Information Technology in Banking and Entrepreneurship

• 成果类型: Article; Early Access
• 署名作者: Ahnert, Toni; Doerr, Sebastian; Pierri, Nicola; Timmer, Yannick
• 署名单位: European Central Bank; Centre for Economic Policy Research - UK; Bank for International Settlements (BIS); International Monetary Fund; Federal Reserve System - USA; Federal Reserve System Board of Governors
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.2023.02555
• 发表日期: 2025
• 关键词: technology in banking; entrepreneurship; information technology; collateral; screening

摘要

We study the importance of information technology (IT) in banking for entrepreneurship. Guided by a parsimonious model, we establish that job creation by young firms is stronger in U.S. counties more exposed to banks with greater IT adoption. We present evidence consistent with banks' IT adoption spurring entrepreneurship through a collateral channel: entrepreneurship increases by more in IT-exposed counties when house prices rise. Further analysis suggests that IT improves banks' ability to determine collateral values, in particular when collateral appraisal is more complex. IT also reduces the time and cost of disbursing collateralized loans.