An Empirical Study of the Impact of Corporate Governance on R&D Investment Expenditure Based on Guangdong High-tech Enterprises
- https://doi.org/10.2991/msmi-17.2017.15How to use a DOI?
- high-tech enterprise; corporate governance; R&D investment
R&D investment has already become the strategic investment in the process of the growth and sustainable development of enterprises. The previous researches indicate that the R&D investment is affected by corporate governance. It is of significance to research on corporate governance improvement so as to solve the shortage of R&D investment. Based on various natures of different industries, the article make comprehensive exploration on the impacts upon R&D investment in terms of concentration degree of equity, the board size, the incentive of top management and debt rate. It concludes that the relationship between corporate governance and R&D investment differs in a significant way among different industries. It is essential to tailor the corporate governance to different industries so as to solve the shortage of R&D investment.
- © 2017, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Pengyi Yu AU - Ruixian Li AU - Shuting Fang PY - 2017/06 DA - 2017/06 TI - An Empirical Study of the Impact of Corporate Governance on R&D Investment Expenditure Based on Guangdong High-tech Enterprises BT - Proceedings of the 2017 International Conference on Management Science and Management Innovation (MSMI 2017) PB - Atlantis Press SP - 64 EP - 66 SN - 2352-5428 UR - https://doi.org/10.2991/msmi-17.2017.15 DO - https://doi.org/10.2991/msmi-17.2017.15 ID - Yu2017/06 ER -