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Entrepreneurship and Innovation in Listed Companies: What is the Role of Corporate Governance?

Author:  

Publisher: OECD Publishing

ISSN: 1608-0203

Source: SourceOECD Industry, Services & Trade, Vol.2012, Iss.11, 2012-08, pp. : 8-16

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Abstract

A fundamental policy objective of corporate governance is to stimulate entrepreneurship and innovation in corporations. This chapter considers the role of corporate governance rules and regulations in promoting the competitiveness and innovative capacity of listed companies. Based on a research that examines the correlation between corporate governance structures and innovation in listed companies, the chapter analyses the development of an innovative business ecosystem where companies make themselves adaptable to smart regulations. It pays particular attention to board structure and role in promoting entrepreneurship and innovation in listed companies.