Publication: Financing Innovation
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Date
2007-03
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2007-03
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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.
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“Yoo, JaeHoon. 2007. Financing Innovation. Viewpoint: Public Policy for the Private Sector; Note No. 315. © World Bank. http://hdl.handle.net/10986/11168 License: CC BY 3.0 IGO.”
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