Diversity of Opinion and Financing of Innovative Industrial Clusters

Hua Dong Xiao

doi:10.4028/www.scientific.net/AMR.718-720.2528

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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 718-720Diversity of Opinion and Financing of Innovative...

Diversity of Opinion and Financing of Innovative Industrial Clusters

Abstract:

In the course of financing of innovative industrial clusters, it is the informational move that investors finance enterprises or projects. Investors have difference in priori probabilities, which will lead to the diversity of opinion among investors. The degree of the diversity has determined investors choose to take decentralized action or collective action. The difference of market finance and intermediated finance in reducing the cost of collecting and processing information determines that the difference of the performance in financing of innovative industrial clusters among different methods of financing.

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Periodical:

Advanced Materials Research (Volumes 718-720)

Pages:

2528-2532

DOI:

https://doi.org/10.4028/www.scientific.net/AMR.718-720.2528

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July 2013

Authors:

Hua Dong Xiao

Keywords:

Diversity of Opinion, Innovative Industrial Clusters, Intermediated Finance, Market Finance

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