The Soft Budget Constraint and Internally Financed R&D Investment: the Difference of R&D Efficiencywithin China''s Industries
博士 === 國立中山大學 === 大陸研究所 === 95 === Abstract R&D investment differs from general investments due to more and greater uncertainties. Once the R&D technique is selected and the investment turns into sunk cost, a path dependence of the R&D investment will occur that locks in the involved pa...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | en_US |
| Published: |
2007
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| Online Access: | http://ndltd.ncl.edu.tw/handle/z92t94 |