Article

Finance of New industries

Brent Goldfarb, David Kirsch and April Shen

in The Oxford Handbook of Entrepreneurial Finance

Published in print March 2012 | ISBN: 9780195391244
Published online September 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780195391244.013.0002

Series: Oxford Handbooks

 Finance of New industries

More Like This

Show all results sharing these subjects:

  • Economics
  • Financial Markets
  • Industry Studies

GO

Show Summary Details

Preview

How are new industries financed? Specifically, for industries pioneered by entrepreneurial firms, where do entrepreneurs acquire the initial resources to start and grow their firms? This article reviews the literature on the role of finance in the emergence of new industries. It begins with a brief review of the central problems of finance of the high-risk, high-growth ventures that often play an important role during the emergence of new industries. It then presents several mini-case studies on new industries. It explores the ways that public markets and, more recently, venture capital limited partnerships have altered the industry emergence process, and thereby evaluates the literature's view of the role of these institutional arrangements.

Keywords: new industries; entrepreneurial firms; finance; high-growth ventures; public markets; venture capital

Article.  16075 words. 

Subjects: Economics ; Financial Markets ; Industry Studies

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.