Cover; Title Page; Copyright Page; Dedication; Table of Contents; Notes on contributors; Acknowledgments; Introduction; PART I Intellectual property and innovation; 1 Orphan business models: toward a new form of intellectual property; 2 Law as product and byproduct; 3 The impact of the new world order on economic development: the role of the intellectual property rights system; PART II Venture capital; 4 Financing innovation: first round of financing by venture capital; 5 The political and legal determinants of venture capital investments around the world
6 The impact of venture capital on innovation behavior and firm growth7 Savings and innovation in the United States capital market: defined benefit plans and venture capital funds; 8 Capital gains and entrepreneurial entry; PART III Financial engineering in capital markets; 9 Tweaking governance for small companies after Dodd-Frank; Afterword: A Stunzian approach to scholarship; Index
Summary
Although much has been written about innovation in the past several years, not all parts of the innovation lifecycle have been given the same treatment. This volume focuses on the important first step of arranging financing for innovation before it is made, and explores the feedback effect that innovation can have on finance itself. The book brings together a diverse group of leading scholars in order to address the financing of innovation. The chapters address three key areas, intellectual property, venture capital, and financial engineering in the capital markets, in order to provi