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Introduction: Funding Gaps

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  • Robert Cressy

    (City University Business School)

Abstract

Theoretical and empirical foundations of government policies to plug alleged business funding gaps are highly controversial but rarely subject to wide-ranging in-depth debate. This symposium from major scholars in the field provides a counterbalance. Topics addressed cover the theory of lending under asymmetric information; its implications for over lending; relationship lending as a market solution to information asymmetries; government emulation of private sector decision-making to eliminate underprovision of high tech equity and theoretically-based empirical work testing for funding deficiencies in the high tech sector. Despite the very different and potentially contradictory contributions the result is, surprisingly, a set of mutually agreed policy conclusions. Copyright Royal Economic Society 2002

Suggested Citation

  • Robert Cressy, 2002. "Introduction: Funding Gaps," Economic Journal, Royal Economic Society, vol. 112(477), pages 1-16, February.
    • Handle: RePEc:ecj:econjl:v:112:y:2002:i:477:p:f1-f16
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    References listed on IDEAS

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