Assessing the Impact of Innovation Technologies on the Market of Banking Services in Ukraine

• Main Authors: Kuzmenko Olha V., Ovcharenko Volodymyr O.
• Format: Article
• Language: English
• Published: Research Centre of Industrial Problems of Development of NAS of Ukraine 2018-02-01
• Series: Bìznes Inform
• Subjects: causal modeling; market of banking services; investment market; market of innovations
• Online Access: http://www.business-inform.net/export_pdf/business-inform-2018-2_0-pages-121_126.pdf

The article carries out the structural modeling of priority directions of development of banking system of Ukraine depending on the investment possibilities for introduction of innovation technologies of customer service. The relevant factors of the banking services market, investment market, and innovation market are identified and standardized. A multidimensional statistical and correlation analysis is carried out in the system of innovation technologies of banking services and investments. The causal relations between the main indicators of the functioning of components of this system are researched by implementing the multidimensional linear regression and factor analysis. Adequacy of the proposed econometric model has been proved on the basis of statistical indicators. As a result of practical approbation of the developed model on the example of the banking system of Ukraine it has been proved that development of the market of innovations and investments positively influences the level of development of the market of banking services.