Title :
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
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;
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
DOI :
10.1109/ICMSS.2010.5577477
