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ICT technologies and financial innovations : The case of exchange traded funds in Brazil, Japan, Mexico, South Korea and the United States

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  • ICT technologies and financial innovations
  • Lechman, Ewa; Marszk, Adam
  • Gdańsk University of Technology


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Title ICT technologies and financial innovations
Similar Titles
Sub Title

The case of exchange traded funds in Brazil, Japan, Mexico, South Korea and the United States

Material Type Reports
Author(English)

Lechman, Ewa; Marszk, Adam

Publisher

[Gdańsk, Poland]:Gdańsk University of Technology

Date 2014-12
Pages 38
Subject Country Brazil(Americas)
Mexico(Americas)
United States(Americas)
Japan(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Financial Policy
Industry and Technology < IT
Holding SSRN

Abstract

Exchange traded funds (ETFs), funds structured in order to mimic the performance of selected financial assets, are one of the most significant innovative financial instruments recently introduced. They have gained considerable popularity among investors due to their advantages in comparison with conventional mutual funds, investment vehicles with a significantly longer history. This paper contributes by providing extensive knowledge about the empirical links between information and communications technology (ICT) penetration and the introduction of financial innovations in emerging economies. We examine the impact of increasing ICT penetration on the assets of exchange traded funds in Brazil, Mexico, Japan and South Korea and the United States. Our methodological framework includes descriptive statistics, logistic growth models applied to estimate ETF market development patterns, and panel data analysis used to test the hypothesized relationship between increasing ICT penetration and ETF market development. (The rest omitted)