论“股东价值导向”与创新驱动

Translated title of the contribution: On "Shareholder Value Orientation" and Innovation Driven

陈 波

Research output: Contribution to journalArticle

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Abstract

The enterprise assumes the responsibilities of innovation driving. "Entrepreneur" is the subject of innovation. It is more meaningful to study the innovation dynamics from the scope of enterprise and "entrepreneur". This paper explores the dynamic effect of corporate governance on the enterprise innovation. This paper thinks, the "maximization of shareholder value" action logic rooted in the“shareholder value" and the concept and practice of "shareholder and unilateralism" corporate governance structure are more easily to promote the birth of opportunism logic. This will weaken the drive for innovation, damage the enterprise’s core competitive ability, and will also harm the foundation of long-term economic growth. "Shareholder value orientation" is based on he logical of "powerful capital". It once again shows the defects of mainstream economics enterprise paradigm, and also means the market failure in innovation driven. Governing by physical
capital owners and human capital owners is better for innovation. It is also important for government regulation.
Original languageChinese (Simplified)
Pages (from-to)138-149
Number of pages12
JournalJournal of Economics of Shanghai School
Volume12
Issue number2
Publication statusPublished - 2014
Externally publishedYes

Fingerprint

Value innovation
Shareholder value
Innovation
Value orientations
Logic
Entrepreneurs
Corporate governance
Owners
Shareholders
Responsibility
Opportunism
Damage
Government regulation
Human capital
Paradigm
Economic growth
Dynamic effects
Market failure
Governance structure
Defects

Keywords

  • Shareholder Value Orientation
  • Innovation Driven
  • Paradigm defects
  • Market Failure
  • Cogovernance
  • Government Regulation

Cite this

论“股东价值导向”与创新驱动. / 陈波.

In: Journal of Economics of Shanghai School, Vol. 12, No. 2 , 2014, p. 138-149.

Research output: Contribution to journalArticle

陈波. / 论“股东价值导向”与创新驱动. In: Journal of Economics of Shanghai School. 2014 ; Vol. 12, No. 2 . pp. 138-149.
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KW - 创新驱动

KW - 范式缺陷

KW - 市场失灵

KW - 共同治理

KW - 政府调节

M3 - 文章

VL - 12

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EP - 149

JO - Journal of Economics of Shanghai School

JF - Journal of Economics of Shanghai School

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