Investing in Lending Technology: IT Spending in Banking
References
- (2011) The role of soft information in a dynamic contract setting: Evidence from the home equity credit market. J. Money Credit Banking 43(4):633–655.Crossref, Google Scholar
- (2020) Tax credits and small firm R&D spending. Amer. Econom. J.: Econom. Policy 12(2):1–21.Crossref, Google Scholar
- (2021) Does IT help? Information technology in banking and entrepreneurship. IMF Working Paper No. 21/214, International Monetary Fund, Washington, DC.Google Scholar
- (2023) Competing for deal flow in local mortgage markets. Rev. Corporate Finance Stud. 12(2):366–401.Google Scholar
- (2013) Credit supply and corporate innovation. J. Financial Econom. 109(3):835–855.Crossref, Google Scholar
- (2020) What is fueling FinTech lending? The role of banking market structure. Preprint, submitted July 16, https://doi.org/10.2139/ssrn.3633907.Google Scholar
- (2021) Is digital financial inclusion good for bank stability and sustainable economic development? Evidence from emerging Asia. Working Paper No. 1242, Asian Development Bank Institute, Tokyo.Google Scholar
- (2025) Collateral effects: the role of FinTech in small business lending. Rev. Financial Stud. hhaf080.Google Scholar
- (2022) FinTech lending. Annual Rev. Financial Econom. 14:71–107.Google Scholar
- (2003) The economic effects of technological progress: Evidence from the banking industry. J. Money Credit Banking 35(2):141–176.Crossref, Google Scholar
- (2002) Small business credit availability and relationship lending: The importance of bank organisational structure. Econom. J. 112(477):F32–F53.Google Scholar
- (2006) A more complete conceptual framework for SME finance. J. Banking Finance 30(11):2945–2966.Crossref, Google Scholar
- (2022) Mortgage prepayment and path-dependent effects of monetary policy. Amer. Econom. Rev. 111(9):2829–2878.Crossref, Google Scholar
- Bhattacharyya S (2020) Banks strive to make virtual meetings more social to counter video fatigue. Banking Dive (June 22), https://www.bankingdive.com/news/banks-strive-to-make-virtual-meetings-more-social-to-counter-video-fatigue/580275/.Google Scholar
- (2019) The limits of lending? Banks and technology adoption across Russia. Rev. Financial Stud. 33(2):536–609.Crossref, Google Scholar
- (2025) Information-based pricing in specialized lenders. J. Financial Econom. 172:104135.Crossref, Google Scholar
- (2014) The distinct effects of information technology and communication technology on firm organization. Management Sci. 60(12):2859–2885.Link, Google Scholar
- (2016) Relationship and transaction lending in a crisis. Rev. Financial Stud. 29(10):2643–2676.Crossref, Google Scholar
- (2018) Fintech, regulatory arbitrage, and the rise of shadow banks. J. Financial Econom. 130(3):453–483.Crossref, Google Scholar
- (2019) P2P lenders versus banks: Cream skimming or bottom fishing? SAFE Working Paper No. 206, Leibniz Institute for Financial Research SAFE, Frankfurt, Germany.Google Scholar
- (2021) Difference-in-differences with multiple time periods. J. Econom. 225(2):200–230.Crossref, Google Scholar
- (2014) Do subsidies to private capital boost firms’ growth? A multiple regression discontinuity design approach. J. Public Econom. 109:114–126.Crossref, Google Scholar
- (2022) RegTech. MIT Sloan Research Paper 6563-22, MIT Sloan School of Management, Cambridge, MA.Google Scholar
- (2013) Banking deregulation and innovation. J. Financial Econom. 109(3):759–774.Crossref, Google Scholar
- (2017) The decline of big-bank lending to small business: Dynamic impacts on local credit and labor markets. NBER Working Paper No. 23843, National Bureau of Economic Research, Cambridge, MA.Google Scholar
- (2022) Funding for fintechs: Patterns and drivers. Working paper, Bank for International Settlements, Basel, Switzerland.Google Scholar
- (2008) The impact of organizational structure and lending technology on banking competition. Rev. Finance 13(2):225–259.Crossref, Google Scholar
- (2020) Fintech borrowers: Lax screening or cream-skimming? Rev. Financial Stud. 34(10):4565–4618.Crossref, Google Scholar
- (2017) Interest rate pass-through: Mortgage rates, household consumption, and voluntary deleveraging. Amer. Econom. Rev. 107(11):3550–3588.Crossref, Google Scholar
- (2022) State-dependent effects of monetary policy: The refinancing channel. Amer. Econom. Rev. 112(3):721–761.Crossref, Google Scholar
- (2022) Does FinTech substitute for banks? Evidence from the paycheck protection program. Rev. Financial Stud. 35(7):3328–3368.Google Scholar
- (2021) Fintech and the digital transformation of financial services: Implications for market structure and public policy. BIS Working Paper No. 117, Bank for International Settlements, Basel, Switzerland.Google Scholar
- (2012) The internet and local wages: A puzzle. Amer. Econom. Rev. 102(1):556–575.Crossref, Google Scholar
- (2008) Microeconomics of Banking, 2nd ed. (MIT Press, Cambridge, MA).Google Scholar
- (2019) BigTech and the changing structure of financial intermediation. Econom. Policy 34(100):761–799.Google Scholar
- (2019) The role of technology in mortgage lending. Rev. Financial Stud. 32(5):1854–1889.Crossref, Google Scholar
