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Examining Financial Innovation and Performance in Financial Sector: A Comprehensive Review of Emerging Markets

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Global Business Strategies in Crisis

Part of the book series: Contributions to Management Science ((MANAGEMENT SC.))

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Abstract

Today, the competitiveness of organizations depends on the adaptation to the changes and moving in line with changing needs and demands of customers. Innovation is a critical determinant of increasing the organizational outcomes in emerging markets as they integrate various types of innovations like product, service, process, organizational, marketing, and financial innovation. Financial innovation has become a major type of innovation in various industries. In this respect, it is critical to apply innovation policy as a part of core business. The purpose of this study is to examine the concept of innovation and to review the given literature of financial innovation and financial performance relationship in financial sector, particularly in emerging markets. The study is intended to contribute to literature by providing a comprehensive review of conceptual relationship between financial innovation and performance.

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Authors and Affiliations

  1. Marmara University, School of Banking and Insurance, Göztepe Campus, Kadıköy, İstanbul, Turkey

    Melisa Erdilek Karabay & Gülcan Çağıl

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  1. Melisa Erdilek Karabay
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  2. Gülcan Çağıl
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Correspondence to Gülcan Çağıl .

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Editors and Affiliations

  1. Istanbul Medipol University, Beylikduzu, Istanbul, Turkey

    Ümit Hacioğlu

  2. Istanbul Medipol University , Eyup, Istanbul, Turkey

    Hasan Dinçer

  3. Istanbul Medipol University , Zeytinburnu, Istanbul, Turkey

    Nihat Alayoğlu

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Erdilek Karabay, M., Çağıl, G. (2017). Examining Financial Innovation and Performance in Financial Sector: A Comprehensive Review of Emerging Markets. In: Hacioğlu, Ü., Dinçer, H., Alayoğlu, N. (eds) Global Business Strategies in Crisis. Contributions to Management Science. Springer, Cham. https://doi.org/10.1007/978-3-319-44591-5_24

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