Description
Book SynopsisTechnological innovation is a core aspect of corporate and national competitiveness and it is not only complexrequiring cooperation and coordination among many stakeholdersbut 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 m
Table of Contents
1. Introduction 2. Financialization and Corporate Innovation Strategy 3. Innovative Capacity and Financialization of Korean Firms 4. Financialization and Short-termism of Innovation Strategy 5. Conclusion
