Corporate Governance in Germany: Productive and Financial Challenges

O’Sullivan, Mary

doi:10.1057/9780230523739_9

Cited by 3 publications

(1 citation statement)

References 38 publications

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“…They and their collaborators have shown, likewise, how the subsequent erosion of both (with financial commitment under attack from the ideology of 'maximizing shareholder value') undermined the US position in industries such as machine tools and jet engines (Forrant 2002;Almeida 2002). They have shown how Japan and Germany benefited from their own styles of financial commitment and organizational integration -the latter extending further than the US style, to encompass a large part of the non-managerial workforce (Lazonick 2002b;O'Sullivan 2002).…”

Section: Literature Reviewmentioning

confidence: 99%

The Role of Finance and Corporate Governance in National Systems of Innovation

Tylecote

2007

Organization Studies

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Firms are central actors in innovation, and their actions are much affected by their corporate governance and the finance available. Thus a country's finance and corporate governance system is a key element of its national system of innovation. The technological regimes of sectors (and sub-sectors) vary in ways that affect the demands innovation makes on the financial and corporate governance system. Finance and corporate governance systems (FCGSs) vary among countries in their ability to meet these demands. By setting three dimensions of regime variation alongside the three corresponding dimensions of FCGS variation, patterns of relative and absolute technological advantage among economies can be largely explained — particularly when the focus is on nationality of firm rather than location of activity.

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Section: Literature Reviewmentioning

confidence: 99%