Sung Jin Kang - Global Financialization and Corporate Innovation Strat

Edition Number - 0001. Pages Count - 114. Binding type - Perfect.
About this Item

The item is a book Paperback
The Author Name is Sung Jin Kang
The Title is Global Financialization and Corporate Innovation Strategy : The Case of Korean Firms

Condition New

Other Comments
Edition Number - 0001. Pages Count - 114. Binding type - Perfect.
Category - BUSINESS & ECONOMICS / International / Economics & Trade
BUSINESS & ECONOMICS / International / General


Product Description -
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.

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