OWNERSHIP STRUCTURE AND R&D ORIENTATION IN ICT GROUPS

被引：6
|
作者：
Bogliacino, Francesco [1 ]
De Prato, Giuditta [2 ]
Nepelski, Daniel [2 ]
机构：
[1] Konrad Lorenz Univ Fdn, Sch Business, Bogota, Colombia
[2] European Commiss, JRC IPTS, Seville, Spain
来源：
EURASIAN BUSINESS REVIEW | 2013年 / 3卷 / 02期
关键词：
R&D; ICT; Ownership Structure;
D O I：
10.14208/ebr.2013.03.02.003
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
In this paper we use the subset of ICT companies from the European R&D Investment Scoreboard to test the effect of change in the shareholders structure on the business orientation towards R&D. A change in one of the control participation for the business group is associated with a deepening of the R&D orientation. The effect is twice as large if the shareholder is a public institution or a risk-oriented financial institution. In the estimation, we address the role of heterogeneity by allowing for fat tails and asymmetry.
引用
收藏
页码：164 / 178
页数：15
相关论文
共 50 条
  • [1] Ownership as R&D incentive in business groups
    Enrico Guzzini
    Donato Iacobucci
    [J]. Small Business Economics, 2014, 43 : 119 - 135
  • [2] Ownership as R&D incentive in business groups
    Guzzini, Enrico
    Iacobucci, Donato
    [J]. SMALL BUSINESS ECONOMICS, 2014, 43 (01) : 119 - 135
  • [3] Institutional Ownership, Capital Structure and R&D Investment
    Hsu, Hsuehen-En
    [J]. ECONOMICS AND FINANCE RESEARCH, 2011, 4 : 372 - 375
  • [4] The Study on the Impact of Ownership Structure on the R&D Investment
    Liu, Shengqiang
    [J]. PROCEEDINGS OF THE 2012 INTERNATIONAL CONFERENCE ON MANAGEMENT INNOVATION AND PUBLIC POLICY (ICMIPP 2012), VOLS 1-6, 2012, : 1829 - 1834
  • [5] Business R&D in the ICT sector: examining the European ICT R&D deficit
    Lindmark, Sven
    Turlea, Geomina
    Ulbrich, Martin
    [J]. SCIENCE AND PUBLIC POLICY, 2010, 37 (06) : 413 - 428
  • [6] R&D project announcements and the impact of ownership structure
    Jones, E
    Danbolt, J
    [J]. APPLIED ECONOMICS LETTERS, 2003, 10 (14) : 933 - 936
  • [7] Impacts of Ownership Structure on R&D Investment in GEM companies
    Zhang Xinyu
    Gu Wenlin
    [J]. PROCEEDINGS OF THE 2015 INTERNATIONAL CONFERENCE ON EDUCATION, MANAGEMENT, INFORMATION AND MEDICINE (EMIM 2015), 2015, 8 : 793 - 798
  • [8] Ownership structure and R&D: The role of regional governance environment
    Wan, Wei
    Zhou, Fanqi
    Liu, Lingjie
    Fang, Libing
    Chen, Xudong
    [J]. INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 2021, 72 : 45 - 58
  • [9] Evolving ICT and challenges in R&D
    Department III, NTT
    [J]. NTT Tech. Rev., 2007, 4
  • [10] R&D, foreign ownership, and corporate groups: Evidence from Japanese firms
    Kwon, Hyeog Ug
    Park, Jungsoo
    [J]. RESEARCH POLICY, 2018, 47 (02) : 428 - 439
12345