H2020Индивидуална стипендия2020–2022

DeFInE · Defining strategic financial governance of innovation: institutional context(s) and strategic capabilities of State-Investment Banks in the EU.

„Хоризонт 2020“ — Действия „Мария Склодовска-Кюри“

Период: 2020-10-01 → 2022-09-30
Финансиране от ЕС: 212 934 €
Участници: 1
Схема: MSCA-IF

Линиите свързват координатора с партньорите.

Накратко на български

Държавните инвестиционни банки в ЕС и тяхното управление се анализират чрез примери с климатични инвестиции. Това помага да се разбере как министерствата и централните банки координират разходите за зелен преход и нетни нулеви емисии.

Този кратък обзор е генериран от изкуствен интелект

Кратко обяснение, генерирано от езиков модел по текста на CORDIS. Оригиналът е по-долу.

Резултати накратко

Defining strategic financial governance of innovation: institutional context(s) and strategic capabilities of State-Investment Banks in the EU.

This MSCA titled ‘Defining strategic financial governance of innovation: institutional context(s) and strategic capabilities of state-investment banks in the EU’ aimed at the following two objectives: 1) developing a more nuanced understanding of state investment banks as specialised financial institutions; and 2) supporting the researcher in developing more policy-oriented research competences and communication skills. The project achieved both aims, despite substantial disruptions caused by the COVID-19 pandemic. The extraordinary circumstances of the pandemic and particularly public investment policies implemented during and immediately after the COVID-19 pandemic provided a set of unique opportunities in terms of studying public investments as well as contributing to policy discussions through policy-oriented publications and events (such as policy-focused discussion panels). Namely, unprecedented public spending programmes that took place worldwide and the implementation of post-COVID recovery plans (e.g. Recovery and Resilience Facility in the EU) provided a unique opportunity to develop an additional focus on green and net-zero investment policies. In addition, the empirical framework of the project was expanded towards looking at how climate-related investments are coordinated between key public financial institutions: Finance Ministries, Central Banks and state investment banks. This broader but relatively niche focus on public investments and their coordination at the institutional/governance level is reflected in the academic publications that resulted from the project.

Текст от CORDIS, на английски · Данни: CORDIS, © Европейски съюз

Цел на проекта

Development Finance Institutions in Europe (DeFInE) is a multidisciplinary research project that aims at developing an institutional conceptual framework for development finance institutions or state-investment banks (SIBs) in the European Union and analyzing their strategic competences that are directly linked to their policy roles. SIBs are increasingly recognized as strategic agents of change in providing scarce long-term resources to risky projects that commercial financial sector is either unable or unwilling to finance. Following an emerging discussion over ‘Entrepreneurial State’ and the need to make financing an integral part of innovation policies, SIBs should be considered as an active element of financial governance of innovation and development. Despite a large number of currently existing SIBs, their analysis has been mostly focused on policy objectives, financial instruments and corporate governance. However, not all SIBs have been successful in playing strategic policy roles. Reasons are complex: lack of strategic industrial policies, or changes in policy objectives, political interference, changes in sources of funds and corporate strategies, but also, and more importantly, lack or change of internal strategic competences. The project combines evolutionary economics perspective (dynamic capabilities), economics of innovation (financing of innovation) and public governance perspective (policy capacity, bureaucracy) in order to analyse institutional contexts and internal capacities of SIBs. In doing so, the aim of the project is to better understand what makes some SIBs strategic state-backed investors in financing innovation-led growth while others – less so. The context of multinational governance of the EU adds another unique dimension to the study. European Commission has already expressed the vision to more actively engage National Promotional Finance Institutions in Member States in the next budgetary period 2021-2027.

Оригинален текст от CORDIS (на английски).

Участници

UNIVERSITY COLLEGE LONDON · LondonКоординаторОбединеното кралство