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Disruptive innovation and R&D ownership structures |
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| Authors: | Guo Di Huang Haizhou Jiang Kun Xu Chenggang |
| Affiliation: | 1.Business School, Brunel University London, Kingston Lane, Uxbridge, UB8 3PH, UK ;2.China International Capital Corporation, 25/F and 29/F One International Finance Centre, 1 Harbour View Street, Central Hong Kong, Hong Kong ;3.Business School, University of Nottingham, North Building, Jubilee Campus, Wollaton Road, Nottingham, NG8 1BB, UK ;4.Cheung Kong Graduate School of Business, Oriental Plaza 2/F, Tower E2, 1 East Changan Ave., Beijing, 100738, China ; |
| Abstract: | Public Choice - This paper provides a theoretical explanation as to why breakthrough innovations seem to be possible only within capitalist economies (Kornai in Dynamism, rivalry, and the surplus... |
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