Corporate Governance in the Knowledge Economy: Lessons from Case Studies in the Finance Sector

The book explores the developments in corporate governance in the Knowledge Economy, focusing on the pre-eminence of intangible assets, technologies, and cultural changes. It also highlights the challenges for multinational organizations and the tension between headquarters and subsidiary offices. The combination of these two axes provides a unique perspective on corporate governance and is of interest to researchers, students, and practitioners.

Format: Hardback
Length: 251 pages
Publication date: 25 August 2021
Publisher: Springer Nature Switzerland AG

The shift towards the Knowledge Economy brings forth a multitude of complex challenges within the realm of corporate governance. This comprehensive book delves into these challenges, exploring them along two interconnected axes. Firstly, it examines the evolving landscape of corporate governance in the context of the Knowledge Economy, considering the profound implications of intangible assets, the emergence of cutting-edge technologies like smartphones and advanced artificial intelligence, and the cultural shifts brought about by the integration of Gen Y into the workforce and the proliferation of social networks, including the challenges posed by Big Data and cyber-threats. Secondly, the book sheds light on the unique challenges faced by multinational organizations and the delicate balance they must strike between maintaining their ethical culture and corporate governance values while adapting to the institutional dynamics of their subsidiaries. By comprehensively addressing these two axes, the book offers a fresh perspective on corporate governance, distinguishing it as a valuable resource for researchers, students of corporate finance and governance, as well as practitioners within financial organizations and beyond.

The transition into the Knowledge Economy presents a significant series of new challenges within the corporate governance space. This book addresses these challenges head-on, taking a multifaceted approach. Firstly, it delves into the developments in corporate governance within the context of the Knowledge Economy, examining the profound implications of intangible assets, the advent of cutting-edge technologies such as smartphones and advanced forms of artificial intelligence, and the cultural shifts associated with the integration of Gen Y into the workforce and the proliferation of social networks, including the challenges posed by Big Data and cyber-threats.

Secondly, the book highlights the unique challenges faced by multinational organizations and the tension that exists between headquarters and subsidiary offices due to the need to combine the corporations ethical culture and corporate governance values with the institutional forces of the subsidiaries context. This intricate interplay between senior management and the rank and file of the organization plays a pivotal role in creating an ethical corporate culture, leading to a distinct positioning of corporate governance that sets this book apart.

By comprehensively addressing these two axes, the book offers a fresh perspective on corporate governance, distinguishing it as a valuable resource for researchers, students of corporate finance and governance, as well as practitioners within financial organizations and beyond. The insights and perspectives provided in this book will contribute to shaping the future of corporate governance in the Knowledge Economy era.

Weight: 474g
Dimension: 158 x 219 x 23 (mm)
ISBN-13: 9783030788728
Edition number: 1st ed. 2021