Is digital transformation profitable for banks? Evidence from Europe

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annif.suggestionsbanks (monetary institutions)|COVID-19|profitability|digitalisation|banking sector|digital natives|pandemics|banking services|organisational changes|economic crises|enen
annif.suggestions.linkshttp://www.yso.fi/onto/yso/p1099|http://www.yso.fi/onto/yso/p38829|http://www.yso.fi/onto/yso/p4257|http://www.yso.fi/onto/yso/p8692|http://www.yso.fi/onto/yso/p15487|http://www.yso.fi/onto/yso/p27098|http://www.yso.fi/onto/yso/p10121|http://www.yso.fi/onto/yso/p3010|http://www.yso.fi/onto/yso/p25099|http://www.yso.fi/onto/yso/p6172en
dc.contributor.authorCitterio, Alberto
dc.contributor.authorKing, Timothy
dc.contributor.authorLocatelli, Rossella
dc.contributor.facultyfi=Laskentatoimen ja rahoituksen yksikkö|en=School of Accounting and Finance|-
dc.contributor.orcidhttps://orcid.org/0000-0002-7326-2162-
dc.contributor.organizationfi=Vaasan yliopisto|en=University of Vaasa|
dc.date.accessioned2024-10-29T06:29:07Z
dc.date.accessioned2025-06-25T13:50:20Z
dc.date.available2024-10-29T06:29:07Z
dc.date.issued2024-10-18
dc.description.abstractStudies on the impact of digital transformation (DT) on bank performance are typically restricted to single countries and present mixed findings. Using data on 279 EU-27 banks from 2017 to 2022 and employing a novel DT index, we demonstrate that DT is associated with higher bank profitability, and that IT and network efficiency are key drivers. Furthermore, Covid-19 and the level of country IT positively moderate this relationship. Interestingly, additional analyses also reveal nonlinear relationships, which suggest that profitability gains from DT investments can take time to materialize and that there are diminishing marginal returns to some DT investments.-
dc.description.notification© 2024 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).-
dc.description.reviewstatusfi=vertaisarvioitu|en=peerReviewed|-
dc.format.bitstreamtrue
dc.format.contentfi=kokoteksti|en=fulltext|-
dc.format.extent9-
dc.identifier.olddbid21662
dc.identifier.oldhandle10024/18175
dc.identifier.urihttps://osuva.uwasa.fi/handle/11111/2833
dc.identifier.urnURN:NBN:fi-fe2024102987701-
dc.language.isoeng-
dc.publisherElsevier-
dc.relation.doi10.1016/j.frl.2024.106269-
dc.relation.funderEuropean Union-
dc.relation.ispartofjournalFinance Research Letters-
dc.relation.issn1544-6131-
dc.relation.issn1544-6123-
dc.relation.projectidECS00000036-
dc.relation.urlhttps://doi.org/10.1016/j.frl.2024.106269-
dc.relation.volume70-
dc.rightsCC BY 4.0-
dc.source.identifierScopus:85206682111-
dc.source.identifierhttps://osuva.uwasa.fi/handle/10024/18175
dc.subjectDigital transformation-
dc.subjectIT adoption-
dc.subjectDigital channels-
dc.subjectbank performance-
dc.subject.disciplinefi=Laskentatoimi ja rahoitus|en=Accounting and Finance|-
dc.subject.ysoCOVID-19-
dc.titleIs digital transformation profitable for banks? Evidence from Europe-
dc.type.okmfi=A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä|en=A1 Peer-reviewed original journal article|sv=A1 Originalartikel i en vetenskaplig tidskrift|-
dc.type.publicationarticle-
dc.type.versionpublishedVersion-

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