Research at the Paul Woolley Centre aims at understanding the workings of capital markets and the social efficiency of allocations these markets achieve. The research departs from the Arrow-Debreu view of frictionless markets, and emphasises the role of financial intermediaries (e.g. investment...

Some of the topics: - The choice between alternative sources of financing for innovative firms and their impact on strategic decision in entrepreneurial firms; - The determinants of knowledge-based entrepreneurship; - Venture capital, its contribution to the knowledge-based economy; - Economics...