Impact of corporate governance on financial innovation: a conceptual framework model

Abstract

This paper presents a conceptual framework that could be applied to the relevant empirical research studies on the relative importance of the concept of corporate governance in order to strengthen the innovative practices in financial services industry. The main data and information for the development of this model is obtained from of the available literature, web sites and supplemented with interviews conducted with key relevant stake holders in financial sector. Thus, this research framework could be utilized to examine the corporate governance and innovation related issues in the other industrial sectors though it has been originally designed for the financial services industry.