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Specific Financial Constraints of Innovative Companies: Theoretical Approach
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作者 Younes Ettahri Abderrahim Laachach 《Journal of Modern Accounting and Auditing》 2016年第11期556-566,共11页
When a small and medium-sized enterprise (SME) decides to invest in an innovative project, it becomes attached to a high level of uncertainty (Hall & Lerner, 2009) and it could meet some financial constraints (K... When a small and medium-sized enterprise (SME) decides to invest in an innovative project, it becomes attached to a high level of uncertainty (Hall & Lerner, 2009) and it could meet some financial constraints (Kerr & Nanda, 2014). This work is trying to apprehend the specific financial problems which SMEs, working on innovative projects, might face in a context characterized by a lack of liquidity, and it aims to improve the understanding of previous theoretical and empirical studies that dealt with the subject of financing these innovative companies. Moreover, it appears that it is important to ask the following question: Are there specific financial constraints to innovative SMEs? In order to answer the preceding question, this paper presents firstly the concept of innovation within companies. Secondly, it describes the specificities bound to the diverse financing approaches: in terms of risk, uncertainty, asymmetric information and profitability of an innovative project, while developing a theoretical approach concerning the possible constraints of financing the innovative companies. 展开更多
关键词 FINANCING innovative company uncertainty CONSTRAINTS LITERATURE
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Evolutionary stable strategies for business innovation and knowledge transfer 被引量:3
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作者 Ela Ozkan-Canbolat Aydin Beraha 《International Journal of Innovation Studies》 2019年第3期55-70,共16页
Evolutionary game theory expands into a number of areas that go beyond the biological concept of evolution to include sociology,economics,and business management.Social networks determine definite interactions between... Evolutionary game theory expands into a number of areas that go beyond the biological concept of evolution to include sociology,economics,and business management.Social networks determine definite interactions between individuals in social settings.The common nature of these two broad areas of research generates interest in applying the approaches of evolutionary game theory to social network-based problems.Knowledge transfer that occurs in the process of social interaction improves a company's innovation capability.This paper attempts to explore ways in which networks relate to knowledge transfer on the basis of evolutionary game theory.We offer a simple mathematical model to examine the interaction of knowledge transfer and actor behavior in games of coordination. 展开更多
关键词 Evolutionary game theory Social networks Knowledge transfer company innovation capability
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THE HEALING TOUCH
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作者 Lu Yan 《Beijing Review》 2017年第18期16-17,共2页
Chinese medical companies share health benefits with the Belt and Road communityWang Zhao works in Beijing but her work helps people in faraway places.She develops intraocular lenses,to be implanted in the eyes of pat... Chinese medical companies share health benefits with the Belt and Road communityWang Zhao works in Beijing but her work helps people in faraway places.She develops intraocular lenses,to be implanted in the eyes of patients undergoing surgery for cataract or myopia,at EyebrightMedical Technology(Beijing)Co. 展开更多
关键词 intraocular cataract implanted companies innovative benefits prices Accu technological exchanges
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