000			01629cam a2200229 4500500
005			20250112041128.0
041			_afre
042			_adc
100	1	0	_aRelano, Fransesc _eauthor
700	1	0	_a Paulet, Elisabeth _eauthor
245	0	0	_aA demand-driven innovation insight in the banking industry
260			_c2016.
500			_a53
520			_aThere are two major types of financial innovations: one which is profit-seeking and supply-driven; another which is mostly demand-driven, outward-looking and socially oriented. We illustrate this twofold perspective analyzing the behavior of the banking industry during the period of the subprime mortgage crisis. More precisely, we examine how the financial statements of different types of banks are linked to innovation theories. From this analysis it emerges that, unlike mainstream banking, only the so-called ethical banks can be said to be putting into effect a demand-driven type of financial innovation in their banking practice. It is also argued that this involves a distinct business model. The last part of the paper explores briefly to what extent this demand-driven innovation approach to banking makes sense in the context of the post-financial crisis.JEL Codes: G21, L19, L2, G32
690			_aethical banks
690			_astakeholder-based banks
690			_ainnovative banking practices
690			_ashareholder-based banks
690			_abusiness model
786	0		_nJournal of Innovation Economics & Management | o 20 | 2 | 2016-05-10 | p. 179-195
856	4	1	_uhttps://shs.cairn.info/journal-of-innovation-economics-2016-2-page-179?lang=en
999			_c179066 _d179066