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Responsible innovation in finance: directions and implications

Author

Listed:
  • Fabian Muniesa

    (CSI i3 - Centre de Sociologie de l'Innovation i3 - Mines Paris - PSL (École nationale supérieure des mines de Paris) - PSL - Université Paris Sciences et Lettres - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique)

  • Marc Lenglet

    (EBS Paris - European Business School Paris)

Abstract

This chapter draws from a recent policy-oriented investigation that seeks to ground measures for the advancement of responsible innovation in finance within an account of several dimensions of responsibility in that area. The purpose of the chapter is to clarify the several meanings that responsible or irresponsible innovation can have in finance, and to illustrate them with some examples. The first section presents these several meanings and the second section comments briefly on how these meanings may be considered in the organizational spaces in which complex financial innovation is handled at a design stage, inside investment banks.

Suggested Citation

  • Fabian Muniesa & Marc Lenglet, 2013. "Responsible innovation in finance: directions and implications," Post-Print halshs-00817383, HAL.
  • Handle: RePEc:hal:journl:halshs-00817383
    DOI: 10.1002/9781118551424.ch10
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    Citations

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    Cited by:

    1. Keren Naa Abeka Arthur & Richard Owen, 2019. "A Micro-ethnographic Study of Big Data-Based Innovation in the Financial Services Sector: Governance, Ethics and Organisational Practices," Journal of Business Ethics, Springer, vol. 160(2), pages 363-375, December.
    2. Acuña-Muñoz, Oscar Andrés, 2021. "Design and validation of an instrument for measuring socio-cultural and demographic factors that impact the adoption of an innovative financial service," TEC Empresarial, School of Business, Costa Rica Institute of Technology (ITCR), vol. 15(2), pages 68-98.
    3. Kevin Levillain & Blanche Segrestin, 2019. "Commitment in the unknown: An innovative use of the Profit-with-Purpose corporate framework to ensure responsible innovation," Post-Print hal-02171252, HAL.
    4. Stilgoe, Jack & Owen, Richard & Macnaghten, Phil, 2013. "Developing a framework for responsible innovation," Research Policy, Elsevier, vol. 42(9), pages 1568-1580.
    5. Genus, Audley & Iskandarova, Marfuga, 2018. "Responsible innovation: its institutionalisation and a critique," Technological Forecasting and Social Change, Elsevier, vol. 128(C), pages 1-9.
    6. Keren Naa Abeka Arthur, 2017. "Financial innovation and its governance: Cases of two major innovations in the financial sector," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 3(1), pages 1-12, December.
    7. Irene L. Bahena-Álvarez & Eulogio Cordón-Pozo & Alejandro Delgado-Cruz, 2019. "Social Entrepreneurship in the Conduct of Responsible Innovation: Analysis Cluster in Mexican SMEs," Sustainability, MDPI, vol. 11(13), pages 1-21, July.

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