System‐of‐systems approach for assessment of financial innovations in infrastructure

Purpose – The purpose of the study presented in this paper is to assess determinants of financial innovations in infrastructure using a system‐of‐systems approach, and to demonstrate this approach in the context of the US highway transportation sector.Design/methodology/approach – A system‐of‐systems approach is adopted for systemic assessment. Data obtained from a case‐based research approach and a survey deployed to the state Departments of Transportation in the US is utilized in parallel with a network analysis to explore the status quo, key players and interactions, and the drivers of financial innovations for infrastructure.Findings – The findings include constructs regarding the players, practices, and activities and also a conceptual model relating to the drivers of financial innovations.Practical implications – The model along with the constructs provides an analytical tool for understanding the dynamics of financial innovations. Such understanding would lead to expansion of the creation and diffu...