The Financing and Governance of New Technologies
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 financin...
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| Format: | Book section |
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Routledge Curzon
2004
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| _version_ | 1797064309922070528 |
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| author | Mayer, C |
| author_facet | Mayer, C |
| author_sort | Mayer, C |
| collection | OXFORD |
| description | 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 not the most common. Regulation is a significant influence on institutional structure. For the most part, Europe has opted for high levels of investor protection and low levels of diversity, while the U.S. has placed more emphasis on entry and competition in the financial sector. |
| first_indexed | 2024-03-06T21:12:25Z |
| format | Book section |
| id | oxford-uuid:3ea2e792-f4b4-4247-bf1e-c4f226699458 |
| institution | University of Oxford |
| last_indexed | 2024-03-06T21:12:25Z |
| publishDate | 2004 |
| publisher | Routledge Curzon |
| record_format | dspace |
| spelling | oxford-uuid:3ea2e792-f4b4-4247-bf1e-c4f2266994582022-03-26T14:26:43ZThe Financing and Governance of New TechnologiesBook sectionhttp://purl.org/coar/resource_type/c_3248uuid:3ea2e792-f4b4-4247-bf1e-c4f226699458Saïd Business School - EurekaRoutledge Curzon2004Mayer, CThis 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 not the most common. Regulation is a significant influence on institutional structure. For the most part, Europe has opted for high levels of investor protection and low levels of diversity, while the U.S. has placed more emphasis on entry and competition in the financial sector. |
| spellingShingle | Mayer, C The Financing and Governance of New Technologies |
| title | The Financing and Governance of New Technologies |
| title_full | The Financing and Governance of New Technologies |
| title_fullStr | The Financing and Governance of New Technologies |
| title_full_unstemmed | The Financing and Governance of New Technologies |
| title_short | The Financing and Governance of New Technologies |
| title_sort | financing and governance of new technologies |
| work_keys_str_mv | AT mayerc thefinancingandgovernanceofnewtechnologies AT mayerc financingandgovernanceofnewtechnologies |