Do firms with foreign residency rights controlling shareholders reduce R&D investment?
Author
Suggested Citation
DOI: 10.1002/mde.3462
Download full text from publisher
References listed on IDEAS
- Julian Atanassov, 2013. "Do Hostile Takeovers Stifle Innovation? Evidence from Antitakeover Legislation and Corporate Patenting," Journal of Finance, American Finance Association, vol. 68(3), pages 1097-1131, June.
- Philippe Aghion & John Van Reenen & Luigi Zingales, 2013.
"Innovation and Institutional Ownership,"
American Economic Review, American Economic Association, vol. 103(1), pages 277-304, February.
- Philippe Aghion & John Van Reenen & Luigi Zingales, 2009. "Innovation and Institutional Ownership," NBER Working Papers 14769, National Bureau of Economic Research, Inc.
- Aghion, Philippe & Van Reenen, John & Zingales, Luigi, 2009. "Innovation and Institutional Ownership," CEPR Discussion Papers 7195, C.E.P.R. Discussion Papers.
- Philippe Aghion & John Van Reenen & Luigi Zingales, 2010. "Innovation and Institutional Ownership," Working Papers 2010.99, Fondazione Eni Enrico Mattei.
- Aghion, Philippe & Van Reenen, John & Zingales, Luigi, 2009. "Innovation and institutional ownership," LSE Research Online Documents on Economics 25480, London School of Economics and Political Science, LSE Library.
- Zingales, Luigi & Reenen, John Van & Aghion, Philippe, 2009. "Innovation and Institutional Ownership," Scholarly Articles 4481491, Harvard University Department of Economics.
- Philippe Aghion & John Van Reenen & Luigi Zingales, 2009. "Innovation and Institutional Ownership," CEP Discussion Papers dp0911, Centre for Economic Performance, LSE.
- Aghion, Philippe & Van Reenen, John & Zingales, Luigi, 2010. "Innovation and Institutional Ownership," Institutions and Markets Papers 93414, Fondazione Eni Enrico Mattei (FEEM).
- Chao‐Cheng Mai & Shih‐Chuan Lin, 2021. "The effects of uncertainties over R&D policy or market demand on R&D levels," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 42(4), pages 1048-1056, June.
- Galindo, Miguel-Ángel & Méndez, María Teresa, 2014. "Entrepreneurship, economic growth, and innovation: Are feedback effects at work?," Journal of Business Research, Elsevier, vol. 67(5), pages 825-829.
- Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer & Robert Vishny, 2002.
"Investor Protection and Corporate Valuation,"
Journal of Finance, American Finance Association, vol. 57(3), pages 1147-1170, June.
- Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert Vishny, 1999. "Investor Protection and Corporate Valuation," Harvard Institute of Economic Research Working Papers 1882, Harvard - Institute of Economic Research.
- La Porta, Rafael & Lopez-De-Silanes, Florencio & Shleifer, Andrei & Vishny, Robert, 2002. "Investor Protection and Corporate Valuation," Scholarly Articles 30747191, Harvard University Department of Economics.
- Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1999. "Investor Protection and Corporate Valuation," NBER Working Papers 7403, National Bureau of Economic Research, Inc.
- Mario Tirelli & Luca Spinesi, 2021.
"R&D financing and growth,"
Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 30(1), pages 24-47, January.
- Luca, Spinesi & Mario, Tirelli, 2018. "R&D financing and growth," MPRA Paper 86860, University Library of Munich, Germany.
- Luca Spinesi & Mario Tirelli, 2019. "R&D Financing And Growth," Departmental Working Papers of Economics - University 'Roma Tre' 0249, Department of Economics - University Roma Tre.
- Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
- Roychowdhury, Sugata & Shroff, Nemit & Verdi, Rodrigo S., 2019. "The effects of financial reporting and disclosure on corporate investment: A review," Journal of Accounting and Economics, Elsevier, vol. 68(2).
- Kyeong-Seop (KS) Choi, 2020. "National culture and R&D investments," The European Journal of Finance, Taylor & Francis Journals, vol. 26(6), pages 500-531, April.
- Yuan, Rongli & Wen, Wen, 2018. "Managerial foreign experience and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 48(C), pages 752-770.
- Patricia M. Dechow & Richard G. Sloan & Amy P. Sweeney, 1996. "Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC," Contemporary Accounting Research, John Wiley & Sons, vol. 13(1), pages 1-36, March.
- Chung, Kee H. & Zhang, Hao, 2011. "Corporate Governance and Institutional Ownership," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 46(1), pages 247-273, February.
- Karen Schnatterly & Kenneth W. Shaw & William W. Jennings, 2008. "Information advantages of large institutional owners," Strategic Management Journal, Wiley Blackwell, vol. 29(2), pages 219-227, February.
