hawaii International Conference on System Sciences; Hawaii, USA

Category: Proceedings

Reference No.: 2009-1042

Prifling, M.; Gregory, R.; Beck, R. (2009)

Changing Psychological Contracts and their Effect on Control Modes in IT Offshore Outsourcing Projects - A Case from the Financial Services Industry

In: Proceedings of the Hawaii International Conference on System Sciences (HICSS-42); Waikoloa, Big Island, Hawaii

Category: Proceedings [Password Protected Download] (Please contact the author)

Reference No.: 2009-1041

Beimborn, D.; Gleisner, F.; Joachim, N.; Hackethal, A. (2009)

The Role of Process Standardization in Achieving IT Business Value

In: Hawaii International Conference on System Sciences (HICSS-42); Big Island, Hawaii, USA

Category: Proceedings

Abstract

We empirically investigate the interplay and impact of process standardization and IT intensity on business process performance in terms of efficiency, quality, control, and processing time. To this aim we surveyed the retail advisory operations of Germany’s largest banks. We find that standardization enhances efficiency, quality and control of the advisory process. Additionally, IT intensity on its own shows positive effects on efficiency and quality as well, while it leads to more customer facing time needed for a single customer. Also, the interaction effect with process standardization is relevant. We conclude that IT creates business value through facilitating process standardization and process control. Our results strongly indicate that managers have to look carefully at the type of the processes before standardizing it.

Reference No.: 2009-1040

Gregory, R.; Beck, R.; Prifling, M. (2009)

Breaching the Knowledge Transfer Blockade in IT Offshore Outsourcing Projects - A Case from the Financial Services Industry

In: Proceedings of the Hawaii International Conference on System Sciences (HICSS-42), Winner of the BEST PAPER AWARD; Waikoloa, Big Island, Hawaii

Category: Proceedings [Password Protected Download] (Please contact the author)

Reference No.: 2009-1039

Berger, S.; Gensler, S.; Skiera, B.; Wiesel, T. (2009)

Customer Relationship Management Processes in Retail Banking - Best Practice and Business Value Evaluation

In: Proceedings of 42nd Hawaii International Conference on System Sciences (HICSS); Big Island, Hawaii, USA

Category: Proceedings [Password Protected Download] (Please contact the author) [Find it]

Abstract

A competitive implementation of customer relationship management (CRM) in retail banking requires business processes aligned to the value contribution. The objective of this paper is to derive a reference process on macro-level from industry best practice and validate its applicability in a survey. Furthermore, we introduce a new method for evaluating existing business process implementations with respect to the business value, as measured by the value of the customer base as relevant overall key performance measure. Comparing the individual company process and the reference process, in-house and external experts can evaluate the gaps by using the decision calculus method. This allows a clear recommendation on the prioritization of potential process modifications and quantifies their effect in terms of business value.

Reference No.: 2009-1036

Vykoukal, J.; Wolf, M.; Beck, R. (2009)

Services Grids in Industry - On-Demand Provisioning and Allocation of Grid-based Business Services

In: Business & Information Systems Engineering, 1(2), pp. 177-184

Category: Publications in scientific journals [Password Protected Download] (Please contact the author)

Reference No.: 2009-1035

Berger, S.; Messerschmidt, C. (2009)

Babbling Before Banking? Online Communities and Pre-Purchase Information Seeking in Financial Services

In: International Journal of Bank Marketing 27(6), 446-466

Category: Publications in scientific journals [Find it]

Abstract

Purpose – The purpose of this paper is to explain the use of online communities for information seeking in the financial products purchasing process and identify relevant usage antecedents.

Design/methodology/approach – A theoretical framework is proposed based on the three dimensions community, environment and user characteristics. Subsequently, a representative survey among German consumers is described, illustrating the value of the framework.

Findings – The study validates the framework to analyze online community usage and identifies financial knowledge and employment status as main drivers of financial community usage among user characteristic.

Research limitations/implications – The present study was carried out in only one country, but provides a starting point for more international research.

Practical implications – The results identify community users as an interesting clientele, which should be considered in financial services providers' online strategy development, especially by encouraging word-of-mouth communication. Usage drivers should be considered in web site development to prevent churn. Providers of communities should be concerned about system usability, but also especially take measures to boost the social aspects of community experience.

Originality/value – The study is the first to explain online community usage in the economically highly relevant pre-purchase stage for financial services.

Reference No.: 2009-1131

Schaper, T. (2009)

Elimination of Technical Barriers in European Securities Settlement

In: International Review of Business Research Papers (IRBRP), vol. 5, no. 1, pp. 428-441; World Business Institute, Melbourne, Australia

Category: Publications in scientific journals [Find it]

Reference No.: 2009-1079

Wolf, M.; Vykoukal, J.; Beck, R.; Hinz, O. (2009)

Grid-basierte Renditeberechnung von Vermögenspositionen

Category: Working papers [Password Protected Download] (Please contact the author)

Reference No.: 2009-923