Financing Europe's Fast Movers. Bruegel policy brief 2008/01, January 2008
(2008) Financing Europe's Fast Movers. Bruegel policy brief 2008/01, January 2008.
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Abstract
Summary. Arguments about structural policies in Europe, including the EU’s Lisbon strategy, put a legitimate emphasis on labour and product market reforms, but often overlook the role of the financial system in fostering innovation and growth. Corporate finance is crucial for the emergence of new companies, well beyond the much-analysed technology sector. In a knowledge economy where companies rely less on physical investment, traditional bank loans are insufficient. While Europe has a world-class financial system for established companies, new instruments tailored to the needs of emerging firms remain underdeveloped in most EU countries.
| Item Type: | Policy Paper |
|---|---|
| Public Domain: | No |
| Refereed: | No |
| Status: | Published |
| Authors, Individual: | Philippon, Thomas and Veron, Nicolas. |
| Title: | Financing Europe's Fast Movers. Bruegel policy brief 2008/01, January 2008 |
| Language: | English |
| Journals and Series: | Series > Bruegel (Brussels) > Policy Briefs |
| Pages: | 8 |
| Month: | January |
| Year: | 2008 |
| Subjects: | EU policies and themes > Policies & related activities > economic and financial affairs > business/private economic activity |
| Keywords: | Structural policy; corporate finance. |
| Alternative Locations: | http://aei.pitt.edu/secure/00008321/01/PB200801.pdf |
| ID Code: | 8321 |
| Deposited By: | Wilkin, Phil |
| Deposited On: | 05 June 2008 |
