Global Financialization and Corporate Innovation Strategy: The Case of Korean Firms

Financial markets are essential for successful technological innovation, and this book explores how traditional and non-traditional financing can transform corporate innovation strategy. It analyzes Korean companies to illustrate the impact of financialization on technological innovation, showing how it has shifted strategy formulation, decision-making for production, investment, and technological innovation away from a long-term perspective to a short-term one.

Format: Hardback
Length: 100 pages
Publication date: 04 March 2022
Publisher: Taylor & Francis Ltd

Technological innovation is a critical component of corporate and national competitiveness, requiring complex cooperation and coordination among numerous stakeholders. It also carries significant risk due to the inherent uncertainty surrounding it. Financial markets play a pivotal role in fostering successful technological innovation. This book explores how traditional financing and non-traditional sources transform corporate innovation strategies.

To illustrate the impact of financialization on technological innovation, this book examines Korean companies. It conducts an empirical study using Korean firm and USPTO data from 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 behavior, leading them to shift their strategy formulation, decision-making for production, investment, and technological innovation towards short-term perspectives.

This concise book appeals to those interested in strategy and entrepreneurship innovation, particularly policy makers focused on financialization or national-level innovation strategies.

Weight: 260g
Dimension: 146 x 222 x 15 (mm)
ISBN-13: 9781032147376