기업지배와 혁신에 관한 제도론적 고찰과 함의 = Corporate Governance and Innovation : Institutional Approach and Implications

다국어 초록 (Multilingual Abstract)

The purpose of this paper is to try to examine the relationship between corporate governance and innovation in terms of integrated theories of firm and comparative institutional theoretical context, and to suggest its policy implicaton in Korea. Theories of firm have shown that integrated theories of firm approach focuse on competence and governance(contract) dimension of the firm. A varieties of comparative capitalism researches have emphasized institutional complementarities among systems of corporate governance, labor market and industrial relations, education and training, financial system, and national innovation system, with the cores placed on corporate governance and innovation system because their areas concerned overlap each other. For more coherent systemic approach the two levels of micro and macro research could better be integrated. While dichotomy based on contrasting economic coordination methods such as market and non-market institution might cause excessive simplification a varieties of institutional complementaries connote diverse grey types of combinations. The difficulties lie in the fact that while competence approach including innovation is dynamic in nature governance approach implies static efficiency, making their integration uneasy. However, since institutional complementaries would gradually evolve as institution changes economic and firm strategies based on comparative institutional advantages could develop in consideration of dynamic efficiency. This framework implies that hybrid corporate governance systems in harmony with complementary innovation systems could be dynamically sought, with flexible infrastructures provided by government facilitating evolutionary systemic choice by firms. In Korea, traditional industries and new growth industries which require contrasting corporate governance and innovation structures and strategies need the development of volutionary hybrid systems in consideration of institutional complementaries and comparative institutional advantages.

목차 (Table of Contents)

• Ⅰ. 서언 Ⅱ. 거시적 기업지배시스템과 혁신시스템 Ⅲ. 미시적 기업지배구조와 혁신 Ⅳ. 기업지배와 혁신에 관한 통합적 틀과 함의 참고문헌