메뉴 건너뛰기
.. 내서재 .. 알림
소속 기관/학교 인증
인증하면 논문, 학술자료 등을  무료로 열람할 수 있어요.
한국대학교, 누리자동차, 시립도서관 등 나의 기관을 확인해보세요
(국내 대학 90% 이상 구독 중)
로그인 회원가입 고객센터 ENG
주제분류

추천
검색

논문 기본 정보

자료유형
학술저널
저자정보
저널정보
서울대학교 경제연구소 Seoul Journal of Economics Seoul Journal of Economics 제25권 제1호
발행연도
2012.1
수록면
89 - 110 (22page)

이용수

표지
📌
연구주제
📖
연구배경
🔬
연구방법
🏆
연구결과
AI에게 요청하기
추천
검색

초록· 키워드

오류제보하기
The current study examines the effect of ownership concentration on R&D investment by investigating a large panel data set of Korean listed firms. Theoretically, concentrated ownership structure can be an alternative to mitigate the agency problem caused by the separation of ownership and control in a dispersed ownership structure. However, whether ownership concentration positively affects firm R&D decisions is not obvious due to the contrasting effects of large shareholders: risk averseness and long-term orientation. The present study uses several econometric techniques, fixed effects FGLS regression, dynamic GMM regression, and subsample regressions, and shows that the positive effect of ownership concentration on R&D is confirmed in Korea. A non-linear relation between ownership concentration and investment is not significant, and neither are the effects of foreign investors and institutional investors. The results of the subsample regressions indicate that the positive effect of ownership concentration is significant in small firms, R&D intensive firms, and non-chaebol firms.

목차

등록된 정보가 없습니다.

참고문헌 (27)

참고문헌 신청

이 논문의 저자 정보

최근 본 자료

전체보기

댓글(0)

0