Corporate Governance and Innovation: a conceptual approach

Abstract

This paper deals with the relationship between innovation and corporate governance. Corporate governance is relevant for innovation, because the characteristics of innovative investment strategies are dependent on the incentives and abilities of the stakeholders who are in control. The purpose of this research is to analyse the relevance and meaning of existing and new/adapted corporate governance institutions at the firm level in capturing and exploring new technological opportunities and in facilitating innovation and organizational learning. Hypotheses are formulated which relate specific innovation dimensions to corporate governance institutions on the firm level