Title :
The board structure and R&D investment — A study on the Chinese listed IT companies
Author :
Zhu Zhaohui ; Wang Ding
Author_Institution :
Sch. of Accounting, Zhejiang Gongshang Univ., Hangzhou, China
Abstract :
With the data of the Chinese IT listed companies from 2007 to 2010, this paper investigates the relationship between company´s board structure and its R&D investment. The empirical study´s result shows that increasing in the size of independent directors, and the board members´ stock share are the incentives for the firm to invest in R&D, while increasing the size of board and the relative elder of board members will have a negative effect in firm´s R&D investment.
Keywords :
incentive schemes; innovation management; investment; organisational aspects; personnel; Chinese IT listed companies; board member stock share; company board structure; firm R and D investment; incentives; independent directors; Board Structure; Listed IT Firms; R&D Investment;
Conference_Titel :
Management of Technology (ISMOT), 2012 International Symposium on
Conference_Location :
Hangzhou
DOI :
10.1109/ISMOT.2012.6679464
