Template-Type: ReDIF-Article 1.0 Author-Name: Andrey A. Romanov Author-Email: andrew.a.romanov@gmail.com Author-Workplace-Name: The State University of the Ministry of Finance of the Russia, Moscow, Russia Title: Market Model of Innovation Financing: Descriptive Analysis Abstract: Stock exchange-based innovation financing model is referred to as the market model. Using the US and some other countries as an example the article analyzes its strong and weak points, reviews venture capital as the basis of financing of the innovations. The emphasis is on the factors promoting efficient functioning of this model. Classification-JEL: O32, O38 Keywords: innovations, market model of financing, stock exchange, liquidity Journal: Finansovyj žhurnal — Financial Journal Pages: 79-86 Issue: 1 Year: 2012 Month: January File-URL: http://www.nifi.ru/images/FILES/Journal/Archive/2012/1/statii/2012_01_08.pdf Handle: RePEc:fru:finjrn:120108:p:79-86