HOW FUNDING STRUCTURE AFFECTS EFFICIENCY OF R&D INVESTMENT BY LARGE- AND MEDIUM-SIZED INDUSTRIAL FIRMS IN CHINA? EVIDENCE FROM PROVINCE-LEVEL PANEL DATA
© 2017 World Scientific Publishing Company This study explores the efficiencies of firm’s R & D investment depending on the degree of reliance on government funding relative to firms’ private funding. Stochastic frontier analysis is applied on a sample of 30 provinces with data on R & D inpu...
| Main Authors: | , , |
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| Format: | Journal Article |
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World Scientific Publishing
2017
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| Online Access: | http://hdl.handle.net/20.500.11937/63219 |
| _version_ | 1848761026528411648 |
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| author | Zhou, Yixiao ZHANG, R. SONG, L. |
| author_facet | Zhou, Yixiao ZHANG, R. SONG, L. |
| author_sort | Zhou, Yixiao |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | © 2017 World Scientific Publishing Company This study explores the efficiencies of firm’s R & D investment depending on the degree of reliance on government funding relative to firms’ private funding. Stochastic frontier analysis is applied on a sample of 30 provinces with data on R & D inputs and innovation outputs by all large- and medium-sized industrial firms in these provinces from 2000 to 2013. It is found that R & D investment financed by firms’ private funding is more efficient than that by government funding in generating new products, whereas R & D investment financed by government funding is more efficient than that by firms’ private funding in producing new patents. |
| first_indexed | 2025-11-14T10:25:08Z |
| format | Journal Article |
| id | curtin-20.500.11937-63219 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T10:25:08Z |
| publishDate | 2017 |
| publisher | World Scientific Publishing |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-632192018-02-06T06:23:51Z HOW FUNDING STRUCTURE AFFECTS EFFICIENCY OF R&D INVESTMENT BY LARGE- AND MEDIUM-SIZED INDUSTRIAL FIRMS IN CHINA? EVIDENCE FROM PROVINCE-LEVEL PANEL DATA Zhou, Yixiao ZHANG, R. SONG, L. © 2017 World Scientific Publishing Company This study explores the efficiencies of firm’s R & D investment depending on the degree of reliance on government funding relative to firms’ private funding. Stochastic frontier analysis is applied on a sample of 30 provinces with data on R & D inputs and innovation outputs by all large- and medium-sized industrial firms in these provinces from 2000 to 2013. It is found that R & D investment financed by firms’ private funding is more efficient than that by government funding in generating new products, whereas R & D investment financed by government funding is more efficient than that by firms’ private funding in producing new patents. 2017 Journal Article http://hdl.handle.net/20.500.11937/63219 10.1142/S0217590817450084 World Scientific Publishing restricted |
| spellingShingle | Zhou, Yixiao ZHANG, R. SONG, L. HOW FUNDING STRUCTURE AFFECTS EFFICIENCY OF R&D INVESTMENT BY LARGE- AND MEDIUM-SIZED INDUSTRIAL FIRMS IN CHINA? EVIDENCE FROM PROVINCE-LEVEL PANEL DATA |
| title | HOW FUNDING STRUCTURE AFFECTS EFFICIENCY OF R&D INVESTMENT BY LARGE- AND MEDIUM-SIZED INDUSTRIAL FIRMS IN CHINA? EVIDENCE FROM PROVINCE-LEVEL PANEL DATA |
| title_full | HOW FUNDING STRUCTURE AFFECTS EFFICIENCY OF R&D INVESTMENT BY LARGE- AND MEDIUM-SIZED INDUSTRIAL FIRMS IN CHINA? EVIDENCE FROM PROVINCE-LEVEL PANEL DATA |
| title_fullStr | HOW FUNDING STRUCTURE AFFECTS EFFICIENCY OF R&D INVESTMENT BY LARGE- AND MEDIUM-SIZED INDUSTRIAL FIRMS IN CHINA? EVIDENCE FROM PROVINCE-LEVEL PANEL DATA |
| title_full_unstemmed | HOW FUNDING STRUCTURE AFFECTS EFFICIENCY OF R&D INVESTMENT BY LARGE- AND MEDIUM-SIZED INDUSTRIAL FIRMS IN CHINA? EVIDENCE FROM PROVINCE-LEVEL PANEL DATA |
| title_short | HOW FUNDING STRUCTURE AFFECTS EFFICIENCY OF R&D INVESTMENT BY LARGE- AND MEDIUM-SIZED INDUSTRIAL FIRMS IN CHINA? EVIDENCE FROM PROVINCE-LEVEL PANEL DATA |
| title_sort | how funding structure affects efficiency of r&d investment by large- and medium-sized industrial firms in china? evidence from province-level panel data |
| url | http://hdl.handle.net/20.500.11937/63219 |