Corporate Governance, Market Structure and Innovation - Hardcover

Hardcover

ISBN 10: 1840648767 ISBN 13: 9781840648768

Publisher: Edward Elgar Publishing Ltd, 2003

Synopsis

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.

About this title

About the Author

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

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 2003
• Language: English
• ISBN 10: 1840648767
• ISBN 13: 9781840648768
• Binding: Hardcover
• Number of pages: 304
• Editor: Calderini Mario, Garrone Paola, Sobrero Maurizio