- Joseph P. H. Fan & T. J. Wong & Tianyu Zhang, 2013. "Institutions and Organizational Structure: The Case of State-Owned Corporate Pyramids," The Journal of Law, Economics, and Organization, Oxford University Press, vol. 29(6), pages 1217-1252, December.
- Pound, John, 1988. "Proxy contests and the efficiency of shareholder oversight," Journal of Financial Economics, Elsevier, vol. 20(1-2), pages 237-265, January.
- Liu, Duan & Li, Zhiyuan & He, Hongbo & Hou, Wenxuan, 2021. "The determinants of R&D smoothing with asset sales: Evidence from R&D-intensive firms in China," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 76-93.
- Skaife, Hollis A. & Veenman, David & Wangerin, Daniel, 2013. "Internal control over financial reporting and managerial rent extraction: Evidence from the profitability of insider trading," Journal of Accounting and Economics, Elsevier, vol. 55(1), pages 91-110.
- Dan Dhaliwal & Shane Heitzman & Oliver Zhen Li, 2006. "Taxes, Leverage, and the Cost of Equity Capital," Journal of Accounting Research, Wiley Blackwell, vol. 44(4), pages 691-723, September.
- Alfredo De Massis & Shujun Ding & Josip Kotlar & Zhenyu Wu, 2018. "Family involvement and R&D expenses in the context of weak property rights protection: an examination of non-state-owned listed companies in China," The European Journal of Finance, Taylor & Francis Journals, vol. 24(16), pages 1506-1527, November.
- Huang, Wei & Zhu, Tao, 2015. "Foreign institutional investors and corporate governance in emerging markets: Evidence of a split-share structure reform in China," Journal of Corporate Finance, Elsevier, vol. 32(C), pages 312-326.
- Devece, Carlos & Peris-Ortiz, Marta & Rueda-Armengot, Carlos, 2016. "Entrepreneurship during economic crisis: Success factors and paths to failure," Journal of Business Research, Elsevier, vol. 69(11), pages 5366-5370.
- Thomas Niedomysl & John Källström & Sierdjan Koster & John Östh, 2019. "Interregional migration of business owners: who moves and how does moving affect firm performance?," Regional Studies, Taylor & Francis Journals, vol. 53(4), pages 503-516, April.
- Mariassunta Giannetti & Guanmin Liao & Xiaoyun Yu, 2015. "The Brain Gain of Corporate Boards: Evidence from China," Journal of Finance, American Finance Association, vol. 70(4), pages 1629-1682, August.
- Lui, Francis T, 1985. "An Equilibrium Queuing Model of Bribery," Journal of Political Economy, University of Chicago Press, vol. 93(4), pages 760-781, August.
- Chen, Donghua & Chen, Yinying & Li, Oliver Zhen & Ni, Chenkai, 2018. "Foreign residency rights and corporate fraud," Journal of Corporate Finance, Elsevier, vol. 51(C), pages 142-163.
- Stefan Zeume, 2017. "Bribes and Firm Value," The Review of Financial Studies, Society for Financial Studies, vol. 30(5), pages 1457-1489.
- Hou, Canran & Liu, Huan, 2020. "Foreign residency rights and corporate cash holdings," Journal of Corporate Finance, Elsevier, vol. 64(C).
- Imen Tebourbi & Irene Wei Kiong Ting & Hanh Thi My Le & Qian Long Kweh, 2020. "R&D investment and future firm performance: The role of managerial overconfidence and government ownership," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(7), pages 1269-1281, October.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Zhang, Qianqian & Jiang, Chunzi & Liu, Baohua & Chan, Kam C., 2024. "Small but salient: Minority shareholders’ innovation attention in interactive online platforms and corporate innovation," The North American Journal of Economics and Finance, Elsevier, vol. 69(PB).
- Ziwei Wang & Chunfeng Wang & Zhenming Fang, 2023. "Common institutional ownership and corporate misconduct," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(1), pages 102-136, January.
- Duan, Tingting & Yang, Xue & Zhang, Zhe, 2023. "The improvement of legal system, entrepreneur immigration, and corporate cash holdings," International Review of Financial Analysis, Elsevier, vol. 89(C).
- Meng, Qingbin & Li, Haitong & Chan, Kam C., 2023. "Fleeing entrepreneurs: Foreign residency right and corporate risk-taking," Research in International Business and Finance, Elsevier, vol. 65(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Gao, Kaijuan & Shen, Hanxiao & Gao, Xi & Chan, Kam C., 2019. "The power of sharing: Evidence from institutional investor cross-ownership and corporate innovation," International Review of Economics & Finance, Elsevier, vol. 63(C), pages 284-296.
- Wunhong Su & Chunlin Wang & Zhong‐qin Su, 2024. "Association between foreign background of executives and firm goodwill impairment risk," Bulletin of Economic Research, Wiley Blackwell, vol. 76(1), pages 223-250, January.
