NJIT Business Professor Publishes Paper About Banking Innovations

NEWARK, October 16-- Shanthi Gopalakrishnan, Ph.D., associate professor, the School of Management, New Jersey Institute of Technology (NJIT), recently co-authored a paper about banks and the innovations they adopt.

The study found that larger commercial banks with multiple branches tended to adopt more new products and processes. However, niche banks specializing in specific services tended to focus on innovation speed rather innovation magnitude (the number of innovations) adopted.

“We hope our research can provide some guidance for banks and the technology banks invest in,” says Gopalakrishnan. This study was conducted among 101 banks in the Northeastern United States.

The paper won from the Institute of Electrical and Electronics Engineers, Inc. (IEEE) the IEEE Engineering Management Society's 2000 Transactions Publication Award. It was entitled “The Impact of Organizational Context on Innovation Adoption in Commercial Banks." Fariborz Damanpour, a management professor at Rutgers University, co-authored the work.

“The IEEE award was meaningful since it was a recognition from my peers who do similar kinds of research,” says Gopalakrishnan, a Paramus resident. “In academics, this kind of recognition brings credibility to the research that we do.”


NJIT is a public, scientific and technological research university enrolling more than 8,800 students. The university offers bachelor's, master's and doctoral degrees to students in 80 degree programs throughout its six colleges: Newark College of Engineering, New Jersey School of Architecture, College of Science and Liberal Arts, School of Management, Albert Dorman Honors College and College of Computing Sciences. The division of continuing professional education offers adults eLearning, off campus degrees and short courses. Expertise and research initiatives include architecture and building science, applied mathematics, biomedical engineering, environmental engineering and science, information technology, manufacturing, materials, microelectronics, multimedia, telecommunications, transportation and solar astrophysics. Yahoo! Internet Life magazine cites NJIT as a "perennially most wired" university.

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