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<p>A Study on the Misallocation Effect of Capital Combination on China’s <br /> High-tech Industry</p>

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Title Statement <p>A Study on the Misallocation Effect of Capital Combination on China’s <br /> High-tech Industry</p>
 
Added Entry - Uncontrolled Name Cao, Hui ; Donlinks School of Economics and Management, University of Science and Technology Beijing, No. 30, Xueyuan Road, Haidian District, Beijing, 100 083, PR China
Chen, Chu ; Donlinks School of Economics and Management, University of Science and Technology Beijing, No. 30, Xueyuan Road, Haidian District, Beijing, 100 083, PR China
Wang, Kuan
 
Uncontrolled Index Term Capital combination; R&amp;D expenditure; Non-R&amp;D activity; Misallocation Effect
 
Summary, etc. <p>This paper aims to investigate the misallocation effect of different capital combinations accumulated from R&amp;D and non-R&amp;D activity in China’s high-tech industry. Using a conceptual model, the study first establishes an equilibrium combination derived from the firm’s behavior, and then analyzes the misallocation situation in China’s high-tech industry from 2003–2016. The findings indicate that the misallocation effect becomes clearer in the Chinese high-tech industry as input increases, and increased non-R&amp;D activity worsens the misallocation.</p>
 
Publication, Distribution, Etc. Journal of Scientific and Industrial Research (JSIR)
2020-07-29 12:49:53
 
Electronic Location and Access application/pdf
http://op.niscair.res.in/index.php/JSIR/article/view/38373
 
Data Source Entry Journal of Scientific and Industrial Research (JSIR); ##issue.vol## 79, ##issue.no## 05
 
Language Note en