Journal article
Do Markets Prefer Open or Proprietary Standards for XML Standardization? An Event Study
International journal of electronic commerce, v 11(1)
01 Oct 2006
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
Proprietary standardization seeks to increase a firm's market share (pie sharing). Open standardization seeks to increase the size of the market (pie expansion). In order to determine which of these creates more value for a firm involved in standardization, this paper investigates the market value of standardization initiatives, using an event study based on 148 XML schema standardization initiatives collected from the Lexis-Nexis database between January 1999 and December 2003. The results show that financial markets respond positively to announcements of proprietary XML schema standardization, but not to those of open XML schema standardization. Moreover, investors do not develop a preference for open standards over time. These results have implications for the management of standardization strategies and identify future research opportunities.
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Details
- Title
- Do Markets Prefer Open or Proprietary Standards for XML Standardization? An Event Study
- Creators
- Nitin Aggarwal - Texas Tech UniversityQizhi Dai - Drexel UniversityEric A. Walden - Texas Tech University
- Publication Details
- International journal of electronic commerce, v 11(1)
- Publisher
- Routledge
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Decision Sciences (and Management Information Systems)
- Web of Science ID
- WOS:000240701000006
- Scopus ID
- 2-s2.0-33749475492
- Other Identifier
- 991019167789204721
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- Collaboration types
- Domestic collaboration
- Web of Science research areas
- Business
- Computer Science, Software Engineering