Abstract
Young plants and animals require specific environmental conditions or special forms of nourishment. It appears that young innovative firms are similar in having distinctive financing needs, which have to be covered by the right amount of the correct type of financial resources. Like infants, firms of this kind may have difficulty in communicating with their nurturers (problems of information asymmetry are particularly acute for this type of firm). To overcome these problems proportionally more attention has to be paid to sourcing the most suitable forms of finance.
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© 2008 Alessandro G. Grasso
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Grasso, A.G. (2008). The Intermediaries in the Risk Capital Industry. In: Gualandri, E., Venturelli, V. (eds) Bridging the Equity Gap for Innovative SMEs. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230227248_6
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DOI: https://doi.org/10.1057/9780230227248_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-30169-0
Online ISBN: 978-0-230-22724-8
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)