The Determinants of Technology Adoption: The Case of the Banking Firm
利用银行采用自动柜员机的数据，检验市场结构与新技术采纳之间的关系，发现大银行和集中市场中的银行更可能采纳新技术。
Using data on the adoption of automatic teller machines by firms in the banking industry, this study examines the relationship between the decision to adopt new technology and its determinants. Since banking firms differ considerably in terms of the competitive environments in which they operate, focusing on this one innovation in this industry allows a stronger test of the relationship between market structure and the adoption of new technology than has been previously conducted. Using a failure time estimation procedure, we find that larger banks and banks operating in more concentrated local banking markets register a higher conditional probability of adopting this new technology, all else equal. We also find that other results are consistent with the underlying model and that the bank's regulatory environment shapes its adoption decision in plausible ways.