Is digital transformation profitable for banks? Evidence from Europe

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE Finance Research Letters Pub Date : 2024-10-11 DOI:10.1016/j.frl.2024.106269

引用次数: 0

Abstract

Studies on the impact of digital transformation (DT) on bank performance are typically restricted to single countries and present mixed findings. Using data on 279 EU-27 banks from 2017 to 2022 and employing a novel DT index, we demonstrate that DT is associated with higher bank profitability, and that IT and network efficiency are key drivers. Furthermore, Covid-19 and the level of country IT positively moderate this relationship. Interestingly, additional analyses also reveal nonlinear relationships, which suggest that profitability gains from DT investments can take time to materialize and that there are diminishing marginal returns to some DT investments.

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数字化转型对银行有利可图吗？来自欧洲的证据

有关数字化转型（DT）对银行绩效影响的研究通常局限于单一国家，得出的结论也不尽相同。利用 2017 年至 2022 年欧盟 27 国 27 家银行的数据，并采用新颖的 DT 指数，我们证明了 DT 与更高的银行盈利能力相关，而 IT 和网络效率是关键驱动因素。此外，Covid-19 和国家 IT 水平对这种关系有积极的调节作用。有趣的是，其他分析还揭示了非线性关系，这表明 DT 投资带来的盈利收益需要一段时间才能实现，而且某些 DT 投资的边际收益会递减。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

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