Working Paper Series Internet Banking: an Exploration in Technology Diffusion and Impact Internet Banking: an Exploration in Technology Diffusion and Impact *
نویسندگان
چکیده
This paper studies the diffusion and impact of a cost-saving technological innovation — Internet banking. Our theory characterizes the process through which the innovation is adopted sequentially by large and small banks, and how the adoption affects bank size distribution. Applying the theory to an empirical study of Internet banking diffusion among banks across 50 U.S. states, we examine the technological, economic and institutional factors governing the process. The empirical findings allow us to disentangle the interrelationship between Internet banking adoption and change in average bank size, and explain the variation in diffusion rates across
منابع مشابه
Internet Banking: An Exploration in Technology Diffusion and Impact
This paper studies endogenous diffusion and impact of a cost-saving technological innovation – Internet Banking. When the innovation is initially introduced, large banks have an advantage to adopt it first and enjoy further growth of size. Over time, as the innovation diffuses into smaller banks, the aggregate bank size distribution increases stochastically towards a new steady state. Applying ...
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