R&D Ezpenditure and Corporate Governance in China:Mechanism Patterns, Investment Financing and Empirical Analysis
The aim of the paper is to examine the relationship between corporate governance and R&D expenditure of firm-level 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 of corporate governance and investment financing of R&D: the nature of the principle, the extent of ownership and control, and characteristic of the board. The paper proposes three hypotheses and analyzes the possible pathway 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 corporations performance and policy.
R&D ezpenditure Corporate Governance Investment Financing Ownership structure Group business
GU Yu CHEN Song
School of Economics and Management, Tongji University, Shanghai, 200092, China School of Economics and Management,Tongji University, Shanghai, 200092, China
国际会议
杭州
英文
1-10
2008-10-28（万方平台首次上网日期，不代表论文的发表时间）