Corporate Governance in the Knowledge Economy

Corporate Governance in the Knowledge Economy PDF Author: Paul David Richard Griffiths
Publisher:
ISBN: 9783030788742
Category :
Languages : en
Pages : 0

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Book Description
With the transition into the Knowledge Economy, a formidable series of new challenges arise within the corporate governance space. This book tackles the issue of corporate governance along two axes. Firstly, it confronts the developments in corporate governance within the context of the Knowledge Economy and all its implications in relation to the pre-eminence of intangible assets, the advent of technologies such as smartphones and advanced forms of artificial intelligence, and cultural changes associated with the incorporation of Gen Y into the workforce and the proliferation of social networks and effects such as Big Data and cyber-threats. Secondly, it highlights the challenges for multinational organizations and the tension that exists between headquarters and subsidiary offices due to the need to combine the corporation's ethical culture and corporate governance values with the institutional forces of the subsidiaries' context. The combination of these two axes addressed viz a viz the relationship between senior management and the rank and file of the organization to create an ethical corporate culture leads to a completely different positioning of corporate governance and make the book truly unique and of interest to researchers, students of corporate finance and corporate governance alongside practitioners within financial organizations and more broadly. Paul David Richard Griffiths is Academic Director of postgrads in Banking and Fintech at EM Normandie Business School, Metis Lab. He lectures on Fintech, Business Ethics & Governance, Banking Regulations, Knowledge Management, Data Visualisation and the Anglo-Saxon Financial System. Prior to becoming a full-time academic, Paul spent 20 years in leadership positions at global management consulting firms, serving Boards of blue-chip companies, particularly in the financial services sector. He specialises in management of intangible assets such as intellectual capital and related technologies such as artificial intelligence and Fintech. Paul's interests in research bridge across the fields of Fintech and knowledge management and the development of knowledge networks, particularly in banking. He holds a Master's degree in engineering; he has been a Humphrey Fellow (Fulbright Commission) at the University of Minnesota; and holds a doctorate in business administration. He is a prolific writer in professional and academic publications and a renowned speaker at conferences and seminars.

Corporate Governance in the Knowledge Economy

Corporate Governance in the Knowledge Economy PDF Author: Paul David Richard Griffiths
Publisher:
ISBN: 9783030788742
Category :
Languages : en
Pages : 0

Get Book Here

Book Description
With the transition into the Knowledge Economy, a formidable series of new challenges arise within the corporate governance space. This book tackles the issue of corporate governance along two axes. Firstly, it confronts the developments in corporate governance within the context of the Knowledge Economy and all its implications in relation to the pre-eminence of intangible assets, the advent of technologies such as smartphones and advanced forms of artificial intelligence, and cultural changes associated with the incorporation of Gen Y into the workforce and the proliferation of social networks and effects such as Big Data and cyber-threats. Secondly, it highlights the challenges for multinational organizations and the tension that exists between headquarters and subsidiary offices due to the need to combine the corporation's ethical culture and corporate governance values with the institutional forces of the subsidiaries' context. The combination of these two axes addressed viz a viz the relationship between senior management and the rank and file of the organization to create an ethical corporate culture leads to a completely different positioning of corporate governance and make the book truly unique and of interest to researchers, students of corporate finance and corporate governance alongside practitioners within financial organizations and more broadly. Paul David Richard Griffiths is Academic Director of postgrads in Banking and Fintech at EM Normandie Business School, Metis Lab. He lectures on Fintech, Business Ethics & Governance, Banking Regulations, Knowledge Management, Data Visualisation and the Anglo-Saxon Financial System. Prior to becoming a full-time academic, Paul spent 20 years in leadership positions at global management consulting firms, serving Boards of blue-chip companies, particularly in the financial services sector. He specialises in management of intangible assets such as intellectual capital and related technologies such as artificial intelligence and Fintech. Paul's interests in research bridge across the fields of Fintech and knowledge management and the development of knowledge networks, particularly in banking. He holds a Master's degree in engineering; he has been a Humphrey Fellow (Fulbright Commission) at the University of Minnesota; and holds a doctorate in business administration. He is a prolific writer in professional and academic publications and a renowned speaker at conferences and seminars.

