IT adoption and bank performance during the Covid-19 pandemic

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 I...

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Autores principales: Dadoukis, Aristeidis, Fiaschetti, Maurizio, Fusi, Giulia
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2021
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9755521/
https://www.ncbi.nlm.nih.gov/pubmed/36540550
http://dx.doi.org/10.1016/j.econlet.2021.109904
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author Dadoukis, Aristeidis
Fiaschetti, Maurizio
Fusi, Giulia
author_facet Dadoukis, Aristeidis
Fiaschetti, Maurizio
Fusi, Giulia
author_sort Dadoukis, Aristeidis
collection PubMed
description 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.
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spelling pubmed-97555212022-12-16 IT adoption and bank performance during the Covid-19 pandemic Dadoukis, Aristeidis Fiaschetti, Maurizio Fusi, Giulia Econ Lett Article 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. Elsevier B.V. 2021-07 2021-05-07 /pmc/articles/PMC9755521/ /pubmed/36540550 http://dx.doi.org/10.1016/j.econlet.2021.109904 Text en © 2021 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Dadoukis, Aristeidis
Fiaschetti, Maurizio
Fusi, Giulia
IT adoption and bank performance during the Covid-19 pandemic
title IT adoption and bank performance during the Covid-19 pandemic
title_full IT adoption and bank performance during the Covid-19 pandemic
title_fullStr IT adoption and bank performance during the Covid-19 pandemic
title_full_unstemmed IT adoption and bank performance during the Covid-19 pandemic
title_short IT adoption and bank performance during the Covid-19 pandemic
title_sort it adoption and bank performance during the covid-19 pandemic
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9755521/
https://www.ncbi.nlm.nih.gov/pubmed/36540550
http://dx.doi.org/10.1016/j.econlet.2021.109904
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