The evolution of business trajectories and innovation: knowledge capital and financial opportunities

Mutation des trajectoires des entreprises et innovation: capital savoir et opportunités financières

Blandine Laperche ()
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Blandine Laperche: LAB.RII - Laboratoire de Recherche sur l'Industrie et l'Innovation - ULCO - Université du Littoral Côte d'Opale - CNRS - Centre National de la Recherche Scientifique

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Abstract: According to the evolutionary approach, technological progress is not an exogenous phenomenon, but depends on a set of socio-economic and institutional conditions. Within the framework of technological paradigms, technological trajectories emerge, within which companies build their path. In this paper, we return to the paradigm and trajectory concepts and seek to identify the main factors in the evolution of firms. Dynamic capabilities, at the origin of new organizational routines, are at the heart of companies' strategies for mastering the direction of technical progress. The constant enrichment of knowledge capital, a set of information and knowledge produced, acquired and systematized by one or more firms with a view to production and, more broadly, the generation of value, is an illustration of this. However, the financialization of economies largely influences corporate governance and becomes a determining factor in the evolution of the trajectories of companies.

Keywords: Technological paradigm; Technological trajectory; Dynamic capacities; Knowledge capital; Finance; Paradigme technologique; Trajectoire technologique; Capacités dynamiques; Capital savoir (search for similar items in EconPapers)
Date: 2020-10-05
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Published in Marché et Organisations, 2020, 39 (3), pp.91-110. ⟨10.3917/maorg.039.0091⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04292630

DOI: 10.3917/maorg.039.0091

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