Internal Governance Structures and Input-intensity of R&D: An Empirical Study of Listed Companies on the GEM in China

被引：0

作者：

Ding, Lili ^{[1
]}

Wang, Lei ^{[1
]}

Liu, Xinmin ^{[1
]}

机构：

[1] Shandong Univ Sci & Technol, Coll Econ & Management, Qingdao, Shandong, Peoples R China

来源：

2013 3RD INTERNATIONAL CONFERENCE ON APPLIED SOCIAL SCIENCE (ICASS 2013), VOL 3 | 2013年

关键词：

Managerial discretion; GEM; Internal governance structures; Input-intensity of R&D;

D O I：

暂无

中图分类号：

C [社会科学总论];

学科分类号：

03 ; 0303 ;

摘要：

This study explores the effect of internal governance structure on input-intensity of R&D of the public offerings listed on the Growth Enterprise Market (GEM) of China during 2009-2010. Empirical research indicates that when managerial discretion is mediator variable and compensation difference is moderator, there is a positive correlation between input-intensity of R&D and proportion of independent directors. The ownership concentration and proportion of independent directors both have a positive effect in managerial discretion respectively. The linear relationship between director board size and input-intensity of R&D is not so significant. Furthermore, input-intensity of R&D is positively related to managerial discretion, while it is regulated positively by compensation.

引用

页码：208 / 213

页数：6

共 10 条

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