# kaal:claim:2959730-028

**Claim.** Larger managers will be incentivized to begin the innovation process if and when they realize that smaller competitors using these technologies gain substantial operational efficiencies and cost savings.

**Type.** predictive  **Support.** argued

**Holds when.**

- competitive pressure from smaller technology adopting managers

**Source quote.**

> This, however, may change in the foreseeable future if and when larger managers realize that their smaller competitors who utilize these technologies gain substantial operational efficiencies and cost savings

**From.** Wulf A. Kaal, *Blockchain Applications and Fee Structure Developments in Private Investment Funds* (2017), V. Private Investment Funds' Use of Blockchain Technology, page 15

**Cite as.** Wulf A. Kaal, Blockchain Applications and Fee Structure Developments in Private Investment Funds (2017). SSRN: https://ssrn.com/abstract=2959730

**Verify.** sha256 of source PDF `ebd86972d8817b0c1c80326ae5564476983cedba3f258ff3b2610f156b93fb50` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202017%20-%20Blockchain%20Applications%20and%20Fee%20Structure%20Developments%20in%20Private%20Investment%20Funds.pdf

**Topics.** innovation, economics, systemic-risk

**Keywords.** technology-adoption, competition, operational-efficiency, diversification

**Superseded by.** A later claim revises this one. Prefer quoting: https://wulfkaal.github.io/claims/3002908-024

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