Title Analysis of financial innovation as an income generating process in the saving and credit cooperatives of segment 1 of Chimborazo province.
Article Sidebar
Main Article Content
Abstract
Introduction: Financial innovation, being considered a tool that allows offering faster and lower-cost financial products and services, is directly linked to the generation of income for entities in the financial sector. Objective: Analyze the incidence of financial innovation in the generation of income in the savings and credit cooperatives segment 1 of the Chimborazo province, considering variables such as ATMs, deposits, placements, number of financial operations and the income generated in the period 2018 - 2020. Methodology: The research approach was quantitative, the inductive deductive method allowed to analyze the data obtained from the variables, a linear regression model was applied through the STATA 16.1 software. Results: The financial innovation known as ATMs shows a 36% increase in the income of the savings and credit cooperatives in segment 1. Conclusion: According to the results obtained, it is concluded that there is a positive impact of financial innovation in the generation of income of the financial entities analyzed.
Downloads
Article Details
References
Anaya, A, & Romero, Y. (2018). La inclusión financiera en Sincelejo (Colombia). Un modelo econométrico probit. Ecos de Economía, 22(46), 91-110.
Arnaboldi, F. & Rossignoli, B. (2015). Financial Innovation in Banking. Bank Risk, Governance and Regulation, (2004), 127-162.
Arregui, R., Guerrero, R. % Ponce, K. (2020). Inclusión Financiera y desarrollo. Situación actual, retos y desafíos de la banca. Universidad Espíritu Santo Ecuador.
Awrey, D. (2013). Toward a supply-side theory of financial innovation. Journal Comparative Economics, 41(2), 401-419.
Beck, T., Chen, T., Lin, C., & Song, F (2016). Financial Innovation: the bring and dark side. Journal of Banking Finance, 72, 28 -51
Calderón, C., & Liu, L. (2003). The direction of causality between financial development and economic growth. Journal of development economics, 72(1), 321-334.
Muthinja, M. M., & Chipeta, C. (2018). What drives financial innovations in Kenya’s commercial banks? An empirical study on firm and macro-level drivers of branchless banking. Journal of African Business, 19(3), 385-408.
Córdoba, M. (2016). Gestión Financiera. 2ed. Bogotá: Ecoediciones
European Central Bank (2019). Financial innovation for inclusive growth: European approach
Grydaki, M., & Bezemer, D. (2013). The role of credit in the Great Moderation: A multivariate GARCH approach. Journal of Banking & Finance, 37(11), 4615-4626.
Iqbal, B. & Sami, S. (2017=. Rol of Banks in financial inclusión in Indian. Contaduría y Administración. Vol.62
León, V. & Enrique, J. (2006). ¿Qué sabe acerca de la innovación financiera? Visión Gerencial (1), 63-71
Pampillo, F., De la Cuesta, M., Ruiz, C., Vásquez, O. & Bustarviejo, A. (2017). Sistema financiero en perspectiva. Editorial UNED.
Puente, M, Gavilánez, O. & Arias, I. (2020). Análisis de la bancarización mediante software como proceso de inclusión financiera en Chimborazo. VII Congreso Internacional SECTEI 2020
Roa, M. & Carvallo, O. (2018). Inclusión financiera y el costo del uso de instrumentos financieros formales: Experiencia de América Latina y el Caribe. Inter-American Development Bank.
Superintendencia de Economía Popular y Solidaria (2021). Boletines Financieros Mensuales. Obtenido de: https://www.seps.gob.ec/estadistica?boletines-financieros-mensuales
Vega, D., Horacio, V & Reyes, J. (2015). Profundización y sostenibilidad financiera de las bancas de desarrollo rural mexicanas con relación de América Latina. Análisis Económico, XXX(74) 175-193
Yusif, B. (2012). Adopting a specific innovation type versus composition of different innovation types: Case study of Ghanain bank. International Journal of Bank Marketing. 30(3), 218-240.