Control-Ownership Disparity and R&D Investment
نویسندگان
چکیده
منابع مشابه
Multinational Ownership and Subsidiary Investment
This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of listed-parent − listed-subsidiary pairs. We find that improvements in the investment opportunities of parent firms have a negative effect on the investment of their subsidiaries, after controlling for the investment opportunities of the subsidiary, which can be independently obs...
متن کاملDebt, Ownership Structure, and R&D Investment
Financial factors and ownership structure are both part of the determinants of corporate R&D investment. Considering listed firms in the R&D intensive industries during the 2000s, this paper examines whether financial factors and ownership structure explain R&D investment in Japan. Following the methodology of Brown et al. (2009), which extends the dynamic investment model of Bond and Maghir (1...
متن کاملLife insurance: Ownership and investment considerations.
Term insurance Term insurance is what comes to mind when most people contemplate an insurance policy. In this situation, the insured pays a premium to the insurance company on a monthly or yearly basis. These premiums entitle the insured to be paid a benefit in the event of death. The typical policy is applied over a defined period of time. In most instances, the term of the policy is between 1...
متن کاملNetwork investment under legal and ownership unbundling1
We consider an industry where an upstream rm determines the size of a network used by two downstream rms. We contrast ownership unbundling and legal unbundling, where the upstream rm maximizes its total pro t, including the pro t of its downstream subsidiary(ies), but does not discriminate between them. Furthermore, each downstream subsidiary maximizes its own pro t. We show that ownership s...
متن کاملOwnership and Investment in Electronic Networks
We employ the theory of incomplete contracts to examine the relationship between ownership and investment in electronic networks such as the Internet and interorganizational information systems. Electronic networks represent an institutional structure that has resulted from the introduction of information technology in industrial and consumer markets. Ownership of electronic networks is importa...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of the Korea Academia-Industrial cooperation Society
سال: 2011
ISSN: 1975-4701
DOI: 10.5762/kais.2011.12.12.5558