Governance, Firms and Innovation


Project leaders: Jackie Krafft et Cécile Cézanne

The project is at the interface of research fields that build Gredeg's originality: the economics of science and innovation, corporate governance and finance, industrial organization and regional dynamics. The purpose of our research is to systematically identify the theoretical and empirical relationships that exist between these domains in the era of Industry 4.0.

In the field of economics of science and innovation, our work focuses on scientists' careers and productivity, collaborations and networks of researchers, the governance of research institutions (universities, research organisms, initiatives of excellence...), as well as entrepreneurial dynamics and incubation of academic start-ups. We also identify the characteristics of innovative firms both at the organizational level (human capital, skills, logistics) and technological level (eco-innovations, blockchains, big data, etc.). We investigate their impact in terms of performance (R&D and patents, survival, growth and size distribution of firms, geographical location, interfirm cooperation). Our aim is to question the major issues resulting from the ecological and digital transitions, studying the origins and consequences of the disruptive innovations that are behind.

In the field of corporate governance and finance, our work characterizes and measures the impact of the shareholder value model on the evolution of firms and industries. We explore the propensity of firms to innovate in that context, analysing how R&D expenditures and patent applications can be mitigated. We also consider that firms’ strategies of dividend distribution might be more predominant than productive investment ones. We focus on the detailed identification of these mechanisms at the firm level and analyse their impact, often leading to the definition of new modes of corporate governance. Our research also examines alternative funding modes, including crowdfunding, to support innovation strategies and policies that promote smart, inclusive and sustainable growth.

In the field of industrial organization and regional dynamics, our work focuses on the analysis of innovation at the level of cities and territories by considering the determinants of these innovations and their consequences in terms of urbanization, economic and regional development. Particular attention is paid to the analysis of intelligent territories, smart cities, and entrepreneurial ecosystems in the fields of energy, mobility, digital technology and health. As such, we contribute on how Industry 4.0 changes these modes of industrial and regional organization and potentially calls for the development of new theoretical and empirical models.


Project members

Permanent members: Francesco Appio (50%),  Cécile Cézanne, (50%), Jackie Krafft, Michele Pezzoni, Jacques-Laurent Ravix, Joël Thomas Ravix, Laurence Saglietto.

Doctoral and post-doctoral fellowsMarco Baudino, Camille Begon, Awatif Benkourrad, Martin Cimiterra, Alberto Corsini, Joyce Goes, Yassine Guerroud, Ismaël Konate, Souraya Ismail, Loïc Mondoloni, Paul Moura, Ibtissam Mozher.

Associate members: Petra Bleuel, Valeria Constantini, Francesco Quatraro, Alban Quillaud, Paolo Saviotti, Cheik A.L. Thiaw.

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