The Markets for Innovation, Ownership and Control

Three themes are brought together in this volume, namely innovative activity, managerial performance in the organization of innovations, and markets for ownership and control. In consideration of these themes several specific questions are raised. For example, how are markets for ownership and control organized; how do they affect real economic development; how are incentives for managers and employers best organized for innovation; and what role is played by owners? In responding to these and other questions, dynamic market adjustment processes are stressed and particular attention is paid to the effectiveness of markets in supporting, filtering and diffusing innovative behavior.