Employment protection legislation and R&D investment

被引：3

作者：

Tran, Quoc Trung ^{[1
,2
]}

机构：

[1] Foreign Trade Univ, Ho Chi Minh City Campus, Ho Chi Minh City, Vietnam

[2] Foreign Trade Univ, Ho Chi Minh City Campus, 15 D5 St,Ward 25, Ho Chi Minh City, Vietnam

来源：

RESEARCH IN INTERNATIONAL BUSINESS AND FINANCE | 2023年 / 64卷

关键词：

Employment protection; R&D; Investment; Investment efficiency; CORPORATE; FINANCE; FIRMS; LAW; SENSITIVITY; MATTER; COSTS; CASH;

D O I：

10.1016/j.ribaf.2022.101811

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines how employment protection legislation influences corporate R&D investment. With a sample of 113,228 observations across 23 OECD countries from 2001 to 2018, I document that firms in strong employment protection legislation have lower R&D expenditure and investment efficiency. In addition, I find that the effect of employment protection on R&D expenditure is stronger in financially constrained firms but the effect of employment protection on R&D investment efficiency is stronger in financially unconstrained firms.

引用

页数：9

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