The Impact of Financing Constraints and Agency Costs on Corporate R&D Investment: Evidence from China

This study investigates the association between financing constraints/agency problem (agency costs) and corporate R&D investment in China by using the two‐tier stochastic frontier model initially developed by Kumbhakar and Parmeter (2009) in light of the Euler equation analysis framework. The re...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	International review of finance 2017-03, Vol.17 (1), p.3-42
Hauptverfasser:	Lin, Z. Jun, Liu, Shengqiang, Sun, Fangcheng
Format:	Artikel
Sprache:	eng
Schlagworte:	Corporate finance Costs International R&D Research & development Stochastic models Studies
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!