1st Edition

Perspectives on Financing Innovation

Edited By James E. Daily, F Scott Kieff, Arthur E. Wilmarth Copyright 2014
    284 Pages
    by Routledge

    284 Pages
    by Routledge

    Although much has been written about innovation in the past several years, not all parts of the innovation lifecycle have been given the same treatment. This volume focuses on the important first step of arranging financing for innovation before it is made, and explores the feedback effect that innovation can have on finance itself.

    The book brings together a diverse group of leading scholars in order to address the financing of innovation. The chapters address three key areas, intellectual property, venture capital, and financial engineering in the capital markets, in order to provide fresh and insightful analyses of current and future economic developments in financing innovation. Chapters on intellectual property cover topics including innovation in law-making, orphan business models, and the use of intellectual property to protect financial engineering innovations and developing intellectual property regimes in Brazil, Russia, India, and China. The book also covers the tax treatment of venture capital founders, the treatment of preferred stock by the Delaware Courts, asset-backed lending hedge funds, and corporate governance for small businesses after the Dodd-Frank financial reform bill.

    The book will be of interest to scholars, practitioners, and students in law, innovation, finance, and business.

    Introduction, James E. Daily, F. Scott Kieff and Arthur E. Wilmarth Part 1: Intellectual Property and Innovation  1. Orphan Business Models: Toward a New Form of Intellectual Property, Michael Abramowicz  2. Law as a Byproduct, Larry Ribstein and Bruce Kobayashi  3. The Impact of the New World Order on Economic Development: The Role of Intellectual Property Rights System, Joseph Straus  Part 2: Venture Capital  4. First Round of Financing by Venture Capital, Yochanan Shachmurove  5. The Political and Legal Determinants of Venture Capital Investments Around the World, Stefano Bonini and Senem Alken  6. The Impact of Venture Capital on Innovation Behavior and Firm Growth, Michael Peneder  7. Savings and Innovation in the US Capital Market, Tamir Agmon, Shubhashis Gangopadhyay and Stefan Sjogren  8. Capital Cains and Entrepreneurial Entry, Victor Fleischer  Part 3: Financial Engineering in Capital Markets  9. Tweaking Governance for Small Companies after Dodd-Frank, James Cox   Afterword, Peter Conti-Brown

    Biography

    James E. Daily is a Post-doctoral Research Associate and Administrative Director at the Stanford University Hoover Institution Project on Commercializing Innovation, USA.

    Arthur E. Wilmarth, Jr. is Professor of Law at George Washington University Law School and the Executive Director for George Washington University’s C-LEAF.

    F. Scott Kieff is Fred C. Stevenson Research Professor of Law at George Washington University Law School, the Director of Planning and Publications for George Washington University’s C-LEAF and Ray and Louis Knowles Senior Fellow at the Stanford University Hoover Institution, where he is a co-director of the Project on Commercializing Innovation. F. Scott Kieff is on leave from his post as Fred C. Stevenson Research Professor at the George Washington University Law School in Washington, DC, having been nominated by President Barack H. Obama, and confirmed by the Senate, to serve as a Commissioner at the U.S. International Trade Commission.  Before taking up his government post on October 18, 2013, he was also Ray and Louise Knowles Senior Fellow at Stanford University’s Hoover Institution in Stanford, CA. He worked on this book while in his academic positions before being sworn in and taking his government post.