IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Newservices in a new economy: the role of venture capital in a knowledge based society

Listed author(s):
  • Radu Musetescu


    (Academy of Economic Studies, Bucharest)

The present article argues that the development of a knowledge based society has a powerful impact in the role played by the financial sector in an economy as the services supplied by the traditional financial institutions - the commercial bank and the stock exchange - are seriously challenged by the present reality. In such a context, a new type of financial intermediary - the venture capital fund - knows an explosive growth, being directly linked to the proliferation of the new type of economic system. The development of the venture capital funds will not cause the disappearance of the traditional financing sources as this new financial actor „fills a gap“ in the financial system, which is developed in the present day form during the Industrial Age. The maturation of the venture capital industry is the financial equivalent of the proliferation of the knowledge based society.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Article provided by Academy of Economic Studies - Bucharest, Romania in its journal The AMFITEATRU ECONOMIC journal.

Volume (Year): 9 (2007)
Issue (Month): 22 (June)
Pages: 157-162

in new window

Handle: RePEc:aes:amfeco:v:9:y:2007:i:22:p:157-162
Contact details of provider: Postal:

Phone: 0040-01-2112650
Fax: 0040-01-3129549
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:aes:amfeco:v:9:y:2007:i:22:p:157-162. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Valentin Dumitru)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.