R&D investment and future firm performance: The role of managerial overconfidence and government ownership

Imen Tebourbi, Irene Wei Kiong Ting, Hanh Thi My Le and Qian Long Kweh

Managerial and Decision Economics, 2020, vol. 41, issue 7, 1269-1281

Abstract: We investigate the relationship among managerial overconfidence (MO), government ownership, and research and development (R&D) investment using data from Vietnamese public companies for the period 2007–2016. We also investigate how R&D investment, given MO and government ownership, affect future firm performance. Our results indicate that MO and government ownership are positively related to R&D investment. Conceptually, this study investigates novel factors affecting of R&D investment and their role in improving firm performance. Overall, this study emphasizes the importance of R&D investment in the corporate world, improving firm performance and, ultimately, economic prosperity.

Date: 2020
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https://doi.org/10.1002/mde.3173

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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:41:y:2020:i:7:p:1269-1281

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