Is financial innovation a still relevant issue?
In this study we investigate the effects of financial innovation on performance and asset growth for a sample of EU large banks. The novel contribution of this study is the use of a unique dataset that identifies banks’ attitude towards innovation across time and the level of information conveyed to market participants in order to understand: a) to what extent, in recent years, banks have focused their attention on financial innovation; b) to what extent an innovating attitude translates into greater asset growth and higher profitability;
Paola Bongini and Luisa Anderloni. "Is financial innovation a still relevant issue?" Financial Innovation in retail and corporate banking. Ed. Luisa Anderloni, David T. Llewellyn and Harry Schmidt. Cheltenam: Edward Elgar, 2009.
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