This paper addresses the relationship between technological innovation and finance. The financial market must be regarded as one of the fundamental prerequisites of innovation, inasmuch as it is here that decisions are made on capital allocation to enterprises. However, less has been written on...

This paper is about an industrial sector which, according to the usual socio-scientific indicators, is referred to as “low-tech”, respectively as non-research intensive and which mostly comprises “traditional” industries. The interest in this sector is motivated by the contradictory...