Digitainability and Financial Performance: Evidence from the Serbian Banking Sector

Nikola Stefanovic, Lidija Barjaktarovic and Alexey Bataev
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Nikola Stefanovic: Faculty of Business, Singidunum University, 160622 Beograd, Serbia
Lidija Barjaktarovic: Faculty of Business, Singidunum University, 160622 Beograd, Serbia
Alexey Bataev: Graduate School of Public and Financial Management, Petersburg Polytechnic University, 195251 St. Petersburg, Russia

Sustainability, 2021, vol. 13, issue 23, 1-15

Abstract: This study aimed to explore the cross-section of digitalization and sustainability in banking and its effect on bank performance. The sample consisted of all of the banks ( n = 25) operating in the Republic of Serbia from 2011 to 2020. The research results show that the banks focusing on digitalization and sustainability are profitable, even in the face of coronavirus disease 2019 (COVID-19). Furthermore, using the Pearson’s correlation, the study shows that the level of investment in digital transformation has a strong relationship with the net result. We advocate that digitainability in banking is an important factor in uncertain times and should be fostered and included in bank strategies in the post-COVID 19 world. To the best of our knowledge, this is the first study that provides insight into digitainability and bank performance.

Keywords: digitainability; commercial banks; digitalization; sustainability; performance (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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