Valérie Revest and Alessandro Sapio

Author Archive | Valérie Revest and Alessandro Sapio

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The Creation Function of a Junior Listing Venue: An Empirical Test on the Alternative Investment Market

Stock markets perform a creation function if the inflow of financial capital in the birth of new privately-held firms is stimulated by the promise of stock market liquidity at a later point in time. Junior stock market segments, characterized by lighter listing procedures and costs, may be suited to perform a creation function, but their […]

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working_paper_2016_22_cover

Financial Regimes, Financialization Patterns and Industrial Performances: Preliminary Remarks

The evolutionary taxonomy of financial systems, outlined by Dosi (1990), argued that market-based systems would be comparatively more engaged in the exploration of new technological paradigms, as an outcome of market selective pressure, whereas the more institutionalized finance allocation in credit-based systems would give them an advantage in cumulative learning. This article offers a preliminary […]

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