Abstract
High impact research in our fields of banking and finance, and more broadly that of economics, can take three main forms: (1) solving the major unsolved problems in the field, (2) posing major questions/ problems to be solved, and (3) providing a new framework/ approach to synthesize current and extant knowledge in the field. We analyze some recent research in different areas of banking and finance (institutions, risk, governance, bank capital/ regulation, innovation) with a view to distil the creative processes at work. We find that the common themes that emerge are consistent with the theory of bisociation proposed by Koestler in his seminal 1964 book, “The Act of Creation”. We also provide a simple combinatorial exercise in the process of creativity that can be used by the reader by adapting to the topics and areas of her research.
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