Faculty of Economics and Business Administration Publications Database

Mindfully Resisting the Bandwagon – IT Innovation Assimilation in the Financial Crisis

Wolf, Martin
Pahlke, Immanuel
Beck, Roman
Volume: 2
Pages: 4 - 5
Month: April
Link External Source: Online Version
Year: 2012

Although the financial meltdown was initially caused by herding behavior in the subprime market for credit default swaps, a concurrent “mindless” it innovation assimilation of participating financial services providers played a major role in facilitating the underlying bandwagon.