{"id":111488,"date":"2024-01-22T17:14:00","date_gmt":"2024-01-22T16:14:00","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/111488\/"},"modified":"2024-11-07T03:56:35","modified_gmt":"2024-11-07T02:56:35","slug":"the-problem-of-private-under-investment-in-innovation-a-policy-mind-map","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/111488\/","title":{"rendered":"The Problem of Private Under-investment in Innovation: A Policy Mind Map"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-111488","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This paper reviews the major finance-related causes of private under-investment in innovation and the consequent alternative choices for public policy. The focus is on incentive-based arguments that address the problem of limited appropriability of new knowledge, and on the lacking access to external sources of finance caused by imperfections in the capital market. Drawing a policy mind map, which aims to enhance the mutual awareness and coordination of policy makers at the crossroads of technology and corporate finance, the paper is organised along the following chain of thought: causes and rationales, aims and targets, critical constraints, and the main finance-related instruments of innovation policy.","onlinedate":"2008-03-07 01:00:00","lang":"English","publication_series":"","publication_date":"20080301","publication_date_year":"","publication_date_full":false,"publication_num_pages":"29","keywords":"[\"corporate finance\",\"fiscal incentives\",\"innovation policy\",\"technological change\",\"venture capital\"]","jelcodes":"[]","related_publications":"[]","pdf":329747,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"313","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[44410],"research_groups":[3491],"collaboration":"","persons":[3776],"persons_data":"[{\"personId\":3776,\"personName\":\"Michael Peneder\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Peneder, M.<\\\/span> (2008). <span>The Problem of Private Under-investment in Innovation: A Policy Mind Map<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (313). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/31463\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/31463<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Peneder M<\\\/span>. <span class=\\\"title\\\"><span>The Problem of Private Under-investment in Innovation: A Policy Mind Map<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2008 Mar;(313).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{e5ef214ab56849148f7a7e7b5f27253a,<\\\/div><div>  title    = \\\"The Problem of Private Under-investment in Innovation: A Policy Mind Map\\\",<\\\/div><div>  abstract = \\\"This paper reviews the major finance-related causes of private under-investment in innovation and the consequent alternative choices for public policy. The focus is on incentive-based arguments that address the problem of limited appropriability of new knowledge, and on the lacking access to external sources of finance caused by imperfections in the capital market. Drawing a policy mind map, which aims to enhance the mutual awareness and coordination of policy makers at the crossroads of technology and corporate finance, the paper is organised along the following chain of thought: causes and rationales, aims and targets, critical constraints, and the main finance-related instruments of innovation policy.\\\",<\\\/div><div>  keywords = \\\"corporate finance, fiscal incentives, innovation policy, technological change, venture capital, corporate finance, fiscal incentives, innovation policy, technological change, venture capital\\\",<\\\/div><div>  author   = \\\"Michael Peneder\\\",<\\\/div><div>  year     = \\\"2008\\\",<\\\/div><div>  month    = mar,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - The Problem of Private Under-investment in Innovation: A Policy Mind Map<\\\/p><p>AU  - Peneder, Michael<\\\/p><p>PY  - 2008\\\/3<\\\/p><p>Y1  - 2008\\\/3<\\\/p><p>N2  - This paper reviews the major finance-related causes of private under-investment in innovation and the consequent alternative choices for public policy. The focus is on incentive-based arguments that address the problem of limited appropriability of new knowledge, and on the lacking access to external sources of finance caused by imperfections in the capital market. Drawing a policy mind map, which aims to enhance the mutual awareness and coordination of policy makers at the crossroads of technology and corporate finance, the paper is organised along the following chain of thought: causes and rationales, aims and targets, critical constraints, and the main finance-related instruments of innovation policy.<\\\/p><p>AB  - This paper reviews the major finance-related causes of private under-investment in innovation and the consequent alternative choices for public policy. The focus is on incentive-based arguments that address the problem of limited appropriability of new knowledge, and on the lacking access to external sources of finance caused by imperfections in the capital market. 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