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Kotzinos, Apostolos, Psychoyios, Dimitris and Vlastakis, Nikolaos 
ORCID: https://orcid.org/0000-0001-6411-7708
(2021)
The impact of ICT diffusion on sovereign cost of debt.
International Journal of Banking, Accounting and Finance, 12 (1).
pp. 16-51.
ISSN 1755-3830
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Abstract
We examine the effect of a country's level of information and communication technologies (ICT) diffusion on its credit rating and cost of debt. ICT diffusion is approximated using the Networked Readiness Index, which is designed to capture a country's capacity and preparedness to participate in the digital economy. We adopt a modified random effects approach which allows us to distinguish between short and long run effects on a dataset of 65 countries for a time span of ten years. We show that ICT have a significant impact on a country's credit rating and cost of debt which is robust to the presence of other variables proposed in the literature. The effect is stronger for non-OECD countries, indicating a pathway for developing countries to improve their access to debt markets. Our conclusions are robust to the advent of the recent financial crisis.
| Item Type: | Article |
|---|---|
| Additional Information: | Funding Information: This research has been partly supported by the University of Piraeus Research Center. |
| Uncontrolled Keywords: | credit ratings,developing countries,e-readiness,ict,information and communication technologies,sovereign debt,accounting,finance,economics and econometrics ,/dk/atira/pure/subjectarea/asjc/1400/1402 |
| Related URLs: | |
| Depositing User: | LivePure Connector |
| Date Deposited: | 08 Aug 2022 09:30 |
| Last Modified: | 04 Nov 2024 00:51 |
| URI: | https://ueaeprints.uea.ac.uk/id/eprint/87120 |
| DOI: | 10.1504/IJBAAF.2021.111802 |
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