Extrait du texte
Texte intégral disponible via abonnement/accès payant sur le portail Cairn. Le texte intégral en libre accès sera disponible à cette adresse en janvier 2020.
Consulter cet article
1. The evolutionary properties of different financial systems
1.1. The evolutionary taxonomy of financial systems
1.2. Dynamic properties
2. An empirical overview on the relationship between financial conditions, and firm-level innovation and growth
2.1. The elusive proxies for financial development
2.2. Radical innovation across varieties of capitalism
2.3. The myopia and weakness of market selection
2.4. Patenting for finance
2.5. Finance might matter less for industrial dynamics than real factors, but…
3. Financialization in general, and the Maximising Shareholder Value (MSV) principle, in particular
3.1. Financialization patterns
3.2. The growing influence of the MSV principle
3.3. Short termism: what is the evidence?
3.4. Different archetypes do not match the historical evidence regarding investor protection
Conclusion: some assessments regarding the evolutionary properties of the current financial system
Aperçu du texte
Haut de page
Innovation is concerned with processes of learning and discovery involving new products, new production methods and new forms of economic organization. In turn, research efforts by business firms are shaped by the rates and criteria that financial markets and financial institutions use to allocate resources to enterprises. However, little is known about the specificities of the links between finance and the microeconomics of innovation. While the widespread belief is that innovation needs finance, its role varies widely according to the size and age of the innovative firm, as well as the sector and the stage within the industry’s life cycle.
While the great majority of studies have focused on the links between finance and growth from a very stylized macroeconomic perspective, relying on international comparisons with little attention to the institutional details (see for instance Levine, 2003), there is indeed older literature, which attempts to identify “ideal types” in ...
Pour citer cet article
Giovanni Dosi, Valérie Revest et Alessandro Sapio, « Financial regimes, financialization patterns and industrial performances: preliminary remarks », Revue d'économie industrielle, 154 | 2016, 63-96.
Giovanni Dosi, Valérie Revest et Alessandro Sapio, « Financial regimes, financialization patterns and industrial performances: preliminary remarks », Revue d'économie industrielle [En ligne], 154 | 2e trimestre 2016, mis en ligne le 15 juin 2018, consulté le 30 mars 2017. URL : http://rei.revues.org/6329 Haut de page