Dadoukis, A;
Fiaschetti, M;
Fusi, G;
(2021)
IT adoption and bank performance during the Covid-19 pandemic.
Economics Letters
, 204
, Article 109904. 10.1016/j.econlet.2021.109904.
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Abstract
This paper examines the impact of pre-2020 information technology (IT) adoption on bank performance during the initial stages of the Covid-19 pandemic. We show that high IT adopters performed better in terms of market returns, Tobin's q and lending. Our findings also suggest that higher pre-crisis IT investments are associated with more loans issued under the US Paycheck Protection Program, and lower rates of loan modifications due to Covid-19. This study corroborates other recent findings that technology adoption fosters banks’ resilience during crises, ultimately enhancing financial stability.
| Type: | Article |
|---|---|
| Title: | IT adoption and bank performance during the Covid-19 pandemic |
| Open access status: | An open access version is available from UCL Discovery |
| DOI: | 10.1016/j.econlet.2021.109904 |
| Publisher version: | https://doi.org/10.1016/j.econlet.2021.109904 |
| Language: | English |
| Additional information: | This version is the author accepted manuscript. For information on re-use, please refer to the publisher’s terms and conditions. |
| Keywords: | Covid-19, Banking, IT adoption, Technology, Bank performance |
| UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL BEAMS UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > Dept of Civil, Environ and Geomatic Eng |
| URI: | https://discovery.ucl.ac.uk/id/eprint/10130466 |
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