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https://ah.lib.nccu.edu.tw/handle/140.119/61079
題名: | On Network Competition and Solow Paradox: Evidence from the U.S. Banks | 作者: | Ho,Shirley J.;MALLICK,SUSHANTA K. | 貢獻者: | 政大經濟系 | 日期: | Aug-2008 | 上傳時間: | 17-Sep-2013 | 摘要: | In this paper we develop a model to examine the effect of information technology (IT) in the banking industry. IT can reduce operational cost and create network externality. Empirical studies, however, have shown inconsistency, the so-called Solow paradox, which we explain by stressing the heterogeneity in banking services. In a differentiated model, we characterize the conditions to identify these two effects and explain how the two seemingly positive effects turn negative. Using a panel data set of 68 US banks over 1986–2005, our results show that the profitability effect of IT spending is negative, reflecting a negative network competition effect in the banking industry. | 關聯: | The Manchester School, 76(1), 37-57 | 資料類型: | article | DOI: | http://dx.doi.org/10.1111/j.1467-9957.2008.01080.x |
Appears in Collections: | 期刊論文 |
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