Finance, Corporate Governance and the New Techno-Economic Paradigm (notice n° 546748)
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| fixed length control field | 02912cam a2200217 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121114318.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Tylecote, Andrew |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Finance, Corporate Governance and the New Techno-Economic Paradigm |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2009.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 43 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | RésuméCe papier présuppose, avec Perez (1983, 2002), que le développement technologique suit un rhythme d’ondes longues, dans lequel les ‘paradigmes techno-économiques’ se succèdent à longs intervalles. Le plus récent est celui de l’informatique. Lorsque le nouveau paradigme apparaît, une tension se développe entre celui-ci et le cadre socio-institutionnel existant. Notre argument consiste à montrer que le système financier et de gouvernement d’entreprise (FCGS) constitue un élément clé de ce cadre, exceptionellement résistant au changement. Notre exemple principal est le FCGS britannique, un système ‘boursier’/‘outsider’, que l’on compare aux systèmes américains ‘insider’. Sur base d’une étude empirique menée en 1999-2000 et 2005, nous montrons que le Royaume Uni est toujours loin, dans la plupart de l’économie, de voir un nouveau rapprochement créatif entre capital financier et capital industriel qui puisse laisser émerger le potentiel du nouveau paradigme. Nous traçons ensuite un bref aperçu de la forme qu’un tel rapprochement pourrait prendre.Classification JEL – O16, O33, P16. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This paper assumes, with Perez (1983, 2002), that technological development follows a ‘long wave’ rhythm, in which new ‘techno-economic paradigms’ succeed one another at long intervals; the latest being the Information and Communication Technology (ICT) paradigm. When the new paradigm appears a tension develops between it and the existing socio-institutional framework. We argue that the financial and corporate governance system (FCGS), is a key element of that framework which is unusually resistant to change. The focus is on the UK FCGS, an outsider-dominated/stockexchange- based system, though with comparisons with the US and with ‘insider-dominated’ economies. Based on fieldwork conducted between 1999 and 2005, we find that Britain is still a long way from witnessing a new creative partnership of financial and industrial capital in most of the economy, needed to fully release the potential of the new paradigm. We discuss what form that might take.JEL Codes – O16, O33, P16. |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | financial and corporate governance system |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | techno-economic paradigm |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | outsider-dominated/stock-exchange based |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Ramirez, Paulina |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Recherches économiques de Louvain | 74 | 4 | 2009-01-05 | p. 583-613 | 0770-4518 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-recherches-economiques-de-louvain-2008-4-page-583?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-recherches-economiques-de-louvain-2008-4-page-583?lang=en&redirect-ssocas=7080</a> |
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