IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Internet & Capital raising: the perfect match?

Listed author(s):
  • Lemmens, Geert
Registered author(s):

    The financial world has discovered the advantages of the Internet immediately. Financial services lend themselves perfectly to electronic media since they do not involve the movement of physical things to achieve clearance and settlement . The need for fast and up to date information has pushed financial institutions to continuously improve the way they transfer data. The dawn of the Internet has not only accelerated this, it has also made these communication channels available to individual investors and family men. The best examples of this are the thousands of websites that allow to “play” on the stock markets all over the world in real time. Individuals can place their orders directly without having to contact their banker. The more advanced individuals quit their jobs and become day-traders, inputting their orders directly into the market system and using the same Reuters screens as the big institutional players. In short, the Internet allows companies and people to do the things themselves, to bypass the traditional institutions and to do things differently. As a consequence, this will affect all aspects of the financial world: some will only face minor changes; others will change drastically with other rules and players. This research paper will discuss the relation between the Internet and the process of collecting capital. The aim of the paper is to make a thorough analysis of the influence of the Internet on this aspect of the financial world and to see whether the birth of the Internet has put the evolution of this process in a different direction.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    File Function: original version
    Download Restriction: no

    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4691.

    in new window

    Date of creation: Apr 2004
    Handle: RePEc:pra:mprapa:4691
    Contact details of provider: Postal:
    Ludwigstraße 33, D-80539 Munich, Germany

    Phone: +49-(0)89-2180-2459
    Fax: +49-(0)89-2180-992459
    Web page:

    More information through EDIRC

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:4691. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.