Corporate Governance and the Innovative Economy: Policy Implications
Corporate governance is concerned with the institutions that influence the ways in which business corporations allocate resources and returns. Our approach to the analysis of corporate governance and its policy implications focuses on its relation to the innovation process and the innovative economy. We identify four different types of corporate governance institutions – executive, supervisory, consultative, and regulatory -- based on different relations with the locus of decision-making power over the allocation of corporate resources and returns. The prime foci for corporate governance policy are two: First, the reform of corporate governance institutions so that they provide better support to the innovation process. Second, the reform of corporate governance processes so that, within the framework of the governance institutions, they encourage corporate strategies that entail allocations of resources and returns to broader and deeper skill bases that can engage in organisational learning.
|Date of creation:|
|Contact details of provider:|| Postal: Hammersborg torg 3, 0179 Oslo, Norway|
Web page: http://www.nifu.no/
More information through EDIRC
|Order Information:||Web: http://www.nifu.no/|
When requesting a correction, please mention this item's handle: RePEc:stp:stepre:1998r03. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Nils Henrik Solum)
If references are entirely missing, you can add them using this form.