Financial techniques, institutions and innovation

John Howells ()
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John Howells: Department of Organisation and Management, Aarhus School of Business, Postal: The Aarhus School of Business, Fuglesangs Allé 4, 8210 Aarhus V, Denmark, http://www.asb.dk/EOK/ORG/STAFF/JOH_FORM.HTM

No 2003-3, Working Papers from University of Aarhus, Aarhus School of Business, Department of Management

Abstract: This paper reviews the relationship between financial evaluation and control techniques and innovative activity in a range of contexts. The relationship is broadly conceived to include both the financial techniques developed and deployed within the firm and the evaluative behaviour of financial institutions external to the firm such as venture capital and industrial investment banking. With innovative and investment opportunities tending to vary over time within an industry, it becomes apparent that there can be no permanent solution to the common problem of how to trade off financial control for organisational stability against the need to trust devolved organisational forms in control of innovative development projects.

Keywords: Financial evaluation; Innovation (search for similar items in EconPapers)
Pages: 52 pages
Date: 2003-11-26
New Economics Papers: this item is included in nep-ent, nep-his, nep-mfd and nep-tid
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Persistent link: https://EconPapers.repec.org/RePEc:hhb:aardom:2003_003

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