Download or read book Corporate Governance and Innovation Under Demand Uncertainty written by Vladimir Hlasny and published by . This book was released on 2018 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Existing literature has identified the effects of competition and firms' ownership and management structure on firms' decisions to invest in innovation. We extend this literature by examining the role of market-demand uncertainty on the relationship between firm ownership, management structure and management turnover, on the one hand, and firms' innovation on the other hand. We evaluate the effects of product-market competition, concentration of firms' ownership, presence of foreigners on owner-appointed corporate boards of directors, management independence, and management turnover rates on firms' patent applications under varying degrees of uncertainty. The validity of alternative hypotheses about management motivation - lazy manager, career concerns, prospect theory, and special East-Asian institutional constraints hypotheses - is evaluated, controlling for firms' prior investment in innovation and firm characteristics. Unique data for 711 Korean firms and nine years, 2003-2011, are used (4,339 records). We find support for the lazy-manager hypothesis by identifying substitutability between market-competitive pressures and owner-manager separation in driving managers' effort to pursue innovation. Demand uncertainty raises managers' incentives to innovate, by increasing the potential stake from innovation and increasing the risk of default if firms fail to innovate. There is little evidence that Korean managers pursue innovation to ease their career concerns or to meet an expected performance yardstick, or that they follow a special East-Asian pattern. Management turnover has little effect on innovation, and firms' existing performance increases it. Foreign management and the share of the largest firm owner (proxying for conglomerate or family ownership) have little effect on firms' innovation.
Download or read book Supply Chain Management and Corporate Governance written by Catherine Xiaocui Lou and published by Taylor & Francis. This book was released on 2022-07-29 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Supply Chain Management and Corporate Governance: Artificial Intelligence, Game Theory and Robust Optimisation is the first innovative, comprehensive analysis and analytical robust optimisation modelling of the relationships between corporate governance principles and supply chain management for risk management and decision-making under uncertainty in supply chain operations. To avoid corporate failures and crises caused by agency problems and other external factors, effective corporate governance mechanisms are essential for efficient supply chain management. This book develops a new collaborative robust supply chain management and corporate governance (RSCMCG) model and framework that combines good corporate governance practices for risk management strategies and decision-making under uncertainty. This model is developed as a principal–agent game theory model, and it is digitalised and computed by Excel algorithms and spreadsheets as an artificial intelligence and machine-learning algorithm. The implementation of the RSCMCG model provides optimal supply chain solutions, corporate governance principles and risk management strategies for supporting the company to achieve long-term benefits in firm value and maximising shareholders’ interests and corporate performance while maintaining robustness in an uncertain environment. This book shows the latest state of knowledge on the topic and will be of interest to researchers, academics, practitioners, policymakers and advanced students in the areas of corporate governance, supply chain management, finance, strategy and risk management.
Download or read book Governance and Innovation written by Maria Brouwer and published by Routledge. This book was released on 2008-03-26 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This provocative book applies law and finance theory to a wide range of issues bearing on corporate governance and business history. Brouwer's analysis should hold particular interest for students and scholars interested in comparative governance."Joseph A. McCahery, Professor of Corporate Governance and Innovation, University of Amsterdam Center
Download or read book Innovations in Corporate Governance written by Susan Watson and published by Edward Elgar Publishing. This book was released on 2017-10-27 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world is changing. Old certainties were swept away by the Financial Crisis of 2008. States are grappling with the implications of new thinking about the ways in which the role and nature of corporations should be viewed and therefore regulated. This timely study uses perspectives of scholars from around the world to highlight and provide critical analysis of innovations in corporate governance adopted in a range of jurisdictions, both mature and developing. Due to their primary importance, particular attention is paid to the governance of banks.
Download or read book Competence Governance and Entrepreneurship written by Nicolai J. Foss and published by Oxford University Press, USA. This book was released on 2002 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together prominent voices on competence, governance, and entrepreneurship to advance and stimulate economic strategy research. By pooling and mobilizing intellectual resources of both competence and governance perspectives, the contributions show that an innovative joint venture between these two main perspectives can lead to a new avenue of future research on strategic issues such as 'corporate growth', 'interfirm cooperation', and 'corporate entrepreneurship.'
