Global Financialization and Corporate Innovation Strategy by Hwan Joo Seo

Global Financialization and Corporate Innovation Strategy by Hwan Joo Seo

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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ISBN 13
Title	Global Financialization and Corporate Innovation Strategy
Author	Hwan Joo Seo
Condition	Unavailable
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Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.