Venture capital, Ownership concentration and Enterprise R&D investment

被引：8

作者：

Wen, Hongxing ^{[1
]}

Xia, Kui ^{[1
]}

机构：

[1] Sichuan Univ, Sch Business, 24 South Ring Rd, Chengdu 610064, Peoples R China

来源：

PROMOTING BUSINESS ANALYTICS AND QUANTITATIVE MANAGEMENT OF TECHNOLOGY: 4TH INTERNATIONAL CONFERENCE ON INFORMATION TECHNOLOGY AND QUANTITATIVE MANAGEMENT (ITQM 2016) | 2016年 / 91卷

关键词：

VC; Ownership concentration; Enterprise R&D investment;

D O I：

10.1016/j.procs.2016.07.133

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We empirically examine the relationship among venture capital (VC), ownership concentration and enterprise R&D investment. Drawing on the data of China's GEM from 2010 to 2014, we find that VC and enterprise R&D investment are significantly positively correlated while ownership concentration and enterprise R&D investment are significantly negatively correlated. Further research shows that in the VC-backed companies ownership concentration has no significant impact on R&D investment. (C) 2016 The Authors. Published by Elsevier B.V.

引用

页码：519 / 525

页数：7

共 50 条

[1] Institutional Ownership, Capital Structure and R&D Investment
Hsu, Hsuehen-En
ECONOMICS AND FINANCE RESEARCH, 2011, 4 : 372 - 375
[2] Enterprises' R&D Investment, Venture Capital Syndication and IPO Underpricing
Guo, Xuemeng
Li, Kai
Yu, Siyi
Wei, Bolu
SUSTAINABILITY, 2021, 13 (13)
[3] Venture capital, R&D investment and enterprise innovation: Evidence from China's information technology industry
Tang, Manping
Liu, Shuqin
Mao, Shuyu
BASIC & CLINICAL PHARMACOLOGY & TOXICOLOGY, 2019, 125 : 164 - 164
[4] Ownership concentration and R&D investment: the moderating role of stock options
Qian, Furong
Yuan, Xiaoyong
MANAGEMENT DECISION, 2023, 61 (11) : 3475 - 3492
[5] Ownership and the cyclicality of firms’ R&D investment
Pilar Beneito
María Engracia Rochina-Barrachina
Amparo Sanchis-Llopis
International Entrepreneurship and Management Journal, 2015, 11 : 343 - 359
[6] R&D, capital structure and ownership concentration: evidence from Italian microdata
Bragoli, Daniela
Cortelezzi, Flavia
Marseguerra, Giovanni
INDUSTRY AND INNOVATION, 2016, 23 (03) : 223 - 242
[7] Ownership and the cyclicality of firms' R&D investment
Beneito, Pilar
Engracia Rochina-Barrachina, Maria
Sanchis-Llopis, Amparo
INTERNATIONAL ENTREPRENEURSHIP AND MANAGEMENT JOURNAL, 2015, 11 (02) : 343 - 359
[8] A Spatial Econometric Analysis of Venture Capital, R&D Institutions, Enterprise, University and Knowledge Spillovers
Wan Kunyang
Yan Yan
2009 INTERNATIONAL CONFERENCE ON INFORMATION MANAGEMENT, INNOVATION MANAGEMENT AND INDUSTRIAL ENGINEERING, VOL 1, PROCEEDINGS, 2009, : 299 - 303
[9] The influence of R&D investment on the use of corporate venture capital: An industry-level analysis
Sahaym, Arvin
Steensma, H. Kevin
Barden, Jeffrey Q.
JOURNAL OF BUSINESS VENTURING, 2010, 25 (04) : 376 - 388
[10] The Cooperative R&D Based on Research Joint Venture and Enterprise R&D Decision with Spillover
Liu Xiong
Zhang Zhen-yu
2013 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE AND ENGINEERING (ICMSE), 2013, : 1861 - 1865

← 1 2 3 4 5 →