The Nature of Financial Innovation: A Post-Schumpeterian Analysis

Perspective of Financial Literacy on Agribusiness Performance in Uganda; A Close Look at Farmers’ Attitude and Social Media Platforms

“…The 21 st century is a world of technology [10]; knowledge sharing, creativity and innovation practices. This is in line with Schumpeter's spill over innovation theory which emphasizes knowledge created endogenously through research and development to result into knowledge spillovers [12]. Therefore, social media has taken over communication in the fastest form not expected.…”

“…The theory focuses on individual agents with endowments of new economic knowledge as the unit of analysis in a model of economic growth, rather exogenously assumed firms. Agents with new knowledge endogenously pursue the exploitation of financial knowledge since knowledge spill over comes from the stock of knowledge thus the need for agribusinesses to appreciate research and development to promote entrepreneurship According to Çinla Akdere and Pelin Benli [12], Schumpeter's analysis of entrepreneurial innovation, which takes place in the real economy, also proposes a theoretical account for understanding the dynamics of financial innovations. The number of firms located close to a business is positively influenced by the knowledge capacity of that sector like agriculture and the knowledge output of the universities.…”

Can ETFs affect U.S. financial stability? A quantile cointegration analysis

“…Given the distortion of ETFs on the long-term valuation of equity indexes, this would be a financial innovation that does not meet the criteria of contributing to the economic development process and, therefore, cannot be considered Schumpeterian (Akdere and Benli 2018).…”

Effect of Green Accounting, Quality Management on Financial Performance, and Green Innovation as Moderation Variables

“…Therefore, innovation involves a multi-step process where new ideas have to be created, tested, produced, and finally commercialized to impact individuals, firms, and society as a whole (Agarwal & Zhang, 2020). In the field of finance, green financial innovation is defined as the process of developing and commercializing new financial products based on different financial technologies, financial institutions, and financial markets, such as the concept of green (Akdere & Benli, 2018). (Qian & Allen, 2009) define green innovation as process change, which includes the change of different financial products.…”