Deakin University
Browse
swatman-ebanking-2001.pdf (75.93 kB)

EBanking adaptation and dot.com viability : a comparison of Australian and Indian experiences in the banking sector

Download (75.93 kB)
conference contribution
posted on 2001-01-01, 00:00 authored by Chandana Unnithan, P Swatman
With the advent of widely-accepted eBusiness activities, many banks have floated dot.com entities to create a presence on the Internet and take advantage of its power and reach. Like many other businesses, banks expected an increase in market capitalisation as a result of their dot.com floats, perceived broadly as a measure of growing profitability. Despite the negative publicity that the recent spate of dot.com crashes has generated, banks seem to continue floating online spin-offs. Our exploratory study investigates this phenomenon, studying the drivers for change in the evolution of the banking sector, and the move towards electronic banking. We focussed on two economies – Australia and India – to aggregate the major factors in this evolution from the perspective of two disparate economies.

The paper describes our qualitative, document-based investigation of the Australian and Indian banking sectors, and subsequent quantitative analysis of the impact of dot.com floats on market capitalisation within this market sector. We then describe the effect of applying both Transaction Cost Economics to our findings, which indicates that the cost of transacting business has been reduced overall by the creation of dot.com entities; and “catch-up, fall-behind, forge ahead” theory to gain an economic perspective. The paper provides both practical assistance for banks in making decisions regarding e-portfolios, as well as for policy makers in the economies reviewed; and has the potential to contribute to academic research into eBanking more generally.

History

Event

BIT Conference (11th : 2001 : Manchester, England)

Pagination

1 - 15

Publisher

Manchester Metropolitan University Business School

Location

Manchester, England

Place of publication

Manchester, England

Start date

2001-10-30

End date

2001-10-31

Language

eng

Notes

Every reasonable effort has been made to ensure that permission has been obtained for items included in Deakin Research Online. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au

Publication classification

E2 Full written paper - non-refereed / Abstract reviewed

Copyright notice

2001, Manchester Metropolitan University

Title of proceedings

Proceedings of the 11th Annual BIT Conference 2001

Usage metrics

    Research Publications

    Categories

    No categories selected

    Keywords

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC