Investing in innovation: confronting predatory value extraction in the US corporation
Business corporations interact with household units and government agencies to make investments in productive capabilities required to generate innovative goods and services. When they work harmoniously, these three types of organizations constitute 'the investment triad'. The Biden admini...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, United Kingdom
Cambridge University Press
2023
|
| Schriftenreihe: | Cambridge elements. Elements in corporate governance
|
| Schlagworte: | |
| Online-Zugang: | BSB01 FWS01 FWS02 UBG01 UEI03 Volltext |
| Zusammenfassung: | Business corporations interact with household units and government agencies to make investments in productive capabilities required to generate innovative goods and services. When they work harmoniously, these three types of organizations constitute 'the investment triad'. The Biden administration's Build Back Better agenda to restore sustainable prosperity in the United States has focused on investment in productive capabilities by government agencies and household units. Largely absent from the Biden agenda have been policy initiatives to ensure that, given government and household investment in productive capabilities, the governance of major U.S. business corporations supports investment in innovation. This Element explains how corporate financialization, manifested by predatory value extraction in the name of 'maximizing shareholder value', undermines investment in innovation in the United States. It concludes by outlining a policy framework, beginning with a ban on stock buybacks, that confronts predatory value extraction and puts in place social institutions that support sustainable prosperity. |
| Beschreibung: | 1 Online-Ressource (89 Seiten) Diagramme |
| ISBN: | 9781009410700 |
| DOI: | 10.1017/9781009410700 |
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| discipline | Wirtschaftswissenschaften |
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| indexdate | 2024-08-01T11:04:48Z |
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| isbn | 9781009410700 |
| language | English |
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| spellingShingle | Lazonick, William Investing in innovation confronting predatory value extraction in the US corporation |
| title | Investing in innovation confronting predatory value extraction in the US corporation |
| title_auth | Investing in innovation confronting predatory value extraction in the US corporation |
| title_exact_search | Investing in innovation confronting predatory value extraction in the US corporation |
| title_exact_search_txtP | Investing in innovation confronting predatory value extraction in the US corporation |
| title_full | Investing in innovation confronting predatory value extraction in the US corporation William Lazonick, The Academic-Industry Research Network |
| title_fullStr | Investing in innovation confronting predatory value extraction in the US corporation William Lazonick, The Academic-Industry Research Network |
| title_full_unstemmed | Investing in innovation confronting predatory value extraction in the US corporation William Lazonick, The Academic-Industry Research Network |
| title_short | Investing in innovation |
| title_sort | investing in innovation confronting predatory value extraction in the us corporation |
| title_sub | confronting predatory value extraction in the US corporation |
| url | https://doi.org/10.1017/9781009410700 |
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