Finance and technological change: theory and evidence
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Basingstoke [u.a.]
Macmillan [u.a.]
1995
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| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 181 S. |
| ISBN: | 0333636546 0312128525 |
Staff View
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| adam_text | Contents
Acknowledgements x
PARTI THEORY
1 The Role of Finance in Technological Change 3
1.1 Finance and technological change: the neglected link 3
1.2 Technology and institutions in the evolutionary
approach 5
1.3 Models of the firm s financial structure 12
1.4 Towards a mixed approach 18
2 The Legacy of Schumpeter, and the Limits of the
Schumpeterian Approach in the Analysis of the
Financing of Innovation 20
2.1 Identifying the issues 20
2.2 Finance and technology in Schumpeter s early writings 21
2.3 Beyond Schumpeter: invention and the finance process 25
2.4 Summary 29
3 Technology and Finance in Economic Growth and
Structural Change 30
3.1 Why financial structure matters 30
3.2 Market based versus institution oriented finance
process 30
3.3 Technological and financial styles 33
3.4 Financial markets, technological innovation and
structural change 37
4 Asset Specificity, R D Financing and the Signalling
Properties of the Firm s Finance Structure 39
4.1 From Schumpeter to modern finance theory 39
4.2 Some stylised facts about R D financing in high tech
industries 41
4.3 A principal agent model of the finance structure of a
new technology based firm 46
4.4 A model of the optimal finance structure in the case
of an established high technology firm 53
4.5 Summary 58
vii
viii Contents
PARTH EVIDENCE
5 The Long Term Dynamics of Financial and
Technological Styles: How Close a Relationship? 61
5.1 Introduction 61
5.2 Patterns of technological and financial innovations 62
5.3 The interaction of financial and technological styles
in Kondratieff long waves: a historical analysis 79
5.4 Summary 98
6 The Structure of the Data Processing Industry in the
1980s and Early 1990s 99
6.1 Data processing devices as economically and
technologically strategic goods 99
6.2 The combined effects of demand pull and
technology push 101
6.3 Sales, quantities and technological change in the DP industry
during the 1980s 102
6.4 The geographical distribution of DP firms: USA,
Europe, Japan and the Pacific Rim 112
6.5 Summary 114
7 The Financing of Innovative Activities in the Data
Processing Industry 115
7.1 Credit creation and technological change 115
7.2 Venture capital in early stage financing of DP firms:
international comparisons 115
7.3 Successful and unsuccessful venture capital funded
start ups in the United States. Two literature based
case studies 127
7.4 Changing strategies: from the new technology based
firm to the established high technology firm 133
7.5 Takeovers, cooperation agreements and the patterns
of innovation in the DP industry 135
7.6 Summary 138
PART III THE ROLE OF GOVERNMENT
8 Public Policies towards the Financing of Innovative
Activities 141
8.1 Public policy and the development of new
technologies 141
Contents ix
8.2 International comparisons: USA, Europe and Japan 141
8.3 Some policy suggestions 147
9 Conclusions and Synthesis of the Main Results 151
Notes and References 155
Bibliography 165
Index 178
|
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| id | DE-604.BV010716167 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-09T17:57:43Z |
| institution | BVB |
| isbn | 0333636546 0312128525 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007155756 |
| oclc_num | 890143349 |
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| owner_facet | DE-473 DE-BY-UBG DE-19 DE-BY-UBM DE-12 DE-20 |
| physical | 181 S. |
| publishDate | 1995 |
| publishDateSearch | 1995 |
| publishDateSort | 1995 |
| publisher | Macmillan [u.a.] |
| record_format | marc |
| spelling | Santarelli, Enrico Verfasser aut Finance and technological change theory and evidence Enrico Santarelli 1. publ. Basingstoke [u.a.] Macmillan [u.a.] 1995 181 S. txt rdacontent n rdamedia nc rdacarrier Technischer Fortschritt (DE-588)4059252-2 gnd rswk-swf Finanzierung (DE-588)4017182-6 gnd rswk-swf Technischer Fortschritt (DE-588)4059252-2 s Finanzierung (DE-588)4017182-6 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007155756&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Santarelli, Enrico Finance and technological change theory and evidence Technischer Fortschritt (DE-588)4059252-2 gnd Finanzierung (DE-588)4017182-6 gnd |
| subject_GND | (DE-588)4059252-2 (DE-588)4017182-6 |
| title | Finance and technological change theory and evidence |
| title_auth | Finance and technological change theory and evidence |
| title_exact_search | Finance and technological change theory and evidence |
| title_full | Finance and technological change theory and evidence Enrico Santarelli |
| title_fullStr | Finance and technological change theory and evidence Enrico Santarelli |
| title_full_unstemmed | Finance and technological change theory and evidence Enrico Santarelli |
| title_short | Finance and technological change |
| title_sort | finance and technological change theory and evidence |
| title_sub | theory and evidence |
| topic | Technischer Fortschritt (DE-588)4059252-2 gnd Finanzierung (DE-588)4017182-6 gnd |
| topic_facet | Technischer Fortschritt Finanzierung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007155756&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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