Digital disruption and market structure: the case of internet banking

Lyons, Bruce and Zhu, Minyan (2024) Digital disruption and market structure: the case of internet banking. Industrial and Corporate Change. ISSN 0960-6491 (In Press)

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Abstract

We provide an econometric study of the adoption of internet banking, a case of a potentially disruptive digital technology which could devalue/replace incumbent legacy. Our aim is to better understand the extent to which it disrupted market structure where incumbents start with a strong customer base. We study both regional integration and national concentration dimensions of market structure in EU member states during the period of 1997-2018. We find that internet banking was initially introduced earlier in more concentrated markets. Although consumer uptake was then slower over time than in less concentrated markets, the initial higher consumer penetration in more concentrated markets was sustained until market maturity. We further find a substantial de-concentrating effect of internet banking, and evidence of integration in previously regionalised markets following uptake.

Item Type: Article
Uncontrolled Keywords: digital disruption,internet banking,endogenous market structure,market integration,economics, econometrics and finance(all),sdg 9 - industry, innovation, and infrastructure,3* ,/dk/atira/pure/subjectarea/asjc/2000
Faculty \ School: Faculty of Social Sciences > School of Economics
UEA Research Groups: Faculty of Social Sciences > Research Centres > Centre for Competition Policy
Faculty of Social Sciences > Research Groups > Industrial Economics
Depositing User: LivePure Connector
Date Deposited: 25 Jan 2024 01:38
Last Modified: 25 Jan 2024 01:39
URI: https://ueaeprints.uea.ac.uk/id/eprint/94250
DOI:

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