As European integration continues and capital markets become more integrated, many governments and policy makers have been exploring how they can increase the breath of their capital markets. Increasing emphasis has been placed in recent years to the approach that the financial system is an important mechanism directly linked to the performance of the real economy. This project adopts a methodology that combines the systemic approach to financial institutions and recent developments in the study of capital structure, investment decisions and technological change. This systemic perspective will enable us to conduct in depth analysis of the influence exerted by different financial systems on the performance of the corporate sector in Europe, and to identify the combination of financial institutions associated with the emergence and diffusion of technological change.
Funding SchemeCSC - Cost-sharing contracts
OX1 3LA Oxford