The long-term effect of digital innovation on bank performance: An empirical study of SWIFT adoption in financial services

被引：178
|
作者：
Scott, Susan V. [1 ]
Van Reenen, John [2 ,3 ]
Zachariadis, Markos [4 ]
机构：
[1] London Sch Econ & Polit Sci, Dept Management, Informat Syst & Innovat Grp, Houghton St, London WC2A 2AE, England
[2] MIT, Sloan Sch Management, 77 Massachusetts Ave, Cambridge, MA 02139 USA
[3] MIT, Dept Econ, CEP, NBER,CEPR, 77 Massachusetts Ave, Cambridge, MA 02139 USA
[4] Univ Warwick, Warwick Business Sch, Informat Syst & Management Grp, Scarman Rd, Coventry CV4 7AL, W Midlands, England
来源：
RESEARCH POLICY | 2017年 / 46卷 / 05期
基金：
英国经济与社会研究理事会;
关键词：
Technology adoption; Bank performance; Financial services; Network innovation; SWIFT; INFORMATION-TECHNOLOGY; ECONOMIC-PERFORMANCE; FIRM PERFORMANCE; PRODUCTIVITY; SYSTEMS; TRANSFORMATION; EXTERNALITIES; PROFITABILITY; ORGANIZATION; INVESTMENT;
D O I：
10.1016/j.respol.2017.03.010
中图分类号：
C93 [管理学];
学科分类号：
12 ; 1201 ; 1202 ; 120202 ;
摘要：
We examine the impact on bank performance of the adoption of SWIFT, a network-based technological infrastructure and set of standards for worldwide interbank telecommunication. We construct a new longitudinal dataset of 6848 banks in 29 countries in Europe and the Americas with the full history of adoption since SWIFT's initial operations in 1977. Our results suggest that the adoption of SWIFT (i) has large effects on profitability in the long-term; (ii) these profitability effects are greater for small than for large banks; and (iii) exhibits significant network effects on performance. We use an in-depth field study to better understand the mechanisms underlying the effects on profitability. (C) 2017 Elsevier B.V. All rights reserved.
引用
收藏
页码：984 / 1004
页数：21
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