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Determinants and Consequences of Disruptive Innovations: Evidence from The UK Financial Services Sector

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  • Tasawar Nawaz

    (University of Plymouth, United Kingdom)

Abstract

Building on the assumption that intangible and tangible corporate resources are indispensable to create and sustain firm value in today’s knowledge-driven economy; this paper empirically examines the determinants and consequences of disruptive innovations in the context of the UK financial services sector. The major contribution of this paper is to provide novel insights into the value creation process in one of the world’s leading financial services sector. In doing so, the paper exploits various properties of the selected financial institutions and submits that financial and human capital resources drive value in the UK’s financial services sector. The paper makes informed suggestions for the financial institutions operating in the UK and abroad. The results observed in the present study will potentially enhance the understanding of the international audiences on the banking business model practiced by the UK-based financial institutions.

Suggested Citation

  • Tasawar Nawaz, 2018. "Determinants and Consequences of Disruptive Innovations: Evidence from The UK Financial Services Sector," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 17(2), pages 234-251, June.
    • Handle: RePEc:ami:journl:v:17:y:2018:i:2:p:234-251
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    References listed on IDEAS

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    2. James Crotty, 2009. "Structural causes of the global financial crisis: a critical assessment of the 'new financial architecture'," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 33(4), pages 563-580, July.
    3. Oyerogba Ezekiel Oluwagbemiga & Ogungbade Oluyinka Isaiah & Idode Patrick Esiemogie, 2016. "The Relationship between the Risk Management Practices and Financial Performance of the Nigerian Listed Banks," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 15(3), pages 565-587, September.
    4. Kira Kristal Reed & Michael Lubatkin & Narasimhan Srinivasan, 2006. "Proposing and Testing an Intellectual Capital‐Based View of the Firm," Journal of Management Studies, Wiley Blackwell, vol. 43(4), pages 867-893, June.
    5. Tasawar Nawaz, 2017. "Human capital development in socio-economic malaise: evidence from the UK," International Journal of Learning and Intellectual Capital, Inderscience Enterprises Ltd, vol. 14(1), pages 24-46.
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    Cited by:

    1. Tasawar Nawaz, 2018. "Lifting the Lid on Financial Inclusion: Evidence from Emerging Economies," IJFS, MDPI, vol. 6(2), pages 1-8, June.
    2. Roszaini Haniffa & Mohammad Hudaib & Tasawar Nawaz, 2022. "The Value of Social Capital for the Success of SPAC IPOs," IJFS, MDPI, vol. 10(2), pages 1-15, May.

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    More about this item

    Keywords

    disruptive innovations; corporate resources; intellectual capital-based view; firm value; UK Financial services sector; Brexit;
    All these keywords.

    JEL classification:

    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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