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首页> 外文期刊>Journal of Business & Economics Research >Analysis Of The Relationship Between Economic Cycle Swings And Adoption Rate Models Of Financial Innovation Diffusion
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Analysis Of The Relationship Between Economic Cycle Swings And Adoption Rate Models Of Financial Innovation Diffusion

机译：经济周期波动与金融创新扩散采用率模型的关系分析

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The United States financial crisis, starting with the credit boom of 2007 and ending with the failure of Lehman Brothers in September 2008, has led to a loss of confidence in the United States financial system. The Financial Crisis Inquiry Commission indicated that the financial crisis affected over 26 million Americans. Many scholars have attributed the crisis to financial innovations, such as mortgage backed securities, adjustable rate mortgages and no-income verified loans, as key innovations that led to the market collapse. Financial innovations have had both positive and negative impacts on the financial industry. Providing a framework that describes the relationship between economic cycle swings and adoption rates of innovative financial instruments can provide greater stability and predictability in financial innovation diffusion, which can lead to more stable returns for shareholders and enhance the public interest through a healthy, innovative and more stable financial industry. An abbreviated evidence-based systematic review was completed on financial innovations that led to the financial crisis of 2007. The research suggests that there is an equilibrium period of time that financial organizations can adopt innovation to avoid unintended consequences like the recent financial crisis. Providing a framework of adoption time can demonstrate where financial innovations can be absorbed to provide the organization with the ability to financially innovate during pro and counter cyclical economic periods. Through an understanding of the timing of financial innovations as they occur in economic cycles, managers of financial organizations can choose the adoption period of time more carefully which could have averted the financial crisis that affected millions of Americans.
机译：美国的金融危机始于2007年的信贷繁荣，结束于雷曼兄弟（Lehman Brothers）于2008年9月破产，这导致人们对美国金融体系失去信心。金融危机调查委员会表示，金融危机影响了超过2600万美国人。许多学者将危机归因于金融创新，例如抵押支持证券，浮动利率抵押贷款和未经收入证明的贷款，这是导致市场崩溃的关键创新。金融创新对金融业既有正面影响也有负面影响。提供描述经济周期波动与创新金融工具采用率之间关系的框架，可以为金融创新扩散提供更大的稳定性和可预测性，从而可以通过健康，创新和更多的方式为股东带来更稳定的回报，并提高公众利益金融业稳定。对导致金融危机的2007年金融创新进行了简短的基于证据的系统评价。该研究表明，金融机构可以在一段均衡的时期内采用创新来避免意外的后果，例如最近的金融危机。提供采用时间的框架可以证明可以在何处吸收金融创新，从而为组织提供在顺周期和逆周期经济时期进行财务创新的能力。通过了解在经济周期中发生的金融创新的时机，金融组织的管理者可以更仔细地选择采用时间，这可以避免影响数百万美国人的金融危机。

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