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R&D투자와 소유구조R&D Investments and Ownership Structure
- Other Titles
- R&D Investments and Ownership Structure
- Issue Date
- Dec-2005
- Publisher
- 한국기술혁신학회
- Citation
- 기술혁신학회지, v.8, no.3, pp 1199 - 1224
- Pages
- 26
- Indexed
- KCICANDI
- Journal Title
- 기술혁신학회지
- Volume
- 8
- Number
- 3
- Start Page
- 1199
- End Page
- 1224
- ISSN
- 1598-2912
2713-8666
- Abstract
- This study analyzes various factors affecting a firm's investments, focusing on both a firm's ownership structure and CEO's incentives. While previous empirical works focus on various financial data in order to test the Schumpeterian Hypotheses, this paper is using various ownership structure data as well as financial data. Empirical results show that the greater a firm's CEO has the company's own stock, the less he spends in R&D investments. The main empirical results of this study is in line with past empirical studies on various markets outside of Korea.
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Related Researcher
- Yoon, Choong Han
- COLLEGE OF BUSINESS AND ECONOMICS (DEPARTMENT OF ECONOMICS)