Mobile stock trading (MST) and its social impact: A case study in Hong Kong

Author

Sam, K.M. ; Chatwin, C.R. ; Ma, I.C.

Author_Institution

Dept. of Accounting & Inf. Manage., Univ. of Macau, Macau, China

fYear

2013

fDate

10-13 Dec. 2013

Firstpage

437

Lastpage

441

Abstract

Smartphones are becoming the mainstream mobile devices used by Hong Kong residents. The popularity of smartphones has led to the emergence of a new way of trading in financial securities and products - so called: mobile stock trading. This new technology has several attractive features that have driven this new market forward. Investors can place orders at anytime and anywhere without any geographic restriction as long as they can access the internet. By using the Diffusion of Innovation model (DOI) and related literature, we found that three factors: perceived usefulness, trialability and observability - contribute to the determination of customer attitudes in adopting mobile stock trading. The results revealed practical implications for the future development and implementation of mobile stock trading.

Keywords

financial data processing; smart phones; social aspects of automation; stock markets; DOI model; Hong Kong; MST; customer attitudes; diffusion-of-innovation model; financial products; financial securities; mobile stock trading; observability factor; perceived usefulness factor; smart phones; social impact; trialability factor; Business; Educational institutions; Internet; Mobile communication; Observability; Smart phones; Technological innovation; Mobile stock trading; diffusion of innovation theory; smartphone;

fLanguage

English

Publisher

ieee

Conference_Titel

Industrial Engineering and Engineering Management (IEEM), 2013 IEEE International Conference on

Conference_Location

Bangkok

Type

conf

DOI

10.1109/IEEM.2013.6962449

Filename

6962449