Corporate governance, product innovation, and competition

Forskningsoutput: TidskriftsbidragArtikelVetenskapligPeer review

Sammanfattning

We show that duopolistic innovation competition between identical firms may lead to an equilibrium with asymmetric corporate governance modes with one firm being shareholder oriented and its rival stakeholder oriented. This happens if the benefit associated with innovation success faced by the stakeholders falls short of an endogenously determined threshold. Above this threshold, the corporate governance equilibrium is symmetric with both firms oriented toward maximization of shareholder value.
OriginalspråkEngelska
Referentgranskad vetenskaplig tidskriftBulletin of Economic Research
Antal sidor8
ISSN0307-3378
DOI
StatusPublicerad - 08.02.2022
MoE-publikationstypA1 Originalartikel i en vetenskaplig tidskrift

Nyckelord

  • 512 Företagsekonomi

Fingeravtryck

Fördjupa i forskningsämnen för ”Corporate governance, product innovation, and competition”. Tillsammans bildar de ett unikt fingeravtryck.

Citera det här