Exploring the impact of ICT diffusion in the European banking industry: Evidence in the pre- and post-Covid-19

Antonella Francesca Cicchiello; Matteo Cotugno; Stefano Monferra'; SALVATORE PERDICHIZZI.

doi:10.1142/S2282717X21500109

Exploring the impact of ICT diffusion in the European banking industry: Evidence in the pre- and post-Covid-19

Antonella Francesca Cicchiello^*
, Matteo Cotugno^*
, Stefano Monferra'^*
, SALVATORE PERDICHIZZI.

^*Corresponding author

Research output: Contribution to journal › Article › peer-review

Abstract

Based on daily data from Thomson Reuter's Refinitiv, we investigate the effect of information and communication technology (ICT) on the profitability and risk of the European banking industry during the COVID-19 pandemic. Specifically, we empirically examine whether and how ICT diffusion affects banks' stock return, credit default swaps (CDS) spreads and market volatility over the period spanning from January 1, 2020, to March 31, 2020. Our evidence demonstrates that ICT improves banks' performance measures and reduces risks. These effects are more significant in the post-COVID-19 period.

Original language	English
Pages (from-to)	1-17
Number of pages	17
Journal	Journal of Financial Management, Markets and Institutions
Volume	9
Issue number	2
DOIs	https://doi.org/10.1142/S2282717X21500109
Publication status	Published - 2022

All Science Journal Classification (ASJC) codes

General Economics,Econometrics and Finance

Keywords

Banks
COVID-19 Outbreak
ICT
Stock Markets

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10.1142/S2282717X21500109

Cite this

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abstract = "Based on daily data from Thomson Reuter's Refinitiv, we investigate the effect of information and communication technology (ICT) on the profitability and risk of the European banking industry during the COVID-19 pandemic. Specifically, we empirically examine whether and how ICT diffusion affects banks' stock return, credit default swaps (CDS) spreads and market volatility over the period spanning from January 1, 2020, to March 31, 2020. Our evidence demonstrates that ICT improves banks' performance measures and reduces risks. These effects are more significant in the post-COVID-19 period.",

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AU - Cotugno, Matteo

AU - Monferra', Stefano

AU - PERDICHIZZI., SALVATORE

PY - 2022

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Exploring the impact of ICT diffusion in the European banking industry: Evidence in the pre- and post-Covid-19

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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