Technological Progress and the Future of the Corporation

Assaf Hamdani, Niron Hashai, Eugene Kandel, Yishay Yafeh

Research output: Contribution to journalArticlepeer-review


Drastic and rapid technological changes, driven by the ability to process large data at unprecedented speed and the use of algorithms to make decisions, drastically change the way corporations do business. Disruptive innovation originates from outside of traditional industries, as data are accessible and distribution inexpensive. Giant online platforms gather vast amounts of data from users and control access to them. They invest massively in research, threatening more industries. These rapid changes challenge regulators, especially vis-à-vis technology giants. This chapter outlines the effects of technology on corporate governance, contracting, labour productivity, efficiency, and market transactions. It concludes that drastic changes in the corporate form are not likely, but that there is likely to be much change in how corporations are run
Original languageEnglish
Pages (from-to)214-245
JournalJournal of the British Academy
Issue numberSupplement1
StatePublished - 2018


  • Disruptive technologies,
  • online platforms,
  • corporate form,
  • corporate behaviour


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