Dynamics of banking technology adoption: an application to internet banking
Chang, Yoonhee Tina (2003) Dynamics of banking technology adoption: an application to internet banking. Working Paper. Coventry: University of Warwick, Department of Economics. Warwick economic research papers (No.664).
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Official URL: http://www2.warwick.ac.uk/fac/soc/economics/resear...
This paper is concerned with examining behaviour of firms (banks) and consumers (banks’ customers) in the event of a new technology (internet banking) introduction. The determinants of consumer adoption of internet banking are characterised using survey data from Korea in both static and dynamic framework. I find evidence that adoption of internet banking is influenced by sex, age, marital status, degree of exposure to internet banking, and the characteristics of the banks. A duration analysis shows no evidence of first mover advantage (order effects) in internet banking whilst the largest bank (rank effects) in commercial banking remains dominant in internet banking. The results imply that the internet banking adoption is dominated by social norm effects.
|Item Type:||Working or Discussion Paper (Working Paper)|
|Subjects:||H Social Sciences > HG Finance|
|Divisions:||Faculty of Social Sciences > Economics|
|Library of Congress Subject Headings (LCSH):||Banks and banking -- Technological innovations, Internet banking -- Government policy, Internet banking -- Social aspects|
|Series Name:||Warwick economic research papers|
|Publisher:||University of Warwick, Department of Economics|
|Place of Publication:||Coventry|
|Official Date:||January 2003|
|Number of Pages:||29|
|Status:||Not Peer Reviewed|
|Access rights to Published version:||Open Access|
Akhavein, J., Frame, W.S., and L.J. White (2001), “The Diffusion of Financial Innovations: An Examination of the Adoption of Small Business Credit Scoring by Large Banking Organizations”, mimeo, Stern School of Business, NYU
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