R&D investment and future firm performance: The role of managerial overconfidence and government ownership

被引：17
|
作者：
Tebourbi, Imen [1 ]
Ting, Irene Wei Kiong [2 ]
Le, Hanh Thi My [3 ]
Kweh, Qian Long [1 ]
机构：
[1] Canadian Univ Dubai, Fac Management, Dubai, U Arab Emirates
[2] Univ Malaysia Pahang, Fac Ind Management, Gambang, Malaysia
[3] Ton Duc Thang Univ, Fac Accounting, Benchmarking Res Grp, Ho Chi Minh City, Vietnam
来源：
MANAGERIAL AND DECISION ECONOMICS | 2020年 / 41卷 / 07期
关键词：
DEVELOPMENT INTENSITY; CEO OVERCONFIDENCE; CAPITAL STRUCTURE; SUBSIDIES; OPTIMISM; BOARD; DETERMINANTS; PRODUCTIVITY; EFFICIENCY; GENDER;
D O I：
10.1002/mde.3173
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We investigate the relationship among managerial overconfidence (MO), government ownership, and research and development (R&D) investment using data from Vietnamese public companies for the period 2007-2016. We also investigate how R&D investment, given MO and government ownership, affect future firm performance. Our results indicate that MO and government ownership are positively related to R&D investment. Conceptually, this study investigates novel factors affecting of R&D investment and their role in improving firm performance. Overall, this study emphasizes the importance of R&D investment in the corporate world, improving firm performance and, ultimately, economic prosperity.
引用
收藏
页码：1269 / 1281
页数：13
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