Special issue

Abstract

The development of information and telecommunication technologies has changed the financial ecosystem over the last few decades. First, digitalization changed the financial industry and led to new financial instruments. Second, the ways customers interact with banks changed due to social networks, mobile banking, etc. Third, new technologies led to the growth and internationalization of new entrepreneurial firms which provide innovative financial services. The numerous changes in the global financial market triggered research on innovations, which are focused on disruptive innovations, and a number of scholars set up to investigate this phenomenon. The benefits of innovations are related to lower costs, improved efficiency, reduced risk, and better response to the customers’ needs due to new products, services or processes. On the other hand, new business models expose various risks, such as cyber risks, operational risks, regulatory risks, and others. However, we believe that financial innovations significantly benefit by closing the prevailing gap between developed and developing countries. Thus, this Special Issue on “Innovation, Internationalization, and Entrepreneurship” contributes to closing the research gap in the scientific literature. We will welcome papers that are related but are not limited to the following themes: Financial innovations and performance in the traditional financial industry; The nexus of financial innovations and economy growth; The future of financial technology; Risk management and analysis; Uncertainty and decision-making; Current applications in finance and risk management; Entrepreneurial firms in the financial market.