Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/63272 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorLazonick, Williamen
dc.date.accessioned2012-09-21T09:19:46Z-
dc.date.available2012-09-21T09:19:46Z-
dc.date.issued2006-
dc.identifier.isbn9291908495en
dc.identifier.urihttp://hdl.handle.net/10419/63272-
dc.description.abstractThe 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.en
dc.language.isoengen
dc.publisher|aThe United Nations University World Institute for Development Economics Research (UNU-WIDER) |cHelsinkien
dc.relation.ispartofseries|aWIDER Research Paper |x2006/71en
dc.subject.jelG3en
dc.subject.jelL2en
dc.subject.jelN8en
dc.subject.jelO1en
dc.subject.ddc330en
dc.subject.keywordcorporate governanceen
dc.subject.keywordinnovative enterpriseen
dc.subject.keywordeconomic developmenten
dc.subject.stwCorporate Governanceen
dc.subject.stwShareholder Valueen
dc.subject.stwUnternehmenen
dc.subject.stwInnovationen
dc.subject.stwEntwicklungen
dc.titleCorporate governance, innovative enterprise, and economic development-
dc.typeWorking Paperen
dc.identifier.ppn51418910Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Files in This Item:
File
Size
319.82 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.