Abstract
Products such as the i-pod, i-pad and i-tunes have revolutionized the way we look at technology. Largely, the origins of such innovative products have always been in the developed countries. India however is well known for providing low cost services especially in the areas of Information Technology and Business Process Outsourcing. Barring some innovations such as the Nano, introduced by Tata Motors, there are a few that really stand out. This study looks at the relationship among efforts in innovation, realized innovation and market value of firms. It empirically examines whether Corporate Governance (CG) mechanisms hamper or catalyze the critical stage of commercialization of innovations. Our message to principals is that they need to move beyond lip service and pay attention to the efficacy of processes within the ambit of the CG framework.
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