Theoretical and Practical Aspects of Ensuring the Effectiveness of Innovation Activities of Banks
Journal Title: Бізнес Інформ - Year 2014, Vol 6, Issue 0
Abstract
The aim of the article is to study the theoretical foundations and development of scientific and practical recommendations to ensure the effectiveness of innovation as a complex multifaceted banks process. The article studies the essence of innovation as a complex banks targeted integrated process covering all stages of the innovation process, types of innovations, functions and activities of banks, which aims at improving the efficiency, stability and competitiveness of banks. The necessity of introduction of the new approaches to information-analytical support of innovation management of banks was grounded. It will enhance the performance and dynamic development of banks on a new innovation basis. The principles of objective evaluation of the effectiveness of innovative banking were defined, the essence of economic, social and strategic innovation effects banks was considered. A comprehensive analysis of the effectiveness of innovation activity of banks was conducted using transaction cost theory and the concept of a single integrated index the need to improve the effectiveness of Ukrainian banks innovation in modern conditions was verified.
Authors and Affiliations
Iryna Karcheva
Keywords
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