Founder Control, R&D Investment and Firm Performance: An Empirical Study Based on High-tech Firms

DOI

10.2991/978-94-6463-056-5_44How to use a DOI?

Keywords

Linear regression; Founder control; R&D investment; Firm performance; Market environment

Abstract

From the founders control perspective, this paper view incomplete contracting theory and principal-agent theory as the foundation, the gem private high-tech enterprises as the research object, explore the relationship between founder control and firm performance. In the same time, we also verify the mediating role of R&D investment and the function of the market environment to adjust the relationship between them. Stata15 analysis software is used for regression analysis, results shows that founder control is positively correlated with firm performance in private high-tech enterprises; Founders control can influence corporate performance through R&D investment. Besides, market environment strengthens the positive effect of founder control on firm performance.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - Yabo Wang
PY  - 2022
DA  - 2022/12/29
TI  - Founder Control, R&D Investment and Firm Performance: An Empirical Study Based on High-tech Firms
BT  - Proceedings of the 2022 2nd International Conference on Management Science and Software Engineering (ICMSSE 2022)
PB  - Atlantis Press
SP  - 308
EP  - 313
SN  - 2589-4900
UR  - https://doi.org/10.2991/978-94-6463-056-5_44
DO  - 10.2991/978-94-6463-056-5_44
ID  - Wang2022
ER  -