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Financial innovation: theoretical issues and empirical evidence in Italy and in the UK

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  • Bruno Rossignoli
  • Francesca Arnaboldi

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  • Bruno Rossignoli & Francesca Arnaboldi, 2009. "Financial innovation: theoretical issues and empirical evidence in Italy and in the UK," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 56(3), pages 275-301, September.
    • Handle: RePEc:spr:inrvec:v:56:y:2009:i:3:p:275-301
    DOI: 10.1007/s12232-009-0078-5
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    References listed on IDEAS

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    1. W. Scott Frame & Lawrence J. White, 2004. "Empirical Studies of Financial Innovation: Lots of Talk, Little Action?," Journal of Economic Literature, American Economic Association, vol. 42(1), pages 116-144, March.
    2. Luisa Anderloni & Paola Bongini, 2009. "Is Financial Innovation Still a Relevant Issue?," Chapters, in: Luisa Anderloni & David T. Llewellyn & Reinhard H. Schmidt (ed.), Financial Innovation in Retail and Corporate Banking, chapter 2, Edward Elgar Publishing.
    3. Tufano, Peter, 1989. "Financial innovation and first-mover advantages," Journal of Financial Economics, Elsevier, vol. 25(2), pages 213-240, December.
    4. Saita, Francesco, 2007. "Value at Risk and Bank Capital Management," Elsevier Monographs, Elsevier, edition 1, number 9780123694669.
    5. Robert M. Hunt & Samuli Simojoki & Tuomus Takalo, 2009. "Intellectual Property Rights and Standard Setting in Financial Services: The Case of the Single European Payments Area," Chapters, in: Luisa Anderloni & David T. Llewellyn & Reinhard H. Schmidt (ed.), Financial Innovation in Retail and Corporate Banking, chapter 7, Edward Elgar Publishing.
    6. Luisa Anderloni & David T. Llewellyn & Reinhard H. Schmidt (ed.), 2009. "Financial Innovation in Retail and Corporate Banking," Books, Edward Elgar Publishing, number 13229.
    7. G. M.P. Swann, 2009. "The Economics of Innovation," Books, Edward Elgar Publishing, number 13211.
    8. Stefan Wagner, 2008. "Business Method Patents In Europe And Their Strategic Use—Evidence From Franking Device Manufacturers," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 17(3), pages 173-194.
    9. G.M. Constantinides & M. Harris & R. M. Stulz (ed.), 2003. "Handbook of the Economics of Finance," Handbook of the Economics of Finance, Elsevier, edition 1, volume 1, number 1.
    10. Tufano, Peter, 2003. "Financial innovation," Handbook of the Economics of Finance, in: G.M. Constantinides & M. Harris & R. M. Stulz (ed.), Handbook of the Economics of Finance, edition 1, volume 1, chapter 6, pages 307-335, Elsevier.
    11. Peter Tufano, 2003. "Financial Innovation," Levine's Working Paper Archive 618897000000000651, David K. Levine.
    12. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, December.
    13. Isabelle Huault & V. Perret & S. Charreire-Petit, 2007. "Management," Post-Print halshs-00337676, HAL.
    14. Silber, William L, 1983. "The Process of Financial Innovation," American Economic Review, American Economic Association, vol. 73(2), pages 89-95, May.
    15. Robert C. Merton, 1992. "Financial Innovation And Economic Performance," Journal of Applied Corporate Finance, Morgan Stanley, vol. 4(4), pages 12-22, January.
    16. G.M. Constantinides & M. Harris & R. M. Stulz (ed.), 2003. "Handbook of the Economics of Finance," Handbook of the Economics of Finance, Elsevier, edition 1, volume 1, number 2.
    17. Black, Fischer & Scholes, Myron, 1974. "From Theory to a New Financial Product," Journal of Finance, American Finance Association, vol. 29(2), pages 399-412, May.
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    Citations

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    Cited by:

    1. Tamer Khraisha & Keren Arthur, 2018. "Can we have a general theory of financial innovation processes? A conceptual review," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 4(1), pages 1-27, December.
    2. Luning Shao & Jianxin You & Tao Xu & Yilei Shao, 2020. "Non-Parametric Model for Evaluating the Performance of Chinese Commercial Banks’ Product Innovation," Sustainability, MDPI, vol. 12(4), pages 1-15, February.
    3. Md. Qamruzzaman & Wei Jianguo & Sharmin Jahan & Zhu Yingjun, 2021. "Financial innovation, human capital development, and economic growth of selected South Asian countries: An application of ARDL approach," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 4032-4053, July.
    4. Hasan Cömert & Gerald Epstein, 2016. "Finansal Yenilik Yazinindaki Son Gelismeler," STPS Working Papers 1604, STPS - Science and Technology Policy Studies Center, Middle East Technical University, revised Jan 2016.
    5. Joanna Błach, 2020. "Barriers to Financial Innovation—Corporate Finance Perspective," JRFM, MDPI, vol. 13(11), pages 1-23, November.

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    More about this item

    Keywords

    Bank; Innovation; Technology; G21; O32; O33;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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