International E-publication: Publish Projects, Dissertation, Theses, Books, Souvenir, Conference Proceeding with ISBN.  International E-Bulletin: Information/News regarding: Academics and Research

Impact of modern technology on the stock market in India and its future

Author Affiliations

  • 1Department of Management Studies, Guru Ghasidas Vishwavidyalaya, Bilaspur, Chhattisgarh, India
  • 2Department of Management Studies, Guru Ghasidas Vishwavidyalaya, Bilaspur, Chhattisgarh, India

Int. Res. J. Social Sci., Volume 7, Issue (6), Pages 26-29, June,14 (2018)

Abstract

Over the past few decades, the speed and extent of development of stock exchange in developing nations like India has created elementary shift within the monetary structure of the nation. One of the principal explanations for the same is the development in the information technology (IT) sector of the country that has offered investors’ well-organized system to research and purchase stocks online. For instance, computer systems records purchasing and buying orders so rapidly that investors can know their price and other details within a few seconds. Besides, trading through electronic devices eradicates handling of transactions by people and eliminates errors that had become frequent in case of traditional methods. By the systematic application of modern information technology (IT) techniques our nation can develop such an electronic trading process that can offer investors fast and accurate trading as well as professional techniques and methods of stock trading. Here the paper tries to search out the impact of IT on the development of stock market as well as discusses its future prospects in India. To achieve the aforesaid, an extensive literature review has been done to get a clear understanding of the topic. All the information enclosed is that the secondary base and references are given where necessary.

References

  1. Abadi H., Faghani F. and Tabatabaee S. (2013)., Impact of Information Technology Development on Stock Market development: Empirical Study in the World’s Leading Capital Markets., International Journal of Academic Research in Accounting, Finance and Management Sciences, 3(1), 382-390. Retrieved January 9, 2018, from www.hrmars.com (Accessed 2017-11-30).
  2. Solomon L.D. and Corso L. (1990)., The Impact of Technology on the Trading of Securities: The Emerging Global Market and the Implications for Regulation., J. Marshall L. Rev., 24, 299.
  3. Ashraf M.A. and Joarder H.R. (2009)., The Effect of Information Technology on Stock Market Trade Volume and Volatility: Case for Dhaka Stock Exchange in Bangladesh., AU J.T. , 12(4), 265-270.
  4. Colvin G. (2000)., The Net’s Hidden Profits., Fortune Magazine, 104.
  5. Strauss J., El-Ansary A. and Frost R. (2003)., E-Marketing., 3rd ed., Prentice Hall of India, New Delhi, India.
  6. Stock market (2017), https://www.investopedia.com/ terms/s/ stockmarket.asp (Accessed 2017-11-30), undefined, undefined
  7. Abadi H., Faghani F. and Tabatabaee S. (2013)., Impact of Information Technology Development on Stock Market development: Empirical Study in the World’s Leading Capital Markets., International Journal of Academic Research in Accounting, Finance and Management Sciences, 3(1), 382-390.
  8. Greenwood J. and Jovanovic B. (1999)., The information-technology revolution and the stock market., American Economic Review, 89(2), 116-122.
  9. Hobijn B. and Jovanovic B. (2001)., The information-technology revolution and the stock market: Evidence., American Economic Review, 91(5), 1203-1220.
  10. Hovav A. and D’Arcy J. (2005)., Capital market reaction to defective IT products: The case of computer viruses., Computers and Security, 24, 409-424.
  11. Hutzschenreuter T. (2001)., The Internet and the Banking Industry - The Old World will be the New World., Case Study. The European Case Clearing House Limited, Cranfield University, Cranfield, Bedfordshire, UK.
  12. Jud G.D., Winkler D.T. and Sirmans G.S. (2002)., The impact of information technology on real estate licensee income., J. Real Estate Pract. Edu., 5(1), 1-16.
  13. Kummerow M. and Chan Lun J. (2005)., Information and communication technology in the real estate industry: productivity, industry structure and market efficiency., Telecommunications Policy, 29(2-3), 173-190.
  14. Lo S.K. and Lie T. (2008)., Selection of communication technologies: A perspective based on information richness theory and trust., Technovation, 28(3), 146-153.
  15. Lucas H.C. Jr., Oh W., Simon G. and Weber B.W. (2002)., Information technology and the New York stock exchange’s strategic resources from 1982-1999., cis-2002-08.
  16. Narcyz R. and Heinz Roland W. (2009)., Stock market reaction to information technology investments: towards an explanatory model., ECIS, 883-894.
  17. Wilhelm W.J. (1999)., Internet investment banking: The impact of information technology on relationship banking., J. Appl. Corp. Fin., 12(1), 21-27.