Abstract
With the increasing emphasis on research institutions in China, there is a growing imperative to evaluate the efficacy of resource allocation in science and technology (S&T) investments. However, limited research has been conducted on the efficacy of resource allocation in research institutions while considering decision makers’ risk preference behavior. In order to address this issue, the present study employs a prospective cross-efficiency evaluation model that incorporates decision makers’ risk preferences. This model is utilized to assess the efficiency of S&T resource allocation in research institutions across 13 industries in China. After conducting empirical analysis, it has been observed that decision makers’ risk preferences significantly influence the efficiency outcomes of S&T resource allocation in research institutions. Finally, this study proposes appropriate measures and recommendations for S&T resource allocation in research institutions.
Published Version
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