E-transparency as an organizational innovation in financial services – the case of Lithuania

The development of e-transparency culture requires certain organizational changes related to innovative ways of organizing, structuring and presenting information to interested parties and employing digital technologies. This paper presents the discussion of concepts needed to be researched in order...

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Main Author: Ginta Railiene
Format: Article
Language:English
Published: Universidade do Porto, Faculdade de Engenharia (FEUP) 2015-04-01
Series:Journal of Innovation Management
Subjects:
Online Access:https://journalsojs3.fe.up.pt/index.php/jim/article/view/275
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author Ginta Railiene
author_facet Ginta Railiene
author_sort Ginta Railiene
collection DOAJ
description The development of e-transparency culture requires certain organizational changes related to innovative ways of organizing, structuring and presenting information to interested parties and employing digital technologies. This paper presents the discussion of concepts needed to be researched in order to disclose the e-transparency level of finance institution. It is suggested to focus on content of required and voluntary information (content quality) and on channels for information dissemination (channel quality). The methodology is employed in defining the e-transparency level of Lithuanian credit providers and assessing how innovative finance institutions are in disseminating the regulatory and voluntary information. The research results indicate that Lithuanian banks are contributing to legal requirements, but voluntary presentation of data is rather brief and ways used for information dissemination are poor compared to IT possibilities. The e-transparency culture and organizational innovations in credit unions are under development.
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spelling doaj.art-278b3a33d3784841b94c5dac8d9205ce2022-12-22T02:44:46ZengUniversidade do Porto, Faculdade de Engenharia (FEUP)Journal of Innovation Management2183-06062015-04-01318510310.24840/2183-0606_003.001_0008275E-transparency as an organizational innovation in financial services – the case of LithuaniaGinta Railiene0Kaunas University of TechnologyThe development of e-transparency culture requires certain organizational changes related to innovative ways of organizing, structuring and presenting information to interested parties and employing digital technologies. This paper presents the discussion of concepts needed to be researched in order to disclose the e-transparency level of finance institution. It is suggested to focus on content of required and voluntary information (content quality) and on channels for information dissemination (channel quality). The methodology is employed in defining the e-transparency level of Lithuanian credit providers and assessing how innovative finance institutions are in disseminating the regulatory and voluntary information. The research results indicate that Lithuanian banks are contributing to legal requirements, but voluntary presentation of data is rather brief and ways used for information dissemination are poor compared to IT possibilities. The e-transparency culture and organizational innovations in credit unions are under development.https://journalsojs3.fe.up.pt/index.php/jim/article/view/275e-transparencyinformation disclosurewebsitesocial mediafinance institutionsbankscredit unionslithuania
spellingShingle Ginta Railiene
E-transparency as an organizational innovation in financial services – the case of Lithuania
Journal of Innovation Management
e-transparency
information disclosure
website
social media
finance institutions
banks
credit unions
lithuania
title E-transparency as an organizational innovation in financial services – the case of Lithuania
title_full E-transparency as an organizational innovation in financial services – the case of Lithuania
title_fullStr E-transparency as an organizational innovation in financial services – the case of Lithuania
title_full_unstemmed E-transparency as an organizational innovation in financial services – the case of Lithuania
title_short E-transparency as an organizational innovation in financial services – the case of Lithuania
title_sort e transparency as an organizational innovation in financial services the case of lithuania
topic e-transparency
information disclosure
website
social media
finance institutions
banks
credit unions
lithuania
url https://journalsojs3.fe.up.pt/index.php/jim/article/view/275
work_keys_str_mv AT gintarailiene etransparencyasanorganizationalinnovationinfinancialservicesthecaseoflithuania