EAN: 9783631613245

FINANCING INNOVATIONS OF SMALL AND MEDIUM-SIZED...

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.

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