The financing of innovations is observed through a systemic perspective using the framework of national systems of innovation (NSI), corporate governance and the financial system. They are all together influenced by culture and social capital. After the literature on economics of innovation, theory of the firm and financial theory is reviewed the financing of innovations is conceptualised by putting the firm with its innovative performance in focus. The concept is then applied to the empirical qualitative and quantitative analysis that covers NSIs and cases of high-technology small and medium-sized enterprises in Hungary, Slovenia and Croatia.
Theoretical Foundations and Cases of Hungary, Slovenia and Croatia
Dubravko Radošević and Vladimir Cvijanović
The book discusses various cases of financialisation and financial crisis in South-Eastern Europe. While these can be directly traced to the region’s reliance upon the global financial regime, the interplay of international financial institutions, the eurozone’s rigidity and domestic policies have produced various outcomes in the countries of the region. The study presents quantitative and qualitative research and offers new insights into the processes that shape the financial and monetary systems. The ex post analysis of how financial instability was created and how it could have been prevented, hopes to provide insights for policy-makers today.
Edited by Sinisa Kusic, Vladimir Cvijanovic and Slavko Kulic
In englischer und deutscher Sprache behandelt die Reihe Sozio-ökonomische Perspektiven in Südosteuropa / Socio-Economic Perspectives in South-Eastern Europe aktuelle Themen wie den Annäherungsprozess Kroatiens an die EU, sowie Reflektionen zu Wirtschaftsformen wie dem kognitiven Kapitalismus in weiteren südosteuropäischen Staaten wie Ungarn und Slowenien.
Vladimir Cvijanovic, Andrea Fumagalli and Carlo Vercellone
Cognitive capitalism is considered to be a new stage in the historical evolution of capitalism which is undergoing a metamorphosis affecting most of the laws and tendencies characteristic of industrial capitalism. This raises a series of issues tackled in the theoretical part, especially regarding the increased importance of cognitive work and the new composition of the labour market that influence the determinants of the value of goods, the structure of welfare, and the forms of income distribution. A historical analysis is applied to describe the evolution of cognitive capitalism and its endogenous, potentially destabilising, dynamics. The empirical part analyses the diffusion of cognitive capitalism in the former socialist countries of South-Eastern Europe and elsewhere.