- (2023) How do health insurance costs affect firm labor composition and technology investment? U.S. Census Bureau Working Paper No. CES-23-47, U.S. Census Bureau, Washington, DC.Google Scholar
- (2022) The rise of finance companies and FinTech lenders in small business lending. Rev. Financial Stud. 35(11):4859–4901.Crossref, Google Scholar
- (2003) Information technology and financial services competition. Rev. Financial Stud. 16(3):921–948.Crossref, Google Scholar
- (2006) Competition and strategic information acquisition in credit markets. Rev. Financial Stud. 19(3):967–1000.Crossref, Google Scholar
- (2025) Agency MBS as safe assets. Rev. Financial Stud. 39(2):387–426.Crossref, Google Scholar
- (2024) Information span and credit market competition. NBER Working Paper No. 33141, National Bureau of Economic Research, Cambridge, MA.Google Scholar
- (2023) Open banking: Credit market competition when borrowers own the data. J. Financial Econom. 147(2):449–474.Crossref, Google Scholar
- (1999) How financial firms decide on technology. Litan RE, Santomero AM, eds. Brookings Wharton Papers on Financial Services, 1999 (Brookings Institution Press, Washington, DC), 93–146.Google Scholar
- (2021a) How do banks interact with fintech startups? Small Bus. Econom. 57:1563–1586.Google Scholar
- (2021b) How do banks interact with fintech startups? Small Bus. Econom. 57(3):1505–1526.Crossref, Google Scholar
- (2022) Fintech expansion. Preprint, submitted November 8, https://doi.org/10.2139/ssrn.3957688.Google Scholar
- (2019) Consumer lending efficiency: Commercial banks versus a fintech lender. Federal Reserve Bank of Philadelphia Working Paper No. 19-22, Federal Reserve Bank of Philadelphia, Philadelphia.Google Scholar
- (2019) Organizational complexity and innovation portfolio decisions: Evidence from a quasi-natural experiment. J. Bus. Res. 98:153–165.Crossref, Google Scholar
- (2021) Taxes depress corporate borrowing: Evidence from private firms. Preprint, submitted September 18, https://doi.org/10.2139/ssrn.3694869.Google Scholar
- (2009) Asymmetric information in loan syndication. J. Financial Econom. 92(2):300–319.Google Scholar
- (2018) Do fintech lenders penetrate areas that are underserved by traditional banks? J. Econom. Bus. 100:43–54.Google Scholar
- (2020) The impact of peer-to-peer lending on small business loans. CESifo Working Paper No. 8268, CESifo, Munich.Google Scholar
- (2014) Do big banks have lower operating costs? Econom. Policy Rev. 20(2):1–27.Google Scholar
- (2020) Communication within banking organizations and small business lending. Rev. Financial Stud. 33(12):5750–5783.Crossref, Google Scholar
- (2009) Estimating the effect of hierarchies on information use. Rev. Financial Stud. 22(10):4057–4090.Crossref, Google Scholar
- (2018) The fintech revolution: A threat to global banking? Research and Policy Briefs No. 125038, The World Bank, Washington, DC.Google Scholar
- (2022) The anatomy of banks’ IT investments: Drivers and implications. IMF Working Paper No. 2022/244, International Monetary Fund, Washington, DC.Google Scholar
- (2016) The incentive effect of scores: Randomized evidence from credit committees. NBER Working Paper No. 19303, National Bureau of Economic Research, Cambridge, MA.Google Scholar
- (2002) Does distance still matter? The information revolution in small business lending. J. Finance 57(6):2533–2570.Crossref, Google Scholar
- (2022a) Tech in Fin before FinTech: Blessing or curse for financial stability? Rev. Financial Stud. 35(10):4509–4553.Google Scholar
- (2022b) The importance of technology in banking during a crisis. J. Monetary Econom. 128:88–104.Crossref, Google Scholar
- (2023) Market power and innovation in the intangible economy. Amer. Econom. Rev. 114(1):199–251.Crossref, Google Scholar
- (2019) Equilibrium effects of firm subsidies. Amer. Econom. Rev. 109(10):3475–3513.Crossref, Google Scholar
- (2016) Loan officers and soft information production. Cogent Bus. Management 3(1):1199521.Crossref, Google Scholar
- (2018) How organizational hierarchy affects information production. Rev. Financial Stud. 32(2):564–604.Crossref, Google Scholar
- (2002) Information production and capital allocation: Decentralized versus hierarchical firms. J. Finance 57(5):1891–1921.Crossref, Google Scholar
- (2005) Testing for Weak Instruments in Linear IV Regression (Cambridge University Press, New York), 80–108.Google Scholar
- (2019) FinTech, BigTech, and the future of banks. J. Appl. Corporate Finance 31(4):86–97.Crossref, Google Scholar
- (2007) Information asymmetry and financing arrangements: Evidence from syndicated loans. J. Finance 62(2):629–668.Crossref, Google Scholar
- (2019) Peer-to-Peer lenders versus banks: Substitutes or complements? Rev. Financial Stud. 32(5):1900–1938.Crossref, Google Scholar
- (2021) Economic stimulus at the expense of routine-task jobs. J. Finance 76(6):3347–3399.Crossref, Google Scholar
- (2022) Information technology and bank competition. Rev. Financial Stud. 35(11):5046–5101.Google Scholar
- (2022) How does online lending influence bankruptcy filings? Evidence from a natural experiment. Management Sci. 68(5):3309–3329.Link, Google Scholar