A History of Corporate Governance around the World

A History of Corporate Governance around the World PDF Author: Randall K. Morck
Publisher: University of Chicago Press
ISBN: 0226536831
Category : Business & Economics
Languages : en
Pages : 700

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Book Description
For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States, capitalism seems like an initiative that serves only to concentrate power and wealth in the hands of a few hereditary oligarchies. As A History of Corporate Governance around the World shows, neither conception is wrong. In this volume, some of the brightest minds in the field of economics present new empirical research that suggests that each side of the debate has something to offer the other. Free enterprise and well-developed financial systems are proven to produce growth in those countries that have them. But research also suggests that in some other capitalist countries, arrangements truly do concentrate corporate ownership in the hands of a few wealthy families. A History of Corporate Governance around the World provides historical studies of the patterns of corporate governance in several countries-including the large industrial economies of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States; larger developing economies like China and India; and alternative models like those of the Netherlands and Sweden.

Corporate Governance in Knowledge Economy - The Relevance of Intellectual Capital

Corporate Governance in Knowledge Economy - The Relevance of Intellectual Capital PDF Author: V. Kavida
Publisher:
ISBN:
Category :
Languages : en
Pages : 13

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Book Description
Traditionally Corporate Governance was associated with the size, composition, qualification and role of directors. The meaning and relevance of Corporate Governance is also changing with times. However Corporate Governance has emerged as an indispensable aspect of Management. In the past, the corporate value was mostly measured by the tangible assets reflected in the book value of the companies. In the knowledge-based economy numerous corporate organizations have utilized Intellectual Assets for their competitive advantage to create corporate value. The value created by Intellectual Assets is often not reflected in the financial statements of the companies. The growing difference between book value and market value of companies could perhaps explain the role of Intellectual Assets. The crash of the dot com companies and the debacle of Enron and World Com have refocused the discussion on Intellectual Assets and its indispensability in Financial Management, more so in Corporate Governance.As observed by World Council for Corporate Governance, the corner stone of the absolute minimum standards (for Corporate Governance), for the constantly gyrating new (knowledge) economy, will be a new form of scientific management based on performance reality and accuracy in reporting on corporate capabilities. Communicating at least the core strengths and opportunities of the company, in monetary terms would certainly win the investors' confidence. Though Corporate Governance requires admitting weaknesses and failures, many companies have not even disclosed their Intellectual Assets. The task is two fold, first the Board ought to be educated about the pride in disclosing its Intellectual Assets and admitting its failures; secondly the investors are to be apprised about the core strengths of the company, that are undisclosed. Transparency, therefore, is the key for corporate survival.

Corporate Management in a Knowledge-Based Economy

Corporate Management in a Knowledge-Based Economy PDF Author: G. Zanda
Publisher: Springer
ISBN: 0230355455
Category : Business & Economics
Languages : en
Pages : 274

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Book Description
Corporate Management in a Knowledge-Based Economy traces the evolution of corporate governance over time, with a particular focus on the changing nature of power. The control of scarce resources used in production materials, labour and capital has evolved considerably over the past centuries, with government, landowners, non-owner managers, and institutional investors acting as controlling powers at different points in time. In order to appropriately protect the various, and changing, stakeholders, the system of corporate governance has also developed over the years a process that continues to the present. In today's knowledge-based economy, with the rising importance of intangible assets, a new corporate management paradigm is needed. This book incorporates theoretical work as well as practical applications to analyse these developments and explore emerging trends of the 21st century. It examines how the pursuit of profit maximization has resulted in governance failures and it focuses on the prospective role of business ethics (once again in the spotlight following the credit crisis) in helping reform flawed governance structures. It argues that, in the long term, a system based on ethics can maximize social responsibility, customer satisfaction, human capital development and economic targets.

Corporate Governance and Capital Flows in a Global Economy

Corporate Governance and Capital Flows in a Global Economy PDF Author: Peter K. Cornelius
Publisher: Oxford University Press
ISBN: 9780195347586
Category : Business & Economics
Languages : en
Pages : 532

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Book Description
This volume is a timely and insightful exploration into the issues of corporate governance and the impact of corporate governance practices on investments in developing countries. Sponsored by the World Economic Forum, INSEAD, and Wharton, this book collects original essays from senior researchers at the worlds top academic institutions as well as from key policymakers and business leaders, It analyzes global aspects of governance in relation to such issues as corporate performance, privatization, venture capitalism, and workers. With global financial markets having become more integrated, the book pays particular attention to the role of corporate governance in emerging-market economies and international capital flows. Rich in facts and ideas, Corporate Governance and Capital Flows in a Global Economy is a must read for anyone interested in financial crises international risk management, and global competitiveness.

