Investment in R&D and Corporate Governance

Valdemar Smith () and Erik Strøjer Madsen

Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, 2001, vol. 70, issue 2, pages 263-274

Abstract: The paper investigates the impact of ownership concentration on the
likelihood that firms are involved in innovative activities or invest in
research and development. We find that more dispersed ownership
significantly increases the probability that a firm is engaged in
innovation or invests in research and development. Moreover, the effect
from ownership concentration is far more important for the incentive to
nnovate than the effect from product market concentration.

Date: 2000
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Persistent link: http://EconPapers.repec.org/RePEc:diw:diwvjh:70-20-13

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