The Optimal Management of Research Portfolios.

Risky research projects are, other things being equal, intrinsically harder to monitor than those which are less risky. It is shown, using agency theory that a standard cost benefit analysis which ignores the agency problem will introduce a bias towards excessively risky projects.

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Year of publication:	1997
Authors:	Bardsley, P.
Institutions:	Department of Economics, Faculty of Business and Economics
Subject:	MANAGEMENT \| RESEARCH AND DEVELOPMENT

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Series:	Department of Economics - Working Papers Series.
Type of publication:	Book / Working Paper
Notes:	Number 549 16 pages
Classification:	O30 - Technological Change; Research and Development. General ; O32 - Management of Technological Innovation and R&D
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005587622