Knowledge and the Family Business

Knowledge and the Family Business PDF Author: Manlio Del Giudice
Publisher: Springer Science & Business Media
ISBN: 1441973532
Category : Business & Economics
Languages : en
Pages : 270

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Book Description
Family businesses—the predominant form of business organization around the world—can make numerous, critical contributions to the economy and family well-being in both financial and qualitative terms. But dysfunctional family businesses can be difficult to manage, painful experiences at best, and they can destroy family wealth and personal relationships. This book explores the dynamics of family business management, in the context of constantly changing market conditions and the role that knowledge management plays in strategic planning and adaptation. Integrating the literature from family business, entrepreneurship, industrial psychology, and knowledge management, and with illustrative examples from a variety of enterprises, the authors address such topics as: •How family businesses can compete in the new knowledge economy •How to manage a family business when knowledge is its main asset •How to transfer knowledge (and how to keep it alive) through family generations Within this framework, the authors argue that effective resource management—especially intangible resources—is central to enabling a family-run organization to maintain a sustainable competitive advantage over time. They note that families often develop systemic, intuitive, or tacit knowledge that transcends rational decision making and needs to be recognized and nurtured as a distinctive asset. The authors demonstrate that trans-generational value is achieved when the family firm innovates and adapts itself to changing external and internal conditions. This kind of entrepreneurial performance requires dynamic capabilities and processes designed to acquire, exchange, combine and even shed knowledge and practices; and, in turn, dynamic capabilities result from mechanisms of knowledge sharing, collective learning, experience accumulation, and transfer.

Corporate Governance in the US and Global Settings

Corporate Governance in the US and Global Settings PDF Author: Kose John
Publisher: Emerald Group Publishing
ISBN: 1784412910
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
Volume 17 of Advances in Financial Economics, entitled "Corporate Governance in the US and Global Settings" will provide further insights into corporate governance in the US & global economic and financial environment by publishing international, within-country and cross-country comparative studies.

Corporate Governance in the Knowledge Economy

Corporate Governance in the Knowledge Economy PDF Author: Paul David Richard Griffiths
Publisher: Springer Nature
ISBN: 3030788733
Category : Business & Economics
Languages : en
Pages : 262

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Book Description
With the transition into the Knowledge Economy, a formidable series of new challenges arise within the corporate governance space. This book tackles the issue of corporate governance along two axes. Firstly, it confronts the developments in corporate governance within the context of the Knowledge Economy and all its implications in relation to the pre-eminence of intangible assets, the advent of technologies such as smartphones and advanced forms of artificial intelligence, and cultural changes associated with the incorporation of Gen Y into the workforce and the proliferation of social networks and effects such as Big Data and cyber-threats. Secondly, it highlights the challenges for multinational organizations and the tension that exists between headquarters and subsidiary offices due to the need to combine the corporation’s ethical culture and corporate governance values with the institutional forces of the subsidiaries’ context. The combination of these two axes addressed viz a viz the relationship between senior management and the rank and file of the organization to create an ethical corporate culture leads to a completely different positioning of corporate governance and make the book truly unique and of interest to researchers, students of corporate finance and corporate governance alongside practitioners within financial organizations and more broadly.

Corporate Governance, Responsibility and Sustainability

Corporate Governance, Responsibility and Sustainability PDF Author: Arindam Banik
Publisher: Springer
ISBN: 1137361859
Category : Business & Economics
Languages : en
Pages : 187

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Book Description
Corporate Governance, Responsibility and Sustainability investigates various dimensions of corporate governance issues in key emerging economies such as China, India, Brazil, South Africa and Russia. The book explores a number of issues in the areas of corporate governance framework, market discipline and building an efficient, competitive market.

Technological Knowledge and Corporate Governance

Technological Knowledge and Corporate Governance PDF Author: Hae Won (Henny) Jung
Publisher:
ISBN:
Category :
Languages : en
Pages : 49

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Book Description
As is well-known, firms' innovative efforts can benefit from information about past implementations of similar technologies by other firms ("technological knowledge"). In this paper, we examine the effect of technological knowledge on agency problems. We present robust evidence that technological knowledge makes shareholder rights more valuable since it improves the ability of outsiders to effectively monitor managerial decisions. In addition, the announcement of stricter board independence standards due to the Sarbanes-Oxley Act of 2002 has a positive effect on the value of weakly governed firms only when these firms operate better-known technologies. Firms with better-known technologies are more likely to experience performance-induced monitoring interventions such as performance-based CEO turnover and proxy fights. Overall, our evidence suggests that, in a knowledge economy, strong governance is an ever more important source of shareholder value.