Arbeitspapier
Corporate governance, innovative enterprise, and economic development
The notion that good corporate governance means maximizing shareholder value derives from the neoclassical theory of the market economy. I explain why this perspective is highly problematic for understanding the operation and performance of the business corporation and hence the institutions that, for the sake of economic development, should govern it. The main problem is that the market-economy perspective cannot comprehend the process of innovation, including the role of the business corporation. I construct a theory of the innovating firm that, when embedded in comparative-historical analysis, provides a basis for analyzing the relation between corporate governance institutions and economic development.
- ISBN
-
9291908495
- Sprache
-
Englisch
- Erschienen in
-
Series: WIDER Research Paper ; No. 2006/71
- Klassifikation
-
Wirtschaft
- Thema
-
corporate governance
innovative enterprise
economic development
Corporate Governance
Shareholder Value
Unternehmen
Innovation
Entwicklung
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Lazonick, William
- Ereignis
-
Veröffentlichung
- (wer)
-
The United Nations University World Institute for Development Economics Research (UNU-WIDER)
- (wo)
-
Helsinki
- (wann)
-
2006
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Lazonick, William
- The United Nations University World Institute for Development Economics Research (UNU-WIDER)
Entstanden
- 2006
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