The Structure of the Data Processing Industry in the 1980s and Early 1990s

Enrico Santarelli

Chapter 6 in Finance and Technological Change, 1995, pp 99-114 from Palgrave Macmillan

Abstract: Abstract The aim of this chapter and of Chapter 7 is to provide empirical confirmation for some of the theoretical assumptions developed in Chapter 4 concerning the financing strategies of innovative firms belonging to high-tech industries. Unfortunately, lack of reliable data on firms’ financial structure does not allow for a rigorous econometric investigation. Thus, Chapter 6 first introduces the general features of the data processing (henceforth DP) industry, with especial reference to R&D spending and the role of R&D cooperation agreements. Chapter 7 presents some case studies of successful venture-capital-funded start-ups (NTBFs) in this industry and a simple regression analysis carried out on a sample of large corporations of the PEPF type in which the rates of growth of shareholders’ equity and of long-term debt are the explanatory variables, and the rate of growth of R&D expenditures is the dependent variable.

Keywords: Market Share; Technological Change; Venture Capital; Total Sale; Digital Equipment Corporation (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37503-1_6

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DOI: 10.1057/9780230375031_6

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