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World Institute for Development Economics Research (UNU-WIDER), United Nations University >
WIDER Research Papers, United Nations University (UNU) >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/63272
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Lazonick, William | | en_US |
| dc.date.accessioned | | 2012-09-21T09:19:46Z | | - |
| dc.date.available | | 2012-09-21T09:19:46Z | | - |
| dc.date.issued | | 2006 | | en_US |
| dc.identifier.isbn | | 9291908495 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/63272 | | - |
| dc.description.abstract | | 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. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | UNU-WIDER Helsinki | | en_US |
| dc.relation.ispartofseries | | Research Paper, UNU-WIDER, United Nations University (UNU) 2006/71 | | en_US |
| dc.subject.jel | | G3 | | en_US |
| dc.subject.jel | | L2 | | en_US |
| dc.subject.jel | | N8 | | en_US |
| dc.subject.jel | | O1 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | corporate governance | | en_US |
| dc.subject.keyword | | innovative enterprise | | en_US |
| dc.subject.keyword | | economic development | | en_US |
| dc.subject.stw | | Corporate Governance | | en_US |
| dc.subject.stw | | Shareholder Value | | en_US |
| dc.subject.stw | | Unternehmen | | en_US |
| dc.subject.stw | | Innovation | | en_US |
| dc.subject.stw | | Entwicklung | | en_US |
| dc.title | | Corporate governance, innovative enterprise, and economic development | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 51418910X | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | WIDER Research Papers, United Nations University (UNU)
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