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Innovation in Financial Services – A Theoretical Approach to Sustainable Structural Change

Roxana Voicu-Dorobanþu () and Adrian Cantemir Calin
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Roxana Voicu-Dorobanþu: Faculty of International Business and Economics, Bucharest Academy of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 1762-1767

Abstract: The present paper presents a theoretical analysis of the approaches on innovation as a determinant of organizational change. A relevant area where technology has produced many effects, bringing the need for innovation in services offered is the financial sector. Following a review of theories on innovation and its propagation, the paper presents the impact on payment systems, highly affected by innovation especially in recent decades and the impact on banks, which occurs much more specifically in the form of structural alteration.

Keywords: Innovation; electronic finance; payment systems; banking systems (search for similar items in EconPapers)
JEL-codes: O31 (search for similar items in EconPapers)
Date: 2012
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Handle: RePEc:ovi:oviste:v:xii:y:2012:i:12:p:1762-1767