This book aims to disentangle the complex relationship between innovation and its potential determinants, paying special attention to the roles of governance and regulatory frameworks, and the ways in which the latter interact with other drivers of innovation such as competition and the innovator's closeness to the technology frontier. The contributors provide theoretically grounded and empirically-rich findings indicating that governance and regulation affect innovation directly and indirectly through interaction with other drivers of innovation. The direct effects are positive in the case of governance quality and prescriptive regulations that set standards for compliance. However, the direct effects of corporate governance are not uniform and depend on the corporate governance dimension under investigation. The authors demonstrate that the direct effects are only part of the story. Both governance and regulatory standards interact with the level of competition and the distance to the technology frontier that may have complementary or offsetting effects. Overall, the findings in the book indicate that the relationship between innovation and its potential determinants is more complex and hence calls for more nuanced policy design compared to what is assumed in policy statements by national and international policy actors. This thought-provoking book will provide a stimulating read for a wide-ranging audience, including scholars and researchers in the fields of economics, industrial organization, public policy and innovation studies.
Contents: Preface 1. Governance, Regulation and Innovation: New Perspectives and Evidence Mehmet Ugur PART I: GOVERNANCE AND INNOVATION 2. Governance, Market Power and Innovation: Evidence from OECD Countries Mehmet Ugur 3. Effects of Firm-level Corporate Governance and Country-level Economic Governance Institutions on R&D Curtailment During Crisis Times Peter-Jan Engelen and Marc van Essen 4. Corporate Governance and Innovation in US-listed Firms: The Mediating Effects of Market Concentration Nawar Hashem and Mehmet Ugur 5. Determinants of Policy Reforms in the Fields of R&D, Education and Innovation: EU-27 Evidence During the Lisbon Decade Andrea Conte PART II: REGULATION AND INNOVATION 6. The Impact of Environmental Regulation Frameworks and Firm-level Factors on Eco-innovations: Evidence from DEFRA Survey of UK Manufacturing Firms Pelin Demirel and Effie Kesidou 7. Regulation and ICT Capital Input: Empirical Evidence from 10 OECD Countries Simon Porcher 8. Does Regulation Affect Innovation and Technical Production Efficiency? Evidence from the Global Pharmaceutical Industry Eshref Trushin 9. Innovation and Regulatory Outcomes: Evidence from the Public - Private Contracts for Water Supply in France Freddy Huet and Simon Porcher PART III: GOVERNING INNOVATION 10. Role of Governance in National Innovation Systems: From Intellectual Property to Intellectual Capital G. Scott Erickson 11. Concluding Remarks on Governance, Regulation and Innovation Mehmet Ugur Index
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