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Title:

Risk capital’s attitude to financing innovation

Title in english:

Kapitał ryzyka w finansowaniu innowacji

Creator:

Pohulak-Żołędowska, Elżbieta

Subject and Keywords:

innovation ; risk ; uncertainty ; venture capital ; innowacje ; ryzyko ; niepewność ; kapitał venture

Abstrakt:

In hereby article the author discusses the problem of financing innovation, especially the disruptive (or breakthrough) innovation. High uncertainty, capital intensity, but also high profit perspective make investing in innovations potentially attractive. There is a common perception that venture capital has become an intermediary in financial markets, providing capital to firms that might otherwise have difficulty attracting financing. As these firms are thought to be small, young and innovative, plagued by the “liability of newness”, venture capital is expected to fulfill an important role in the economy ‒ it is meant to be a tool of financing to novel and risky ventures and, hence, it is a drive of the technological and economic progress. The goal of the article is an attempt to answer the question if the venture capital is a risk loving or risk averse capital. Methods used are: critical analysis of literature and data analysis.

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2018

Resource Type:

artykuł

Resource Identifier:

DOI: 10.15611/pn.2018.529.21

Source:

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu = Research Papers of Wrocław University of Economics; 2018; Nr 529; s. 237-247

Language:

eng

Relation:

Ekonomia

License:

CC BY-NC-ND 3.0 PL

Location:

Uniwersytet Ekonomiczny we Wrocławiu