An Empirical Study of the Impact of Corporate Governance on R&D Investment in High-Tech Enterprises

Author

Yang, Meiying ; Xiong, Xiaoting

Author_Institution

Sch. of Econ. & Manage., Beihang Univ., Beijing, China

fYear

2010

fDate

24-26 Aug. 2010

Firstpage

1

Lastpage

4

Abstract

In this paper, high-tech enterprise is the research object. It studies the impact of corporate governance structure on R&D investment by establishing multi-regression model. Ownership structure and board structure are selected to represent the internal governance structure. The result indicates that ownership property makes significant contribution to R&D investment, and an appropriate percentage of equity ownership concentration and the shareholding proportion of executives can promote R&D investment, and variables representing the characteristic of the board have no significant impact on R&D investment, including board size, the proportion of independent directors and CEO Duality.

Keywords

investment; organisational aspects; regression analysis; research and development; CEO duality; R&D investment; board size; board structure; corporate governance; equity ownership concentration; high-tech enterprise; internal governance structure; multiregression model; ownership property; ownership structure; shareholding proportion; Board of Directors; Companies; Correlation; Economics; Investments; Technological innovation;

fLanguage

English

Publisher

ieee

Conference_Titel

Management and Service Science (MASS), 2010 International Conference on

Conference_Location

Wuhan

Print_ISBN

978-1-4244-5325-2

Electronic_ISBN

978-1-4244-5326-9

Type

conf

DOI

10.1109/ICMSS.2010.5577477

Filename

5577477