This volume, originally published in 1995, examines the mechanisms by which businesses that have the capacity to grow - whether in terms of output, innovation or export - acquire the cash that enables growth. Addressing an issue of central importance to the competitiveness of firms and economies, this book draws together research by leading academics in the area. Throughout, research studies develop the themes of market failure, finance gaps and failure of demand. They also bring out the linkages between the financing choices facing the growing firm and the issues of organisation and of corporate governance that have to be address during the process of growth and maturity. Contributors challenge financial orthodoxy throughout, providing coherent analyses of the difficulties faced in the finance of the growing enterprise, from its early dependence on banks and informal finance to the pinnacle of a stock exchange listing.

This volume, originally published in 1995, examines the mechanisms by which businesses that have the capacity to grow - whether in terms of output, innovation or export - acquire the cash that enables growth. Addressing an issue of central importance to the competitiveness of firms and economies, this book draws together research by leading academics in the area. Throughout, research studies develop the themes of market failure, finance gaps and failure of demand. They also bring out the linkages between the financing choices facing the growing firm and the issues of organisation and of corporate governance that have to be address during the process of growth and maturity. Contributors challenge financial orthodoxy throughout, providing coherent analyses of the difficulties faced in the finance of the growing enterprise, from its early dependence on banks and informal finance to the pinnacle of a stock exchange listing.

With humor and insight, E. W. Davis tells the story that begins with the discovery of then-valueless taconite on Minnesota's Mesabi Iron Range in 1870 and several decades of attempts to process taconite commercially. Davis details the ups and downs of the exciting, decades-long research effort that resulted in a workable extraction method, followed by frustrating attempts to form the concentrate into small pellets. Finally, Davis describes building the first successful commercial processing plant at Silver Bay in the 1950s and the contributions by various companies to the birth of the industry. Along the way insider Davis recounts the founding of the three new northern Minnesota taconite towns, Babbitt, Silver Bay, and Hoyt Lakes.