The aim of the paper is to analyze thee introduction of new information technologies in the Italian banking systems. The paper's outline is as follows. Section 2 provides an empirical study on the introduction of e- banking in the first 110 Italian banks up to may 2000: the result is that the move to e-banking seems to have been easier for banks that were already innovative, large, private and particular mutual loan banks - "Popolari" - and located primarly in the North. Section 3 discusses in a short run perspective a possible model to analyze the introduction of e-banking in Italy, using a simple theoretical model consistent with the more recent theories of bank behavior, based on the role of managerial incentives. If the Internet revolution is interpreted as a structural and idiosyncratis shock. the model shows the level of E banking investment is inversely related to the banker' conservatorism. Introducing a "E-banking condition", its likelihood, the banker's propensity to risk being equal, is: a) directly proportional to the probability of success of the E-banking investment; b) inversely proportional to the sunk expected costs of the investment; c) directly proportional to the relative expected profitability; d) indirectly proportional to the reputation costs for the manager (more precisely, the initial progressiveness of said costs); In a more longer run perspective Section 4 concludes and offers recommendations, advancing a "new Schumpeterian" view which states that at least some individual banks could become active protagonists in the changes that the way of producing, distributing and purchasing may register in the coming times.
Introducing E banking in Italy: Trends and Perspectives
MASCIANDARO, DONATO
2000
Abstract
The aim of the paper is to analyze thee introduction of new information technologies in the Italian banking systems. The paper's outline is as follows. Section 2 provides an empirical study on the introduction of e- banking in the first 110 Italian banks up to may 2000: the result is that the move to e-banking seems to have been easier for banks that were already innovative, large, private and particular mutual loan banks - "Popolari" - and located primarly in the North. Section 3 discusses in a short run perspective a possible model to analyze the introduction of e-banking in Italy, using a simple theoretical model consistent with the more recent theories of bank behavior, based on the role of managerial incentives. If the Internet revolution is interpreted as a structural and idiosyncratis shock. the model shows the level of E banking investment is inversely related to the banker' conservatorism. Introducing a "E-banking condition", its likelihood, the banker's propensity to risk being equal, is: a) directly proportional to the probability of success of the E-banking investment; b) inversely proportional to the sunk expected costs of the investment; c) directly proportional to the relative expected profitability; d) indirectly proportional to the reputation costs for the manager (more precisely, the initial progressiveness of said costs); In a more longer run perspective Section 4 concludes and offers recommendations, advancing a "new Schumpeterian" view which states that at least some individual banks could become active protagonists in the changes that the way of producing, distributing and purchasing may register in the coming times.
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