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Innovation in Financial Services – A Theoretical Approach to Sustainable Structural Change

Author

Listed:
  • Roxana Voicu-Dorobanþu

    (Faculty of International Business and Economics, Bucharest Academy of Economic Studies)

  • Cãlin Adrian Cantemir

    (Faculty of International Business and Economics, Bucharest Academy of Economic Studies)

Abstract

The present paper presents a theoretical analysis of the approaches on innovation as a determinant of organizational change. A relevant area where technology has produced many effects, bringing the need for innovation in services offered is the financial sector. Following a review of theories on innovation and its propagation, the paper presents the impact on payment systems, highly affected by innovation especially in recent decades and the impact on banks, which occurs much more specifically in the form of structural alteration.

Suggested Citation

  • Roxana Voicu-Dorobanþu & Cãlin Adrian Cantemir, 2012. "Innovation in Financial Services – A Theoretical Approach to Sustainable Structural Change," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 1762-1767, May.
    • Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1762-1767
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    More about this item

    Keywords

    Innovation; electronic finance; payment systems; banking systems;
    All these keywords.

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives

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