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
收藏
页码：519 / 525
页数：7
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