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

Matteo Cotugno; Stefano Monferra'; Antonella Francesca Cicchiello; 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

Matteo Cotugno, Stefano Monferra', Antonella Francesca Cicchiello, Salvatore Perdichizzi

University of Bologna

Risultato della ricerca: Contributo in rivista › Articolo in rivista › 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.

Lingua originale	English
pagine (da-a)	1-17
Numero di pagine	17
Rivista	Journal of Financial Management, Markets and Institutions
Volume	9
DOI	https://doi.org/10.1142/S2282717X21500109
Stato di pubblicazione	Pubblicato - 2022

Keywords

Banks
COVID-19 Outbreak
ICT
Stock Markets

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10.1142/S2282717X21500109

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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 - Cicchiello, Antonella Francesca

AU - Perdichizzi, Salvatore

PY - 2022

Y1 - 2022

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AB - 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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KW - Stock Markets

KW - Banks

KW - COVID-19 Outbreak

KW - ICT

KW - Stock Markets

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JF - Journal of Financial Management, Markets and Institutions

ER -

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

Abstract

Keywords

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