Information and communication technology in the stockbroking industry: An evolutionary approach to the diffusion of innovation

Hosein GHARAVI, Peter E. D. LOVE, Wai Lun Eddie CHENG

Research output: Contribution to journalArticle

23 Citations (Scopus)

Abstract

Stockbroking firms have openly adopted information and communication technology to improve their competitiveness and responsiveness in market conditions. Changes in business practices have resulted from the widespread adoption and diffusion of information and communication technology. Changes experienced by a firm can be viewed as a process of individual adaptations running parallel to the evolution of the business environment. To examine the diffusion of information and communication technology an ecological approach is used. This paper therefore develops a conceptual framework to explore the ICT diffusion in the stockbroking industry in the context of environmental evolution and selection. It is argued that the acceptance of an innovation is affected as much by the complexity of the interactions between the stockbroking firms and technology. The proposed framework can be used to provide an ameliorated understanding about the way in which ICT-enabled innovation is diffused within a technology-oriented industry. Copyright © 2004 Emerald Group Publishing Limited.
Original languageEnglish
Pages (from-to)756-765
JournalIndustrial Management and Data Systems
Volume104
Issue number9
DOIs
Publication statusPublished - 2004

Fingerprint

Innovation
Communication
Industry
Diffusion of innovation
Information and communication technology
Evolutionary
Acceptance
Business environment
Responsiveness
Interaction
Market conditions
Conceptual framework
Competitiveness
Business practices

Citation

Gharavi, H., Love, P. E. D., & Cheng, E. W. L. (2004). Information and communication technology in the stockbroking industry: An evolutionary approach to the diffusion of innovation. Industrial Management & Data Systems, 104(9), 756-765. doi: 10.1108/02635570410567748

Keywords

  • Organizational change
  • Communication technologies
  • Stock markets
  • Innovation