There is much debate regarding which countries economies have
the best economic systems to encourage economic growth and
technological change. This book is a major contribution to this
discussion, connecting the fields of corporate governance and
finance with the field of innovation and technology and analysing
the ways in which countries systems of corporate governance affect
firms ability to meet the technological challenges of different
sectors.
Tylecote and Visintin combine incisive analysis with empirical
studies systems of corporate governance in the US, Europe, East
Asia and China, demonstrating how these systems vary and how the
demands on those who control and finance industry are changing. The
authors argue that while certain types of system have worked for
particular sectors, the technological revolution through which we
are passing demands innovation in corporate governance and finance.
Indeed, this book goes some way in challenging accepted views of
best practise in corporate governance and finance, showing how
structures and rules intended to advance shareholder value may
undermine it by inhibiting technological change.
This book will be very interesting reading for students and
researchers engaged with corporate governance and national business
systems, as well as those interested in systems of innovation.
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