Title :
Corporate governance and the performance of R&D investment: Evidence from China
Author_Institution :
Sch. of Accounting, Dongbei Univ. of Finance & Econ., Dalian, China
Abstract :
This paper examines empirically the effects of corporate governance on the performance of corporate R&D investment using the data on chinese listed companies data from 2003 to 2006. The results show that state control, the combination of CEO and board chairman positions, the largest shareholder holdings and institutional investors have significant effects on the performance of corporate R&D investment, but the proportion of outside directors and managerial shareholdings do not have significant effects.
Keywords :
investment; organisational aspects; research and development management; CEO position; China; board chairman position; corporate R&D investment performance; corporate governance; institutional investor; listed companies; shareholder holdings; state control; Board of Directors; Companies; Economics; Finance; Government; Investments; Monitoring; Corporate Governance; Corporate R&D Investment; Firm performance;
Conference_Titel :
Business Management and Electronic Information (BMEI), 2011 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-1-61284-108-3
DOI :
10.1109/ICBMEI.2011.5916915
