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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/31404
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| Title: | Diffusion and use of financial telecommunication: An empirical analysis
of SWIFT adoption |
| Authors: | Zachariadis, Markos |
| Keywords: | Financial telecommunication, diffusion, network effects, ICT adoption,
usage intensity, SWIFT |
| Issue Date: | 20-Dec-2011 |
| Series/Report no.: | NET Institute Working Papers;11_10 |
| Abstract: | The purpose of the current work is to investigate how country-level and
regionspecific characteristics influence the adoption of a major
financial telecommunication innovation and standard (SWIFT) in the
banking sector. Using annual data on the diffusion and usage intensity
of SWIFT between more than 100 countries, this study finds that, along
other characteristics, economies with higher GPDs and closer to the
innovation source have on average a faster adoption rate than smaller,
distant economies, all else equal. The analysis also shows that even
though financial institutions differ considerably, network effects
persist and dominate firm heterogeneity. The results are overall
consistent with other findings using similar estimation techniques, and
provide a stronger test by focusing on one specific innovation in the
financial services industry rather then aggregate IT measures. |
| URI: | http://hdl.handle.net/2451/31404 |
| Appears in Collections: | NET Institute Working Papers Series
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Files in This Item:
| File |
Description |
Size | Format |
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| 11_10.pdf | NET Institute Working Paper 11_10 | 855.83 kB | Adobe PDF | View/Open |
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