B. S. Tether, “The sources and aims of innovation in services: Variety between and within sectors,” Econ. Innov. New Techn, Vol. 12 (6), pp. 481-505, 2003.

has been cited by the following article:

• TITLE: Innovation in the Financial Sector: Persistence and Schumpeterian Hypotheses

  AUTHORS: Roberto Napoli

  KEYWORDS: financial innovation, CIS, schumpeterian hypothesis

  JOURNAL NAME: Journal of Service Science and Management, Vol.1 No.3, December 30, 2008

  ABSTRACT: The paper analyses innovation features in the German financial sector. The first topic is persistence of innovation. Our research question is: Do innovators plan further innovation for the subsequent year? In addition, since the sector is so far poorly researched, very basic questions are investigated in the paper: the relationship between firm size and innovation (both linear and quadratic), as well as the impact of market structure on innovation (i.e. Schumpeterian and neo-Schumpeterian hypotheses). Finally, Suttons argument of R & D sunk costs is investigated as a possible explanation for persistence. Basing on the CIS IV survey, our empirical evidence is consistent with the results of similar researches carried out in different sectors.