Innovation, competition and financialization in the communications technology industry: 1996-2016
Authors/Creators
- 1. Télécom Ecole de Management
- 2. University of Massachusetts Lowell
Description
The objective of this paper is to document the relative position of different firms in the
communications technology industry to take advantage of new opportunities and the potential
influence of financialization on their innovative strategy and performance. To do so, we compare the
performance of the leading sixteen firms in the industry over the past twenty years and provide
summaries of the impacts of stock buybacks—as the most evident manifestations of financialization—
on major firms in the global industry over the past two decades. This survey then positions us to focus
the key competitors in the communications technology industry today. More in-depth case-study
research on the tension between innovation and financialization is proposed as an ongoing research
agenda.