Strategy and computers
The impact of information systems on organizations and markets
Communications of the ACM
Systems development risks in strategic information systems
Information and Software Technology - Information and software economics
A strategic analysis of electronic marketplaces
MIS Quarterly - Special issue on the strategic use of information systems
Journal of Management Information Systems
Electronic markets and electronic hierarchies
Communications of the ACM
Power, politics, and MIS implementation
Communications of the ACM
Journal of Management Information Systems - Special section: Strategic and competitive information systems
The IS effectiveness matrix: the importance of stakeholder and system in measuring IS success
ICIS '98 Proceedings of the international conference on Information systems
ICIS '98 Proceedings of the international conference on Information systems
Dimensions of information systems success
Communications of the AIS
Journal of Management Information Systems - Special issue: Impacts of information technology investment on organizational performance
Market process reengineering through electronic market systems: opportunities and challenges
Journal of Management Information Systems - Special issue: Information technology and its organizational impact
Electronic commerce: structures and issues
International Journal of Electronic Commerce - Special section: Diversity in electronic commerce research
Impacts of the electronic marketplace on transaction cost and market structure
International Journal of Electronic Commerce - Special section: Diversity in electronic commerce research
Introduction to the special issue: electronic commerce and market transformation
International Journal of Electronic Commerce - Special issue: Electronic commerce and market transformation
Critical failure factors that discourage the growth of electronic commerce
International Journal of Electronic Commerce
Reintermediation strategies in business-to-business electronic commerce
International Journal of Electronic Commerce - Special issue: Electronic intermediaries and networks in business-to-business electronic commerce
Examination of online channel preference: using the structure-conduct-outcome framework
Decision Support Systems
Journal of Management Information Systems
Journal of Management Information Systems
International Journal of Electronic Commerce
Business Models for Internet-Based B2B Electronic Markets
International Journal of Electronic Commerce
The process of building a process manager: architecture and design patterns
IBM Systems Journal
International Journal of Information Technology and Management
Multi-Criteria Markets: An Exploratory Study of Market Process Design
Electronic Markets
Journal of Management Information Systems
Journal of Management Information Systems
Developing dynamic capabilities in electronic marketplaces: A cross-case study
The Journal of Strategic Information Systems
Human-knowledge resources and interorganisational systems
Information Systems Journal
Journal of Theoretical and Applied Electronic Commerce Research
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Much has been written in recent years about the changes in corporate strategies and industry structures associated with electronic coordination of market activities. This paper considers the advent of electronic market coordination in the home mortgage industry, focusing on Computerized Loan Origination (CLO) systems. Case studies of five CLOs (First Boston's Shelternet, PRC's Loan Express, American Financial Network's Rennie Mae, Prudential's CLOS, and Citicorp's Mortgage Power Plus) reveal a range of system functionalities. Predictions from the Electronic Markets Hypothesis (EMH) are tested against the empirical results of the five case studies. As suggested by the EMH, financial intermediaries have been threatened by the introduction of CLOs, and in some cases, opposition has been mounted against the systems. On the other hand, despite the availability of the technology and mortgages' seemingly favorable characteristics as an electronically mediated market product, the industry has not been fundamentally changed by the introduction of these systems, despite more than a decade of experience with them. Of the two case studies that could be characterized as electronic markets, neither continues to exist in that form today. And the system with the largest dollar volume of mortgages of the five is best characterized as an electronic hierarchy. These results suggest that either the full results predicted by the EMH require a longer gestation period or that the underlying hypothesis will require augmentation in order to fully explain the results in the home mortgage market.