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- W2356859458 abstract "By introducing the factors of relational debt into the framework of transaction cost economics,the paper researches theoretically the match characteristics of RD investments and heterogeneous debt and its effects on corporate performance,followed by empirical tests based on 517 enterprises of Chinese listed companies from 2004 to 2008.The result shows that relational debt is an effective governance mechanism for RD investments, the more RD investments are,the higher the ratio of relational debt to total debt is,which enhances the contribution of RD investments to company performance.Furthermore,company size has a negative effect on the relationship,which is more robust to small companies compared with big ones.Accordingly,the paper gives some advices on how to improve innovative capacity of different type of Chinese listed companies" @default.
- W2356859458 created "2016-06-24" @default.
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- W2356859458 date "2011-01-01" @default.
- W2356859458 modified "2023-09-24" @default.
- W2356859458 title "Heterogeneous Debt,Company Size and R&D Input" @default.
- W2356859458 hasPublicationYear "2011" @default.
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