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

^*Autore corrispondente per questo lavoro

University of Bologna

Risultato della ricerca: Contributo in rivista › Articolo

Abstract

Based on daily data from Thomson Reuter's Refnitiv, 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\r\nare more significant in the post-COVID-19 period.

Lingua originale	Inglese
pagine (da-a)	1-17
Numero di pagine	17
Rivista	Journal of Financial Management, Markets and Institutions
Volume	8
Numero di pubblicazione	2
DOI	https://doi.org/10.1142/S2282717X21500109
Stato di pubblicazione	Pubblicato - 2021

All Science Journal Classification (ASJC) codes

Economia, Econometria e Finanza Generali

Keywords

COVID-19 outbreak
ICT
Stock markets
banks

Accesso al documento

10.1142/S2282717X21500109

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abstract = "Based on daily data from Thomson Reuter's Refnitiv, 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\textbackslash{}r\textbackslash{}nare more significant in the post-COVID-19 period.",

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AU - Perdichizzi, Salvatore

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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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