scholarly journals The Role of Government Venture Capital Funds: Recent Lessons from the UK Experience

2019 ◽  
Author(s):  
Robyn Owen ◽  
David North ◽  
Ciarán Mac an Bhaird
Keyword(s):  
Venture Capital ◽  
Role Of Government ◽  
The Uk

scholarly journals Influence of immigration Policies on Supply of Ethnic Business Entrepreneurs in Canada

2021 ◽  
Author(s):  
Shuguang Wang ◽  
Rebecca Hii
Keyword(s):  
Immigration Policies ◽  
Role Of Government ◽  
Ethnic Business ◽  
Ethnic Entrepreneurs ◽  
The Uk ◽  
Ethnic Businesses ◽  
Group Characteristics ◽  
Business Sectors

Traditional theories deal with ethnic business mainly from the perspectives of structural opportunities and ethnic group characteristics. While they explain very well why some ethnic groups have higher rates of business formation and ownership than others, much less attention has been paid to the role of government policies in regulating the inflow of business immigrants and channelling ethnic entrepreneurs and related resources into different business sectors. Using Canada as a case study, this paper examines how changes in immigration policies have influenced business immigrant flows and ethnic business development (since most ethnic businesses are initiated and run by immigrants). This study found that the recent changes in Canada’s immigration programs have resulted in substantial decrease in the inflow of business immigrants, and may turn many resourceful business immigrants to the competing countries of the U.S., Australia and the UK, which all have more affordable and less restrictive investment requirements. The paper suggests that future studies of ethnic business should be expanded to include immigration policies as an explicit facilitating or restricting factor.

Toward a dynamic capability theory of economic growth

2019 ◽  
Vol 29 (4) ◽  
pp. 1047-1065 ◽  
Author(s):  
David Sainsbury
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Value Added ◽  
The United States ◽  
Dynamic Capability ◽  
Alexander Hamilton ◽  
Role Of Government ◽  
Windows Of Opportunity ◽  
The Uk

Abstract New theories of economic growth that are policy-relevant and connect with the histories of success and failure in economic development are urgently needed. This article compares the neoclassical (or market efficiency) school of thought with the production-capability school of thought which included Alexander Hamilton, Friedrich List, and Joseph Schumpeter. Many affirmative, industrial policy steps by governments to promote economic development have been historically recorded—including in the UK and the United States. Meanwhile the neoclassical school has ignored the role of government in helping to create competitive advantage. It has also chosen to ignore how firms are formed, how technologies are acquired, and how industries emerge. The dynamic capability theory of economic growth developed here assigns the central role in economic growth to firms but also an important role to governments. The rate at which a country’s economy grows depends critically on whether its firms can build the capabilities to generate and take advantage of “windows of opportunity” that exist for innovation and new markets, and whether over time they are able to enhance their capabilities to move into higher value-added activities.1

scholarly journals The role of government in corporate governance: Perspectives from the UK

2011 ◽  
Vol 9 (1) ◽  
pp. 283-293 ◽  
Author(s):  
Emmanuel Adegbite ◽  
Philip Shrives ◽  
Timothy Nichol
Keyword(s):  
Corporate Governance ◽  
Self Regulation ◽  
Governance System ◽  
Role Of Government ◽  
The Public ◽  
Corporate Scandals ◽  
Corporate Governance System ◽  
The Government ◽  
The Uk

Incessant corporate failures have led to increasing governmental participation in the governance of the modern corporation. In this conceptual paper, we examine and propose that the role of government in the UK corporate governance system is four fold, namely: to enhance competitive advantage; to compensate for the failure of self-regulation; to prevent corporate scandals and restore investors’ confidence; and owing to significant public pressures and associated political undertones, to suggest to the public the government is still an effective overseer in the existing prominence of self-regulation. We contribute to the literature on corporate governance, politics, policy making and regulatory institutions, whilst raising important issues that are of practice and policy relevance.

Public Policies and Public Programs With a Regional Impact in Promoting Entrepreneurship

2018 ◽  
pp. 128-158 ◽  
Author(s):  
Yannis Pierrakis
Keyword(s):  
Venture Capital ◽  
Public Policies ◽  
Innovation System ◽  
Regional Innovation ◽  
Public Programs ◽  
The Public ◽  
Regional Economic Policy ◽  
The Uk ◽  
Business Financing

This chapter adds to the growing literature from recent years on innovation finance, innovation systems, and regional economic policy. Although the role of business has been seen as critical within the regional innovation system, the role of business financing intermediaries has received considerably less attention despite their recognised role as a central actor of the system. This chapter focuses on an innovation player that seems to have been neglected by scholars to date, namely the venture capital industry. It examines the role of public policies in promoting entrepreneurship through the UK government backed venture capital schemes. It investigates whether and how the public interventions have changed the availability of venture capital at the UK regional level. It also elaborates on the potential implications of the public sectors's domination in venture capital provision in several UK regions.

scholarly journals Development of the Information Technology Sector in India: the Role of Government

2014 ◽  
pp. 126-132
Author(s):  
I. S. Ashmyanskaya
Keyword(s):  
Information Technology ◽  
Venture Capital ◽  
Capital Investment ◽  
Indian Government ◽  
Role Of Government ◽  
Software Technology ◽  
Technology Sector ◽  
Information Technology Sector ◽  
Technology Parks

In the article the author analyses the role of government in developing the information technology sector in India, specifically its influence on the three factors that determine the development of the information technology sector: human resources, launch capital and infrastructure. By developing these factors, the Indian government has succeeded in prompt formation and promotion of the information technology sector. The development of human capital is mainly realized by developing public education programs. The establishment of close ties with the Indian diaspora played a crucial role. The diaspora acted as a link for transmission to India of expertise, investment and knowledge. The availability of start-up capital, especially venture capital, is another essential component for the success of the national information technology sector. The conditions created by a government for the development of the institution of venture investment in the country will be of fundamental importance. Thanks to the measures taken by the government of India, venture capital investment has become the main form of financing for start-ups in the information technology sector in India. Developed infrastructure is also an important factor in the development of the information technology sector. In India, a developing country with a vast territory, there was a problem of infrastructure development, and software technology parks became a solution to this problem for companies in the information technology sector. Over the past 20 years, software technology parks in India has evolved so that industrial parks created almost 50% of the total exports of the IT sector in India. The demonstrated state policy can be characterized as the model of state technological entrepreneurship according to which the Indian government played the roles of regulator, producer and promoter in the information technology sector and continues to do so until the present day.

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