Beyond market failures: the market creating and shaping roles of state investment banks

By Mariana Mazzucato, C. Penna. 2016

314 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/2ec4b1cccb5eea2160749c7d1eff369115ae0059

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Citations in the corpus

The multiple roles of state investment banks in low-carbon energy finance: An analysis of Australia, the UK and Germany (2018, background): “Mazzucato and Penna (2016) determined that SIBs ‘shape and create’ markets, rather than solely fix their failures and that KfW and BNDES2 play a ‘mission-oriented’ role, making key investments in new sectors to address ‘grand societal challenges’, such as climate change (Mazzucato and Penna, 2015).”
Low‐carbon transition risks for finance (2020, background): “…development banks seasoned in financing industrial policy that can strategically focus on structural change through their mandates and ability to function on lower operating margins than commercial lenders (Geddes, Schmidt, & Steffen, 2018; Griffith-Jones & Ocampo, 2018; Mazzucato & Penna, 2016).”
The de-financialization of housing: towards a research agenda (2020, background): “Likewise, Mazzucato and Penna (2016) have examined the potential contribution of state investment banks and other public banks to stabilizing the (capital-intensive) housing sector.”
Building a hidden investment state? The European Investment Bank, national development banks and European economic governance (2019, background): “…by the counter-cyclical function these banks traditionally fulfil (Griffith-Jones and Cozzi 2016; Griffith-Jones and Tyson 2013; Kollatz-Ahnen 2015; Mazzucato and Penna 2016).3 However, this functional explanation misses important points about the institutional evolution of European economic…”
Financing Renewable Energy: Who is Financing What and Why it Matters (2018, unknown): “…were public banks, providing patient finance for projects that aim to address “great challenges” such as climate change mitigation and adaption (Mazzucato and Penna, 2016; Schapiro, 2012) and promoting certain industries (Shimada, 2017; Griffith-Jones and Cozzi, 2016; Mazzucato, 2016b),…”
Green growth versus economic growth: Do sustainable technology transfer and innovations lead to an imperfect choice? (2021, background): “We thus find empirical evidence similar to that found by other authors (Geddes, Schmidt, & Steffen, 2018; Guo et al., 2020; Mazzucato & Penna, 2016).”
Mission-oriented innovation policies: challenges and opportunities (2018, unknown): “For example, SIBs have notably filled the vacuum left behind by private commercial banks since the financial crisis, more than trebling their investments in clean energy projects between 2007 and 2012 (Fried et al., 2012; Mazzucato and Penna, 2016b).”