5 金融サービス業のイノベーションに対する社会的な制約についての考察^[○!R] : 二つの実証研究に基づくモデルの構築とその評価(経営実践と経営教育理論)

概要

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This study explores effects of regulations on financial innovation, especially after the so-called "big bang in Japanese financial market." In order to explore those issues, I examined the Abernathy Utterback Model which states that the competition in product innovation development would end up in "dominant design" and the competition would shift to process innovation development. In contrast to this, the Christensen Model states that there were innovator's dilemma whenever leading companies make the best innovative effort to maintain their position. I collected 108 cases of financial innovations which occurred in Japanese market from 1986 to 2002, and I categorize those data into four categories. I collected other data such as internet stock dealer financial data. Based on those data, I proposed a hypothesis that, because of regularities or imitations, the product innovation of securities are affected by regularities, and the product innovations of derivative are not protected by regularities. Compared with manufacturer innovations, financial innovations are much affected by social restrictions.
日本マネジメント学会の論文
2003-03-30