Global Financialization and Corporate Innovation Strategy

Global Financialization and Corporate Innovation Strategy
Author: Hwan Joo Seo
Publisher: Routledge
Total Pages: 120
Release: 2022-02-25
Genre: Business & Economics
ISBN: 1000584070

Technological innovation is a core aspect of corporate and national competitiveness and it is not only complex—requiring cooperation and coordination among many stakeholders—but it also involves high risk due to uncertainty. Financial markets are a key to successful technological innovation. This book looks at how traditional financing and non-traditional ones transform corporate innovation strategy. This book reviews Korean companies to illustrate the impact of financialization on technological innovation through the relationships among financialization, managerial myopia and short-termism of innovation strategy. It does so by conducting an empirical study using Korean firm and USPTO data from the period of 1980 to 2017. By analyzing the innovation capabilities of Korean companies and presenting indicators of technological competitiveness, it offers insights into how financialization has influenced organizational behaviour, causing them to shift strategy formulation, decision making for production, investment and technological innovation away from a long-term perspective to short-term one. This concise book will be of interest to those interested in strategy and entrepreneurship innovation, especially policy makers focusing on financialization or national level innovation strategies.

Global Financialization and Corporate Innovation Strategy

Global Financialization and Corporate Innovation Strategy
Author: Hwanjoo Seo
Publisher:
Total Pages: 0
Release: 2023-09-25
Genre: Business planning
ISBN: 9781032147383

This book looks at how traditional financing and non-traditional ones transform corporate innovation strategy. It will be of interest to those interested in strategy and entrepreneurship innovation, especially policy makers focusing on financialization or national level innovation strategies.

Financial Innovation in Retail and Corporate Banking

Financial Innovation in Retail and Corporate Banking
Author: Luisa Anderloni
Publisher: Edward Elgar Publishing
Total Pages: 353
Release: 2009-01-01
Genre: Business & Economics
ISBN: 1848447183

Discusses through a blend of theory and empirical research, the processes of innovation and the diffusion of new financial instruments. This book explores theoretical issues such as the relationship among financial innovation and market structure and the legal protection of financial innovation.

The OECD Innovation Strategy Getting a Head Start on Tomorrow

The OECD Innovation Strategy Getting a Head Start on Tomorrow
Author: OECD
Publisher: OECD Publishing
Total Pages: 226
Release: 2010-05-28
Genre:
ISBN: 9264083472

This book provides a set of principles for fostering innovation in people (workers and consumers), in firms and in government, taking an in-depth look at the scope of innovation and how it is changing, as well as where and how it is occurring.

Global Innovation Index 2020

Global Innovation Index 2020
Author: Cornell University
Publisher: WIPO
Total Pages: 448
Release: 2020-08-13
Genre: Law
ISBN: 2381920005

The Global Innovation Index 2020 provides detailed metrics about the innovation performance of 131 countries and economies around the world. Its 80 indicators explore a broad vision of innovation, including political environment, education, infrastructure and business sophistication. The 2020 edition sheds light on the state of innovation financing by investigating the evolution of financing mechanisms for entrepreneurs and other innovators, and by pointing to progress and remaining challenges – including in the context of the economic slowdown induced by the coronavirus disease (COVID-19) crisis.

Makers and Takers

Makers and Takers
Author: Rana Foroohar
Publisher: Currency
Total Pages: 402
Release: 2017-09-12
Genre: Business & Economics
ISBN: 0553447254

Is Wall Street bad for Main Street America? "A well-told exploration of why our current economy is leaving too many behind." —The New York Times In looking at the forces that shaped the 2016 presidential election, one thing is clear: much of the population believes that our economic system is rigged to enrich the privileged elites at the expense of hard-working Americans. This is a belief held equally on both sides of political spectrum, and it seems only to be gaining momentum. A key reason, says Financial Times columnist Rana Foroohar, is the fact that Wall Street is no longer supporting Main Street businesses that create the jobs for the middle and working class. She draws on in-depth reporting and interviews at the highest rungs of business and government to show how the “financialization of America”—the phenomenon by which finance and its way of thinking have come to dominate every corner of business—is threatening the American Dream. Now updated with new material explaining how our corrupted financial sys­tem propelled Donald Trump to power, Makers and Takers explores the confluence of forces that has led American businesses to favor balance-sheet engineering over the actual kind, greed over growth, and short-term profits over putting people to work. From the cozy relationship between Wall Street and Washington, to a tax code designed to benefit wealthy individuals and corporations, to forty years of bad policy decisions, she shows why so many Americans have lost trust in the sys­tem, and why it matters urgently to us all. Through colorful stories of both “Takers,” those stifling job creation while lining their own pockets, and “Makers,” businesses serving the real economy, Foroohar shows how we can reverse these trends for a better path forward.

