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Exploring The Impact Of Ict Diffusion In The European Banking Industry: Evidence In The Pre- And Post-Covid-19

Author

Listed:
  • ANTONELLA FRANCESCA CICCHIELLO

    (Catholic University of the Sacred Heart, Piacenza, Italy†BANKS - Banking Research School, Piacenza, Italy)

  • MATTEO COTUGNO

    (Catholic University of the Sacred Heart, Piacenza, Italy)

  • STEFANO MONFERRÀ

    (Catholic University of the Sacred Heart, Piacenza, Italy)

  • SALVATORE PERDICHIZZI

    (��University of Bologna (UNIBO), Bologna, Italy§Yunus Social Business Centre, Bologna, Italy)

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 significant in the post-COVID-19 period.

Suggested Citation

  • Antonella Francesca Cicchiello & Matteo Cotugno & Stefano Monferr〠& 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 (JFMMI), World Scientific Publishing Co. Pte. Ltd., vol. 9(02), pages 1-17, December.
    • Handle: RePEc:wsi:jfmmix:v:09:y:2021:i:02:n:s2282717x21500109
    DOI: 10.1142/S2282717X21500109
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