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Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...
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This paper investigates the impact of IT standardization on bank performance based on a panel of 457 German savings … banks over the period from 1996 to 2006. We measure IT standardization as the fraction of IT expenses for centralized … IT standardization is conducive to cost efficiency. The relation is positive and robust for small and medium-sized banks …
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Who does, and who should initiate costly certification by a third party under asymmetric quality information, the buyer or the seller? Our answer - the seller - follows from a nontrivial analysis revealing a clear intuition. Buyer-induced certification acts as an inspection device,...
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