Information Technology and the Cost of Bank Loans: An Empirical Investigation

被引：0

作者：

Han, Shu ^{[1
]}

Hasan, Shameem ^{[2
]}

Tucci, Christopher ^{[2
]}

机构：

[1] Yeshiva Univ, Sy Syms Sch Business, New York, NY 10033 USA

[2] Ecole Polytech Fed Lausanne EPFL, Lausanne, Switzerland

来源：

PROCEEDINGS OF THE 52ND ANNUAL HAWAII INTERNATIONAL CONFERENCE ON SYSTEM SCIENCES | 2019年

关键词：

FIRM RISK; INVESTMENT; PRODUCTIVITY; PERFORMANCE; MANAGEMENT; IMPACT;

D O I：

暂无

中图分类号：

TP301 [理论、方法];

学科分类号：

081202 ;

摘要：

In this paper, we examine the effect of IT investment on the cost of bank loans for firms, drawing upon theories of banking and risk management. On one hand, IT may be able to reduce the risk of being overtaken by competition or other adverse situations; on the other hand, the IT investment itself might be considered risky due to nature of the digital transformation. Using a sample of 261 firms from 1991-2006 and data from InformationWeek, DealScan and Compustat, we find that IT investment is associated with lower interest rates from banks. More importantly, we find the strength of this relationship is contingent upon the role of IT in the industry, the intensity of competition in the industry, and whether the firm is diversified.

引用

页码：6619 / 6627

页数：9

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