Ownership Structure and R&D Orientation in ICT Groups

Francesco Bogliacino, Giuditta Prato () and Daniel Nepelski
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Giuditta Prato: European Commission - JRC IPTS

Eurasian Business Review, 2013, vol. 3, issue 2, No 3, 164-178

Abstract: Abstract 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.

Keywords: R&D; ICT; Ownership Structure (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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DOI: 10.14208/ebr.2013.03.02.003

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