英文摘要 |
Aided by information and communication technology (ICT), decision-makers can enhance their management capabilities and strengthen corporate competitiveness. The primary purpose of this study is to examine whether ICT investment in Taiwan's financial industry positively promotes industrial output value. Specifically, this study evaluates whether the impact of ICT investment in the financial industry in Taiwan also increases returns to scale, as it has in the US. Empirical results derived utilizing the KLEMI model reveal that ICT generally has a positive effect on production in Taiwan's industries; however, the financial industry in Taiwan experienced increasing returns to scale (IRS) after investing in ICT. This study divided ICT investment in the financial industry into hardware (ICTH) and software (ICTS) investments. This is an early attempt in the literature in this field. The analytical results show that the contribution of ICTS investment to Taiwan's financial industry is greater than that of ICTH. Additionally, the increasing returns to scale (IRS) contributed to by ICT in Taiwan's financial industry (1.37-1.39%) is greater than that of the ICT in financial industry of the US. (1.13%). These are the major contributions of this study. |