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.     

A POLICY OF OUR OWN: LOCAL FEMINIST NETWORKS AND SOCIAL SERVICES FOR WOMEN AND CHILDREN

This article examines the ways in which a feminist family policy agenda has led to significant political action and change within American cities. Feminist groups, during the past fifteen years, became a part of emerging local women's rights policy networks that effected changes in several services for women and children: libraries (programming for women and non-sexist children's literature acquisitions policies); public education (gender equit under Title IX); social welfare (child care and displaced homemaker services); and criminal justice and health (the treatment of the victims of rape and domestic violence). This policy success stems not only from the workings of traditional interest group politics and policy networks but also from the astute use of political symbols, bureaucratic norms, and the federal system.     

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.