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Corporate Governance, Market Structure and Innovation (Hardcover, illustrated edition)
Loot Price: R3,327
Discovery Miles 33 270
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Corporate Governance, Market Structure and Innovation (Hardcover, illustrated edition)
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This book investigates the relationship between corporate
governance, market structure and innovation. The editors observe
that a number of radical mutations are occurring in industries that
have played a crucial role in sustaining and fostering the pace of
technological progress. Specifically, three classes of
institutional discontinuities are discussed: privatisation
processes, mergers and acquisitions and liberalisation of the
market. The authors aim to show that the effects of such
institutional discontinuities may seriously affect, in the short
term, the market value of the firm, and in the medium/long term,
the performance of the national system of innovation as a whole.
The book outlines the theoretical background to the empirical
analyses that are later developed and illustrated using original
longitudinal data set from US and European markets. It goes on to
present selected empirical evidence drawn from different
industries, which provide the reader with an interesting insight
into how major changes in corporate governance and in market
structures have affected innovation activities in high tech
sectors. Finally, the authors discuss the technology policy
implications that are derived from the evidences illustrated.
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