Newservices in a new economy: the role of venture capital in a knowledge based society

Radu Musetescu ()
Additional contact information
Radu Musetescu: Academy of Economic Studies, Bucharest
Authors registered in the RePEc Author Service: Radu Cristian Musetescu ()

The AMFITEATRU ECONOMIC journal, 2007, vol. 9, issue 22, 157-162

Abstract: The present article argues that the development of a knowledge based society has a powerful impact in the role played by the financial sector in an economy as the services supplied by the traditional financial institutions - the commercial bank and the stock exchange - are seriously challenged by the present reality. In such a context, a new type of financial intermediary - the venture capital fund - knows an explosive growth, being directly linked to the proliferation of the new type of economic system. The development of the venture capital funds will not cause the disappearance of the traditional financing sources as this new financial actor „fills a gap“ in the financial system, which is developed in the present day form during the Industrial Age. The maturation of the venture capital industry is the financial equivalent of the proliferation of the knowledge based society.

Keywords: eventure capital; innovation; knowledge; knowledge based; society (search for similar items in EconPapers)
JEL-codes: G20 (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.biblioteca.ase.ro/downres.php?raf=1029 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aes:amfeco:v:9:y:2007:i:22:p:157-162

Access Statistics for this article

More articles in The AMFITEATRU ECONOMIC journal from Academy of Economic Studies - Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Valentin Dumitru ().