The Problem of Private Under-Investment in Innovation: A Policy Mind-Map
The Problem of Private Under-Investment in Innovation: A Policy Mind-Map
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DOI：
10.1016/j.technovation.2008.02.006
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发表时间：
2008-03
期刊：
影响因子：
--
通讯作者：
M. Peneder
中科院分区：
文献类型：
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作者：
M. Peneder
本文回顾了私人创新投资不足的主要金融相关原因，以及由此产生的公共政策替代选择。重点是（i）解决新知识可占用性有限问题的基于激励的论点，以及（ii）资本市场不完善导致无法获得外部资金来源。本文件沿着以下思路绘制了一幅政策思维图，旨在加强处于技术和公司融资十字路口的政策制定者的相互认识和协调：（一）原因和理由;（二）目的和目标;（三）关键制约因素;（四）创新政策的主要金融相关工具。
This paper reviews the major finance-related causes of private under-investment in innovation and the consequent alternative choices for public policy. The focus is on (i) incentive-based arguments that address the problem of limited appropriability of new knowledge, and (ii) the lacking access to external sources of finance caused by imperfections in the capital market. Drawing a policy mind map, which aims to enhance the mutual awareness and coordination of policy makers at the crossroads of technology and corporate finance, the paper is organised along the following chain of thought: (i) causes and rationales, (ii) aims and targets, (iii) critical constraints, and (iv) the main finance-related instruments of innovation policy.