The effect of IT (Information Technology) on financial performance of the banks listed in Tehran Stock Exchange

Abstract

The aim of the present study is to study the effect of information technology on the financial performance of the banks listed on Tehran Stock Exchange. For this purpose, 183 of the staff experts of information technology and finance departments of the banks listed on Tehran Stock Exchange have been selected as research sample by using simple random sampling method and responded to the questionnaire. In the end, the obtained data from these questionnaires were analyzed by using two-variable linear regression test and the results indicated that information technology dimensions including IT knowledge, IT operations and IT infrastructures have significant effect (p<0.01) on financial performance of the banks listed on Tehran Stock Exchange. The results from Friedman’s test also indicated that infrastructures of information technology (with average rating = 2.24) has the first rank, information technology knowledge (with average rating = 2.04) has the second rank and information technology operations (with average rating= 1.72) has the third rank.