Overview
This work investigates the relationship between corporate governance, market structure and innovation. The editors observe that a number of radical mutations are occuring 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: privatization processes, mergers and acquisitions and liberalization 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.
Full Product Details
Author: Mario Calderini ,
Paola Garrone ,
Maurizio Sobrero
Publisher: Edward Elgar Publishing Ltd
Imprint: Edward Elgar Publishing Ltd
Edition: illustrated edition
Weight: 0.591kg
ISBN: 9781840648768
ISBN 10: 1840648767
Pages: 304
Publication Date: 29 January 2003
Audience:
Professional and scholarly
,
Professional & Vocational
,
Postgraduate, Research & Scholarly
Format: Hardback
Publisher's Status: Active
Availability: To order
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Reviews
'... an invaluable book that should be read by anyone who seeks to understand the current state of corporate governance... an extraordinary source of invaluable insights and a spark for creativity, even the more widely read corporate enthusiasts are sure to find something new.' -- L. Striukova, Research Policy 'This excellent collection of theoretical and empirical papers provides novel insights on the relationship between corporate governance, market structure and innovation. By studying the effects of privatisation on M&As and corporate restructuring, and the impact of these effects on innovation and future growth, the book sheds light on the dynamic implications of these institutional changes - implications which embody crucial lessons for both managers and policymakers.' -- Mariana Mazzucato, London Business School and Open University, UK
'. . . an invaluable book that should be read by anyone who seeks to understand the current state of corporate governance. . . an extraordinary source of invaluable insights and a spark for creativity, even the more widely read corporate enthusiasts are sure to find something new.'
'. . . an invaluable book that should be read by anyone who seeks to understand the current state of corporate governance. . . an extraordinary source of invaluable insights and a spark for creativity, even the more widely read corporate enthusiasts are sure to find something new.' -- L. Striukova, Research Policy 'This excellent collection of theoretical and empirical papers provides novel insights on the relationship between corporate governance, market structure and innovation. By studying the effects of privatisation on M&As and corporate restructuring, and the impact of these effects on innovation and future growth, the book sheds light on the dynamic implications of these institutional changes - implications which embody crucial lessons for both managers and policymakers.' -- Mariana Mazzucato, London Business School and Open University, UK
Author Information
Edited by Mario Calderini, Politecnico di Milano, Paola Garrone, Professor of Economics, Politecnico di Milano and Maurizio Sobrero, Professor of Management, Universitá di Bologna, Italy
