FINANCING INNOVATION IN ROMANIA
Journal Title: Challenges of the Knowledge Society - Year 2012, Vol 2, Issue 0
Abstract
This article based on an examination of empirical literature, analyses the financing of innovative enterprises in Romania and presents the characteristics of Romanian policies in this regard. It sets forth an estimation of the number of innovative enterprises in Romania based on figures from different sources. Assessing the role of financial restrictions on innovation reveals that a firm is facing obstacles to finance its innovative activities but also other difficulties to innovate which appears to be enhanced. This article also puts forward the role of different financing actors and instruments at different stages of the firm's life cycle and emphasizes the function of proximity capital in filling the gap between supply and demand of financing. Finally a framework for policy is recommended.
Authors and Affiliations
SORIN SERBAN
Keywords
Related Articles
- EP ID EP132826
- DOI -
- Views 97
- Downloads 0
STATE VERSUS STATE: WHO APPLIES BETTER EU LAW?
Each Member State is responsible for the implementation of EU Law within its own legal system. Non-compliance means failure by a Member State to fulfil its obligations under EU Law. An action for failure to fulfil obliga...
SOCIAL MEDIA – VITAL INSTRUMENT IN GAINING CONSUMERS CONFIDENCE
Given that, currently, the consumer has become more demanding and organizations face some of the greatest challenges due to the economic climate of recent years, the need to build and cultivate strong relationships has b...
CLASSIFICATION OF FUNDAMENTAL RIGHTS AND FREEDOMS – A DIACHRONIC APPROACH AND CURRENT TRENDS
What seems relevant to this study is the current trend of the classification of rights and fundamental freedoms according to the universal and indivisible values criterion, criterion established by the Charter of Fundame...
THEORETICAL AND PRACTICAL CONSIDERATIONS ON THE EXECUTION OF THE LEASING CONTRACT IN ROMANIA
Leasing contract: the present study was made with the scope to underline the ambiguity and the controversies between the national laws and the international norms which govern this type of contract, which is so widely us...
CONSUMER OPINIONS TOWARDS ONLINE MARKETING COMMUNICATION AND ADVERTISING ON SOCIAL NETWORKS
On the Internet, a medium that has already proven its effectiveness in marketing activities, changes take place with astonishing speed. The recent explosion of social networking applications and their number of users has...