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dc.contributor.authorFeng, H.
dc.contributor.authorFroud, J.
dc.contributor.authorJohal, S.
dc.contributor.authorHaslam, C.
dc.contributor.authorWilliams, K.
dc.identifier.citationFeng , H , Froud , J , Johal , S , Haslam , C & Williams , K 2001 , ' A new business model? The capital market and the new economy ' , Economy and Society , vol. 30 , no. 4 , pp. 467-503 .
dc.identifier.otherPURE: 81630
dc.identifier.otherPURE UUID: 2572158a-2101-4df6-a6c7-baf53548f25f
dc.identifier.otherdspace: 2299/5282
dc.identifier.otherScopus: 0035195181
dc.descriptionOriginal article can be found at : Copyright Informa / Taylor and Francis Group [Full text of this article is not available in the UHRA]
dc.description.abstractThis paper uses the concepts of business model and financial ecosystem to analyse the relation between the US capital market and corporate business. Under a capital market double standard, from 1995 to 2000, new companies with digital prospects could recover their costs from the capital market; but, after the tech stock crash in 2000, all companies were required to generate profits from the product market. This encourages a blurring of old and new firm identities, because sectoral power is increasingly necessary to secure cost recovery. But this does not imply any return to business as usual when the financial ecosystem for new technology survives the crash and large-scale venture capital investment continues. From this point of view,the new economy illustrated, concretely, the determining role of finance in the broader processes of financialization.en
dc.relation.ispartofEconomy and Society
dc.subjectNew economy
dc.subjectbusiness model
dc.subjectfinancial ecosystem
dc.subjectdigital technologies
dc.subjectcapital market
dc.titleA new business model? The capital market and the new economyen
dc.contributor.institutionHertfordshire Business School
dc.description.statusPeer reviewed
rioxxterms.typeJournal Article/Review

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