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TABLE OF CONTENTS Acknowledgements Foreword: William Janeway (Warburg Pincus) Introduction: The Organization and Finance of Innovation in American Economic History Naomi R. Lamoreaux (UCLA and NBER) and Kenneth L. Sokoloff (UCLA and NBER) 1. Financing Invention During the Second Industrial Revolution: Cleveland, Ohio, 1870-1920 Naomi R. Lamoreaux (UCLA and NBER), Margaret Levenstein (Michigan and NBER), and Kenneth L. Sokoloff (UCLA and NBER) 2. The Organizing and Financing of Innovative Companies in the Evolution of the U.S. Automobile Industry Steven Klepper (Carnegie Mellon and NBER) 3. Why Did Finance Capitalism and the Second Industrial Revolution Arise in the 1890s? Larry Neal (Illinois and NBER) and Lance E. Davis (Caltech and NBER) 4. Funding New Industries: A Historical Perspective on the Financing Role of the U.S. Stock Market in the Twentieth Century Mary O¿Sullivan (Wharton) 5. Stock Market Swings and the Value of Innovation, 1908-1929 Tom Nicholas (Harvard Business School) 6. Financing Fiber: Corning¿s Invasion of the Telecommunications Market Margaret Graham (McGill) 7. The Federal Role in Financing Major Innovations: Information Technology during the Postwar Period Kira R. Fabrizio (Emory University) and David C. Mowery (UC Berkeley) 8. Learning the Hard Way: IBM and the Sources of Innovation in Early Computing Steven Usselman (Georgia Institute of Technology) 9. Trading Knowledge: An Exploration of Patent Protection and Other Determinants of Market Transactions in Technology and R&D Ashish Arora (Carnegie Mellon and NBER,) Marco Ceccagnoli (Georgia Institute of Technology), and Wesley M. Cohen (Duke and NBER) 10. The Governance of New Firms: A Functional Perspective Joshua Lerner (Harvard and NBER) 11. Real Effects of Knowledge Capital on Going Public and Market Valuation Michael R. Darby (UCLA and NBER) and Lynne G. Zucker (UCLA and NBER) Afterword Naomi R. Lamoreaux (UCLA and NBER) and Kenneth L. Sokoloff (UCLA and NBER) Index
Library of Congress Subject Headings for this publication:
High technology industries -- United States -- Finance -- History.
Technological innovations -- United States -- Finance -- History.