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Understanding the Characteristics of Techno-Innovation in an Era of Self-Regulated Financial Services

  • Susan V. Scott
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

Abstract

Can we identify the key characteristics of techno-innovation in the era of deregulated financial services? This is an important question particularly now when many are laying the blame for the emergence of a ‘credit crunch’ in 2008 on ill-managed innovations that fuelled growth in contemporary financial services (see Tett 2009). This chapter draws together findings from a programme of research examining the role of technology in the transformation of work practices in the financial sector, and their entanglement with risk and regulation. Examples from multiple longitudinal field studies are used to explore the following questions: What inspires innovation in financial services? How are processes of techno-innovation managed? What are the expected and unexpected consequences of techno-innovation?

Keywords

Fair Trading Financial Service Credit Crunch Strategic Maneuvering Architectural Concept 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Susan V. Scott 2010

Authors and Affiliations

  • Susan V. Scott
    • 1
  1. 1.Information Systems and Innovation Group at the Department of ManagementLondon School of Economics and Political ScienceUK

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