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The Impact of Technology Expenditure on the Commercial Banks’ Profitability in Canada

In: Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

Author

Listed:
  • Zijun Lin

    (New York University, Tandon School of Engineering)

  • Yunan Wang

    (MINZU UNIVERSITY)

Abstract

The growing cyber threat has created an uncontrollable financial mess for the global banking industry. This paper presents a case study that reviews Canada's largest financial data breach and investigates the spillover effects of cyber attack. To test the cyber investment efficiency of banks in Canada, we collect technology-related expenditures and profitability ratios from six Canadian central banks’ annual reports. Moreover, we use a multiple linear regression model to examine the impact of technology spending on the financial performance of Canadian banks. The results show that technology expenditure has a significant negative impact on the financial performance of banks. However, we may find different results in future studies that can include more banks in the sample and obtain more comprehensive data sources.

Suggested Citation

  • Zijun Lin & Yunan Wang, 2022. "The Impact of Technology Expenditure on the Commercial Banks’ Profitability in Canada," Advances in Economics, Business and Management Research, in: Yushi Jiang & Yuriy Shvets & Hrushikesh Mallick (ed.), Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022), pages 1419-1424, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-036-7_210
    DOI: 10.2991/978-94-6463-036-7_210
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