Publication: Financing Innovation
Date
2007-03
ISSN
Published
2007-03
Author(s)
Yoo, JaeHoon
Abstract
More than 24 countries operate separate
boards and exchanges aimed at small and medium-size
enterprises (SMEs). Equity markets play a critical role in
fostering economic productivity by financing innovation. But
only a few SME exchanges function properly, providing
coveted fresh capital and liquidity. What steps are key to
building an efficient exchange to provide risk capital for
SMEs? Creating an SME-friendly market architecture supported
by effective institutions and forging links to policies that
foster a new class of investable equities.
Citation
“Yoo, JaeHoon. 2007. Financing Innovation. Viewpoint: Public Policy for the Private Sector; Note No. 315. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/f9a71f91-4c11-5f0f-9d8f-cdd19a746a56 License: CC BY 3.0 IGO.”
Report Series
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