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http://hdl.handle.net/1893/28909| Appears in Collections: | Management, Work and Organisation Journal Articles |
| Peer Review Status: | Refereed |
| Title: | Financial stability, competitiveness and banks’ innovation capacity: Evidence from the Global Financial Crisis |
| Author(s): | Degl'Innocenti, Marta Grant, Kevin Šević, Aleksandar Tzeremes, Nikolaos G |
| Contact Email: | kevin.grant@stir.ac.uk |
| Keywords: | Global Financial Crisis Financial centres Innovation capacity Non-parametric frontier analysis |
| Issue Date: | Oct-2018 |
| Date Deposited: | 21-Feb-2019 |
| Citation: | Degl'Innocenti M, Grant K, Šević A & Tzeremes NG (2018) Financial stability, competitiveness and banks’ innovation capacity: Evidence from the Global Financial Crisis. International Review of Financial Analysis, 59, pp. 35-46. https://doi.org/10.1016/j.irfa.2018.07.009 |
| Abstract: | This paper provides nuanced evidence on the effect of competitiveness and financial stability on banks’ innovation-capacity (technological-change) levels during the Global Financial Crisis (GFC) in 2007–2008. We applied contemporary developments in non-parametric frontier analysis, employing a new index, the Global Financial Centres Index, to measure the business competitiveness of 45 financial centres. Our findings indicated a nonlinear and positive relationship between financial centres’ competitiveness, banks’ stability and innovation-capacity levels. This suggests that banks’ ability to increase stability alongside financial centres’ stability in a highly competitive environment acts as a protective measure against the GFC's negative effects. |
| DOI Link: | 10.1016/j.irfa.2018.07.009 |
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| File | Description | Size | Format | |
|---|---|---|---|---|
| DeglInnocenti-etal-IntlReviewofFinancialAnalysis-2018.pdf | Fulltext - Published Version | 1.98 MB | Adobe PDF | Under Permanent Embargo Request a copy |
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