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Do public subsidies trigger firms’ overinvestment? Evidence from the Korean renewable energy technology industry
We empirically investigate whether government subsidies result in firms’ overinvestment using unbalanced panel data from 61 renewable energy technology firms in Korea between 1991 and 2018. Considering the diagnostic test results, we build a panel vector autoregression model and test how overinvestm...
| Autores principales: | , , |
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| Formato: | Online Artículo Texto |
| Lenguaje: | English |
| Publicado: |
Springer Berlin Heidelberg
2022
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| Materias: | |
| Acceso en línea: | https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9365229/ https://www.ncbi.nlm.nih.gov/pubmed/35948791 http://dx.doi.org/10.1007/s11356-022-22429-7 |