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Evidence on the "funding gap" for investment innovation is surveyed. The focus is on financial market reasons for … funds for financing such investments and they manage their cash flow to ensure this. Evidence shows that there are limits to …
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A discussion is given of the problems involved in the formal modeling of the innovation process. The link between … innovation and finance is stressed. The nature of how the circular flow of funds is broken and the role of finance in evaluation …
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This paper proposes a theory of experimental learning in early-stage ventures. I develop a stylized formal model to …
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