Innovation and the Profitability Imperative: Consequences on the Formation of the Firm’s Knowledge Capital

Blandine Laperche
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Blandine Laperche: University of Littoral Côte d’Opale

Chapter 14 in Powerful Finance and Innovation Trends in a High-Risk Economy, 2008, pp 248-269 from Palgrave Macmillan

Abstract: Abstract In neoclassical economics, the firm is seen as a ‘black box’, i.e. an entity receiving flows of raw materials and turning out flows of processed or finished products. The purpose of such an entity is to maximize its profit, being limited only by its resources. However, since the 1960s, this restrictive vision of the firm’s goals has been largely questioned and has been commonly replaced by a more complex spectrum of objectives.

Keywords: Intellectual Property; Technical Progress; Trade Secret; TRIPs Agreement; Patent Holder (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1057/9780230584099_15

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