TY  - UNPD
A1  - Beck, Roman
A1  - König, Wolfgang
A1  - Pahlke, Immanuel
A1  - Wolf, Martin
T1  - Mindfully Resisting the Bandwagon – IT Implementation and Its Consequences in the Financial Crisis
T2  - SAFE policy letter series ; 10
N2  - Although the ”financial meltdown” between 2007 and 2009 can be substantially attributed to herding behaviour in the subprime market for credit default swaps, a “mindless” IT implementation of participating financial services providers played a major role in the facilitation of the underlying bandwagon. The problem was a discrepancy between two core complementary capabilities: (1.) the (economic-rationalistic) ability to execute financial transactions (to comply with the herd) in milliseconds and (2.) the required contextualized mindfulness capabilities to comprehend the implications of the transactions being executed and the associated IT innovation decisions that enabled these transactions.
T3  - SAFE policy letter - 10 
KW  - IT innovations
KW  - financial services
Y1  - 2013
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/29480
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-294807
SP  - 1
EP  - 7
PB  - SAFE
CY  - Frankfurt am Main
ER  -