Objective
'Corporate governance' is here understood as the system by which companies are controlled, directed and made accountable to shareholders and other stakeholders; 'control' is understood as including indirect influences of financial markets. This project will investigate the impact of corporate governance factors on the process of product innovation, and its outcomes, in established European companies.
Its objectives are:
- to explore what corporate governance regimes are highly conducive to successful product innovation in the specific circumstances of each firm, sector and country;
- to understand what legal and other measures at national and EU level are appropriate to encourage the development - or continuation - of such regimes, and which should be avoided and;
- to show company management, shareholders and other stakeholders what they can do to help develop a corporate governance regime suitable to their circumstances. The study will be comparative by country (Denmark, France, Germany, Italy, Sweden, the Netherlands and the UK) and by sector, and is based firmly on the past and present experience of the applicants. It is expected that it will be linked with parallel studies in Japan, Korea, the United States, Canada and Australia (countries all involved in a prior project).
It will proceed by:
- exploring, for a number of industries and firms in each participating country the various factors which make up the corporate governance regime, and the pressures which they put upon firms' top managers;
- assessing the performance in product innovation of the firms and industries selected in each participating country, in terms of all available performance data;
- investigating, through questionnaires and case studies, the effects of the corporate governance regime, and the pressures which it imposes, on the processes of product innovation - its conduct and the resources devoted to it. Information and communication technology, a sector of particular European weakness vis-a-vis the US and Japan, will be included.
The policy implications will extend to other countries besides those studied: all the 'excluded' EU countries (including Greece, Portugal and Spain) are sufficiently similar to at least one of the 'included' countries, in management culture, industrial structure, and legal system, for them to be relevant. Thus, the proposal addresses TSER research tasks I.I and I.2: national capabilities in S/T and innovation, and sectoral innovation systems and the shaping of technology. The aim of the study is to enable managers, institutional investors, and policymakers to take steps to improve national and European performance in product innovation in the high and medium technology industries, which are crucial to competitiveness now and in the future. Product innovation in these areas is, and will remain, the main net generator of employment and economic growth across the EU.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- social sciences sociology governance
- social sciences economics and business business and management employment
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
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Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Coordinator
S10 1FL Sheffield
United Kingdom
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.