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Governance, Regulation and Innovation

Theory and Evidence from Firms and Nations Edited by Mehmet Ugur, University of Greenwich, UK
This book aims to disentangle the complex relationship between innovation and its potential determinants, paying special attention to the roles of governance and regulatory frameworks, and the ways in which the latter interact with other drivers of innovation such as competition and the innovator’s closeness to the technology frontier.
Extent: 288 pp
Hardback Price: $136.00 Web: $122.40
Publication Date: 2013
ISBN: 978 1 78254 065 6
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  • Business and Management
  • Corporate Governance
  • Economics and Finance
  • Corporate Governance
  • Economic Regulation and Governance
  • Economics of Innovation
  • Industrial Economics
  • Institutional Economics
  • Innovation and Technology
  • Economics of Innovation
This book aims to disentangle the complex relationship between innovation and its potential determinants, paying special attention to the roles of governance and regulatory frameworks, and the ways in which the latter interact with other drivers of innovation such as competition and the innovator’s closeness to the technology frontier.

The contributors provide theoretically grounded and empirically-rich findings indicating that governance and regulation affect innovation directly and indirectly through interaction with other drivers of innovation. The direct effects are positive in the case of governance quality and prescriptive regulations that set standards for compliance. However, the direct effects of corporate governance are not uniform and depend on the corporate governance dimension under investigation. The authors demonstrate that the direct effects are only part of the story. Both governance and regulatory standards interact with the level of competition and the distance to the technology frontier that may have complementary or offsetting effects. Overall, the findings in the book indicate that the relationship between innovation and its potential determinants is more complex and hence calls for more nuanced policy design compared to what is assumed in policy statements by national and international policy actors.

This thought-provoking book will provide a stimulating read for a wide-ranging audience, including scholars and researchers in the fields of economics, industrial organization, public policy and innovation studies.
This is an excellent book for a new understanding of what innovation is and how it emerges. It is a must-have for any academic library as well as for all kinds of people with interest in innovation: politicians, economists, philosophers of science, and a long list of true citizens of the 21st century.
– Jordi Vallverdú, Science & Public Policy
Contributors: A. Conte, P. Demirel, P.-J. Engelen, G.S. Erickson, N. Hashem, F. Huet, E. Kesidou, S. Porcher, E. Trushin, M. Ugur, M. van Essen
Contents:

Preface

1. Governance, Regulation and Innovation: New Perspectives and Evidence
Mehmet Ugur

PART I: GOVERNANCE AND INNOVATION
2. Governance, Market Power and Innovation: Evidence from OECD Countries
Mehmet Ugur

3. Effects of Firm-level Corporate Governance and Country-level Economic Governance Institutions on R&D Curtailment During Crisis Times
Peter-Jan Engelen and Marc van Essen

4. Corporate Governance and Innovation in US-listed Firms: The Mediating Effects of Market Concentration
Nawar Hashem and Mehmet Ugur

5. Determinants of Policy Reforms in the Fields of R&D, Education and Innovation: EU-27 Evidence During the Lisbon Decade
Andrea Conte

PART II: REGULATION AND INNOVATION
6. The Impact of Environmental Regulation Frameworks and Firm-level Factors on Eco-innovations: Evidence from DEFRA Survey of UK Manufacturing Firms
Pelin Demirel and Effie Kesidou

7. Regulation and ICT Capital Input: Empirical Evidence from 10 OECD Countries
Simon Porcher

8. Does Regulation Affect Innovation and Technical Production Efficiency? Evidence from the Global Pharmaceutical Industry
Eshref Trushin

9. Innovation and Regulatory Outcomes: Evidence from the Public–Private Contracts for Water Supply in France
Freddy Huet and Simon Porcher

PART III: GOVERNING INNOVATION
10. Role of Governance in National Innovation Systems: From Intellectual Property to Intellectual Capital
G. Scott Erickson

11. Concluding Remarks on Governance, Regulation and Innovation
Mehmet Ugur

Index