Public promotion of new technology ventures: an agency perspective

Abstract: Understanding the proper role of government in the promotion of small technology-oriented firms is a priority given the potential benefits to society as a whole and the inability of traditional market mechanisms to adequately nurture such firms. Further, designing the appropriate public policies to sufficiently satisfy the involved stakeholders has typically proven to be an elusive pursuit. With these issues in mind, this paper applies the concept of agency theory to evaluate government programs seeking to promote technology start-ups. A new program associated with the Innovation Ontario Corporation, which utilizes equity joint ventures between government and small technology-oriented firms, is described and evaluated using the agency perspective. Suggestions are made for further inquiry and analysis. Sommaire: Il importe de cerner le rôle adéquat du gouvernement dans la promotion des petites entreprises technologiques, étant donné, d'une part, les avantages potentiels pour la société dans son ensemble, et d'autre part, l'incapacité des mécanismes classiques du marchéà favoriser comme il le faut l'évolution de ces entreprises. De plus, en régle générale, les efforts visant àélaborer des politiques publiques appropriées et satisfaisantes pour les intervenants en question se sont révélés aléatoires. Compte tenu de tout cela, le présent article applique la théorie des agences pour évaluer les programmes gouvemementaux qui visent à faciliter le démarrage d'entreprises technologiques. Nous décrivons et nous évaluons ici, dans la perspective des agences, un nouveau programme associéà la Société Innovation Ontario, qui fait appel aux co-entreprises avec participation au capital pour le gouvernement et les petites entreprises technologiques. Nous proposons aussi des suggestions pour des enquêtes et analyses plus poussées.     

Books in review

He has also served as research director of the Guggenheim Foundation from 1972–1984. Among his books are Men in Groups; The Imperial Animal(with Robin Fox); The Manufacture of Evil;and The Pursuit of Pleasure.     

INCREASING THE ECONOMIC WELL-BEING OF SEPARATED, DIVORCED, AND WIDOWED WOMEN OVER AGE THIRTY

Data from the Continuous Longitudinal Manpower Survey and the Current Population Survey were used to estimate the effects of CETA, a governmental jobs program, on the economic well-being of separated, divorced, and widowed women over age thirty. After training, CETA participants had increases in earnings and tended to have higher earnings than comparable CPS respondents. Participants in on-the-job training and public service employment had greater increases than participants in the other CETA programs. CETA enrollees with a high school degree had greater increases in earnings than those who had not completed high school, while whites had greater increases in earnings than non-whites.     

THE ANALYSIS OF DESIGN OR THE DESIGN OF ANALYSIS?

The policy sciences have advanced in the past by introspection, and there appears to be a need for a return to such self-conscious examination of the field of inquiry. A design orientation offers a useful framework for such an examination. It requires reconsideration of some of the fundamental premises of policy inquiry. This article explores what impact design might have on the conventional process framework and then proceeds to discuss the development of a design perspective.