The Role of Capital Markets in Stimulating the Fourth Industrial Revolution
The world is on the brink of the fourth industrial revolution. The scope and depth of changes comprised by this revolution call for an analysis of its financing model, covering financing of both complex transformation of manufacturing processes in so-called smart factories and the development of tec...
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Format: | Article |
Language: | English |
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Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
2018-02-01
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Series: | Problemy Zarządzania |
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Online Access: | http://pz.wz.uw.edu.pl/gicid/01.3001.0011.8274 |
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author | dr Lesław Pietrewicz |
author_facet | dr Lesław Pietrewicz |
author_sort | dr Lesław Pietrewicz |
collection | DOAJ |
description | The world is on the brink of the fourth industrial revolution. The scope and depth of changes comprised by this revolution call for an analysis of its financing model, covering financing of both complex transformation of manufacturing processes in so-called smart factories and the development of technological innovations necessary to build and run such factories. The present article analyzes relative advantages of the banking sector and capital markets as sources of finance for the fourth industrial revolution. It is found that capital markets have a distinct advantage over the banking sector in this context; nevertheless, they will have to face significant challenges.
JEL: G10, O12, O14, O16, O33 |
first_indexed | 2024-12-19T13:41:25Z |
format | Article |
id | doaj.art-afa0782c0c6346f08691909f09cfeec5 |
institution | Directory Open Access Journal |
issn | 1644-9584 |
language | English |
last_indexed | 2024-12-19T13:41:25Z |
publishDate | 2018-02-01 |
publisher | Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego |
record_format | Article |
series | Problemy Zarządzania |
spelling | doaj.art-afa0782c0c6346f08691909f09cfeec52022-12-21T20:19:00ZengWydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu WarszawskiegoProblemy Zarządzania1644-95842018-02-01161(72) Finanse i rachunkowość ...8910210.7172/1644-9584.72.501.3001.0011.8274The Role of Capital Markets in Stimulating the Fourth Industrial Revolutiondr Lesław Pietrewicz0Instytut Nauk Ekonomicznych PANThe world is on the brink of the fourth industrial revolution. The scope and depth of changes comprised by this revolution call for an analysis of its financing model, covering financing of both complex transformation of manufacturing processes in so-called smart factories and the development of technological innovations necessary to build and run such factories. The present article analyzes relative advantages of the banking sector and capital markets as sources of finance for the fourth industrial revolution. It is found that capital markets have a distinct advantage over the banking sector in this context; nevertheless, they will have to face significant challenges. JEL: G10, O12, O14, O16, O33http://pz.wz.uw.edu.pl/gicid/01.3001.0011.8274fourth industrial revolutionsmart factoriescapital marketinnovation financing |
spellingShingle | dr Lesław Pietrewicz The Role of Capital Markets in Stimulating the Fourth Industrial Revolution Problemy Zarządzania fourth industrial revolution smart factories capital market innovation financing |
title | The Role of Capital Markets in Stimulating the Fourth Industrial Revolution |
title_full | The Role of Capital Markets in Stimulating the Fourth Industrial Revolution |
title_fullStr | The Role of Capital Markets in Stimulating the Fourth Industrial Revolution |
title_full_unstemmed | The Role of Capital Markets in Stimulating the Fourth Industrial Revolution |
title_short | The Role of Capital Markets in Stimulating the Fourth Industrial Revolution |
title_sort | role of capital markets in stimulating the fourth industrial revolution |
topic | fourth industrial revolution smart factories capital market innovation financing |
url | http://pz.wz.uw.edu.pl/gicid/01.3001.0011.8274 |
work_keys_str_mv | AT drlesławpietrewicz theroleofcapitalmarketsinstimulatingthefourthindustrialrevolution AT drlesławpietrewicz roleofcapitalmarketsinstimulatingthefourthindustrialrevolution |