Investor Diversity of Opinion and Financing of New Technology Development

摘要：

It is the informational move that investors finance enterprises or projects. In the course of financing new technology development, investors have difference in priori probabilities, which will lead to the diversity of opinion among investors. The degree of the diversity has determined investors choose to take decentralized action or collective action. The difference of market finance and intermediated finance in reducing the cost of collecting and processing information determines that the difference of the performance in financing new technology development among different methods of financing.

关键词： Diversity of opinion New technology development Market finance Intermediated finance

作者: XIAO Huadong

作者单位: Business School, Jianghan University, Wuhan, P.R.China 430056

会议类型: 国际会议

会议名称: The 5th International Conference on Product Innovation Management(第五届产品创新管理国际会议 ICPIM 2010)

会议地点: 武汉

会议语种:英文

页码: 1145-1150

在线出版日期: 2010-07-10（万方平台首次上网日期，不代表论文的发表时间）