Financing Innovations of Small and Medium-Sized Enterprises in a Systemic Perspective

The financing of innovations is observed through a systemic perspective using the framework of national systems of innovation (NSI), corporate governance and the financial system. They are all together influenced by culture and social capital. After the literature on economics of innovation, theory of the firm and financial theory is reviewed the financing of innovations is conceptualised by putting the firm with its innovative performance in focus. The concept is then applied to the empirical qualitative and quantitative analysis that covers NSIs and cases of high-technology small and medium-sized enterprises in Hungary, Slovenia and Croatia.

Autorentext

Vladimir Cvijanovic works at the Faculty of Economics and Business, University of Zagreb. His research interests include institutional economics, economics of innovation, cognitive capitalism, and entrepreneurship.

Inhalt
Contents: High-tech small and medium-sized enterprises Innovation Innovation financing Corporate governance Financial systems National systems of innovation Competitiveness Entrepreneurship Hungary Slovenia Croatia Economics of innovation Theory of the firm Financial theory Culture Social capital Institutional economics Post-Keynesian theory.