التفاصيل البيبلوغرافية
| العنوان: |
Corporate governance and R&D investment by European listed companies. |
| المؤلفون: |
Rodrigues, Ricardo1 (AUTHOR) cege@iseg.ulisboa.pt, Samagaio, António2 (AUTHOR), Felício, Teresa2 (AUTHOR) |
| المصدر: |
Journal of Business Research. Jul2020, Vol. 115, p289-295. 7p. |
| مصطلحات موضوعية: |
*CORPORATE governance, *INVESTMENTS, PANEL analysis |
| مستخلص: |
• Quantitative and qualitative instruments were used study the effects of governance on R&D. • FsQCA shows that the influence of governance mechanisms is not symmetric. • FsQCA reveals alternative governance configurations for high or low levels of R&D intensity. The positive effects of R&D investment on innovation, productivity, and sustainability are well documented. However, findings regarding the impact of corporate governance on R&D investment are mixed, despite arguments supporting the role of governance mechanisms in solving agency problems. This study focuses on the relationship between governance mechanisms and R&D investment using a sample of large companies listed in European countries. The data cover the period from 2002 to 2013. These data are analyzed using an econometric panel data method and the recently developed method of panel data fuzzy-set qualitative comparative analysis. The results reveal the importance of institutional context and highlight the configurations of governance mechanisms that lead to high and low levels of R&D investment. These findings are relevant for companies aiming to adopt the most suitable governance mechanisms to pursue their R&D objectives and for policymakers interested in promoting R&D investment. [ABSTRACT FROM AUTHOR] |
|
Copyright of Journal of Business Research is the property of Elsevier B.V. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) |
| قاعدة البيانات: |
Business Source Index |
