PL EN


2007 | 18 | 11-12 | 17-34
Article title

THE DEVELOPMENT OF POLAND'S FINANCIAL SYSTEM AND THE AVAILABILITY OF CAPITAL FOR INNOVATION

Authors
Selected contents from this journal
Title variants
Languages of publication
PL
Abstracts
EN
The study sets out to identify barriers to the financing of innovation resulting from the country's overall level of development and the structure of Poland's financial system. The authoress recommends action to remedy the system's inefficiency in the area of financing business innovations. The article describes the theoretical aspects of innovation financing and its characteristic features in Poland on the basis of an analysis of the size, structure and changes of the overall system. On the basis of her analysis, she concludes that financial barriers to the spread of innovation can only be eliminated by developing a market for 'instruments typical of a knowledge-based economy'. Domestic savings need to be mobilized for the development of innovative businesses with the involvement of the public sector. It is also necessary to create a system of tax incentives and specialized capital market institutions and some projects must be co-financed from public funds. Poland's financial system should evolve toward a model based on capital market institutions, with an increased share of private capital in the process of financing business innovation..
Year
Volume
18
Issue
Pages
17-34
Physical description
Document type
ARTICLE
Contributors
author
  • W. Pelka, ul. Ks. J. Popieluszki 8 m. 10, 01-551 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
08PLAAAA03477114
YADDA identifier
bwmeta1.element.8dcc1a9e-0e99-30fd-ac28-aa4a2c2ec659
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