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IJSTR >> Volume 8 - Issue 8, August 2019 Edition

International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616

The Determinants of Financial Innovation

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Dewi Tamara, Adler H. Manurung, Dezie L. Warganegara, Toto Rusmanto



financial innovation, resource-based view, innovation organization, skill, peer, information technology, firm size, mutual funds



The importance of innovation in financial sector has attracted attention of scholars and practitioners. However, the scholar work of literature about determinants of financial innovation is incomplete and limited. This paper propose new angle from Resource-Based View to indicate the determinant of financial innovation which are innovation organization, skill, peer, information technology and firm size. Using sample from mutual funds companies in Indonesia and the method of partial least square to analyze data, this paper finds that innovation organization, skill and technology information are significant to financial innovation. This results indicate that premise of resource-based view also important to innovation in financial sectors. This paper contributes to the body of knowledge either in resource-based view literature and financial innovation in term of the discussion of determinants factors of innovation..



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