Financial innovation and its governance:Cases of two major innovations in the financial sector

作     者：Keren Naa Abeka Arthur 

作者机构：Centre for Entrepreneurship and Small Enterprise DevelopmentSchool of BusinessUniversity of Cape CoastCape CoastGhana 

出 版 物：《Financial Innovation》 (金融创新（英文）)

年 卷 期：2017年第3卷第1期

页      面：104-115页

核心收录：

学科分类：0202[经济学-应用经济学] 02[经济学] 020205[经济学-产业经济学] 

基　　金：University of Exeter Business School 

主　　题：Financial innovation Innovation process Governance Regulation 

摘      要：The power of financial innovations to affect societies on global and intergenerational levels compels us to ask how we can ensure their responsible emergence in *** requires an understanding of how innovation occurs and how it is governed in *** this,there is little research on the process and governance of financial *** few studies conducted in this area have focused on the‘backend’of the innovation ***,using data from secondary sources,this study investigates how two major financial innovations occurred and were governed,and it discusses the findings in relation to those in the *** approach revealed that innovation processes fall within a continuum ranging from structured to ***,lead times are potentially longer for innovations that are significantly disruptive,new to the market,and technological in ***,innovation processes can involve multiple stakeholders who use both statutory regulation and self-regulation for innovation *** paper concludes that innovation processes and their governance can vary significantly according to different areas of the financial landscape and associated innovation ***,there is a need for more empirical work to understand such variability and practices in the sector as a whole.