Economic Analysis of Information System Investment in Banking Industry

This Is An Academic Book That Explains In Reahty, Examines Theoretically, And Analyzes Statistically Information System Investment In The Banking Industry With Regard To The Process Of The Information Technology Revolution. This Kind Of Comprehensive Research On The Banking Industry Is The First In The World. It Could Be Seen As An Application Study For Japanese Financial Deregulation After 1997. However, Our Project, The Workshop Of Information System Investment, Is A Theoretical Research Venture, Consisting Originally, When It Began In 1994, Of Economists And Computer Scientists. It Aimed To Measure The Effect Of Com­ Puter Hardware And Software On The Modern Economy, Based On The Microdata Of Each Firm, And To Extend The Frontiers Of Economic Science. It Was, Coin- Dentally, The Time When This Project Began Full-scale Operation, In July 1997, That The Voluntary Closure Of Yamaichi Securities Was Decided. The Failure Of The Hokkaido Takushoku Bank Was Disclosed In November Of The Same Year, And The Breakdown, Temporary Nationalization, Buying Out, And Mergers Of Several Banks Succeeded One Another. Our Research Therefore Suddenly Got Into The Social Spotlight On The Application Stage. Part I Is The First History And Strategic Guidelines Of Information Systems In The Banking Industry. Part Ii Summarizes The Economic Analyses Of Informa­ Tion System Investment In The United States, Europe, And Japan. These Parts Are Foundations For The Statistical Analyses In Part Iii. Past And Present Of Information System Investment In The Banking Industry -- Past And Present Of Information Systems In Banks -- Information System Strategy Of Nationwide Banks -- Review Of Information System Analyses -- Limit Of Aggregate Level Analysis Of Information System Investment -- Firm-level Analysis Of Information Systems Investment -- Positive Analyses Of Information System Investment In The Banking Industry -- Outlook And Study Process Of Questionnaires -- Disclosure And Circumstances Concerning Information System Assets -- Cross-section Analysis Of Information System Investment -- Analysis Of Information System Investment Using Questionnaire Data -- Analysis Of Information System Investment Using Public Data -- Conclusion -- Information System Investment Questionnaires 1995–1997 -- Documents About Accounting Standards -- Mathematical Appendix. Yasuharu Ukai, Editor. Includes Bibliographical References And Index. This English Translation Is Based On The Japanese Original ... Published By Taga-shuppan Co., Tokyo, C2003 -- T.p. Verso. Preface......Page 8 Contents......Page 12 Authors......Page 16 List of Figures......Page 17 List of Tables......Page 18 Part I Past and Present of Information System Investment in the Banking Industry......Page 20 Past and Present of Information Systems in Banks......Page 22 Information System Strategy of Nationwide Banks......Page 48 Part II Review of Information System Analyses......Page 72 Limit of Aggregate Level Analysis of Information System Investment......Page 74 Firm-Level Analysis of Information Systems Investment......Page 90 Part III Positive Analyses of Information System Investment in the Banking Industry......Page 108 Outlook and Study Process of Questionnaires......Page 110 Disclosure and Circumstances Concerning Information System Assets......Page 126 Cross-Section Analysis of Information System Investment......Page 146 8 Analysis of Information System Investment Using Questionnaire Data......Page 168 9 Analysis of Information System Investment Using Public Data......Page 184 10 Conclusion......Page 206 Part IV Appendix......Page 210 Information System Investment Questionnaires 1995-1997......Page 212 B Documents about Accounting Standards......Page 226 Mathematical Appendix......Page 236 References......Page 240 Index......Page 250 The Research Center of Socionetwork Strategies, RCSS, at Kansai University has been compiling the data of information system investment of Japanese banks by the mail-in questionnaires and answers since 1995. The statistical analyses of RCSS were quite opposite to the popular propositions concerning to information technology revolution over Japanese banking systems. The statistical approach of panel date analyses is very new for the economists of banking industry. The authors will be the pioneers of this field. The researcher of Information technology all over the world will be shocked with this book.