The financing of innovative firms

Article, Preprint OPEN
Hall, Bronwyn H.;
  • Publisher: European Investment Bank (EIB) Luxembourg
  • Subject: Forschungskosten | Unternehmensfinanzierung | Forschungsfinanzierung | R&D; innovation; financing; liquidity constraints; venture capital | Moral Hazard | Asymmetrische Information | Forschungs- und Technologiepolitik
    • jel: jel:O38 | jel:G32 | jel:G24 | jel:O32
      ddc: ddc:330

To what extent are new and/or innovative firms fundamentally different from established firms, and therefore require a different form of financing? The theoretical background for this proposition is presented, and the empirical evidence on its importance is reviewed. Ow... View more
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