An Empirical Study on the Breadth of Board Human Capital,Overconfidence and Firm R&D Investment
By employing the data of listed GEM firms from 2013 to 2014 and the regression model,the research, combined with resource dependence view and conflict theory, not only empirically examined the effects of the breadth of board human capital on the firm R&D investment, but also explored the moderating role of managerial overconfident in this process.The results showed that the breadth of board human capital is negatively related with R&D investment and managerial overconfidence moderates this relationship.The study suggest that: With the improvement of managerial overconfidence, the negative effect of the breadth of board human capital on the firm R&D investment will be stronger.
The breadth of human capital Overconfidence Conflict theory R&D investment
PENG Chen MA Lu
School of Management,Guangxi University of Science and Technology,Liuzhou,P.R.China,545006
国际会议
山东 日照
英文
265-274
2015-08-17(万方平台首次上网日期,不代表论文的发表时间)