Is cloud computing the digital solution to the future of banking?
基于2008-2019年中国银行数据，研究发现银行采用云计算会降低成本效率、提高利润效率并增加运营风险，且与其他新兴技术存在协同或替代效应，对监管者和银行管理者有政策启示。
This study investigates the impact of banks’ strategic move to cloud computing on bank performance and risk-taking. Based on a novel index of banks’ exposure to cloud computing, we find that banks’ adoption of cloud computing is associated with lower cost efficiency, higher profit efficiency, and greater operational risk using data on Chinese banks over the period 2008–2019. We also find that cloud computing interacts with other newly emerging technologies, leading to synergy gains in cost efficiency and operational risk control but with a substitutive effect on profit efficiency from blockchain. The findings are of timely policy importance and practical relevance for regulators, policy-makers, and bank managers.