Synopses & Reviews
In the 1970s, the large size of enterprises was one of the symbols of the mass production system's rigidity. The second symbol was state interventionism--blamed for the economic difficulties of the period: growing unemployment and upsurge of inflation. Globalisation is characterised by the predominance of deregulated finance ("big finance") over economic activities. Between free enterprise capitalism and monopoly capitalism stands finance-based capitalism. The financial sphere is mobilised to promote variety and reinforce selection.
This book presents in its first part the financial determinants of innovation processes considered in a macro-economic perspective, which are limited by short-term constraints and studies in its second part the linkages existing between the necessity to innovate in order to survive and the constant attention given to financial results.
Synopsis
This book presents in its first part the financial determinants of innovation processes considered in a macro-economic perspective, which are limited by short-term constraints, and studies in its second part the linkages existing between the necessity to innovate in order to survive and the constant attention given to financial results.
Table of Contents
Foreword--
P. Arestis * Introduction--
B. Laperche and
D. Uzunidis * PART I: FINANCIAL CONSTRAINTS AND INNOVATION PROCESSES * Innovation and Predation--
J. K. Galbraith * Innovation, Finance and Economic Movements--
D. Uzunidis * Macroeconomic Policy, Investment and Innovation--
M. Sawyer * Doctrinal Roots of Short-Termism--
J. E. Sawyer * The Political Economy of R&D in a Global Financial Context--
J. Courvisanos * Finance and Intellectual Property Rights as the Two Pillars of Capitalism Changes--
G. Liodakis * Innovation and the Profitability Imperative: Consequences on the Formation of the Firm's Knowledge Capital--
B. Laperche * PART II: INNOVATION AND PROFITABILITY IN ENTERPRISES' STRATEGIES * Innovation and Profitability in the Computer Industry--
C. Genthon * Financial-Means' Competencies and Innovation: Evidence of Comparative Advantages between SMEs and Big Entreprises--
F. Munier * The Financing of Innovative Activties by Banking Institutions: Policy Issues and Regulatory Options--
E. Ughetto * Innovation and Financing--A Sensitivity Analysis--
I. T. Pasa and
G. Popisteanu * Creation and Co-evolution of Strategic Options by Firms: An Entrepreneurial and Managerial Approach towards Flexibility and Resource Allocation--
T. B. Helmchen * Economic Change and the Organisation of Industry: Is the Entrepreneur the Missing Link?--
E. Barreiro and
J. T. Ravix * Finance as a Generator of Innovating Entrepreneurs--
S. Boutillier