This paper provides an empirical description of the relationshipbetween the trading system operated by a stockexchange and the transaction costs faced by heterogeneous investors who use the exchange. Therecent introduction ofSETS in the London Stock Exchange provides an excellent opportunity...

This study was prepared by Nadine Fabritz while she was working at the Ifo Institute for Economic Research in the Department for Human Capital and Innovation. It was completed in June 2014 and accepted as a doctoral thesis by the Department of Economics at the University of Munich in October...

Business expectations regarding the introduction of business information systems were investigated according to company size categories. The results clearly showed that according to the majority of the respondents the information supply for decision-makers improved. In contrast, business...

The IT functions of the companies can be executed in different ways in-house solution, outsourcing, in sourcing,formation a spin-off company. Predominantly this function is provided within the company in Hungary. The larger a company is; it is more likely that a separate IT manager will be...

In the era of unstoppable IT development, the use of various information systems is an essential requirement for all enterprises. In particular, micro-enterprises are in a difficult position since they need continuous development to remain competitive with the possible help of information...

Information technology (IT) has become an integral part of an enterprise’s organizational life recently and represents an increasingly important factor for all kinds of organizations, since the services it provides have become almost essential by now for all types of enterprises in the...

Activities performed in organizations are coordinated via communication between the people involved. The sentences used to communicate are naturally structured by subject, verb, and object. The subject describes the actor, the verb the action and the object what is affected by the action....