Effects of corporate and country governance on R&D investment: Evidence from emerging markets
Document Type
Article
Publication Date
1-1-2015
Abstract
© 2015 World Scientific Publishing Company. We investigate how corporate governance influences R&D across 13 emerging markets. We find that superior corporate governance increases corporate R&D spending. These results suggest that corporate governance may influence management's discretion to avoid risky innovative projects. We also find that the link between firm-level governance and corporate R&D is stronger in countries with weaker country-level governance. These results suggest substitutability between firm and country governance in generating innovation activities.
Publication Title
Singapore Economic Review
Recommended Citation
Hasan, I.,
Raymar, S.,
&
Song, L.
(2015).
Effects of corporate and country governance on R&D investment: Evidence from emerging markets.
Singapore Economic Review,
60(1).
http://doi.org/10.1142/S0217590815500034
Retrieved from: https://digitalcommons.mtu.edu/michigantech-p/12436
