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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Main Author: dr Lesław Pietrewicz
Format: Article
Language:English
Published: Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego 2018-02-01
Series:Problemy Zarządzania
Subjects:
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
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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
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