Event-Driven Mobile Financial Information Services Design of an Intr

In recent years, mobile applications and technologies have become valuable for many companies and their customers. This ongoing trend has affected both businesses and everyday life. Jan Muntermann presents an intraday event study that is conducted within

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GABLER EDITION WISSENSCHAFT

Jan Muntermann

Event-Driven Mobile Financial Information Services Design of an Intraday Decision Support System

With a foreword by Prof. Dr. Kai Rannenberg

Deutscher Universitäts-Verlag

Bibliographic information published by Die Deutsche Nationalbibliothek Die Deutsche Nationalbibliothek lists this publication in the Deutsche Nationalbibliografie; detailed bibliographic data is available in the Internet at .

Dissertation Universität Frankfurt am Main, 2007

1st Edition October 2007 All rights reserved © Deutscher Universitäts-Verlag | GWV Fachverlage GmbH, Wiesbaden 2007 Readers: Frauke Schindler / Nicole Schweitzer Deutscher Universitäts-Verlag is a company of Springer Science+Business Media. www.duv.de No part of this publication may be reproduced, stored in a retrieval system or transmitted, mechanical, photocopying or otherwise without prior permission of the copyright holder. Registered and/or industrial names, trade names, trade descriptions etc. cited in this publication are part of the law for trade-mark protection and may not be used free in any form or by any means even if this is not specifically marked. Cover design: Regine Zimmer, Dipl.-Designerin, Frankfurt/Main Printed on acid-free paper Printed in Germany ISBN 978-3-8350-0888-5

Foreword

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Foreword While Mobile Communications continues to be a very successful industry, the number of successful mobile applications still seems to be limited. Certainly, mobile voice and email are attractive to more and more customers. However especially during the boom around the UMTS license auctions much more fancy mobile applications were discussed, sometimes seen implemented – but never really widely used. Often high costs, especially compared to the costs of the “fixed” Internet, were given as reasons for this. But considering the prices businesses, and more and more private people, pay for mobile voice and email connectivity, other reasons must exist for the reluctance to use mobile applications. One reason seems to be that quite a few people are not convinced, that mobile access or receiving information on a mobile device adds value. More formally speaking, usefulness or a relative advantage are not perceived, especially when the ones receiving the information are busy decision makers, who have other things to do. Especially when confronted with the still existing weaknesses of mobile devices, e.g. their limited I/O-capabilities they may see mobile work as mobile stress with no sustainable use. In this situation, Jan Muntermann has thought about possible contributions that Business Informatics can bring to the table, and decided to aim for an example of presenting decisionrelevant information and to show its use as well as its technical feasibility: He analyses the use of immediately receiving selected ad hoc messages to be able to buy and sell affected stocks quicker than other market participants. While this is a promising and innovative approach, Jan’s contribution is just starting with it. He looks what non-institution