Corporate Governance and Investment in R&D-Empirical Evidence from China
The purpose of the paper is to examine the relationship between corporate governance and investment in R&D in China.It also analyzes the mechanisms of corporate governances impact on R&D investments.On the basis of the former research in the field of corporate governance and R&D investments,the paper explains three aspects about corporate governance and financing of investments in R&D: the nature of the principle,the extent of ownership and control,and characteristic of the board.We propose relative hypotheses and analyze the possible path that corporate governance works on R&D investment.In order to test the hypotheses above,we set up the statistical to do the empirical analysis and get related results.And we conclude some useful implications for future corporation s performance and policy.
Corporate governance R&D investment Ownership structure Group business
Gu Yu Chen Song
School of Economics and Management,Tongji University,Shanghai,200092,China
国际会议
杭州
英文
245-250
2008-04-21（万方平台首次上网日期，不代表论文的发表时间）