Investing in Lending Technology: IT Spending in Banking

Sheila Jiang, Zhiguo He, Xiaojiao Yin, Douglas Xu
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引用次数: 10

Abstract

This paper investigates lending technologies in the banking sector after the arrival of the information age, by examining investment in information technologies (IT) by U.S. commercial banks. Given the distinctive nature of banks' dealings with information as they engage in lending activities, we link banks' IT spending in various categories to different aspects of their lending technologies. Investment in communication IT is shown to be associated more with improving banks' ability of soft information production and transmission, while investment in software IT helps enhance banks' hard information processing capacity. By exploiting polices that affect geographic regions differentially, we show that banks respond to an increased demand for small business credit (mortgage refinance) by increasing their spending on communication (software) IT spending. We also find an asymmetric impact of technological development on labor employment in the banking sector.
投资借贷技术:银行业的IT支出
本文通过考察美国商业银行在信息技术(IT)方面的投资,研究了信息时代到来后银行业的贷款技术。鉴于银行在从事贷款活动时处理信息的独特性质,我们将银行在不同类别的IT支出与其贷款技术的不同方面联系起来。通信信息技术投资更多地与提高银行软信息生产和传输能力相关,而软件信息技术投资则有助于提高银行硬信息处理能力。通过利用影响地理区域差异的政策,我们表明银行通过增加通信(软件)IT支出来响应对小企业信贷(抵押贷款再融资)需求的增加。我们还发现技术发展对银行业劳动力就业的不对称影响。
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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