Industrial Dynamics and the Evolution of Markets in the Mutual Fund Industry
ISBN
ISBN 978-3-8349-1938-0
Type
book
Date Issued
2009
Author(s)
Mattig, Andreas
Abstract (De)
The books attempts to understand, explain and influence market evolution and industry dynamic processes in the mutual fund market. The joint model that guides the discussion is based on the dynamics of entry and allows shifts in the industry architecture to be tracked as the existing structures are hit by different triggers of change. Triggers of change are modeled by two generic types of exogenous innovation, which are labeled gradual and disruptive. We argue that market leaders are forced to reorganize themselves as a reaction to disruptive innovation, and that they are likely to adjust their product portfolio and pricing policy in the case of gradual innovation in order to deter new entrants.
Language
English
HSG Classification
contribution to scientific community
Publisher place
Gabler | GWV Fachverlage GmbH, Wiesbaden 2009
Subject(s)
Eprints ID
248517