Ownership Structure and R&D Orientation in ICT Groups
| Autor: | Daniel Nepelski, Giuditta De Prato, Francesco Bogliacino |
|---|---|
| Rok vydání: | 2013 |
| Předmět: |
Finance
Entrepreneurship R& business.industry Financial institution Business administration Economics Econometrics and Finance (miscellaneous) Control (management) Public institution Orientation (graph theory) Settore SECS-P/02 - Politica Economica Settore SECS-P/06 - Economia Applicata Investment (macroeconomics) General Business Management and Accounting Ownership Structure Shareholder Corporate group ICT R&D Business |
| Zdroj: | Eurasian Business Review. 3:164-178 |
| ISSN: | 2147-4281 1309-4297 |
| Popis: | 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. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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