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Determinants of Moral Hazard in R&D Supply Relations – Empirical Results beyond the Agency-Theory Explanation

Helm, Roland ; Aust, Christin ; Kloyer, Martin


Moral hazard can hinder both the realization and the effectiveness of research and development (R&D) supply relations. However, to the best of our knowledge, there have been no empirical studies investigating the determinants of moral hazard under the specific circumstances of R&D supply relations. Based on a study on 104 cases, this article will help to fill that gap. The results not only ...


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