Digital Trading Applications and Bank Performance: Evidence from Russia
Digital trading apps are evidence of developing open innovations in the financial sector. The investment industry (including banks and brokers) can greatly benefit from the utilization of digital trading applications and corresponding tools, such as smart contracts. The goal of this research paper i...
Main Authors: | , , , , , , , |
---|---|
Format: | Article |
Language: | English |
Published: |
Elsevier
2021-09-01
|
Series: | Journal of Open Innovation: Technology, Market and Complexity |
Subjects: | |
Online Access: | https://www.mdpi.com/2199-8531/7/3/194 |
_version_ | 1797668364805472256 |
---|---|
author | Anton Lisin Kristina Shvandar Artur Meynkhard Mafura Uandykova Serhat Yuksel Konstantin Kalmikov Oleg Litvishko Xenia Tabachkova |
author_facet | Anton Lisin Kristina Shvandar Artur Meynkhard Mafura Uandykova Serhat Yuksel Konstantin Kalmikov Oleg Litvishko Xenia Tabachkova |
author_sort | Anton Lisin |
collection | DOAJ |
description | Digital trading apps are evidence of developing open innovations in the financial sector. The investment industry (including banks and brokers) can greatly benefit from the utilization of digital trading applications and corresponding tools, such as smart contracts. The goal of this research paper is to examine the possibility that brokers’ existing mobile apps outperform banks without mobile apps in the Russian financial sector. The efficiency of brokers is compared to banks in Russia. The results of these institutions’ activities are related to the number of profitable banks, which declines as a sign of high efficiency. The paper uses methods of <i>t</i>-test, linear and polynomial regression analysis between assets (dependent variable) and the profit to assets (independent variable) in Russia. The article finds the different directions of the utilization of the discussed technology, and they all share the consequential growth after the technology’s introduction. The paper also discusses the various areas of digital trading apps implementation and the future contributions for the Russian banking system and economy. |
first_indexed | 2024-03-11T20:28:07Z |
format | Article |
id | doaj.art-44ddee4d724a4d75a65ba69a31457106 |
institution | Directory Open Access Journal |
issn | 2199-8531 |
language | English |
last_indexed | 2024-03-11T20:28:07Z |
publishDate | 2021-09-01 |
publisher | Elsevier |
record_format | Article |
series | Journal of Open Innovation: Technology, Market and Complexity |
spelling | doaj.art-44ddee4d724a4d75a65ba69a314571062023-10-02T10:54:51ZengElsevierJournal of Open Innovation: Technology, Market and Complexity2199-85312021-09-01719419410.3390/joitmc7030194Digital Trading Applications and Bank Performance: Evidence from RussiaAnton Lisin0Kristina Shvandar1Artur Meynkhard2Mafura Uandykova3Serhat Yuksel4Konstantin Kalmikov5Oleg Litvishko6Xenia Tabachkova7Financial Faculty, Financial University under the Government of the Russian Federation, 125993 Moscow, RussiaFinancial Research Institute of Ministry of Finance of the Russian Federation, 127006 Moscow, RussiaFinancial Faculty, Financial University under the Government of the Russian Federation, 125993 Moscow, RussiaDepartment of Digital Engineering and Data Analysis, Narxoz University, Almaty 050035, KazakhstanSchool of Business, Istanbul Medipol University, Istanbul 34083, TurkeyDepartment of Financial Management, Plekhanov Russian University of Economics, 117997 Moscow, RussiaDepartment of Financial Management, Plekhanov Russian University of Economics, 117997 Moscow, RussiaFinancial Faculty, Financial University under the Government of the Russian Federation, 125993 Moscow, RussiaDigital trading apps are evidence of developing open innovations in the financial sector. The investment industry (including banks and brokers) can greatly benefit from the utilization of digital trading applications and corresponding tools, such as smart contracts. The goal of this research paper is to examine the possibility that brokers’ existing mobile apps outperform banks without mobile apps in the Russian financial sector. The efficiency of brokers is compared to banks in Russia. The results of these institutions’ activities are related to the number of profitable banks, which declines as a sign of high efficiency. The paper uses methods of <i>t</i>-test, linear and polynomial regression analysis between assets (dependent variable) and the profit to assets (independent variable) in Russia. The article finds the different directions of the utilization of the discussed technology, and they all share the consequential growth after the technology’s introduction. The paper also discusses the various areas of digital trading apps implementation and the future contributions for the Russian banking system and economy.https://www.mdpi.com/2199-8531/7/3/194digital trading appssmart contractsdistributed ledgersfinancial servicesbanks |
spellingShingle | Anton Lisin Kristina Shvandar Artur Meynkhard Mafura Uandykova Serhat Yuksel Konstantin Kalmikov Oleg Litvishko Xenia Tabachkova Digital Trading Applications and Bank Performance: Evidence from Russia Journal of Open Innovation: Technology, Market and Complexity digital trading apps smart contracts distributed ledgers financial services banks |
title | Digital Trading Applications and Bank Performance: Evidence from Russia |
title_full | Digital Trading Applications and Bank Performance: Evidence from Russia |
title_fullStr | Digital Trading Applications and Bank Performance: Evidence from Russia |
title_full_unstemmed | Digital Trading Applications and Bank Performance: Evidence from Russia |
title_short | Digital Trading Applications and Bank Performance: Evidence from Russia |
title_sort | digital trading applications and bank performance evidence from russia |
topic | digital trading apps smart contracts distributed ledgers financial services banks |
url | https://www.mdpi.com/2199-8531/7/3/194 |
work_keys_str_mv | AT antonlisin digitaltradingapplicationsandbankperformanceevidencefromrussia AT kristinashvandar digitaltradingapplicationsandbankperformanceevidencefromrussia AT arturmeynkhard digitaltradingapplicationsandbankperformanceevidencefromrussia AT mafurauandykova digitaltradingapplicationsandbankperformanceevidencefromrussia AT serhatyuksel digitaltradingapplicationsandbankperformanceevidencefromrussia AT konstantinkalmikov digitaltradingapplicationsandbankperformanceevidencefromrussia AT oleglitvishko digitaltradingapplicationsandbankperformanceevidencefromrussia AT xeniatabachkova digitaltradingapplicationsandbankperformanceevidencefromrussia |