NDLI: The Study on the Technology Finance Policy for Technology Development on the Value Chain Based Innovation System

Content Provider	IEEE Xplore Digital Library
Author	Haeyoung Byun Jeong-dong Lee
Copyright Year	2007
Description	Author affiliation: Seoul Nat. Univ., Seoul (Haeyoung Byun; Jeong-dong Lee)
Abstract	The more information asymmetry is growing up, the more inefficiency of the financial allocation increases. This inefficiency becomes larger in the financial allocation of technology innovation because technology innovation has the characteristic of high risk and it makes the capital for technology riskier. The government intervention gets the justification in that it can correct this market failure and it enables the fast catching up, specially, in the developing country. The important point is that how the political intervention of government for the financial allocation is managed efficiently. Each country has used the various finance system to strengthen the national competitiveness and to promote the innovation activities. The government of Korea has supported the technology-based firm using the government policy funds. This study aims at the effect of several kinds of financing on the activities of technology-based firms and at the resolution for promoting the activities of these firms in technology financing policy. Further, econometric analysis based on the survey data in this paper will be able to help suggest to the role of the government system for financing of innovation firms.
Starting Page	113
Ending Page	118
File Size	2159736
Page Count	6
File Format	PDF
ISBN	9781890843151
DOI	10.1109/PICMET.2007.4349324
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2007-08-05
Publisher Place	USA
Access Restriction	Subscribed
Rights Holder	PICMET
Subject Keyword	Finance Technological innovation Government Couplings Financial management Research and development Econometrics Stress Data analysis Performance analysis
Content Type	Text
Resource Type	Article

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