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The Financing and Governance of New Technologies

Abstract:

This paper examines the financial sector preconditions for the successful development of high technology sectors. It argues that there is a close relation between types of activities undertaken in different countries and their institutional structures. A distinguishing characteristic of the financing of new technology firms is their evolving pattern of control by different investor groups. While stock markets are an important component of the development of the most successful firms, they are...

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Colin Mayer More by this author
Publication date:
2004
URN:
uuid:3ea2e792-f4b4-4247-bf1e-c4f226699458
Local pid:
oai:eureka.sbs.ox.ac.uk:582

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