- Pombo, Carlos & De la hoz, María Camila, 2015.
"Institutional Investors and Firm Valuation: Evidence from Latin America,"
Galeras. Working Papers Series
040, Universidad de Los Andes. Facultad de Administración. School of Management.
- Maria Camila De-La-Hoz & Carlos Pombo, 2015. "Institutional Investors and Firm Valuation: Evidence from Latin America," Documentos CEDE 12849, Universidad de los Andes, Facultad de Economía, CEDE.
- Li, Guoxing & Yeh, Yin-Hua, 2023. "Western cultural influence on corporate innovation: Evidence from Chinese listed companies," Global Finance Journal, Elsevier, vol. 55(C).
- Yasean A. Tahat & Ahmed H. Ahmed & David Power, 2022. "Earnings quality and investment efficiency: the role of the institutional settings," Review of Quantitative Finance and Accounting, Springer, vol. 58(3), pages 1277-1306, April.
- Li, Yunhe & Liu, Yu & Xie, Feixue, 2019. "Technology directors and firm innovation," Journal of Multinational Financial Management, Elsevier, vol. 50(C), pages 76-88.
- Su, Zhong-qin & Xiao, Zuoping & Yu, Lin, 2019. "Do political connections enhance or impede corporate innovation?," International Review of Economics & Finance, Elsevier, vol. 63(C), pages 94-110.
- Attig, Najah & Guedhami, Omrane & Mishra, Dev, 2008. "Multiple large shareholders, control contests, and implied cost of equity," Journal of Corporate Finance, Elsevier, vol. 14(5), pages 721-737, December.
- Chen, Shenglan & Ma, Hui & Wu, Qiang & Zhang, Hao, 2023. "Does common ownership constrain managerial rent extraction? Evidence from insider trading profitability," Journal of Corporate Finance, Elsevier, vol. 80(C).
- Li, Guangzi & Chan, Kam C., 2021. "Anti-corruption intensity and loan contracting: Evidence from non-state owned firms in China," Emerging Markets Review, Elsevier, vol. 49(C).
- Richardson, Grant & Wang, Bei & Zhang, Xinmin, 2016. "Ownership structure and corporate tax avoidance: Evidence from publicly listed private firms in China," Journal of Contemporary Accounting and Economics, Elsevier, vol. 12(2), pages 141-158.
- Hadani, Michael & Goranova, Maria & Khan, Raihan, 2011. "Institutional investors, shareholder activism, and earnings management," Journal of Business Research, Elsevier, vol. 64(12), pages 1352-1360.
- Driss, Hamdi & Drobetz, Wolfgang & El Ghoul, Sadok & Guedhami, Omrane, 2021. "Institutional investment horizons, corporate governance, and credit ratings: International evidence," Journal of Corporate Finance, Elsevier, vol. 67(C).
- Cao, Chunfang & Li, Xiaohui & Li, Xiaoyang & Zeng, Cheng & Zhou, Xuan, 2021. "Diversity and inclusion: Evidence from corporate inventors," Journal of Empirical Finance, Elsevier, vol. 64(C), pages 295-316.
- Gregorio Sánchez‐Marín & María Encarnación Lucas‐Pérez & Samuel Baixauli‐Soler & Brian G.M. Main & Antonio Mínguez‐Vera, 2022. "Excess executive compensation and corporate governance in the United Kingdom and Spain: A comparative analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 43(7), pages 2817-2837, October.
- Jian Zhang, 2018. "Public Governance and Corporate Fraud: Evidence from the Recent Anti-corruption Campaign in China," Journal of Business Ethics, Springer, vol. 148(2), pages 375-396, March.
- Islam, Emdad & Rahman, Lubna, 2023. "Shades of grey: Risk-related agency conflicts and corporate innovation," Journal of Corporate Finance, Elsevier, vol. 83(C).
- Yeddou, Nacera & Pourroy, Marc, 2020.
"Bank liquidity creation: Does ownership structure matter?,"
The Quarterly Review of Economics and Finance, Elsevier, vol. 78(C), pages 116-131.
- Nacera Yeddou & Marc Pourroy, 2020. "Bank liquidity creation: does ownership structure matter?," Post-Print hal-02452616, HAL.
- Sun, Zixiong & Anderson, Hamish & Chi, Jing, 2023. "Managerial foreign experience and corporate risk-taking: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 86(C).
- Fu, Lili & Pan, Liyuan & Wu, Fengyun, 2021. "Does passive investment have a positive governance effect? Evidence from index funds ownership and corporate innovation," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 524-545.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:mgtdec:v:43:y:2022:i:5:p:1403-1422. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www3.interscience.wiley.com/cgi-bin/jhome/7976 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.