IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-04463646.html
   My bibliography  Save this paper

Innovation In The Financial Function: A Path Towards Performance
[L'Innovation Dans La Fonction Financière : Une Allure Vers La Performance]

Author

Listed:
  • Ghizlane Barzi

    (ENCGS - Ecole Nationale de Commerce et de Gestion de SETTAT)

  • Zineb Bamousse

    (ENCGS - Ecole Nationale de Commerce et de Gestion de SETTAT)

Abstract

The financial sector represents a major challenge for researchers, as it is undergoing exponential change. The financial function is at the heart of debates in management science studies, as it lies at the heart of the ongoing transformation of organizations. It is an essential pole of analysis, forecasting and dissemination of financial culture in Moroccan companies. Indeed, the aim of this study is to analyze the relationship between the development of innovative management in the finance function and corporate performance, particularly in the Moroccan context. Furthermore, to present the important role of the CFO as a leader of innovation and guarantor of development. To this end, an exploratory study was carried out among 15 major Moroccan companies in various sectors. The results of this study demonstrated the interest of CFOs in adopting innovation tools in their activities, and presented innovation as a genuine performance lever.

Suggested Citation

  • Ghizlane Barzi & Zineb Bamousse, 2024. "Innovation In The Financial Function: A Path Towards Performance [L'Innovation Dans La Fonction Financière : Une Allure Vers La Performance]," Post-Print hal-04463646, HAL.
    • Handle: RePEc:hal:journl:hal-04463646
    Note: View the original document on HAL open archive server: https://hal.science/hal-04463646
    as

    Download full text from publisher

    File URL: https://hal.science/hal-04463646/document
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Chava, Sudheer & Purnanandam, Amiyatosh, 2010. "CEOs versus CFOs: Incentives and corporate policies," Journal of Financial Economics, Elsevier, vol. 97(2), pages 263-278, August.
    2. Josh Lerner & Julie Wulf, 2007. "Innovation and Incentives: Evidence from Corporate R&D," The Review of Economics and Statistics, MIT Press, vol. 89(4), pages 634-644, November.
    3. Duong, Lien & Evans, John, 2015. "CFO compensation: Evidence from Australia," Pacific-Basin Finance Journal, Elsevier, vol. 35(PA), pages 425-443.
    4. repec:eme:mfppss:v:34:y:2008:i:6:p:365-398 is not listed on IDEAS
    5. Joseph S. Moag & Willard T. Carleton & Eugene M. Lerner, 1967. "Defining The Finance Function: A Model‐Systems Approach," Journal of Finance, American Finance Association, vol. 22(4), pages 543-555, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ding, Chao & Ho, Choy Yeing & Chang, Millicent, 2021. "CEO and CFO equity compensation and dividend payout over the firm lifecycle," Global Finance Journal, Elsevier, vol. 49(C).
    2. Sudip Datta & Mai Iskandar-Datta, 2014. "Upper-echelon executive human capital and compensation: Generalist vs specialist skills," Strategic Management Journal, Wiley Blackwell, vol. 35(12), pages 1853-1866, December.
    3. Josh Lerner & Ramana Nanda, 2020. "Venture Capital's Role in Financing Innovation: What We Know and How Much We Still Need to Learn," Journal of Economic Perspectives, American Economic Association, vol. 34(3), pages 237-261, Summer.
    4. Alex Bell & Raj Chetty & Xavier Jaravel & Neviana Petkova & John Van Reenen, 2019. "Who Becomes an Inventor in America? The Importance of Exposure to Innovation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(2), pages 647-713.
    5. Shigeno, Hidenori & Matsuzaki, Taisuke & Ueki, Yasushi & Tsuji, Masatsugu, 2023. "The Effect of the Covid-19 Pandemic on the Innovation Process of Small and Medium-sized Regional Firms," 32nd European Regional ITS Conference, Madrid 2023: Realising the digital decade in the European Union – Easier said than done? 278018, International Telecommunications Society (ITS).
    6. Jiyeon Yun & James M. Carson & David L. Eckles, 2023. "Executive compensation and corporate risk management," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 90(2), pages 521-557, June.
    7. Sah, Nilesh B. & Adhikari, Hari P. & Krolikowski, Marcin W. & Malm, James & Nguyen, Thanh T., 2022. "CEO gender and risk aversion: Further evidence using the composition of firm’s cash," Journal of Behavioral and Experimental Finance, Elsevier, vol. 33(C).
    8. Nadia Loukil & Ouidad Yousfi, 2022. "Do CEO’s traits matter in innovation outcomes?," Journal of International Entrepreneurship, Springer, vol. 20(3), pages 375-403, September.
    9. Chen, Shenglan & Lin, Bingxuan & Lu, Rui & Ma, Hui, 2016. "Pay for accounting performance and R&D investment: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 44(C), pages 142-153.
    10. Bienz, Carsten & Thorburn, Karin & Walz, Uwe, 2019. "Ownership, Wealth, and Risk Taking: Evidence on Private Equity Fund Managers," SAFE Working Paper Series 126, Leibniz Institute for Financial Research SAFE, revised 2019.
    11. Yu, Zeng, 2024. "Essays on incentive contract and corporate finance," Other publications TiSEM 6f66f49e-d710-44f6-943d-9, Tilburg University, School of Economics and Management.
    12. Nguyen, Justin Hung & Qiu, Buhui, 2022. "Right-to-Work laws and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 76(C).
    13. Kang, Chang-Mo & Kim, Donghyun, 2022. "Risk management transparency and compensation," Journal of Corporate Finance, Elsevier, vol. 75(C).
    14. Ufuk Akcigit & Nathan Goldschlag, 2022. "Measuring the Characteristics and Employment Dynamics of U.S. Inventors," Working Papers 22-43, Center for Economic Studies, U.S. Census Bureau.
    15. Lin, Zhijun & Song, Byron Y. & Tian, Zhimin, 2016. "Does director-level reputation matter? Evidence from bank loan contracting," Journal of Banking & Finance, Elsevier, vol. 70(C), pages 160-176.
    16. Blake Loriot & Elaine Hutson & Hue Hwa Au Yong, 2020. "Equity-linked executive compensation, hedging and foreign exchange exposure: Australian evidence," Australian Journal of Management, Australian School of Business, vol. 45(1), pages 72-93, February.
    17. Zhan, Feng & Proelss, Juliane & Schweizer, Denis, 2020. "China: From imitator to innovator?," Emerging Markets Review, Elsevier, vol. 42(C).
    18. Serfling, Matthew A., 2014. "CEO age and the riskiness of corporate policies," Journal of Corporate Finance, Elsevier, vol. 25(C), pages 251-273.
    19. Cai, Yongbin & Li, Mengzhe, 2022. "CEO-CFO tenure consistency and audit fees," Pacific-Basin Finance Journal, Elsevier, vol. 73(C).
    20. Ailian Zhang & Mengmeng Pan, 2020. "“Smart Process” of Medical Innovation: The Synergism Based on Network and Physical Space," IJERPH, MDPI, vol. 17(11), pages 1-17, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-04463646. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CCSD (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.