An Empirical Study of the Impact of Corporate Governance on R&D Investment Expenditure Based on Guangdong High-tech Enterprises

DOI

10.2991/msmi-17.2017.15How to use a DOI?

Keywords

high-tech enterprise; corporate governance; R&D investment

Abstract

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.

Copyright

© 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/).

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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  - 10.2991/msmi-17.2017.15
ID  - Yu2017/06
ER  -