Determinants o f Disruptive Innovation That Influences F inancial S ervice Performance

Q3 Economics, Econometrics and Finance
Khalifa Khalfan Muftah Al Mansoori, M. Bakri
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引用次数: 0

Abstract

Purpose: Disruptive innovation has been considered an important input to the economic growth of a business operation. Responding to the changing landscape towards disruptive innovation resulting from advanced technological development, the UAE government has started to focus seriously on the development of new disruptive technology platforms. Thus, as an initial step in developing a model of disruptive innovation factors that contributes to the financial service performance in the UAE, this study was geared towards investigating the disruptive innovation factors towards financial service performance. Design/methodology/approach: This research employed a quantitative research method. The data were collected from 315 respondents among executive banking officers at Mohammed Bin Rashid Centre for Government Innovation, in Abu Dhabi through questionnaires. Findings: The results indicated that disruptive innovation factors of financial service performance in the UAE showed a rather high level of technology intention towards innovation. As for the disruptive innovation factors, the economic, environmental and social were proven significantly and positively related to financial service performance. Therefore, the results supported Innovation Diffusion Theory and Technology Acceptance Model that both disruptive business models and disruptive technology influence a financial institution's performance. Research limitations/implications: This paper offers important implications specifically This study has successfully shed some light on the willingness of current disruptive innovation to transform into a financial service performance context. The result of this study suggested that every business leader is playing a crucial part in influencing others to take up disruptive innovation practices in business. Since financial institutions can only practice disruptive innovation transition when the owner-managers appreciate it, it is therefore viable for the existing financial institution to share their own experiences or success stories with others. The government needs to have disruptive innovation since financial service performance is assumed to be a significant job and become an impetus of monetary and economic development in UAE, with the commitment of 80 percent of absolute innovation establishments in UAE that add to 20 percent of the nation’s Gross Domestic Product (GDP), while shares 10 percent exports of the country. Concerning the national agenda vision 2021, the government aimed at becoming a high-income nation. Originality/value: The disruptive innovation factors can be a focus on economic, environmental, and social for enhancing a financial service performance. Yet, the integration of disruptive technology as cost-benefit, compatibility, and complexity in the relationship between a disruptive business model in the value proposition, resources accessibility, and business structure with disruptive innovation factors towards financial service performance.
影响金融服务绩效的破坏性创新的决定因素
目的:颠覆性创新被认为是企业经营经济增长的重要投入。为了应对先进技术发展带来的颠覆性创新格局的变化,阿联酋政府开始认真关注新的颠覆性技术平台的开发。因此,作为开发影响阿联酋金融服务绩效的颠覆性创新因素模型的第一步,本研究旨在调查影响金融服务绩效的颠覆性创新因素。设计/方法/方法:本研究采用定量研究方法。这些数据是通过问卷调查从阿布扎比穆罕默德·本·拉希德政府创新中心的315名银行高管中收集的。研究发现:阿联酋金融服务绩效的颠覆性创新因素表现出较高的技术创新意愿。在颠覆性创新因素方面,经济、环境和社会因素与金融服务绩效呈显著正相关。因此,研究结果支持创新扩散理论和技术接受模型,即颠覆性商业模式和颠覆性技术都会影响金融机构的绩效。研究局限/启示:本文提供了重要的启示,特别是本研究成功地揭示了当前颠覆性创新转变为金融服务绩效背景的意愿。这项研究的结果表明,每一个商业领袖在影响他人采取破坏性创新实践方面都发挥着至关重要的作用。由于金融机构只有在所有者-管理者认可的情况下才能进行颠覆性创新转型,因此现有金融机构与他人分享自己的经验或成功故事是可行的。政府需要进行颠覆性创新,因为金融服务绩效被认为是一项重要的工作,并成为阿联酋货币和经济发展的推动力,阿联酋80%的绝对创新机构的承诺增加了该国国内生产总值(GDP)的20%,同时分享了该国10%的出口。在2021年国政展望中,政府的目标是“成为高收入国家”。原创性/价值:颠覆性创新因素可以集中在经济、环境和社会方面,以提高金融服务绩效。然而,颠覆性技术在价值主张、资源可及性、业务结构等颠覆性商业模式关系中的成本效益、兼容性和复杂性与颠覆性创新因素对金融服务绩效的影响。
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来源期刊
Global Business and Finance Review
Global Business and Finance Review Economics, Econometrics and Finance-Finance
CiteScore
1.20
自引率
0.00%
发文量
37
审稿时长
16 weeks
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