No Ordinary Disruption

No Ordinary Disruption
Author: Richard Dobbs
Publisher: PublicAffairs
Total Pages: 256
Release: 2016-08-30
Genre: Business & Economics
ISBN: 1610397622

Our intuition on how the world works could well be wrong. We are surprised when new competitors burst on the scene, or businesses protected by large and deep moats find their defenses easily breached, or vast new markets are conjured from nothing. Trend lines resemble saw-tooth mountain ridges. The world not only feels different. The data tell us it is different. Based on years of research by the directors of the McKinsey Global Institute, No Ordinary Disruption: The Four Forces Breaking all the Trends is a timely and important analysis of how we need to reset our intuition as a result of four forces colliding and transforming the global economy: the rise of emerging markets, the accelerating impact of technology on the natural forces of market competition, an aging world population, and accelerating flows of trade, capital and people. Our intuitions formed during a uniquely benign period for the world economy -- often termed the Great Moderation. Asset prices were rising, cost of capital was falling, labour and resources were abundant, and generation after generation was growing up more prosperous than their parents. But the Great Moderation has gone. The cost of capital may rise. The price of everything from grain to steel may become more volatile. The world's labor force could shrink. Individuals, particularly those with low job skills, are at risk of growing up poorer than their parents. What sets No Ordinary Disruption apart is depth of analysis combined with lively writing informed by surprising, memorable insights that enable us to quickly grasp the disruptive forces at work. For evidence of the shift to emerging markets, consider the startling fact that, by 2025, a single regional city in China -- Tianjin -- will have a GDP equal to that of the Sweden, of that, in the decades ahead, half of the world's economic growth will come from 440 cities including Kumasi in Ghana or Santa Carina in Brazil that most executives today would be hard-pressed to locate on a map. What we are now seeing is no ordinary disruption but the new facts of business life -- facts that require executives and leaders at all levels to reset their operating assumptions and management intuition.

Corporate Governance Adrift

Corporate Governance Adrift
Author: Michel Aglietta
Publisher: Edward Elgar Publishing
Total Pages: 0
Release: 2005
Genre: Business enterprises
ISBN: 9781845421380

The authors argue that the basic premise of capitalism - that companies must be managed in the sole interest of their shareholders - is incongruent with the current situation of liquid markets, profit-hungry investors and chronic financial instability.

Innovation and Public Policy

Innovation and Public Policy
Author: Austan Goolsbee
Publisher: University of Chicago Press
Total Pages: 259
Release: 2022-03-25
Genre: Business & Economics
ISBN: 022680545X

A calculation of the social returns to innovation /Benjamin F. Jones and Lawrence H. Summers --Innovation and human capital policy /John Van Reenen --Immigration policy levers for US innovation and start-ups /Sari Pekkala Kerr and William R. Kerr --Scientific grant funding /Pierre Azoulay and Danielle Li --Tax policy for innovation /Bronwyn H. Hall --Taxation and innovation: what do we know? /Ufuk Akcigit and Stefanie Stantcheva --Government incentives for entrepreneurship /Josh Lerner.

Markets for Technology

Markets for Technology
Author: Ashish Arora
Publisher: MIT Press
Total Pages: 351
Release: 2004-01-30
Genre: Business & Economics
ISBN: 0262261367

The past two decades have seen a gradual but noticeable change in the economic organization of innovative activity. Most firms used to integrate research and development with activities such as production, marketing, and distribution. Today firms are forming joint ventures, research and development alliances, licensing deals, and a variety of other outsourcing arrangements with universities, technology-based start-ups, and other established firms. In many industries, a division of innovative labor is emerging, with a substantial increase in the licensing of existing and prospective technologies. In short, technology and knowledge are becoming definable and tradable commodities. Although researchers have made significant advances in understanding the determinants and consequences of innovation, until recently they have paid little attention to how innovation functions as an economic process. This book examines the nature and workings of markets for intermediate technological inputs. It looks first at how industry structure, the nature of knowledge, and intellectual property rights facilitate the development of technology markets. It then examines the impacts of these markets on firm boundaries, the division of labor within the economy, industry structure, and economic growth. Finally, it examines the implications of this framework for public policy and corporate strategy. Combining theoretical perspectives from economics and management with empirical analysis, the book also draws on historical evidence and case studies to flesh out its research results.