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Soft Budget Constraint and the Optimal Choices of Research and Development Projects Financing

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  • Huang, Haizhou
  • Xu, Chenggang

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  • Huang, Haizhou & Xu, Chenggang, 1998. "Soft Budget Constraint and the Optimal Choices of Research and Development Projects Financing," Journal of Comparative Economics, Elsevier, vol. 26(1), pages 62-79, March.
    • Handle: RePEc:eee:jcecon:v:26:y:1998:i:1:p:62-79
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    8. Kamien, Morton I & Schwartz, Nancy L, 1978. "Self-Financing of an R&D Project," American Economic Review, American Economic Association, vol. 68(3), pages 252-261, June.
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    Cited by:

    1. Lo, Dic & Gao, Ling & Lin, Yuchen, 2022. "State ownership and innovations: Lessons from the mixed-ownership reforms of China's listed companies," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 302-314.
    2. Mathilde Maurel & Thomas Pernet-Coudrier, 2020. "New Evidence on the Soft Budget Constraint: Chinese Environmental Policy Effectiveness in Private versus SOEs," Post-Print halshs-02469382, HAL.
    3. J. Kornai, 2012. "Innovation and Dynamism. Interaction between Systems and Technical Progress," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 4.
    4. Kornai, János, 2022. "Innováció és dinamizmus. Kölcsönhatás a rendszerek és a technikai haladás között [Innovation and dynamism. The reciprocal effect between systems and technical advance]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 133-173.
    5. Di Guo & Haizhou Huang & Kun Jiang & Chenggang Xu, 2021. "Disruptive innovation and R&D ownership structures," Public Choice, Springer, vol. 187(1), pages 143-163, April.
    6. Wang, Yajun & Yuan, Zheng & Luo, Hanyu & Zeng, Hui & Huang, Junbing & Li, Yulin, 2024. "Promoting low-carbon energy transition through green finance: New evidence from a demand-supply perspective," Energy Policy, Elsevier, vol. 195(C).
    7. Mehrdad Vahabi, 2025. "The Soft Budget Constraint: A Theoretical Clarification," Palgrave Studies in the History of Economic Thought,, Palgrave Macmillan.
    8. Zhang, Anming & Zhang, Yimin & Zhao, Ronald, 2003. "A study of the R&D efficiency and productivity of Chinese firms," Journal of Comparative Economics, Elsevier, vol. 31(3), pages 444-464, September.
    9. Yuping Cao & Xiaojin Sun, 2025. "Soft budget constraints and technological innovations: evidence from China," Public Choice, Springer, vol. 202(1), pages 109-139, January.
    10. Xu, Cheng-Gang, 2017. "Capitalism and Socialism: Review of Kornai’s Dynamism, Rivalry, and the Surplus Economy," CEPR Discussion Papers 11866, C.E.P.R. Discussion Papers.
    11. Nikitin, Maxim, 2000. "An Arrears Crisis and Stabilization Failure in a Transition Economy," Journal of Comparative Economics, Elsevier, vol. 28(4), pages 665-699, December.
    12. Xinxin Zhao & Zongjun Wang & Min Deng, 2019. "Interest Rate Marketization, Financing Constraints and R&D Investments: Evidence from China," Sustainability, MDPI, vol. 11(8), pages 1-17, April.
    13. Jie Wu & Hongxin Zhao, 2015. "The Dual Effects of State Ownership on Export Activities of Emerging Market Firms: An Inducement–Constraint Perspective," Management International Review, Springer, vol. 55(3), pages 421-451, June.
    14. Peilei Fan, 2011. "Innovation capacity and economic development: China and India," Economic Change and Restructuring, Springer, vol. 44(1), pages 49-73, April.
    15. Mathilde Maurel & Thomas Pernet, 2021. "New evidence on the soft budget constraint: Chinese environmental policy effectiveness in SOE-dominated cities," Public Choice, Springer, vol. 187(1), pages 111-142, April.
    16. Yang, Bofei & Zhu, Shengjun, 2022. "Public funds in high-tech industries: A blessing or a curse," Socio-Economic Planning Sciences, Elsevier, vol. 83(C).
    17. Yung-ho Chiu & Chin-wei Huang & Yu-Chuan Chen, 2012. "The R&D value-chain efficiency measurement for high-tech industries in China," Asia Pacific Journal of Management, Springer, vol. 29(4), pages 989-1006, December.
    18. Li, Yuan & Yi, Yuyao & Li, Xiaofan & Tao, Yunqing, 2024. "Do error-tolerance and correction mechanisms enhance the performance of state-owned enterprises in China?," International Review of Financial Analysis, Elsevier, vol. 96(PB).
    19. János Kornai, 2010. "Innovation and dynamism," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 18(4), pages 629-670, October.

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