Download or read book Innovation Governance written by Jean-Philippe Deschamps and published by John Wiley & Sons. This book was released on 2014-06-03 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The business leader's guide to encouraging continuous innovation in any organization Innovation governance is a hot topic in the business world. In a fast-paced business environment, the ability of corporate leaders to build purpose, direction, and focus for innovation is more important than ever. In this book, the authors provide a framework for encouraging and focusing innovation by explaining what innovation governance is, the various models for governance and their advantages and disadvantages, how to assess and improve governance practices, and behavioral tactics for maximizing the effectiveness of governance. It offers guidance for everyone from the boardroom through senior management, illustrating effective governance models with real case studies from a range of companies in the United States and Europe. Addresses an important yet underappreciated skill for CEOs, board members, and top management Features real-world examples and case studies from a variety of business from around the world Written by an author team with hands-on experience in the subjects of innovation management, organizational learning, innovation leadership, organizational behavior, and individual leadership and teamwork Innovation governance is a sadly neglected topic in many organizations. This book offers vital guidance and real-world experience for building innovation into any business from the top down.
Download or read book Organizing for Innovation written by Mark Fenwick and published by Springer Nature. This book was released on 2022-10-29 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that large corporations need to implement governance practices and processes that make them better innovators and that the challenge is to identify organizational principles and practices that provide the best chance of delivering innovative products to create a meaningful consumer experience. In this context, it is important to recognize that when we address organizational forms, we are not thinking of corporate governance in the sense of managing agency costs and ensuring regulatory compliance, but the more pressing business task of putting in place organizational systems and processes that facilitate value creation through continued and sustained innovation. The book examines how the contemporary concept and discourse of corporate governance may be obsolete or, at least, is increasingly disconnected from the needs and realities of the most innovative firms today. The concept of organizing for innovation—identifying process and practices that deliver the best opportunities for innovation—needs to take centre stage. This book aims to contribute to the nascent debate in this area by bringing together a series of chapters that examine various issues related to organizing for innovation.
Download or read book Corporate Governance and Innovation written by Filippo Belloc and published by . This book was released on 2014 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The traditional economics of innovation, inspired by Schumpeter and more recent advances on his work, seem unable to explain why firms with similar external conditions may show greatly different performance in innovation. Contrastingly, the literature on corporate governance provides some useful insights for understanding corporate innovation activity, to the extent that such literature examines the economic effects of different modes of coordination between firm members. The process through which individuals integrate their human and physical resources within the firm is central to the dynamics of corporate innovation. This paper provides the first survey of the literature on this issue. We start by discussing how various theoretical approaches to the analysis of the firm deal with technological innovation. We then describe three main channels - corporate ownership, corporate finance and labor - through which a system of corporate governance shapes a firm's innovation activity. Finally, we examine the relationship between country-level institutional settings, national patterns of corporate governance and the aggregate innovation activity of corporations. We conclude by suggesting that future research should focus more deeply on the interrelation between the various dimensions of corporate governance and on their joint effect on firm innovation.
Download or read book Governance Regulation and Innovation written by Mehmet Ugur and published by Edward Elgar Publishing. This book was released on 2013-08-01 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to disentangle the complex relationship between innovation and its potential determinants, paying special attention to the roles of governance and regulatory frameworks, and the ways in which the latter interact with other drivers of innovation such as competition and the innovators closeness to the technology frontier. The contributors provide theoretically grounded and empirically-rich findings indicating that governance and regulation affect innovation directly and indirectly through interaction with other drivers of innovation. The direct effects are positive in the case of governance quality and prescriptive regulations that set standards for compliance. However, the direct effects of corporate governance are not uniform and depend on the corporate governance dimension under investigation. The authors demonstrate that the direct effects are only part of the story. Both governance and regulatory standards interact with the level of competition and the distance to the technology frontier that may have complementary or offsetting effects. Overall, the findings in the book indicate that the relationship between innovation and its potential determinants is more complex and hence calls for more nuanced policy design compared to what is assumed in policy statements by national and international policy actors. This thought-provoking book will provide a stimulating read for a wide-ranging audience, including scholars and researchers in the fields of economics, industrial organization, public policy and innovation studies.
