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Financing Innovation

More than 24 countries operate separate boards and exchanges aimed at small and medium-size enterprises (SMEs). Equity markets play a critical role in fostering economic productivity by financing innovation. But only a few SME exchanges function pr...

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Bibliographic Details
Main Author: Yoo, JaeHoon
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
AFFILIATED ORGANIZATIONS
CAPITAL MARKET
COMPANY
CORPORATE GOVERNANCE
DISCLOSURE
ECONOMIC GROWTH
EMPLOYMENT
ENTREPRENEURS
ENTREPRENEURSHIP
EQUITY MARKETS
FINANCIAL CONTRACTS
FIXED CAPITAL
GROSS FIXED CAPITAL FORMATION
INSTITUTIONAL INVESTMENT
INSTITUTIONAL INVESTORS
INSURANCE
INVESTMENT AMOUNT
INVESTMENT BANKS
INVESTMENT MARKET
INVESTOR CONFIDENCE
LIQUIDITY
MARKET DEVELOPMENT
MARKET SEGMENT
MEDIUM ENTERPRISES
NASDAQ
OFFERINGS
OTC
PORTFOLIO
PRIVATE EQUITY
PUBLIC FUNDS
PUBLIC POLICY INNOVATIONS
RETAIL
RISK CAPITAL
SALES
SECURITIES
SHAREHOLDERS
SMALL FIRMS
SME
STOCK EXCHANGES
TAX INCENTIVES
TOTAL MARKET CAPITALIZATION
TRANSPARENCY
TURNOVER
VENTURE CAPITAL
Online Access:http://documents.worldbank.org/curated/en/2007/03/7547267/financing-innovation
http://hdl.handle.net/10986/11168
Description
Summary:More than 24 countries operate separate boards and exchanges aimed at small and medium-size enterprises (SMEs). Equity markets play a critical role in fostering economic productivity by financing innovation. But only a few SME exchanges function properly, providing coveted fresh capital and liquidity. What steps are key to building an efficient exchange to provide risk capital for SMEs? Creating an SME-friendly market architecture supported by effective institutions and forging links to policies that foster a new class of investable equities.

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