Chapter 5 FinTechs, BigTechs and structural changes in capital markets (Record no. 5870)

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000 -LEADER
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003 - CONTROL NUMBER IDENTIFIER
control field oapen
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20230315171616.0
006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS
fixed length control field m o d
007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION
fixed length control field cr|mn|---annan
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 202202s2022 x |||||o ||| eng|| d
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9781003095354-5
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780367558406
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780367558345
040 ## - CATALOGING SOURCE
Original cataloging agency oapen
Transcribing agency oapen
041 0# - LANGUAGE CODE
Language code of text/sound track or separate title eng
080 ## - UNIVERSAL DECIMAL CLASSIFICATION NUMBER
Universal Decimal Classification number 336
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Harasim, Janina
Relationship auth
245 10 - TITLE STATEMENT
Title Chapter 5 FinTechs, BigTechs and structural changes in capital markets
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Taylor & Francis
Date of publication, distribution, etc. 2022
300 ## - PHYSICAL DESCRIPTION
Extent 1 electronic resource (21 p.)
336 ## - CONTENT TYPE
Content type term text
Content type code txt
Source rdacontent
337 ## - MEDIA TYPE
Media type term computer
Media type code c
Source rdamedia
338 ## - CARRIER TYPE
Carrier type term online resource
Carrier type code cr
Source rdacarrier
506 0# - RESTRICTIONS ON ACCESS NOTE
Terms governing access Open Access
Source of term star
Standardized terminology for access restriction Unrestricted online access
520 ## - SUMMARY, ETC.
Summary, etc. This chapter aims at exploring some theoretical issues associated with the impact of technology companies on the market structure in the financial industry with the special focus on capital markets. Based on the industrial organization theory, as well as on an extensive literature review, research to date, and industry reports, the attempt was made to identify main structural changes resulting from FinTech's activity in this market segment. It was found that, in contrast to the banking sector, BigTechs are not interested in entering into capital markets. This can be explained by complexity of investment services and weak synergies between them and non-financial services offered by technology giants. As a result, digitalization in capital markets is driven rather from inside and supported by FinTechs. In the stock market, the development of high-frequency trading resulted in the increasing centralization of trade that neither facilitated market access nor eliminated the market asymmetry. Nonetheless, FinTech solutions allowed reductions in transaction costs and increase in short-term market efficiency. In the asset management and mutual funds industry digital platforms, developed mostly by incumbents, by lowering transaction costs and reducing communication frictions made investing easier and cheaper for individuals, however their decisions became more speculative.
540 ## - TERMS GOVERNING USE AND REPRODUCTION NOTE
Terms governing use and reproduction Creative Commons
Use and reproduction rights https://creativecommons.org/licenses/by-nc-nd/4.0/
Source of term cc
546 ## - LANGUAGE NOTE
Language note English
650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Экономическое развитие
9 (RLIN) 4454
653 ## - INDEX TERM--UNCONTROLLED
Uncontrolled term Банковское дело
653 ## - INDEX TERM--UNCONTROLLED
Uncontrolled term Макроэкономика
773 10 - HOST ITEM ENTRY
Title The Digitalization of Financial Markets
Control subfield nnaa
Other item identifier OAPEN Library UUID: 9b47960a-f182-4557-808a-3578ee68ce99
856 40 - ELECTRONIC LOCATION AND ACCESS
Host name www.oapen.org
Uniform Resource Identifier <a href="https://library.oapen.org/bitstream/id/f4359287-6c74-4568-a108-8c8c928eb6b4/9780367558345_10.4324_9781003095354_5.pdf">https://library.oapen.org/bitstream/id/f4359287-6c74-4568-a108-8c8c928eb6b4/9780367558345_10.4324_9781003095354_5.pdf</a>
Access status 0
Public note Download
856 40 - ELECTRONIC LOCATION AND ACCESS
Host name www.oapen.org
Uniform Resource Identifier <a href="https://library.oapen.org/handle/20.500.12657/52929">https://library.oapen.org/handle/20.500.12657/52929</a>
Access status 0
Public note Description
909 ## - Составили записи
-- 255
-- Robiyakhon Olimjonova
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Универсальная десятичная классификация
Koha item type Electronic edition
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Collection code Home library Current library Shelving location Date acquired Total Checkouts Full call number Barcode Date last seen Price effective from Koha item type Public note
    Универсальная десятичная классификация     Finance / Economics Bucheon University Library Bucheon University Library OAPEN 15.03.2023   336 C46 1010418 15.03.2023 15.03.2023 Electronic edition Смотреть (pdf)