eCite Digital Repository

Exploring the link between corporate governance and innovative capacity in the Australian superannuation industry

Citation

Backhouse, K and Wickham, M, Exploring the link between corporate governance and innovative capacity in the Australian superannuation industry, Corporate Ownership & Control, 14, (4) Article 3. ISSN 1727-9232 (2017) [Refereed Article]


Preview
PDF
Available from 01 June 2018
813Kb
  

Copyright Statement

Copyright 2017 Virtus Interpress. Licensed under Creative Commons Attribution 4.0 International (CC BY 4.0) https://creativecommons.org/licenses/by/4.0/

DOI: doi:10.22495/cocv14i4art3

Abstract

In a large-scale single industry case study, insights are provided into corporate governance factors affecting innovative capacity in the superannuation industry in Australia. Analysis of the data indicated that the major corporate governance factors driving innovation in the industry included: ‘possessing a progressive organisational culture’, ‘emphasis on marketing-orientation’, and ‘engaging in co-opetition’. Similarly, the data indicated that the major corporate governance factors inhibiting innovation included: ‘possessing a conservative/risk-averse organisational culture’, ‘unwillingness to deviate from a strict interpretation of regulation’, ‘emphasis on a profit-orientation’, and ‘the absence of any formalised innovation processes within the firm’. These findings are used to develop a ‘theory of innovation’ link between corporate governance approaches and innovative capacity in the Australian superannuation industry. Although this study is limited in its scope, it does represent an initial exploration of the critical relationship that exists between Board-level functions and the ability of a superannuation firm to innovate in the Australian context.

Item Details

Item Type:Refereed Article
Keywords:Innovative Capacity, Corporate Governance, Pensions, Superannuation
Research Division:Commerce, Management, Tourism and Services
Research Group:Business and Management
Research Field:Corporate Governance and Stakeholder Engagement
Objective Division:Economic Framework
Objective Group:Management and Productivity
Objective Field:Management
Author:Backhouse, K (Dr Kim Backhouse)
Author:Wickham, M (Dr Mark Wickham)
ID Code:117392
Year Published:2017
Deposited By:Tasmanian School of Business and Economics
Deposited On:2017-06-12
Last Modified:2017-10-05
Downloads:0

Repository Staff Only: item control page