Global Financialization and Corporate Innovation Strategy - The Case of Korean Firms (Hardcover)

Technological innovation is a core aspect of corporate and national competitiveness and it is not only complex-requiring cooperation and coordination among many stakeholders-but it also involves high risk due to uncertainty. Financial markets are a key to successful technological innovation. This book looks at how traditional financing and non-traditional ones transform corporate innovation strategy. This book reviews Korean companies to illustrate the impact of financialization on technological innovation through the relationships among financialization, managerial myopia and short-termism of innovation strategy. It does so by conducting an empirical study using Korean firm and USPTO data from the period of 1980 to 2017. By analyzing the innovation capabilities of Korean companies and presenting indicators of technological competitiveness, it offers insights into how financialization has influenced organizational behaviour, causing them to shift strategy formulation, decision making for production, investment and technological innovation away from a long-term perspective to short-term one. This concise book will be of interest to those interested in strategy and entrepreneurship innovation, especially policy makers focusing on financialization or national level innovation strategies.

General

Imprint:	Taylor & Francis
Country of origin:	United Kingdom
Series:	Routledge Focus on Business and Management
Release date:	March 2022
First published:	2022
Authors:	Hwan Joo Seo • Sung Jin Kang
Dimensions:	216 x 138 x 15mm (L x W x T)
Format:	Hardcover
Pages:	100
ISBN-13:	978-1-03-214737-6
Categories:	Books > Business & Economics > Business & management > International business Books > Reference & Interdisciplinary > Interdisciplinary studies > Area / regional studies > General Books > Business & Economics > Economics > International economics > General Books > Business & Economics > Business & management > Ownership & organization of enterprises > Entrepreneurship Books > Business & Economics > Business & management > Management of specific areas > Research & development management Books > Business & Economics > Business & management > Business mathematics & systems > General
LSN:	1-03-214737-7
Barcode:	9781032147376

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