Aarhus University Seal / Aarhus Universitets segl

Financial Evaluation Techniques, Institutions and Innovation

Research output: Working paperResearch

  • Department of Management
  • Management of Innovation and Change
This paper reviews the relationship between financial evaluation and control techniques and innovative activity in a range of technological contexts. The relationship is broadly conceived to include both the financial techniques developed and deployed within the firm and theevaluative behaviour of financial institutions external to the firm such as venture capital and industrial investment banking. With innovative and investment opportunities tending to vary over time within an industry, it becomes apparent that there can be no permanent solution to the common problem of how to trade off financial control for organisational stability against the need to trust devolved organsiational forms in control of innovative development projects.
Original languageEnglish
Publication statusPublished - 2003

    Research areas

  • financial, evaluation, industrial, investment, banking, venture, capital, innovation, technological, HHÅ forskning

See relations at Aarhus University Citationformats

ID: 32304293