Analysis of Adverse Selection in Enterprise Independent Innovation and Efficiency of Government Support

摘要：

At an early stage of enterprise’s self-driven innovation,product trading market has a“Lemon Phenomenonbe cause of the impact of a variety of reasons. There is an obvious case of adverse selection,which impairs the en thusiasm of enterprise’s self-driven innovation. Govern ment,as an intermediary,uses its own unique reputation and professional competence to send out the credible “market signal. This is conducive to a breakthrough of information barriers in transaction,compensating for market failure. At the same time it will also help enter prise to introduce mechanism into self-driven innovatiorn.

关键词： Self-driven innovation Lemon market Adverse selection The efficiency of government support

作者: CHEN Hongjun CHENG Yunxi

作者单位: School of Management,Henan University of Technology,P. R. China

会议类型: 国际会议

会议名称: Zhengzhou Conference Conference on Management of Technology(2009郑州技术管理研讨会 MOT2009)

会议地点: 郑州

会议语种:英文

页码: 185-189

在线出版日期: 2009-04-17（万方平台首次上网日期，不代表论文的发表时间）