caa a22 4500 467930074 CHVBK 20180406152941.0 cr unu---uuuuu 170328e20060601xx s 000 0 eng 10.1007/s11151-006-9101-0 doi (NATIONALLICENCE)springer-10.1007/s11151-006-9101-0 Innovation in the Retail Banking Industry: The Diffusion of Credit Scoring [Elektronische Daten] [Marcello Bofondi, Francesca Lotti] We study technology diffusion in the retail banking industry. Our contribution to the empirical literature is twofold: Firstly, we explore technology diffusion in the financial sector, whose relevance has often been neglected; secondly we focus on credit scoring adoption, a relevant process innovation still under-explored. Estimating a set of duration models, we analyze the patterns of diffusion of this technology among Italian banks. We find that credit scoring is firstly introduced by large banks with broad branch networks, which can fully exploit scale economies. We present robust evidence that banks with large market shares operating in more concentrated markets are early adopters, providing a direct support of the Schumpeterian hypothesis that market power enhances innovation. Springer, 2006 credit scoring nationallicence innovation nationallicence mortgage loans nationallicence retail banks nationallicence technology diffusion nationallicence Bofondi Marcello Research Department, Bank of Italy, via Nazionale 91, 00184, Rome, Italy aut Lotti Francesca Research Department, Bank of Italy, via Nazionale 91, 00184, Rome, Italy aut Review of Industrial Organization Kluwer Academic Publishers-Plenum Publishers; http://www.springer-ny.com 28/4(2006-06-01), 343-358 0889-938X 28:4<343 2006 28 11151 https://doi.org/10.1007/s11151-006-9101-0 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s11151-006-9101-0 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Bofondi Marcello Research Department, Bank of Italy, via Nazionale 91, 00184, Rome, Italy aut NATIONALLICENCE 700 1- Lotti Francesca Research Department, Bank of Italy, via Nazionale 91, 00184, Rome, Italy aut NATIONALLICENCE 773 0- Review of Industrial Organization Kluwer Academic Publishers-Plenum Publishers; http://www.springer-ny.com 28/4(2006-06-01), 343-358 0889-938X 28:4<343 2006 28 11151 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer