CORPORATE GOVERNANCE RELATIONSHIPS IN COMPLEX PRODUCT DEVELOPMENT: EVIDENCE FROM THE BUSINESS AVIATION INDUSTRY

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Abstract

Corporate Governance relationships have become more relevant to the changed nature of the firm, the role of human capital has become very important in managing the firm in those environments where the source of competitive advantage is strongly based on knowledge and intangible resources as in the case of complex product systems industries. The important role of this intangible asset in managing the complex environment has amplified the incompleteness of the agency theory, changing the nature of the Corporate Governance relationships and highlighting the role of the human capital. This paper attempts to describe, using Problem Solving Behaviour approach, how the Corporate Governance relationships work in high competitive and complex environments as in case of the business aviation industry.

Keywords: Corporate Governance, Aviation Industry, Product Development

How to cite this paper: Mustilli, M., Izzo, F. (2009). Corporate governance relationships in complex product development: evidence from the business aviation industry. Corporate Ownership & Control, 7(1), 63-72. https://doi.org/10.22495/cocv7i1p6