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Corporate Governance, Innovation Systems and Industrial Performance

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  • Mark Lehrer
  • Andrew Tylecote
  • Emmanuelle Conesa
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    Abstract

    The effective corporate governance of innovating firms calls for a capacity to deal with novelty, visibility and appropriability. Such capacities are found to vary among sectors, in terms of industry-specific expertise, firm-specific perceptiveness, and (sometimes) stakeholder enfranchisement. They also vary between countries, according to their corporate governance systems, as outlined in the paper for the cases of Germany, France, Britain and the United States. The paper shows how the differences described can help to explain the propensity for national industrial specialization in these countries, and describes the results of statistical tests of the hypothesis.

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    Bibliographic Info

    Article provided by Taylor & Francis Journals in its journal Industry and Innovation.

    Volume (Year): 6 (1999)
    Issue (Month): 1 ()
    Pages: 25-50

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    Handle: RePEc:taf:indinn:v:6:y:1999:i:1:p:25-50

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    Cited by:
    1. Franco Cescon, 2002. "Short-term Perceptions, Corporate Governance and the Management of R & D in Italian Companies," Journal of Management and Governance, Springer, vol. 6(3), pages 255-270, September.
    2. Mafini Dosso, 2012. "Exploring the causes behind the persistence of French technological specializations," LEM Papers Series 2012/10, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    3. Tylecote, Andrew & Ramirez, Paulina, 2006. "Corporate governance and innovation: The UK compared with the US and 'insider' economies," Research Policy, Elsevier, vol. 35(1), pages 160-180, February.
    4. Kwee, Z. & van den Bosch, F.A.J. & Volberda, H.W., 2010. "The Influence of Top Management Team’s Corporate Governance Orientation on Strategic Renewal Trajectories," ERIM Report Series Research in Management ERS-2010-032-STR, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    5. Cai, Jing & Tylecote, Andrew, 2008. "Corporate governance and technological dynamism of Chinese firms in mobile telecommunications: A quantitative study," Research Policy, Elsevier, vol. 37(10), pages 1790-1811, December.
    6. Miozzo, Marcela & Dewick, Paul, 2002. "Building competitive advantage: innovation and corporate governance in European construction," Research Policy, Elsevier, vol. 31(6), pages 989-1008, August.
    7. Choi, Suk Bong & Lee, Soo Hee & Williams, Christopher, 2011. "Ownership and firm innovation in a transition economy: Evidence from China," Research Policy, Elsevier, vol. 40(3), pages 441-452, April.
    8. Whitley, Richard, 2003. "Competition and pluralism in the public sciences: the impact of institutional frameworks on the organisation of academic science," Research Policy, Elsevier, vol. 32(6), pages 1015-1029, June.

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