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Theory and Practice of Innovation Development in the Banking Sector

Author

Listed:
  • Zaleska Małgorzata

    (SGH Warsaw School of Economics, Warsaw, Poland)

  • Kondraciuk Przemysław

    (SGH Warsaw School of Economics, Warsaw, Poland)

Abstract

The aim of this article is to systematise the approach to innovation in the economic theory and to define the indicators used to measure the innovativeness of world economies. The considerations are focused on innovation in the banking sector as it is one of the most innovative sectors worldwide. The identification of the stages of innovation development in this branch is worth emphasising, along with the description of its economic and legal determinants.

Suggested Citation

  • Zaleska Małgorzata & Kondraciuk Przemysław, 2019. "Theory and Practice of Innovation Development in the Banking Sector," Financial Sciences. Nauki o Finansach, Sciendo, vol. 24(2), pages 76-87, June.
    • Handle: RePEc:vrs:finsci:v:24:y:2019:i:2:p:76-87:n:6
    DOI: 10.15611/fins.2019.2.06
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    References listed on IDEAS

    as
    1. Bernardo Nicoletti, 2017. "The Future of FinTech," Palgrave Studies in Financial Services Technology, Palgrave Macmillan, number 978-3-319-51415-4.
    2. Siciliani, Paolo, 2018. "Competition for retail deposits between commercial banks and non-bank operators: a two-sided platform analysis," Bank of England working papers 728, Bank of England.
    3. Bernardo Nicoletti, 2017. "Financial Services and Fintech," Palgrave Studies in Financial Services Technology, in: The Future of FinTech, chapter 2, pages 3-29, Palgrave Macmillan.
    4. Chris Freeman & Luc Soete, 1997. "The Economics of Industrial Innovation, 3rd Edition," MIT Press Books, The MIT Press, edition 3, volume 1, number 0262061953, April.
    5. Lee, In & Shin, Yong Jae, 2018. "Fintech: Ecosystem, business models, investment decisions, and challenges," Business Horizons, Elsevier, vol. 61(1), pages 35-46.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic theory of innovation; innovations in banking industry; banks; FinTechs; start-ups;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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