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Re-Engineering of the Business through Financial Innovations


  • Katerina Voicheska


The paper studies the literature on financial innovations from point of view of the business. The recent financial indignation set out the question whether the innovative financial market instruments are long-term profitable enough. The issue however is not what is their quantity but what they are used for and whether on their purpose. The principle tasks to the experts today are first to filter the toxic from healthy attractive innovative market instruments, then to reach a symbiosis between financial and technological innovations, and last but not least to evaluate the influence of the specific types of financial innovations dominating in each stage of the technological cycle for optimal distribution of the resources in the economy and restoring the business.

Suggested Citation

  • Katerina Voicheska, 2012. "Re-Engineering of the Business through Financial Innovations," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 3, pages 142-153.
  • Handle: RePEc:bas:econst:y:2012:i:3:p:142-153

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    References listed on IDEAS

    1. Bos, Jaap W.B. & Kolari, James W. & van Lamoen, Ryan C.R., 2013. "Competition and innovation: Evidence from financial services," Journal of Banking & Finance, Elsevier, vol. 37(5), pages 1590-1601.
    2. Philippe Aghion & Christopher Harris & Peter Howitt & John Vickers, 2001. "Competition, Imitation and Growth with Step-by-Step Innovation," Review of Economic Studies, Oxford University Press, vol. 68(3), pages 467-492.
    3. Duffie Darrell & Rahi Rohit, 1995. "Financial Market Innovation and Security Design: An Introduction," Journal of Economic Theory, Elsevier, vol. 65(1), pages 1-42, February.
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    More about this item

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General


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