Descrizione del progetto
Un’analisi comparativa approfondita delle banche d’investimento statali nell’UE
Le istituzioni di finanziamento allo sviluppo o le banche d’investimento statali hanno il compito di facilitare gli investimenti in settori economici strategici e di agevolare la crescita economica sostenibile. Le banche d’investimento statali sono un elemento attivo della governance finanziaria dell’innovazione e dello sviluppo. Possono fornire esigui finanziamenti a lungo termine a progetti su larga scala o a rischio. Il progetto DeFInE, finanziato dall’UE, fornirà un’analisi comparativa delle banche d’investimento statali, sviluppandone un quadro concettuale a livello europeo. In particolare, il progetto analizzerà le capacità strategiche direttamente legate al loro ruolo politico. Combinando una prospettiva di economia evolutiva, di economia dell’innovazione e di governance pubblica, il progetto analizzerà gli assetti istituzionali e le competenze interne delle banche d’investimento statali. I risultati faranno luce su ciò che fa sì che alcune banche d’investimento statali svolgano il ruolo di investitori strategici nel raggiungimento di una crescita guidata dall’innovazione.
Obiettivo
Development Finance Institutions in Europe (DeFInE) is a multidisciplinary research project that aims at developing an institutional conceptual framework for development finance institutions or state-investment banks (SIBs) in the European Union and analyzing their strategic competences that are directly linked to their policy roles. SIBs are increasingly recognized as strategic agents of change in providing scarce long-term resources to risky projects that commercial financial sector is either unable or unwilling to finance. Following an emerging discussion over ‘Entrepreneurial State’ and the need to make financing an integral part of innovation policies, SIBs should be considered as an active element of financial governance of innovation and development. Despite a large number of currently existing SIBs, their analysis has been mostly focused on policy objectives, financial instruments and corporate governance. However, not all SIBs have been successful in playing strategic policy roles. Reasons are complex: lack of strategic industrial policies, or changes in policy objectives, political interference, changes in sources of funds and corporate strategies, but also, and more importantly, lack or change of internal strategic competences. The project combines evolutionary economics perspective (dynamic capabilities), economics of innovation (financing of innovation) and public governance perspective (policy capacity, bureaucracy) in order to analyse institutional contexts and internal capacities of SIBs. In doing so, the aim of the project is to better understand what makes some SIBs strategic state-backed investors in financing innovation-led growth while others – less so. The context of multinational governance of the EU adds another unique dimension to the study. European Commission has already expressed the vision to more actively engage National Promotional Finance Institutions in Member States in the next budgetary period 2021-2027.
Campo scientifico
Parole chiave
Programma(i)
Argomento(i)
Meccanismo di finanziamento
MSCA-IF - Marie Skłodowska-Curie Individual Fellowships (IF)Coordinatore
WC1E 6BT London
Regno Unito