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The Role of Capital Markets in Stimulating the Fourth Industrial Revolution (Rola rynkow kapitalowych w stymulowaniu czwartej rewolucji przemyslowej)

Author

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  • Leslaw Pietrewicz

    (Instytut Nauk Ekonomicznych PAN)

Abstract

The world is on the brink of the fourth industrial revolution. The scope and depth of changes comprised by this revolution call for an analysis of its financing model, covering financing of both complex transformation of manufacturing processes in so-called smart factories and the development of technological innovations necessary to build and run such factories. The present article analyzes relative advantages of the banking sector and capital markets as sources of finance for the fourth industrial revolution. It is found that capital markets have a distinct advantage over the banking sector in this context; nevertheless, they will have to face significant challenges.

Suggested Citation

  • Leslaw Pietrewicz, 2018. "The Role of Capital Markets in Stimulating the Fourth Industrial Revolution (Rola rynkow kapitalowych w stymulowaniu czwartej rewolucji przemyslowej)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 16(72), pages 89-102.
    • Handle: RePEc:sgm:pzwzuw:v:16:i:72:y:2018:p:89-102
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    More about this item

    Keywords

    fourth industrial revolution; smart factories; capital market; innovation financing;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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