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 signi¯cant in the post-COVID-19 period.

Antonella Francesca Cicchiello, Matteo Cotugno, Stefano Monferrà, Salvatore Perdichizzi (2021). Exploring the impact of ICT diffusion in the European banking industry: evidence in the pre- and post-COVID-19. JOURNAL OF FINANCIAL MANAGEMENT, MARKETS AND INSTITUTIONS, 09(02), 1-17 [10.1142/s2282717x21500109].

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

MATTEO COTUGNO;SALVATORE PERDICHIZZI
2021

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 signi¯cant in the post-COVID-19 period.
2021
Antonella Francesca Cicchiello, Matteo Cotugno, Stefano Monferrà, Salvatore Perdichizzi (2021). Exploring the impact of ICT diffusion in the European banking industry: evidence in the pre- and post-COVID-19. JOURNAL OF FINANCIAL MANAGEMENT, MARKETS AND INSTITUTIONS, 09(02), 1-17 [10.1142/s2282717x21500109].
Antonella Francesca Cicchiello; Matteo Cotugno; Stefano Monferrà; Salvatore Perdichizzi
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11585/911154
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