Download or read book The Innovative Enterprise and Corporate Governance written by Mary O'Sullivan and published by . This book was released on 1998 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Corporate Governance and Risk written by John C. Shaw and published by John Wiley & Sons. This book was released on 2004-03-31 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: Decision-making and corporate governance have always been important functions in a company, but never more so than in the current post-Enron/Andersen business environment. This book acts as a framework for corporate officers and senior-level executives who need to redesign their own decision-making, risk, and governance processes. The approaches have been successfully proven in a number of leading companies, whose case studies are included in the book. Offers up to date coverage of an increasingly important topic, citing a proven approach that draws from leading companies and provides a composite of what not to do based on companies like Anderson and Enron. Author very active in conference circles, addressing thousands in industry events.
Download or read book Understanding Organizations in Complex Emergent and Uncertain Environments written by Anabella Davila and published by Springer. This book was released on 2012-06-07 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the concept of complexity and analyses how organizational governance can contribute to environmental sustainability. A common theme in these chapters is that organizations actively engage with their environments. Consequently, organizational responses are partly the result of iterative processes with the environment.
Download or read book Preventing Corporate Governance Failure written by Harry Korine and published by Haupt Verlag. This book was released on 2022-04-13 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: The key questions that need to be asked in every corporate governance analysis are 'who is running the firm' and 'how is accountability ensured'. When governance breaks down it is because of too much power concentration or not enough accountability or both. Practitioner or analyst, concerned with the listed firm or the non-listed, the reader of this book will gain a precise understanding of the causes and take away a practical toolbox for preventing future incidents of corporate governance failure.
Download or read book Understanding and Managing Strategic Governance written by Wei Shi and published by John Wiley & Sons. This book was released on 2021-08-04 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explore the interplay between corporate governance and strategic decision-making in this startling new resource In Understanding and Managing Strategic Governance, strategy and management experts Dr. Wei Shi and Robert E. Hoskisson deliver an insightful exploration of the influence that governance actors, like the board of directors, activist investors, institutional investors, and securities analysts, have on important strategic decisions. Based on surveying the latest research and analyzing unique datasets compiled by the authors, the book explains the impact that governance actors have on a firm’s strategic choices and the quality of such choices as well as the unintended consequences of that impact. The authors also describe how executives can manage the conflicting interests of multiple governance actors and leverage the influence of these actors to make effective strategic decisions. In this book, you’ll discover: How to avoid the strategic pitfalls that arise from governance actor influence and harm firms’ long-term competitiveness The effect that governance actors can have on corporate strategy, competitive strategy, corporate innovation strategy, global strategy, stakeholder strategy, and more The latest trends in corporate governance and their implications for managers, regulators, and policy makers in this area Perfect for C-level executives, board of directors, and institutional investors as well as students of corporate governance and strategy, Understanding and Managing Strategic Governance is a revealing and original examination of the interplay between corporate governance and firm strategy and how to manage that interplay to create sustainable competitive advantages.
Download or read book Innovations in Governance and Public Administration written by Adriana Alberti and published by United Nations Publications. This book was released on 2006 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication sheds light on the many challenges and opportunities of innovations in governance as a developmental tool. The publication provides key ideas and useful tools to transfer and adapt successful practices and innovations in governance and public administration. By providing governments with a menu of innovations to solve economic and social problems effectively and with tools to adapt to their own context, the international community can play a critical role in promoting good governance. Publishing Agency: United Nations (UN).
Download or read book Innovation and Technological Change written by Zoltán J. Ács and published by University of Michigan Press. This book was released on 1991 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of market response to technological performance
Download or read book The Right Corporate Governance written by Fredmund Malik and published by Campus Verlag. This book was released on 2012-08 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fredmund Malik has become the leading analyst of, and expert on, management in Europe (...). He is the most important voice - in theory as well as in the practice of Management Peter Drucker Long before everybody else, Malik uncovered the false logic on which conventional corporate governance is grounded, using his comprehensive general management framework. He unmasked neo-liberalism's false and destructive teachings, and the errors caused by the mechanical application of financial management. In this book he reveals why manager scandals, company disintegrations and the collapse of the financial system result from false corporate governance. Malik then contrasts this against his cutting edge solutions to organizing and controlling the complex systems of the 21st century. A healthy economy in a functioning society requires companies to strive for customer value not shareholder value, competitiveness not size, real engineering solutions not financial engineering solutions. "Many practitioners hang on his every word and appreciate his candid language." Wirtschaft und Weiterbildung "Malik is listened to because management knowledge has never been more important." Süddeutsche Zeitung
