Digital Platform Transitions in the Finance Industry: Three Essays
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| Publicado en: | ProQuest Dissertations and Theses (2025) |
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| Acceso en línea: | Citation/Abstract Full Text - PDF |
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| Resumen: | This three-paper dissertation is motivated by an emerging dichotomy in the financial sector: an increasing use of an open-source digital platform—the Python platform—in an industry that historically has been wedded to proprietary systems.Chapter 1 is a qualitative pilot study to ascertain which factors are likely to motivate investment professionals to select Python versus other tools and/or technologies. I find that efficiency and access to industry-specific libraries—notably Pandas and NumPy—are significant motivators in their selection of Python over Excel. Chapters 2 and 3 examine the issues through a sequential, exploratory mixed methods approach.Chapter 2—the qualitative field study—investigates how and why investment professionals use the Python platform. I find that when faced with a choice between alternative platforms, users adopted a “best of both worlds” multihoming platform strategy rather than a permanent replacement of the incumbent platform. This paper contributes to the literature on digital platforms by showing how multihoming, relative advantage, and network effects interact to affect end-users’ platform selection decisions. From a practitioner’s perspective, the Python platform may engender a different way for end-users interact with IT—from being passive IT consumers to also being IT producers. This trend, if it persists, has significant implications for bridging the traditional compartmentalization between IT and Finance.Chapter 3—the quantitative study—uses a cross-sectional survey to more broadly understand the characteristics of relative advantage that are important to digital platform users, and the factors that influence the degree to which users engage in multihoming. I investigate the complex, multidimensional nature of relative advantage, reflected through first-order latent constructs such as the value of network effects. In addition, I explore the link between relative advantage and the intensity of platform multihoming by users. By highlighting the prevalence of multihoming, the study’s results challenge the traditional view of technology adoption as a linear process of replacement. This finding has significant implications for the theory of IT platform adoption, suggesting a need to consider the dynamic and context-dependent nature of technology use in organizational settings. |
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| ISBN: | 9798314863640 |
| Fuente: | ProQuest Dissertations & Theses Global |