haku: @indexterm EVOLUTIONARY ECONOMICS / yhteensä: 34
viite: 5 / 34
| Tekijä: | Krafft, J. Ravix, J-L. |
| Otsikko: | The governance of innovative firms: an evolutionary perspective |
| Lehti: | Economics of innovation and new technology
2005 : JAN-MAR, VOL. 14:1-2. p. 125-147 |
| Asiasana: | Corporate governance Evolutionary economics Innovation |
| Kieli: | eng |
| Tiivistelmä: | Agency theory combined with financial indicators has particularly contributed to the development of shareholder value as a key concept in companies' governance both at a theoretical and empirical level. It is argued that an evolutionary perspective can be developed on the governance of innovative companies since 1) conventional economic approaches only consider a restricted part of this complex issue and 2) this restricted vision applied in practice has driven the economic system into major coordination problems and turbulences. On the basis of empirical investigation into the telecommunications industry, and guided by a simple model of evolutionary game, new principles of corporate governance centered upon managerial entrepreneurship and its role on innovation and industry dynamics are proposed. |
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